What are the current interest rates at Grand Rapids State Bank?
Grand Rapids State Bank maintains structured interest rate schedules across its various consumer savings and deposit accounts. Regular savings accounts carry a modest baseline yield, requiring a minimum balance of $100 to avoid maintenance fees. Money market savings accounts offer tiered structures requiring a minimum average daily balance of $2,500 to qualify for baseline yields. Special accounts, such as educational savings plans, offer higher competitive yields reaching up to approximately 4.33% APY (with a 4.25% interest rate) subject to specific age caps and deposit guidelines. Standard checking and business interest accounts maintain lower variable rates dependent on daily balance thresholds.
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