Rates

Interest Rates and Annual Percentage Yields (APY) are current as of . All stated rates are subject to change at any time.

Checking - Simply Interest

Minimum Balance To Earn InterestMinimum BalanceInterest RateAnnual Percentage Yield 3,4,5Compounding Frequency
  Below $1,000 No Interest No Interest Daily
$1,000 $1,000 - $7,499 0.15% 0.15% Daily
  $7,500 - $14,999 0.30% 0.30% Daily
  $15,000 -$249,999 0.40% 0.40% Daily
  $250,000 + 0.01% 0.01% Daily

 

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+ 0.05 % 0.05 % Daily

Money Market Statement 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 $5,000 No Interest No Interest Daily
  $5,000   $5,000-$49,999 0.10 % 0.10 % Daily
      $50,000-$99,999 0.15 % 0.15 % Daily
      $100,000 + 0.30 % 0.30 % Daily

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 0.10 % 0.10 % Simple
6 Month $1,000 0.10 % 0.10 % Quarterly
9 Month $1,000 0.15 % 0.15 % Quarterly
12 Month  $1,000 0.20 % 0.20 % Quarterly
18 Month $1,000 0.30 % 0.30 % Quarterly
20 Month *Special* $1,000 0.40 % 0.40 % Quarterly
24 Month  $1,000 0.35 % 0.35 % Daily
36 Month $1,000 0.50 % 0.50 % Daily
48 Month *Special* $1,000 0.80 % 0.80 % Daily
60 Month $1,000 0.75 % 0.75 % Daily
72 Month $1,000 0.99 % 1.00 % 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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