Jeff Bank savings, CD and money market rates
Jeff Bank's Statement Savings advertises 0.05% APY. That is 0.33 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #2764 of 3150 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2630.
Jeff Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.05% · Statement Savings |
| Minimum to open | $25 · Statement Savings |
| Against the national average | 0.33 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 3.04% · 7 months · 7 Month Savings Certificate · needs a linked account at the bank |
| Minimum to open | $25,000 · 7 months CD |
| Against the national average | 1.65 percentage points above the 1.39% FDIC 6-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | 0.05% · Insured Money Market Account |
| Minimum to open | $2,500 · Insured Money Market Account |
| Against the national average | 0.58 percentage points below the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 7123 · Jeffersonville, NY |
|---|---|
| Website | www.jeff.bank |
| Branches | 10 branches in NY |
| Availability | Available in NY |
Jeff Bank savings, CD and money market rates
Personal
IRA
Business
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Jeff Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| not stated | 0.05% | $2,500 | 31-60 Day Savings Certificate |
| not stated | 0.05% | $2,500 | 61-90 Day Savings Certificate |
| not stated | 0.05% | $2,500 | 91-179 Day Savings Certificate |
| not stated | 0.05% | $2,500 | 180-239 Day Savings Certificate |
| not stated | 0.15% | $2,500 | 31-60 Day Reward Savings Certificate |
| not stated | 0.15% | $2,500 | 61-90 Day Reward Savings Certificate |
| not stated | 0.15% | $2,500 | 91-179 Day Reward Savings Certificate |
| not stated | 0.15% | $2,500 | 180-239 Day Reward Savings Certificate |
| not stated | 0.15% | $100,000 | 31-60 Day Jumbo Savings Certificate |
| not stated | 0.15% | $100,000 | 61-90 Day Jumbo Savings Certificate |
| not stated | 0.15% | $100,000 | 91-179 Day Jumbo Savings Certificate |
| not stated | 0.15% | $100,000 | 180-239 Day Jumbo Savings Certificate |
| 6-11 months | 0.05% | $2,500 | 6-11 Month Savings Certificate |
| 6-11 months | 0.15% | $2,500 | 6-11 Month Reward Savings Certificate |
| 6-11 months | 0.15% | $100,000 | 6-11 Month Jumbo Savings Certificate |
| 7 months | 3.04% | $25,000 | 7 Month Savings Certificate |
| 12-17 months | 0.10% | $1,000 | 12-17 Month Savings Certificate |
| 12-17 months | 0.20% | $1,000 | 12-17 Month Reward Savings Certificate |
| 12-17 months | 0.20% | $100,000 | 12-17 Month Jumbo Savings Certificate |
| 18-23 months | 0.20% | $1,000 | 18-23 Month Savings Certificate |
| 18 months | 0.20% | $1,000 | 18 Month Escalator Savings Certificate |
| 18-23 months | 0.30% | $1,000 | 18-23 Month Reward Savings Certificate |
| 18 months | 0.30% | $1,000 | 18 Month Escalator Reward Savings Certificate |
| 18-23 months | 0.30% | $100,000 | 18-23 Month Jumbo Savings Certificate |
| 18 months | 0.30% | $100,000 | 18 Month Escalator Jumbo Savings Certificate |
| 24-29 months | 0.25% | $1,000 | 24-29 Month Savings Certificate |
| 24-29 months | 0.35% | $1,000 | 24-29 Month Reward Savings Certificate |
| 24-29 months | 0.35% | $100,000 | 24-29 Month Jumbo Savings Certificate |
| 30-35 months | 0.25% | $1,000 | 30-35 Month Savings Certificate |
| 30-35 months | 0.35% | $1,000 | 30-35 Month Reward Savings Certificate |
| 30-35 months | 0.35% | $100,000 | 30-35 Month Jumbo Savings Certificate |
| 36-47 months | 0.30% | $1,000 | 36-47 Month Savings Certificate |
| 36-47 months | 0.40% | $1,000 | 36-47 Month Reward Savings Certificate |
| 36-47 months | 0.40% | $100,000 | 36-47 Month Jumbo Savings Certificate |
| 48-59 months | 0.40% | $1,000 | 48-59 Month Savings Certificate |
| 48-59 months | 0.50% | $1,000 | 48-59 Month Reward Savings Certificate |
| 48-59 months | 0.50% | $100,000 | 48-59 Month Jumbo Savings Certificate |
| 60 months | 0.50% | $1,000 | 60 Month Savings Certificate |
| 60 months | 0.60% | $1,000 | 60 Month Reward Savings Certificate |
| 60 months | 0.60% | $100,000 | 60 Month Jumbo Savings Certificate |
Interactive Tool
Calculate Savings for Jeff Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Jeff Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Jeff Bank paid a higher average rate on savings and money market deposits than 1% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Jeff Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Statement Savings | 0.05% | $25 | $0 | None | To avoid a $15.00 quarterly service charge, you must maintain an average daily balance of $200.00 or more OR participate in the direct deposit of a payroll or retirement program., can be waived | not stated | Tiered | |
| Fine print: The service charge is assessed quarterly. It is avoided by keeping an average daily balance of $200 or more, or by receiving a payroll or retirement direct deposit. | ||||||||
| Tax Account | 0.05% | $25 | $0 | None | not stated | not stated | Tiered | |
| Fine print: Withdrawals may be made only as window transactions, or as automatic transfers to a Jeff Bank checking or savings account to pay taxes. | ||||||||
| Vacation Club | 0.01% | $25 | $0 | None | not stated | not stated | One rate | |
| Vacation Club Direct Deposit | 0.01% | $25 | $0 | None | not stated | Direct deposit · linked account not stated | One rate | |
| Holiday Club | 0.01% | $25 | $0 | None | not stated | not stated | One rate | |
| Holiday Club Direct Deposit | 0.01% | $25 | $0 | None | not stated | Direct deposit · linked account not stated | One rate | |
| Insured Money Market Account | 0.05% | $2,500 | $0 | None | A minimum deposit of $2,500.00 is required to open this account. If the daily balance falls below $2,500.00, a monthly service charge of $15.00 will be assessed at statement date. | not stated | Tiered | |
| IRA | ||||||||
| IRA Statement Savings | 0.05% | $25 | $0 | None | not stated | not stated | One rate | |
| Business | ||||||||
| Municipal Insured Money Market Account | 0.05% | $2,500 | $0 | None | not stated | not stated | Tiered | |
Fine print for 4 products above: A withdrawal before maturity must be for the entire balance. Partial withdrawals are not allowed.
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 31-60 Day Savings Certificate | not stated | 0.05% | $2,500 | not stated | not stated |
| 61-90 Day Savings Certificate | not stated | 0.05% | $2,500 | not stated | not stated |
| 91-179 Day Savings Certificate | not stated | 0.05% | $2,500 | not stated | not stated |
| 180-239 Day Savings Certificate | not stated | 0.05% | $2,500 | not stated | not stated |
| 31-60 Day Reward Savings Certificate | not stated | 0.15% | $2,500 | not stated | not stated |
| 61-90 Day Reward Savings Certificate | not stated | 0.15% | $2,500 | not stated | not stated |
| 91-179 Day Reward Savings Certificate | not stated | 0.15% | $2,500 | not stated | not stated |
| 180-239 Day Reward Savings Certificate | not stated | 0.15% | $2,500 | not stated | not stated |
| 31-60 Day Jumbo Savings Certificate | not stated | 0.15% | $100,000 | not stated | not stated |
| 61-90 Day Jumbo Savings Certificate | not stated | 0.15% | $100,000 | not stated | not stated |
| 91-179 Day Jumbo Savings Certificate | not stated | 0.15% | $100,000 | not stated | not stated |
| 180-239 Day Jumbo Savings Certificate | not stated | 0.15% | $100,000 | not stated | not stated |
| 6-11 Month Savings Certificate | 6-11 months | 0.05% | $2,500 | not stated | not stated |
| 6-11 Month Reward Savings Certificate | 6-11 months | 0.15% | $2,500 | not stated | not stated |
| 6-11 Month Jumbo Savings Certificate | 6-11 months | 0.15% | $100,000 | not stated | not stated |
| 7 Month Savings Certificate | 7 months | 3.04% | $25,000 | not stated | not stated |
| 12-17 Month Savings Certificate | 12-17 months | 0.10% | $1,000 | not stated | not stated |
| 12-17 Month Reward Savings Certificate | 12-17 months | 0.20% | $1,000 | not stated | not stated |
| 12-17 Month Jumbo Savings Certificate | 12-17 months | 0.20% | $100,000 | not stated | not stated |
| 18-23 Month Savings Certificate | 18-23 months | 0.20% | $1,000 | not stated | not stated |
| 18 Month Escalator Savings Certificate | 18 months | 0.20% | $1,000 | not stated | not stated |
| 18-23 Month Reward Savings Certificate | 18-23 months | 0.30% | $1,000 | not stated | not stated |
| 18 Month Escalator Reward Savings Certificate | 18 months | 0.30% | $1,000 | not stated | not stated |
| 18-23 Month Jumbo Savings Certificate | 18-23 months | 0.30% | $100,000 | not stated | not stated |
| 18 Month Escalator Jumbo Savings Certificate | 18 months | 0.30% | $100,000 | not stated | not stated |
| 24-29 Month Savings Certificate | 24-29 months | 0.25% | $1,000 | not stated | not stated |
| 24-29 Month Reward Savings Certificate | 24-29 months | 0.35% | $1,000 | not stated | not stated |
| 24-29 Month Jumbo Savings Certificate | 24-29 months | 0.35% | $100,000 | not stated | not stated |
| 30-35 Month Savings Certificate | 30-35 months | 0.25% | $1,000 | not stated | not stated |
| 30-35 Month Reward Savings Certificate | 30-35 months | 0.35% | $1,000 | not stated | not stated |
| 30-35 Month Jumbo Savings Certificate | 30-35 months | 0.35% | $100,000 | not stated | not stated |
| 36-47 Month Savings Certificate | 36-47 months | 0.30% | $1,000 | not stated | not stated |
| 36-47 Month Reward Savings Certificate | 36-47 months | 0.40% | $1,000 | not stated | not stated |
| 36-47 Month Jumbo Savings Certificate | 36-47 months | 0.40% | $100,000 | not stated | not stated |
| 48-59 Month Savings Certificate | 48-59 months | 0.40% | $1,000 | not stated | not stated |
| 48-59 Month Reward Savings Certificate | 48-59 months | 0.50% | $1,000 | not stated | not stated |
| 48-59 Month Jumbo Savings Certificate | 48-59 months | 0.50% | $100,000 | not stated | not stated |
| 60 Month Savings Certificate | 60 months | 0.50% | $1,000 | not stated | not stated |
| 60 Month Reward Savings Certificate | 60 months | 0.60% | $1,000 | not stated | not stated |
| 60 Month Jumbo Savings Certificate | 60 months | 0.60% | $100,000 | not stated | not stated |
Fine print for 3 CDs above: The rate may be stepped up once during the 18-month term. Additional deposits of $150 or more are permitted.
Opening and using the account
| Availability | Available in NY |
|---|---|
| Footprint | 10 branches in NY |
| Eligibility | not stated |
How Jeff Bank behaves over time
Every observation of the advertised Statement Savings rate in the last 12 months was 0.05% (observed through Nov 2, 2026). The series includes promotional tiers where one applied.
- Statement Savings
- The same as 30 days ago.
- 7 months CD
- The same as 30 days ago.
- Insured Money Market Account
- The same as 30 days ago.
- Rate last changed
- Aug 26, 2026(effective date)
$10,000 at the 0.05% APY Jeff Bank advertises on Statement Savings grows to $10,005 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,644 does today. See how the federal funds rate shapes savings rates.
Jeff Bank CD rates over time
Who is Jeff Bank?
| Headquarters | Jeffersonville, NY |
|---|---|
| Founded | 1913 |
| Scale | $686M assets · $579M deposits, $384M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 7123 |
| Charter state | New York · one of 107 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,388th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 39% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Jeff Bank pays on deposits above.
Common questions about Jeff Bank
Is Jeff Bank FDIC insured?
Yes. Jeff Bank is FDIC insured under certificate 7123, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Jeff Bank?
Jeff Bank requires a minimum deposit of $25 to open its Statement Savings account, as observed on Nov 2, 2026. Check the bank's current terms before you open an account.
Does Jeff Bank have branches?
Yes. Jeff Bank operates 10 branches according to FDIC branch records, in addition to its website and mobile apps.
Jeff Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Jeff Bank | 0.05% | 0.08% | $25 | 10 branches in NY |
| 1st Community Bank | 0.05% | 0.45% | not stated | 2 branches in IL |
| Arrow Bank National Association | Up to0.05% | 2.21% | $500 | 56 branches in NY |
| Bank of Franklin County | 0.05% | 0.50% | $25 | 6 branches in MO |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Jeff Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in New York, nearest to Jeff Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in New York.