| Interest Rates Effective October 5, 2011 | |||||||
| All Interest Rates Subject to change at any time |
| CHECKING ACCOUNTS | |||||||
|
Checking Plan |
Interest Rate |
Compounding Method |
APY* |
**Rate Changes |
Minimum to Open |
Service Charges |
Minimum to Waive Service Charges |
| Safety Checking | None | None | None | None | $50 | $2/month & $0.15/item | $500 |
| Check & Earn | 0.10% | Daily | 0.10% | Variable | $50 | $2/month & $0.15/item | $1,000 |
| Variable Rate | 0.15% | Daily | 0.15% | Variable | $500 | $2/month & $0.15/item | $2,500 |
*APY = Annual Percentage Yield
| SAVINGS ACCOUNTS | |||||||
|
Savings Plan |
Interest Rate |
Compounding Method |
APY* |
**Rate Changes |
Maturity Period |
Minimum to Open |
Penalty Provision |
| Regular Savings | 0.10% | Daily | 0.10% | Variable | None | $50 | None |
| Variable Rate Savings | 0.50% | Daily | 0.50% | Variable | None | $1,000 | None |
| Christmas Club | 0.10% | Daily | 0.10% | Variable | October | $5/week | None |
*APY = Annual Percentage Yield
| CERTIFICATES OF DEPOSIT (Less than $100,000) | |||||||
|
Account Type |
Interest Rate |
Compounding Method |
APY* |
**Rate Changes |
Maturity Period |
Minimum Balance |
Penalty Provision |
| 3 Month CD | 0.10% | Simple | 0.10% | Fixed | 3 Months | $1,000 | 90 Days |
| 6 Month CD | 0.25% | Simple | 0.25% | Fixed | 6 Months | $1,000 | 90 Days |
| 12 Month CD | 0.40% | Daily | 0.40% | Fixed | 12 Months | $1,000 | 90 Days |
| 13 Month BONUS | 0.65% | Daily | 0.65% | Fixed | 13 Months | $5,000 | 90 Days |
| 24 Month CD | 0.75% | Daily | 0.75% | Fixed | 24 Months | $1,000 | 90 Days |
| 25 Month BONUS | 0.85% | Daily | 0.85% | Fixed | 25 Months | $5,000 | 90 Days |
| 36 Month CD | 1.04% | Daily | 1.05% | Fixed | 36 Months | $1,000 | 180 Days |
| 37 Month BONUS | 1.24% | Daily | 1.25% | Fixed | 37 Months | $5,000 | 180 Days |
| 48 Month CD | 1.29% | Daily | 1.30% | Fixed | 48 Months | $1,000 | 180 Days |
| 60 Month CD | 1.98% | Daily | 2.00% | Fixed | 60 Months | $1,000 | 180 Days |
| *APY = Annual Percentage Yield | Terms for Jumbo CDs $100,000 and over are individually quoted on request. |
| **On Variable rate accounts the interest rate and APY may change after the account is opened as detailed in the TIS Disclosure. | |
| For more details please ask for a Truth in Savings (TIS) Disclosure form on any of the accounts shown above. | |
| NOTE: Earnings may be reduced by fees levied for various services |
|
EARLY WITHDRAWAL PENALTY: The accountholder is required to maintain the Principal Balance for the contracted term. If any principal is withdrawn before a maturity date, the following penalty shall apply. The account holder shall forfeit interest for the penalty provision days on the amount withdrawn at the nominal (simple) interest rate then in effect, regardless of the amount of time the funds withdrawn have been on deposit. The penalty shall be waived on proper request in the event of death or judicially declared incompetency of any Accountholder. On IRA accounts, there will be no penalty for propery elected retirement distributions. |
| Deposits now insured to $250,000 See FDIC Deposit Insurance Coverage Limits |
| Transaction Account Guarantee Program |
