Effective: 8/5/2022
Certificates of Deposit
| Term | Interest Rate | APY* | Minimum to Open and Obtain APY |
|---|---|---|---|
| 3 Month | 0.10% | 0.10% | $1000 |
| 6 Month | 0.15% | 0.15% | $1000 |
| 12 Month | 0.20% | 0.20% | $500 |
| 18 Month | 0.83% | 0.85% | $500 |
| 18 Month Ascending "Bump-Up" (Not Available for IRAs) | 1.76% | 1.80% | $500 |
| 24 Month | 0.88% | 0.90% | $500 |
| 36 Month | 1.71% | 1.75% | $500 |
| 48 Month | 0.98% | 1.00% | $500 |
| 60 Month | 1.03% | 1.05% | $500 |
*APY = Annual Percentage Yield. Penalty may be applied for early withdrawal.
Certificate terms for 6 months and above are available for IRA accounts excluding the 18 month ascending rate.
For IRAs consult your tax advisor.
Money Market Checking and Tiered Statement Savings
| Checking and Savings Accounts | Interest Rate | APY* | Minimum Opening Balance | Minimum to Obtain APY |
|---|---|---|---|---|
| Money Market Checking** | 0.10% | 0.10% | $1000 | $5.00 |
| Tiered Statement Savings | $5.00 | |||
| 0.05% | 0.05% | $0.00 - $999.99 | ||
| 0.05% | 0.05% | $1,000.00 - $24,999.99 | ||
| 0.05% | 0.05% | $25,000.00 - $49,999.99 | ||
| 0.10% | 0.10% | $50,000.00 - $99,999.99 | ||
| 0.10% | 0.10% | $100,000.00 - $149,999.99 | ||
| 0.15% | 0.15% | $150,000.00 and over |
Tiered Statement IRA Savings accounts are also available as the same as the Tiered Statement Savings.
*APY — Annual Percentage Yield. Fees may reduce earnings.
**Money Market Checking – a maintenance charge of $5.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $1,000.00, Minimum check amount $250.00. Money Market Checking and statement savings are variable rate accounts; rates are subject to change at any time at our discretion and may change after account opening. Minimum to open is $5.00.
Amendment to transaction limitations: effective 5/1/20, the Board of Governors of the Federal Reserve System have amended its Regulation D to allow depository institutions to immediately suspend enforcement of the six-per-month transfer limitation from savings deposits. Until further notice, your Money Market account will not be subject to these transaction limitations per month or statement cycle.
