Rates effective as of March 13, 2026. Download PDF.
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Get the latest rates for all services across GRSB.
Grand Rapids State Bank loan specials and banking rates.
Personal & Business Loans
Contact us or stop in and ask for one of our Bankers for current rates & terms.
Spring Recreational Loan Specials
Catch the season’s best with our spring recreational loan specials. Whether you’re casting a line on your favorite lake or trying out new waters, we’ve got you covered. Contact Cory or Dale today for more information.
Personal Loans
Dale Rosier
Senior Vice President,
Personal Banking
- NMLS #646664
- (218) 326-9419, ext. 219
- dale.rosier@grsb.bank
Cory Colter
Vice President,
Personal Banker
- NMLS #646661
- (218) 326-9419, ext. 262
- cory.colter@grsb.bank
Business Loans
Nate Lloyd
Executive Vice President,
Chief Credit Officer
Stephanie Gambill
Vice President,
Business Banking
Regular Savings
Minimum balance of $100 required to open account and to avoid service fees.
| Minimum Balance | APY | Interest Rate |
|---|---|---|
| $100 | .03% | .03% |
Money Market Savings*
Minimum average balance of $2,500 to open account, to qualify for rate and avoid service fees.
| Minimum Balance | APY | Interest Rate |
|---|---|---|
| $2,500 | .08% | .08% |
*Rate will convert to Regular Savings Rate if average daily balance falls below minimum balance any day of the month.
Money Market Plus Savings***
For personal accounts only. FDIC insured account that is indexed to National Money Market funds.
| Minimum Balance | APY | Interest Rate |
|---|---|---|
| $5,000-$99,999 | .08% | .08% |
| $100,000-$499,999 | .10% | .10% |
| $500,000-$999,999 | .12% | .12% |
| $1,000,000+ | .15% | .15% |
***Rate will convert to Regular Savings Rate if average daily balance falls below minimum balance any day of the month. Minimum average balance of $5,000 to open account, qualify for rate and avoid service fees.
Above accounts annual percentage yield is based on monthly compounding of interest, except for Regular Savings, which is quarterly compounding of interest. Interest compounded and paid monthly on last day of statement cycle. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). Fees could reduce the earnings on the above accounts. Rates are subject to change without notice. Rates may change once account is opened.
Certificates of Deposit
Automatically renewable. Other than noted, rate remains the same through-out the investment period. $1,000 minimum deposit to open (unless otherwise noted) and receive stated APY.
| Term | APY | Interest Rate |
|---|---|---|
| 3 Month | .03% | .03% |
| 6 Month | .03% | .03% |
| 12 Month | .20% | .20% |
| 18 Month | .20% | .20% |
| 24 Month | .30% | .30% |
| 30 Month | .35% | .35% |
| 36 Month | .45% | .45% |
| 48 Month | .65% | .65% |
| 60 Month | .80% | .80% |
Early encashment of any of the above certificates of deposit investments may result in a substantial penalty. Annual percentage yield (APY) for above certificate of deposit investments is based on semi-annual compounding of interest. APY for 7-31 day, 3 month and 6 month CD’s is compounded at term completion. Rates are subject to change without notice.
Health Savings Account
HSA’s are available with a high deductible health plan. Visit one of our personal bankers for additional information about how they work and tax benefits.
Business Funds Management Savings**
| Minimum Balance to Obtain APY | APY | Interest Rate | Method of Compounding |
|---|---|---|---|
| $25,000-$49,999 | .10% | .10% | Monthly |
| $50,000-$99,999 | .10% | .10% | Monthly |
| $100,000-$249,999 | .10% | .10% | Monthly |
| $250,000-$499,999 | .10% | .10% | Monthly |
| $500,000-$799,999 | .10% | .10% | Monthly |
| $800,000-$1,499,999 | .10% | .10% | Monthly |
| $1,500,000 + | .10% | .10% | Monthly |
**If average daily balance falls below minimum balance the rate will convert to .10% APY and you will be charged a minimum balance maintainance fee of $15.00 every month.
Education Savings*
| Minimum Balance to Obtain APY | APY | Interest Rate | Method of Compounding |
|---|---|---|---|
| $500 | 4.33% | 4.25% | Monthly |
*Deposits can be added at any time. No withdrawals allowed prior to the age of 18. Rates may change once account is opened. The account type must be changed or the account closed when the beneficiary attains age 21.
Rate is 2.50% under prime; Maximum of 5.00% & minimum of 1.00%.
Interest Checking
For personal accounts only. No monthly fees.
| Minimum Balance to Obtain APY | APY | Interest Rate | Method of Compounding |
|---|---|---|---|
| $500-$9,999 | .03% | .03% | Monthly |
| $10,000+ | .05% | .05% | Monthly |
$5 fee if balance drops below $500.
Grand Checking
For personal accounts of people age 50 or older. No minimum balance or monthly fees.
| Minimum Balance to Obtain APY | APY | Interest Rate | Method of Compounding |
|---|---|---|---|
| $0-$9,999 | .03% | .03% | Monthly |
| $10,000+ | .05% | .05% | Monthly |
Rates increase at $10,000.
Business Interest Checking
No monthly fees.
| Minimum Balance to Obtain APY | APY | Interest Rate | Method of Compounding |
|---|---|---|---|
| $2,500-$24,999 | .03% | .03% | Monthly |
| $25,000-$49,999 | .03% | .03% | Monthly |
| $50,000-$99,999 | .05% | .05% | Monthly |
| $100,000+ | .10% | .10% | Monthly |
$5 fee if balance drops below $500.
Above accounts annual percentage yield is based on monthly compounding of interest, except for Regular Savings, which is quarterly compounding of interest. Interest compounded and paid monthly on last day of statement cycle. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). Fees could reduce the earnings on the above accounts. Rates are subject to change without notice. Rates may change once account is opened.