Business Deposit Rates

Business Account Interest Rates - Effective as of March 21, 2023

Deposit Solution	Minimum Required To Open	Interest Crediting Frequency	Balance Required for Stated Rate	Variable Interest Rate*	Annual Percentage Yield
Marketfund	$1,000.00	Monthly	All	0.10%	0.10%
Premium Fund	$2,500.00	Monthly	Below $10,000 $10,000-$24,999.99 $25,000-$49,999.99 $50,000 & Over	0.20% 0.25% 0.30% 0.40%	0.20% 0.25% 0.30% 0.40%
Money Market Plus	$5,000	Monthly	Below $10,000 $10,000-$24,999.99 $25,000-$49,999.99 $50,000-$99,999.99 $100,000 & Over	0.15% 0.25% 0.30% 0.40% 0.45%	0.15% 0.25% 0.30% 0.40% 0.45%

¹ *At our discretion we may change the interest rate and annual percentage yield (APY) on your account at any time. If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Fees could reduce earnings on the account; refer to Fee Schedule for applicable fees.

Deposit Solution	Minimum Required To Open	Interest Crediting Frequency	Balance Required for Stated Rate	Variable Interest Rate*	Annual Percentage Yield
Business Checking Plus	$100.00	Monthly	Below $100,000 $100,000 & Over	0.01% 0.01%	0.01% 0.01%

Deposit Solution	Minimum Required To Open	Interest Crediting Frequency	Balance Required for Stated Rate	Variable Interest Rate*	Annual Percentage Yield
Statement Savings	$100.00	Monthly	All	0.05%	0.05%

¹

*At our discretion we may change the interest rate and annual percentage yield (APY) on your account at any time. If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Fees could reduce earnings on the account; refer to Fee Schedule for applicable fees.

Deposit Solution	$500-$4,999 Fixed/APY Interest Rate	$5,000-$49,999 Fixed/APY Interest Rate	$50,000-$89,999 Fixed/APY Interest Rate	$90,000+ Fixed/APY Interest Rate
11 Month Time Certificate Special²	3.92%/4.00%	3.92%/4.00%	3.92%/4.00%	3.92%/4.00%
32 Day Time Certificate	0.25/0.25%	0.25/0.25%	0.25/0.25%	0.25/0.25%
60 Day Time Certificate	0.25/0.25%	0.25/0.25%	0.25/0.25%	0.25/0.25%
90 Day Time Certificate	0.30/0.30%	0.35/0.35%	0.40/0.40%	0.50/0.50%
6 Month Time Certificate	0.50/0.50%	0.60/0.60%	0.65/0.65%	0.70/0.70%
9 Month Time Certificate	0.60/0.60%	0.70/0.70%	0.75/0.75%	0.80/0.80%
12 Month Time Certificate	0.95/0.95%	1.09/0.1.10%	1.14/1.15%	1.29/1.30%
18 Month Time Certificate	1.29/1.30%	1.44/1.45%	1.54/1.55%	1.69/1.70%
24 Month Time Certificate	1.69/1.70%	1.83/1.85%	1.93/1.95%	2.03/2.05%
30 Month Time Certificate	2.08/2.10%	2.23/2.25%	2.32/2.35%	2.52/2.55%
36 Month Time Certificate	2.52/2.55%	2.62/2.65%	2.71/2.75%	3.00/3.05%
48 Month Time Certificate	2.62/2.65%	2.71/2.75%	2.81/2.85%	3.10/3.15%
60 Month Time Certificate	2.71/2.75%	2.81/2.85%	3.00/3.05%	3.30/3.35%

¹
The Annual Percentage Yield (APY) assumes that the interest remains on deposit until maturity. A withdrawal will reduce the APY. Fees could reduce the earnings. *At our discretion, we may change the interest rate on your account. **Time certificates only: Minimum deposit $500.00 to open. Interest compounds daily. There will be an interest penalty charged for any early withdrawal or redemption. This penalty may invade principal. The amount of the early withdrawal penalty on the amount withdrawn is 30 days interest if the term is less than 90 days, 90 days interest if term is equal to or greater than 90 days and less than 12 months, 180 days interest if term is equal to or greater than 12 months and less than 24 months, 270 days interest if term is equal to or greater than 24 months and less than 60 months, and 365 days interest if the term is equal to or greater than 60 months. For any variable rate CD, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal.
² ***11 Month CD Special: $10,000 minimum deposit. New money required. Limited time only. New money is defined as funds not previously held on deposit by Kitsap Bank within the past 30 days.

Deposit Solution	Minimum Required To Open	Interest Crediting Frequency	Balance Required for Stated Rate	Variable Interest Rate*	Annual Percentage Yield
6 Month and Above	$500.00	Quarterly	All	0.40%	0.40%

¹
The Annual Percentage Yield (APY) assumes that the interest remains on deposit until maturity. A withdrawal will reduce the APY. Fees could reduce the earnings. *At our discretion, we may change the interest rate on your account. **Time certificates only: Minimum deposit $500.00 to open. Interest compounds daily. There will be an interest penalty charged for any early withdrawal or redemption. This penalty may invade principal. The amount of the early withdrawal penalty on the amount withdrawn is 30 days interest if the term is less than 90 days, 90 days interest if term is equal to or greater than 90 days and less than 12 months, 180 days interest if term is equal to or greater than 12 months and less than 24 months, 270 days interest if term is equal to or greater than 24 months and less than 60 months, and 365 days interest if the term is equal to or greater than 60 months. For any variable rate CD, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal.