Rates
Interest Rates Effective July 01, 2013
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 0.10% Daily 0.10% 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 0.15% Daily 0.15% 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 0.09% Simple 0.09% Fixed 3 Months $1,000 90 Days
6 Month CD 0.15% Simple 0.15% Fixed 6 Months $1,000 90 Days
12 Month CD 0.25% Daily 0.25% Fixed 12 Months $1,000 90 Days
13 Month BONUS 0.30% Daily  0.30% Fixed 13 Months $5,000 90 Days
24 Month CD 0.40% Daily 0.40% Fixed 24 Months $1,000 90 Days
25 Month BONUS 0.55% Daily 0.55% Fixed 25 Months $5,000 90 Days
36 Month CD 0.50% Daily 0.50% Fixed 36 Months $1,000 180 Days
37 Month BONUS 0.65% Daily 0.65% Fixed 37 Months $5,000 180 Days
48 Month CD 0.75% Daily 0.75% Fixed 48 Months $1,000 180 Days
60 Month CD 0.90% Daily 0.90% 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 If any principal is withdrawn before a maturity date, the following penalty shall apply. The account holder shall forfeit interest for the penalty provision days on the amount withdrawn at the nominal (simple) interest rate then in effect, regardless of the amount of time the funds withdrawn have been on deposit.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
Expiration of Transaction Account Guarantee Program

 

 

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