Rate Offerings
Magna Bank offers a range of deposit and loan products to meet your needs. Deposit interest rates vary by product or length of CD term. Loan rates are based on credit history and equity in collateral. We also offer great promotional rates from time-to-time.
Please contact a Magna Bank representative to obtain more details on all our product offerings and interest rates. In the meantime, we have listed some selected rates in which you may be interested.
Selected Interest Rates
Personal Products
| Product |
Minimum Balance |
Interest Rate |
Annual Percentage Yield (APY) |
| Magna Premier Checking |
$100 |
2.72% |
2.75%¹ |
| Magna Savings |
$100,000 |
0.65% |
0.65% |
| 12 Mo. CD |
$1,000 |
0.70% |
0.70% |
| 24 Mo. CD |
$1,000 |
0.85% |
0.85% |
| 30 Mo. CD |
$1,000 |
0.85% |
0.85% |
| 36 Mo. CD |
$1,000 |
1.00% |
1.00% |
| 48 Mo. CD |
$1,000 |
1.40% |
1.40% |
| Product |
Minimum Loan Amt |
Annual Percentage Rate (APR) |
Comment |
| Home Equity Line of Credit |
$10,000 |
Prime + 1.50%* |
Variable Rate; 5 Year Term |
| Home Equity Loan |
$10,000 |
7.565%** |
with automatic payment from Magna Deposit Account |
Stated interest rates are applicable to personal products only. Not all deposit accounts are available for IRA's. Fees may reduce earnings. Deposit and loan rates are subject to change daily. New account opening requirements apply. - ¹Magna Premier Checking - Certain restrictions and qualifications apply to earn stated APY. Ask your branch for an account disclosure and details. - Loan rates subject to credit and underwriting guidelines. *HELOC rates subject to 5.00% floor rate. ** Home Equity Loan rate above is based on 10 year term and 89.99% loan to value. Other rates and terms available.