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Deposit Rates
Deposit Rates
Effective: January 1, 2019
VARIABLE RATE CHECKING ACCOUNTS
Personal Checking
Accounts
Product
|
Minimum Deposit
to open account
|
Minimum Daily Balance
Required to Earn Stated APY
|
Interest
Rate
|
Annual Percentage
Yield (APY)
|
Now Checking
|
$750.00
|
$750.00
|
.20%
|
.20%
|
Golden Club
|
$100.00
|
$750.00
|
.30%
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.30%
|
Money Market
|
$1000.00
|
$0-$999.99
$1,000.00-$24,999.99
$25,000.00-$99,999.99
$100,000.00 OR MORE
|
-0-
.50%
.75%
1.00%
|
-0-
.50%
.75%
1.00%
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Business Checking
Accounts
Product
|
Minimum Deposit
to Open Account
|
Minimum Daily Balance
Required to Earn Stated APY
|
Interest
Rate
|
Annual PercentageYield (APY)
|
Money Market |
$1,000.00
|
$0-$999.99
|
-0-
|
-0-
|
|
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$1,000.00-$24,999.99
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.50%
|
.50%
|
|
|
$25,000.00-$99,999.99
|
.75%
|
.75%
|
|
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$100,000.00 OR MORE
|
1.00%
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1.00%
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***For variable rate accounts, the rate may change after the account is opened, fees could reduce the earnings on the account.
VARIABLE RATE SAVINGS ACCOUNTS
Product
|
Minimum Deposit
to Open Account
|
Minimum Daily Balance
Required to Earn Stated APY
|
Interest
Rate
|
Annual PercentageYield (APY)
|
Passbook Savings
|
$100.00
|
$100.00
|
.25%
|
.25%
|
Christmas Club
|
$5.00
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-0-
|
.25%
|
.25%
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Certificates of Deposit (CD)
Product
|
Minimum Deposit
to Open Account
|
Minimum Daily Balance
Required to Earn Stated APY
|
InterestRate
|
Average PercentageYield (APY)
|
91 Day Certificate
|
$5,000.00
|
$5,000.00
|
.25%
|
.25%
|
91 Day Cert. (JUMBO)
|
$95,000.00
|
$95,000.00
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.25%
|
.25%
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182 Day Certificate
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$2,500.00
|
$2,500.00
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.60%
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.60%
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182 Day Cert. (JUMBO)
|
$95,000.00
|
$95,000.00
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.70%
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.70%
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12 Month Certificate
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$1,000.00
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$1,000.00
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.70%
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.70%
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12 Month Cert. (JUMBO)
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$95,000.00
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$95,000.00
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.80%
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.80%
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18 Month Certificate
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$1,000.00
|
$1,000.00
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.75%
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.75%
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30 Month Certificate
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$1,000.00
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$1,000.00
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.90%
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.90%
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36 Month Certificate
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$1,000.00
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$1,000.00
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1.00%
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1.00%
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60 Month Certificate
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$1,000.00
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$1,000.00
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2.40%
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2.43%
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IRA Certificate
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$200.00
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$200.00
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.75%
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.75%
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SPECIAL RATES: MIN. DEPOSIT MIN. BALANCE INTEREST RATE APY
27 Month Certificate $1,000.00 $1,000.00 2.80% 2.83%
***Substantial penalty for early withdrawl.
***Monthly interest checks are available for CDs of $25,000 AND OVER.
***Monthly compounding is available for CDs OF $95,000 AND OVER.
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