Summit State Bank savings, CD and money market rates
Summit State Bank advertises up to 0.40% APY on its Personal Savings account. The 0.40% needs a balance of at least $25,000. Below that, the account advertises 0.00%.
On a $10,000 balance the account earns 0.10% overall, about $10 in a year, which is 0.27 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #831 of 1929 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1376.
Summit State Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 0.40% · Personal Savings · needs at least $25,000 |
| Minimum to open | not stated · Personal Savings |
| Against the national average | 0.03 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.27% · 3 months · 90 Day CD |
| Minimum to open | $1,000 · 3 months CD |
| Against the national average | 2.14 percentage points above the 1.13% FDIC 3-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | 0.35% · Personal Money Market · needs at least $2,500 |
| Minimum to open | not stated · Personal Money Market |
| Against the national average | 0.28 percentage points below the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 32203 · Santa Rosa, CA |
|---|---|
| Website | www.summitstatebank.com |
| Branches | 4 branches in CA |
| Availability | Available in CA |
Summit State Bank savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
Business
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.01% or more. See the highest savings rates.
Summit State Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 1 months | 0.10% | $1,000 | 30 Day CD |
| 3 months | 3.27% | $1,000 | 90 Day CD |
| 6 months | 3.22% | $1,000 | 6 Month CD |
| 9 months | 3.17% | $1,000 | 9 Month CD |
| 12 months | 3.07% | $1,000 | 1 Year CD |
| 18 months | 3.00% | $1,000 | 18 Month CD |
| 24 months | 2.50% | $1,000 | 2 Year CD |
| 36 months | 2.50% | $1,000 | 3 Year CD |
| 48 months | 2.50% | $1,000 | 4 Year CD |
| 60 months | 2.50% | $1,000 | 5 Year CD |
| IRA CDs | |||
| 6 months | 2.72% | $1,000 | IRA 6 Month CD |
| 12 months | 2.57% | $1,000 | IRA 1 Year CD |
| 24 months | 2.00% | $1,000 | IRA 24 Month CD |
Interactive Tool
Calculate Savings for Summit State Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$37.30(0.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,037.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Summit State 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. The 0.40% needs a balance of at least $25,000. Below that, the account advertises 0.00%.
In Q2 2026, Summit State Bank paid a higher average rate on savings and money market deposits than 85% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Summit State 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 | ||||||||
| Personal Savings | 0.40% | not stated | $0 | None | not stated | not stated | Tiered | |
| Personal Money Market | 0.35% | not stated | $0 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Business Savings | 0.50% | not stated | $0 | None | not stated | not stated | Tiered | |
| Business Money Market | 0.40% | not stated | $0 | None | not stated | not stated | Tiered | |
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 |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 30 Day CD | 1 months | 0.10% | $1,000 | not stated | not stated |
| 90 Day CD | 3 months | 3.27% | $1,000 | not stated | not stated |
| 6 Month CD | 6 months | 3.22% | $1,000 | not stated | not stated |
| 9 Month CD | 9 months | 3.17% | $1,000 | not stated | not stated |
| 1 Year CD | 12 months | 3.07% | $1,000 | not stated | not stated |
| 18 Month CD | 18 months | 3.00% | $1,000 | not stated | not stated |
| 2 Year CD | 24 months | 2.50% | $1,000 | not stated | not stated |
| 3 Year CD | 36 months | 2.50% | $1,000 | not stated | not stated |
| 4 Year CD | 48 months | 2.50% | $1,000 | not stated | not stated |
| 5 Year CD | 60 months | 2.50% | $1,000 | not stated | not stated |
| IRA CDs | |||||
| IRA 6 Month CD | 6 months | 2.72% | $1,000 | not stated | not stated |
| IRA 1 Year CD | 12 months | 2.57% | $1,000 | not stated | not stated |
| IRA 24 Month CD | 24 months | 2.00% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in CA |
|---|---|
| Footprint | 4 branches in CA |
| Eligibility | not stated |
How Summit State Bank behaves over time
Every observation of the advertised Personal Savings rate in the last 12 months was 0.40% (observed through Sep 16, 2026). The series includes promotional tiers where one applied.
- Personal Savings
- The same as 7 days ago.
- 3 months CD
- The same as 7 days ago.
- Personal Money Market
- The same as 7 days ago.
- Rate last changed
- Sep 3, 2026(effective date)
$10,000 at the 0.40% APY Summit State Bank advertises on Personal Savings grows to $10,040 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,710 does today. See how the federal funds rate shapes savings rates.
Summit State Bank CD rates over time
Who is Summit State Bank?
| Headquarters | Santa Rosa, CA |
|---|---|
| Founded | 1982 |
| Scale | $960M assets · $846M deposits, $660M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 32203 |
Financial detail is in What Summit State Bank pays on deposits above.
Common questions about Summit State Bank
Does the 0.40% apply to my whole balance?
The 0.40% needs a balance of at least $25,000. Below that, the account advertises 0.00%. Rates are as observed on Sep 16, 2026.
Is Summit State Bank FDIC insured?
Yes. Summit State Bank is FDIC insured under certificate 32203, so deposits are covered up to $250,000 per depositor, per ownership category.
Does Summit State Bank have branches?
Yes. Summit State Bank operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
Summit State Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Summit State Bank | 0.50% | 2.52% | not stated | 4 branches in CA |
| American Bank and Trust Company, National Association | 2.84% | 2.05% | not stated | 8 branches in IA, IL |
| American Heritage Bank | 2.15% | 0.59% | $5,000 | 24 branches in OK |
| Arundel Federal Savings Bank | 0.80% | 0.23% | $1,000 | 5 branches in MD |
Alternatives are the three tracked banks whose highest savings APY is closest to Summit State Bank's.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.