Rates
annual percentage yield (apy) effective september 22, 2023.
in-house specials - certificates of deposit
| term | minimum deposit to open account* | interest rate | annual percentage yield (apy)* |
| 7 month | $5,000 | 4.80% | 4.89%
|
| 11 month
|
$5,000
|
5.00%
|
5.10%
|
| 22 month
|
$5,000
|
4.50%
|
4.58%
|
certificates of deposit (cds)
| Term
|
Minimum Deposit to Open Account*
|
Interest Rate
|
Annual Percentage Yield (APY)*
|
| 30 day
|
$2,500
|
0.05%
|
0.05%
|
| 91 day
|
$2,500
|
0.05%
|
0.05%
|
| 6 month
|
$2,500
|
0.15%
|
0.15%
|
| 12 month
|
$1,000
|
0.25%
|
0.25%
|
| 18 month
|
$1,000
|
0.30%
|
0.30%
|
| 24 month
|
$1,000
|
0.50%
|
0.50%
|
| 30 month
|
$1,000
|
0.75%
|
0.75%
|
| 36 month
|
$1,000
|
1.25%
|
1.26%
|
| 42 month
|
$1,000
|
1.50%
|
1.51%
|
| 48 month
|
$1,000
|
1.75%
|
1.76%
|
| 60 month
|
$1,000
|
2.00%
|
2.02%
|
| growing tree 24 month**
|
$100
|
0.50%
|
0.50%
|
individual retirement accounts (iras)
| term | minimum deposit to open account* | interest rate | annual percentage yield (apy)* |
| 12 month | $2,500 | 0.25% | 0.25% |
| 18 month | $2,500 | 0.30% | 0.30% |
| 24 month | $2,500 | 0.50% | 0.50% |
| 30 month | $2,500 | 0.75% | 0.75% |
| 36 month | $2,500 | 1.25% | 1.26% |
| 42 month | $2,500 | 1.50% | 1.51% |
Interest on CDs and IRAs accrue daily and is compounded quarterly.
* the minimum to open is the minimum balance to obtain the APY.
** additional deposits can be made anytime in increments of $25.
a penalty may be imposed for early withdrawal. call or visit a customer service representative for more details.
money market deposit account (mmda)*
minimum deposit to open account $2,500
| Tier
|
Amount
|
Rate
|
APY
|
| 1
|
$1,000 - $2,499.99
|
0.02%
|
0.02%
|
| 2
|
$2,500 - $19,999.99
|
0.02%
|
0.02%
|
| 3
|
$20,000 - $49,999.99
|
0.05%
|
0.05%
|
| 4
|
$50,000 and over
|
0.10%
|
0.10%
|
$1,000 minimum to earn interest. interest accrues daily and is compounded monthly.
NOW accounts*
| | minimum deposit to open account | rate | apy |
| now | $500 | 0.01% | 0.01% |
| safekeeping now | $500 | 0.01% | 0.01% |
$1,000 minimum to earn interest. interest accrues daily and is compounded monthly.
Savings Account*
| | minimum deposit to open account | rate | apy |
| statement savings | $100 | 0.05% | 0.05% |
| christmas club | $5 | 0.05% | 0.05% |
$250 minimum for Statement Savings to earn interest. interest accrues daily and is compounded quarterly.
$5 minimum for Christmas Club to earn interest. Interest accrues daily and compounded annually.
* the interest rate varies and may change after the account is opened.
* fees could reduce the earnings on an account.
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