Savings Rates
Any annual percentage yield and interest rate shown below is effective as of: November 7, 2008. For more information, please call 800-461-0672.
Rates subject to change at Management's Discretion.
Bonus Tiered MMDA Based on Balance* |
Interest
Rate |
Annual
Percentage Yield |
$0-$4,999.99 |
0.00% |
0.00% |
$5,000-$24,999.99 |
0.80% |
0.80% |
$25,000-$49,999.99 |
0.85% |
0.85% |
$50,000-$149,999.99 |
0.90% |
0.90% |
$150,000-$999,999.99 |
1.00% |
1.00% |
$1,000,000 & Over |
1.045% |
1.05% |
CD and IRA Accounts |
Interest
Rate |
Annual
Percentage Yield |
Early Withdrawal
Penalty |
3 Mo CD & IRA |
1.49% |
1.50% |
30 Days Interest |
6 Mo CD & IRA |
2.13% |
2.15% |
90 Days Interest |
9 Mo CD & IRA |
2.47% |
2.50% |
90 Days Interest |
1 Yr CD & IRA |
2.275% |
2.30% |
90 Days Interest |
18 Mo CD & IRA |
2.325% |
2.35% |
180 Days Interest |
20 Mo Guaranteed CD** |
2.96% |
3.00% |
180 Days Interest |
2 Yr CD & IRA |
3.10% |
3.15% |
180 Days Interest |
3 Yr CD & IRA |
3.44% |
3.50% |
180 Days Interest |
4 Yr CD & IRA |
3.68% |
3.75% |
180 Days Interest |
5 Yr CD & IRA |
3.92% |
4.00% |
180 Days Interest |
Checking, Savings, and Basic MMDAs |
Interest
Rate |
Annual
Percentage Yield |
Interest Checking - Consumer |
0.25% |
0.25% |
Interest Checking - Sole Proprietor |
0.25% |
0.25% |
Basic Money Market Account - Consumer |
0.60% |
0.60% |
Basic Money Market Account - Business |
0.60% |
0.60% |
Statement Savings |
0.50% |
0.50% |
Passbook Savings |
0.40% |
0.40% |
Christmas Club |
0.25% |
0.25% |
Consumer Tiered MMDA Based on Balance |
Interest
Rate |
Annual
Percentage Yield |
$0-$4,999.99 |
0.00% |
0.00% |
$5,000-$24,999.99 |
0.60% |
0.60% |
$25,000-$49,999.99 |
0.70% |
0.70% |
$50,000-$149,999.99 |
0.75% |
0.75% |
$150,000-$999,999.99 |
0.80% |
0.80% |
$1,000,000 & Over |
0.85% |
0.85% |
Health Savings Account |
Interest
Rate |
Annual
Percentage Yield |
$0-$999.99 |
0.60% |
0.60% |
$1,000-$2,499.99 |
0.70% |
0.70% |
$2,500-$4,999.99 |
1.24% |
1.25% |
$5,000-$14,999.99 |
1.49% |
1.50% |
$15,000 & Over |
1.73% |
1.75% |
Business Tiered MMDA Based on Balance |
Interest
Rate |
Annual
Percentage Yield |
$0-$4,999.99 |
|
|
$5,000-$24,999.99 |
0.60% |
0.60% |
$25,000-$49,999.99 |
0.70% |
0.70% |
$50,000-$149,999.99 |
0.75% |
0.75% |
$150,000-$999,999.99 |
0.80% |
0.80% |
$1,000,000 & Over |
0.85% |
0.85% |
Business MMDA Sweep |
Interest
Rate |
Annual
Percentage Yield |
$0-$24,999.99 |
0.55% |
0.55% |
$25,000-$49,999.99 |
0.60% |
0.60% |
$50,000-$99,999.99 |
0.65% |
0.65% |
$100,000 & Over |
0.70% |
0.70% |
* Bonus Money Market is only available to customers with Bonus Checking.
**You will not be allowed to make additional deposits to the Guaranteed CD upon its first renewal date. Not available for IRAs.
REPO rates are available. New customers may call us for REPO rates. Existing customers may call or log on to their internet account to access current rates.
Fees may reduce earnings. All types of CDs will have interest compounded on a daily basis from the day of deposit to day of withdrawal. Interest will be credited monthly. All types of CDs require a minimum deposit of $500.00 to be opened and to earn interest. Passbook (Psbk), Statement Savings (Stmt Saving), and MMDA do not have a minimum deposit to open. Psbk/Stmt Saving has a $10 minimum to earn Annual Percentage Yield. MMDA has a $20.00 minimum to earn Annual Percentage Yield.
Balance Computation Method/Daily Balance Method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit.
Withdrawal of Interest Prior to Maturity
Interest credited may be withdrawn prior to maturity without penalty. The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Renewal Policy
The 9 month CD will automatically reinvest into a 1 Year CD.
The 20 month Certificate of Deposit will automatically reinvest into a 20 Month CD
at the end of its first term and then a 2 Year CD at the end of its second term.
All other Certificates of Deposit will automatically reinvest at maturity for the same term at the rate in effect on that date. The grace period for this account is ten (10) calendar days.
Certificates of Deposit Transaction Restrictions
After the account is opened, you may not make deposits into nor withdrawals of principal from this account until the maturity date without substantial penalty. To obtain the Annual Percentage Yield disclosed, principal and interest must remain on deposit for 365 days at the nominal rate of interest.
Definitions of Terms
"Annual Percentage Yield" is the percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.
"Principal" is the amount of funds assumed to have been deposited at the beginning of the account.
"Interest" is the total dollar amount of interest earned on the principal for the term of the account.
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