Stronger together and the Bank of Holland is here to help!

The communities we serve are our number one priority. Starting Monday, March 23, 2020, we will initiate a Covid-19 relief program:

  • The Bank of Holland has created a temporary relief program for our loan customers who face hardship from Covid-19 matters. If you have been impacted by Covid-19, we are here to help. Please contact us at 1-716-655-4667 to speak with a representative of the Bank of Holland.
  • Through April 30, 2020, all early withdrawal penalties and fees for CDs/IRAs will be waived for any withdrawal.
  • All Bank of Holland ATM Transaction fees ($1.75) will be waived for our customers who may need to use a Non-Bank of Holland ATM now through April 30, 2020.Customer must present statement to have fees waived.

We are here to help and if you have any questions or need any additional help, please reach out to us at 1-716-655-4667

 Important Branch Access Changes Due to Covid-19. Please click here.

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Deposit Rates

 

Checking Accounts

Account TypeMinimum Deposit to Open AccountMinimum Balance to Obtain Annual Percentage Yield (APY)Interest RateAnnual Percentage Yield (APY)
Advantage Plus Checking(1) $50.00

 $0.00

$15,000.01

 2.00%

0.50%

2.01%(1)

0.50%(1) 

Advantage Plus Checking(1)   $50.00  $0.00  0.10% 0.10%(1) 
 
NOW Checking* (A) $0.00 $0.00  0.05% 0.05%

 Savings Accounts

Account TypeMinimum Deposit to Open AccountMinimum Balance to Obtain Annual Percentage Yield (APY)Interest RateAnnual Percentage Yield (APY)
Health Savings (B) $0.00  $0.00 0.10% 0.10% 
Advantage Savings(2) $0.01 

$0.00

$25,000.01

1.00%

0.50%

1.00%(2) 

0.50%(2) 

Advantage Savings(2) $0.01  $0.00 0.10% 0.10%(2) 
Passbook Savings (C) $0.00 $0.00 0.05% 0.05%
Statement Savings(D) $0.00 $0.00 0.05% 0.05%
Holiday/Christmas Club (E) $3.00 $0.00 0.05% 0.05%
Money Market** (F) $0.00

       Less than $2,500.00

                 to $25,000.00

                 to $50,000.00

                to $100,000.00

                        to $200,000.00        

Greater than $200,000.00

0.05%

0.10%

0.15%

0.20%

0.25%

0.30%

0.05%

0.10%

0.15%

0.20%

0.25%

0.30%

 Certificates of Deposit (COD)

COD Term (G) ***Minimum Deposit to
Open Account
Minimum Balance to
Obtain Annual Percentage Yield (APY)
Interest RateAnnual Percentage Yield (APY)
3 to 5 Month $500.00 $500.00 0.10% 0.10%
6 to 11 Month $500.00

$500.00

0.10%

0.10%

12 to 23 Month $500.00 $500.00 0.40% 0.40%
24 to 35 Month $500.00 $500.00 0.50% 0.50%
36 to 47 Month $500.00 $500.00 0.60% 0.60%
48 Month $500.00 $500.00 0.75% 0.75%
60 Month $500.00

$500.00

1.00%

1.00%

 Individual Retirement Accounts (IRA)

IRA Rates listed below are available for either a Traditional, Roth, or Coverdell Education Savings Account

IRA COD  Term (H) ****Minimum Deposit to Open AccountMinimum Balance to Obtain Annual Percentage Yield (APY)Interest RateAnnual Percentage Yield (APY)
12 to 17 Month $500.00 $500.00 0.40% 0.40%
18 to 29 Month $500.00

$500.00

0.50%

0.50%

30 to 48 Month $500.00 $500.00 0.60% 0.60%
60 Month $500.00 $500.00 1.00% 1.00%

For additional information on any of the above products, contact a bank officer or customer service representative.
Products (A, B, C, D, E, F, G,H), APY’s are accurate as of 03/12/2020. APY’s are based on interest rate as listed with products (A, B, C, D, E, F, G,H), and all rates are subject to change.
* NOW Accounts are subject to monthly service charge if balance falls below $1,000.00. Application of service charge fee may affect the APY.
** Money Market Accounts -If balance falls below $2,500.00, account earns prevailing NOW account interest rate. The effect of the account balance falling below $2,500.00 may affect the APY calculation.
*** Certificate of Deposit - Penalty for early withdrawal.
**** IRA (COD) Accounts Penalty for early withdrawal. Additional tax penalties may occur for early withdrawal. Consult tax advisor for tax information.

(1)  APYs accurate as of 03/12/2020. Rates may change after account is opened. Minimum to open is $50 for Advantage Plus Checking and $0.01 for Advantage Savings. For Advantage Plus Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.01%; and (3) balances over $15,000 earn 0.50% interest rate on the portion of the balance over $15,000, resulting in 2.01% - 0.70% APY depending on the balance. If qualifications are not met on Advantage Plus Checking all balances earn 0.10% APY. Qualifying transactions must post to and settle Advantage Plus Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Advantage Plus Checking APY is based on compounding interest. Interest earned in Advantage Plus Checking is automatically transferred to Advantage Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised Advantage Plus Checking APY. The Advantage Savings APYs may be less than Advantage Plus Checking APYs. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings. Limit one account per social security number. Other restrictions may apply.

(2)  APYs accurate as of 03/12/2020. Rates may change after account is opened. Minimum to open is $50 for Advantage Plus Checking and $0.01 for Advantage Savings. For Advantage Plus Checking, if qualifications are met each monthly qualification cycle, domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 and credited to account on the last day of monthly statement cycle. Qualifying transactions must post to and settle Advantage Plus Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Advantage Plus Checking APY is based on compounding interest. Interest earned in Advantage Plus Checking is automatically transferred to Advantage Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised Advantage Plus Checking APY. The Advantage Savings APYs may be less than Advantage Plus Checking APYs. If qualifications in Advantage Plus Checking are met each monthly qualification cycle: (1) balances up to $25,000 in Advantage Savings receive an APY of 1.00%; and (2) balances over $25,000 in Advantage Savings earn 0.50% interest rate on portion of balance over $25,000, resulting in 1.00% - 0.60% APY depending on the balance. If qualifications are not met on Advantage Plus Checking, all balances in Advantage Savings earn 0.10% APY. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings.

 

 

 

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