INTEREST RATES AND YIELDS EFFECTIVE AND ACCURATE ON November 29, 2021: Rates updated on 11/29/2021 at 7:30:00 AM
Passbook Savings
Minimum Balance to Open is $50.00. Interest Compounds Quarterly.
| Balance From | Interest Rates | APY |
|---|---|---|
| UP TO - $9,999.99 | 0.15% | 0.15% |
| $10,000.00 to $24,999.99 | 0.15% | 0.15% |
| $25,000.00 to $49,999.99 | 0.15% | 0.15% |
| $50,000.00 - AND OVER | 0.15% | 0.15% |
Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: 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 no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
NOW Accounts
Minimum Balance to Open is $1,000.00. Interest is compounded monthly.
| Balance From | Interest Rates | APY |
|---|---|---|
| UP TO - $2,499.99 | 0.05% | 0.05% |
| $2,500.00 - $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - AND OVER | 0.05% | 0.05% |
Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.
APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: 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 no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
Certificates of Deposit
Initial Interest Rate Is In Effect Until First Maturity
| Term | Interest Rates | MInimum | APY | Interest Credited/Compounded | Grace Days | Early Withdrawal Penalty |
|---|---|---|---|---|---|---|
| 3 Months | 0.10% | $2,500.00 | 0.10% | Quarterly | 10 | 1 Month Interest |
| 6 Months | 0.15% | $2,500.00 | 0.15% | Quarterly | 10 | 1 Month Interest |
| 12 Months | 0.20% | $500.00 | 0.20% | Quarterly | 10 | 1 Month Interest |
| 24 Months | 0.30% | $500.00 | 0.30% | Quarterly | 10 | 3 Month Interest |
| 36 Months | 0.45% | $500.00 | 0.45% | Quarterly | 10 | 3 Month Interest |
| 48 Months | 0.50% | $500.00 | 0.50% | Quarterly | 10 | 3 Month Interest |
| 60 Months | 0.65% | $5,000.00 | 0.65% | Quarterly | 10 | 9 Month Interest |
| 84 Months | 1.00% | $5,000.00 | 1.00% | Quarterly | 10 | 9 Month Interest |
APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: 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 non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
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