The Clay City Banking Co. savings, CD and money market rates
The Clay City Banking Co.'s Hometown Saver lists 0.60% APY. That is 0.22 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
The rate needs a linked account at the bank.
Ranked #1090 of 3132 tracked savings rates by advertised APY. For a $10,000 balance it would rank #832.
Estimate your earnings·What The Clay City Banking Co. actually pays
The Clay City Banking Co. at a glance
| Savings | |
|---|---|
| Top savings APY | 0.60% · Hometown Saver · needs a linked account at the bank |
| Minimum to open | $100 · Hometown Saver |
| Against the national average | 0.22 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.06% · 13 months · 13 Month CD Special |
| Minimum to open | $500 · 13 months CD |
| Against the national average | 2.30 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 1.53% · Hometown Money Market Deposit Account · needs at least $250,000.01 |
| Minimum to open | $2,500 · Hometown Money Market Deposit Account |
| Against the national average | 0.90 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 10845 · Clay City, IL |
|---|---|
| Website | www.claycitybanking.bank |
| Branches | 4 branches in IL |
| Availability | Available in IL |
The Clay City Banking Co. savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
IRA
Business
How the rate applies
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 4.21% or more. See the highest savings rates.
The Clay City Banking Co. CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 3.34% | not stated | 3 Month CD |
| 6 months | 3.44% | not stated | 6 Month CD |
| 12 months | 3.60% | not stated | 12 Month CD |
| 13 months | 4.06% | $500 | 13 Month CD Special |
| 18 months | 3.65% | not stated | 18 Month CD |
| 24 months | 3.70% | not stated | 24 Month CD |
| 30 months | 3.60% | not stated | 30 Month CD |
| 48 months | 3.60% | not stated | 48 Month CD |
| 60 months | 3.60% | not stated | 60 Month CD |
| IRA CDs | |||
| 12 months | 3.60% | not stated | 12 Month Fixed IRA Certificate |
| 12 months | 3.60% | not stated | SEP IRA 12 Month Fixed Certificate |
| 18 months | 3.65% | not stated | 18 Month Variable IRA Certificate |
| 18 months | 3.65% | not stated | 18 Month Fixed IRA Certificate |
| 18 months | 3.65% | not stated | SEP IRA 18 Month Variable Certificate |
| 18 months | 3.65% | not stated | SEP IRA 18 Month Fixed Certificate |
| 30 months | 3.60% | not stated | 30 Month Fixed IRA Certificate |
| 30 months | 3.60% | not stated | SEP IRA 30 Month Fixed Certificate |
| Business CDs | |||
| 3 months | 3.34% | $1,000 | Business 3 Month CD |
| 6 months | 3.44% | $1,000 | Business 6 Month CD |
| 12 months | 3.60% | $1,000 | Business 12 Month CD |
| 18 months | 3.65% | $1,000 | Business 18 Month CD |
| 24 months | 3.70% | $1,000 | Business 24 Month CD |
| 30 months | 3.60% | $1,000 | Business 30 Month CD |
| 48 months | 3.60% | $1,000 | Business 48 Month CD |
| 60 months | 3.60% | $1,000 | Business 60 Month CD |
Interactive Tool
Calculate Savings for The Clay City Banking Co.
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$484.50(3.0%)
- Total Contributions$13,000
- Initial Deposit$2,500
Projected Balance
$15,984.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What The Clay City Banking Co. 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, The Clay City Banking Co. paid a higher average rate on savings and money market deposits than 25% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- The Clay City Banking Co., 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 | ||||||||
| Hometown Saver | 0.60% | $100 | $0 | None | not stated | Linked account at the bank · direct deposit not stated | One rate | |
| Fine print: Requires a Hometown Rewards Interest or Cash Back checking account. Limit one account per Social Security number. | ||||||||
| Health Savings Account | Up to 0.60% | $100 | $0 | None | not stated | not stated | Tiered | |
| Savings Account | 0.50% | $50 | $0 | None | $5 quarterly service fee; avoided with a $200 minimum daily balance | not stated | One rate | |
| Fine print: A $5 service fee applies each quarter unless a $200 minimum daily balance is kept. No opening deposit is required for holders under age 18. | ||||||||
| Hometown Money Market Deposit Account | Up to 1.53% | $2,500 | $0 | None | not stated | not stated | Tiered | |
| Fine print: Rates are blended. Each balance tier's rate applies only to the portion of the balance within that tier, so the yield published for the higher balance tiers is a range and not a single number. | ||||||||
| Money Market Account | Up to 1.36% | $2,500 | $2,500 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Business Money Market Account | Up to 1.36% | $2,500 | $2,500 | None | not stated | not stated | Tiered | |
| Business Savings Account | 0.50% | $50 | $0 | None | $5 quarterly service fee; avoided with a $200 minimum daily balance | not stated | One rate | |
| Fine print: A $5 service fee applies each quarter unless a $200 minimum daily balance is kept. | ||||||||
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 | |||||
| 3 Month CD | 3 months | 3.34% | not stated | not stated | not stated |
| 6 Month CD | 6 months | 3.44% | not stated | not stated | not stated |
| 12 Month CD | 12 months | 3.60% | not stated | not stated | not stated |
| 13 Month CD Special | 13 months | 4.06% | $500 | not stated | not stated |
| 18 Month CD | 18 months | 3.65% | not stated | not stated | not stated |
| 24 Month CD | 24 months | 3.70% | not stated | not stated | not stated |
| 30 Month CD | 30 months | 3.60% | not stated | not stated | not stated |
| 48 Month CD | 48 months | 3.60% | not stated | not stated | not stated |
| 60 Month CD | 60 months | 3.60% | not stated | not stated | not stated |
| IRA CDs | |||||
| 12 Month Fixed IRA Certificate | 12 months | 3.60% | not stated | not stated | not stated |
| SEP IRA 12 Month Fixed Certificate | 12 months | 3.60% | not stated | not stated | not stated |
| 18 Month Variable IRA Certificate | 18 months | 3.65% | not stated | not stated | not stated |
| 18 Month Fixed IRA Certificate | 18 months | 3.65% | not stated | not stated | not stated |
| SEP IRA 18 Month Variable Certificate | 18 months | 3.65% | not stated | not stated | not stated |
| SEP IRA 18 Month Fixed Certificate | 18 months | 3.65% | not stated | not stated | not stated |
| 30 Month Fixed IRA Certificate | 30 months | 3.60% | not stated | not stated | not stated |
| SEP IRA 30 Month Fixed Certificate | 30 months | 3.60% | not stated | not stated | not stated |
| Business CDs | |||||
| Business 3 Month CD | 3 months | 3.34% | $1,000 | not stated | not stated |
| Business 6 Month CD | 6 months | 3.44% | $1,000 | not stated | not stated |
| Business 12 Month CD | 12 months | 3.60% | $1,000 | not stated | not stated |
| Business 18 Month CD | 18 months | 3.65% | $1,000 | not stated | not stated |
| Business 24 Month CD | 24 months | 3.70% | $1,000 | not stated | not stated |
| Business 30 Month CD | 30 months | 3.60% | $1,000 | not stated | not stated |
| Business 48 Month CD | 48 months | 3.60% | $1,000 | not stated | not stated |
| Business 60 Month CD | 60 months | 3.60% | $1,000 | not stated | not stated |
Fine print for 2 CDs above: Variable rate. The rate can change each quarter, on March 31, June 30, September 30 and December 31.
Opening and using the account
| Availability | Available in IL |
|---|---|
| Footprint | 4 branches in IL |
| Eligibility | not stated |
How The Clay City Banking Co. behaves over time
Every observation of the advertised Hometown Saver rate in the last 12 months was 0.60% (observed through Nov 12, 2026). The series includes promotional tiers where one applied.
- Hometown Saver
- The same as 30 days ago.
- 13 months CD
- The same as 30 days ago.
- Rate last changed
- Sep 25, 2026(effective date)
$10,000 at the 0.60% APY The Clay City Banking Co. advertises on Hometown Saver grows to $10,060 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 $9,697 does today. See how the federal funds rate shapes savings rates.
The Clay City Banking Co. CD rates over time
Who is The Clay City Banking Co.?
| Headquarters | Clay City, IL |
|---|---|
| Founded | 1892 |
| Scale | $253M assets · $228M deposits, $192M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 10845 |
| Charter state | Illinois · one of 325 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,607th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 79% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What The Clay City Banking Co. pays on deposits above.
Common questions about The Clay City Banking Co.
Is The Clay City Banking Co. FDIC insured?
Yes. The Clay City Banking Co. is FDIC insured under certificate 10845, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at The Clay City Banking Co.?
The Clay City Banking Co. requires a minimum deposit of $100 to open its Hometown Saver account, as observed on Nov 12, 2026. Check the bank's current terms before you open an account.
Does The Clay City Banking Co. have branches?
Yes. The Clay City Banking Co. operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
The Clay City Banking Co. against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| The Clay City Banking Co. | 0.60% | 0.79% | $100 | 4 branches in IL |
| Alma Bank | Up to0.60% | 2.42% | $10,000 | 13 branches in NJ, NY |
| American Heritage Bank | Up to0.60% | 0.59% | $100 | 24 branches in OK |
| Chelsea State Bank | Up to0.60% | 0.94% | $1 | 4 branches in MI |
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 The Clay City Banking Co.'s.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Illinois, nearest to The Clay City Banking Co. in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: savings rates in Illinois, money market rates in Illinois, and banks in Illinois.