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.
>