RateS

Rates and Annual Percentage Yields (APY) are effective as of 10-01-18. These rates are not guaranteed and are subject to change without notice.

Savings - Statement

Minimum Balance To OpenMinimum Balance To Earn InterestMinimum Balance To Avoid Fee1Minimum BalanceInterest RateAnnual Percentage Yield3,4,5Compounding Frequency
$100   $100 Below $100 No Interest No Interest Daily
  $100   $100+ 0.15 % 0.15 % Daily

Money Market Account

Minimum Balance To OpenMinimum Balance To Earn InterestMinimum Balance To Avoid Fee2Minimum BalanceInterest RateAnnual Percentage Yield3,4,5Compounding Frequency
$2,500   $1,000 below $1,000 No Interest No Interest Quarterly
  $1,000   $1,000-$2,499 0.10 % 0.10 % Quarterly
      $2,500-$9,999 0.25 % 0.25 % Quarterly
      $10,000 + 0.75 % 0.75 % Quarterly

Certificates of Deposits & Individual Retirement Accounts (IRAs)6,7,8

Term of DepositMinimum Balance
To Open
Interest
Rate
Annual Percentage
Yield3
Compounding
Frequency
3 Month $1,000 0.75 % 0.75 % Simple
6 Month $1,000 1.00 % 1.00 % Quarterly
9 Month $1,000 1.24 % 1.25 % Quarterly
12 Month $1,000 1.49 % 1.50 % Quarterly
15 Month *Special* $1,000 2.23 % 2.25 % Quarterly
18 Month $1,000 1.64 % 1.65 % Quarterly
20 Month $1,000 1.69 % 1.70 % Quarterly
24 Month $1,000 1.73 % 1.75 % Daily
30 Month $1,000 1.78 % 1.80 % Daily
36 Month *Special* $1,000 2.96 % 3.00 % Daily
48 Month $1,000 1.98 % 2.00 % Daily
60 Month $1,000 2.03 % 2.05 % Daily
72 Month $1,000 2.13 % 2.15 % Daily

1 The monthly service charge fee for Savings if account balance falls below $100 any month is $2 per month.
2 The monthly service charge fee for Money Market Account if account balance falls below $1,000 any month is $2 per month.
3 The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal or any fees will reduce earnings.
4 Variable Interest Rate; interest rate is subject to change. Daily earned interest is based on the corresponding rate for the various tiers the daily balance falls within.
5 Interest begins to accrue on noncash items (for example checks) the business day you deposit the item(s).
6 Certificate of Deposit and IRA penalties for early withdrawal: A penalty equal to one half of the term's interest will be charged to your account.
7 Certificates of Deposit and IRAs earn a fixed interest rate and no additional deposits can be made until maturity.
8 Certificates of Deposit and IRAs will automatically renew at the current rate paid on the particular term. A previous “Special” will automatically renew at the current rate paid on the particular term; term’s current rate may no longer be “Special” rate. Grace periods: CD Term 3 months through 12 months – Grace period of 7 days will be granted; CD Term over 12 months - Grace period of 10 days will be granted.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 

 

 

 

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