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Deposit Rates
Deposit Rates
Effective: January 1, 2021
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
|
0.10%
|
0.10%
|
|
Golden Club
|
$100.00
|
$750.00
|
0.15%
|
0.15%
|
|
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-
0.10%
0.20%
0.35%
|
-0-
0.10%
0.20%
0.35%
|
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-
|
|
|
|
$1,000.00-$24,999.99
|
0.10%
|
0.10%
|
|
|
|
$25,000.00-$99,999.99
|
0.20%
|
0.20%
|
|
|
|
$100,000.00 OR MORE
|
0.35%
|
0.35%
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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
|
0.10%
|
0.10%
|
|
Christmas Club
|
$5.00
|
-0-
|
0.10%
|
0.10%
|
Certificates of Deposit (CD)
|
Product
|
Minimum Deposit
to Open Account
|
Minimum Daily Balance
Required to Earn Stated APY
|
Interest
Rate
|
Average PercentageYield (APY)
|
|
91 Day Certificate
|
$5,000.00
|
$5,000.00
|
0.15%
|
0.15%
|
|
91 Day Cert. (JUMBO)
|
$95,000.00
|
$95,000.00
|
0.20%
|
0.20%
|
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182 Day Certificate
|
$2,500.00
|
$2,500.00
|
0.20%
|
0.20%
|
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182 Day Cert. (JUMBO)
|
$95,000.00
|
$95,000.00
|
0.25%
|
0.25%
|
|
12 Month Certificate
|
$1,000.00
|
$1,000.00
|
0.30%
|
0.30%
|
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12 Month Cert. (JUMBO)
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$95,000.00
|
$95,000.00
|
0.35%
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0.35%
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17 Month Cert. (Special)
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$1,000.00
|
$1,000.00
|
0.40%
|
0.40%
|
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18 Month Certificate
|
$1,000.00
|
$1,000.00
|
0.35%
|
0.35%
|
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30 Month Certificate
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$1,000.00
|
$1,000.00
|
0.45%
|
0.45%
|
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36 Month Certificate
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$1,000.00
|
$1,000.00
|
0.50%
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0.50%
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60 Month Certificate
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$1,000.00
|
$1,000.00
|
0.80%
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0.80%
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IRA Certificate
|
$200.00
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$200.00
|
0.35%
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0.35%
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***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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