Rates
Interest Rate Schedule
Deposit Accounts
As of November 1, 2023
INTEREST IS EARNED FROM DAY OF DEPOSIT TO DAY OF WITHDRAWAL
Passbook Savings
Interest is computed daily and credited quarterly.
TERMS | APR | APY* |
Minimum Balance of $100 to earn interest | 1.00%
| 1.00%
|
Money Market Account
Interest is computed daily and credited quarterly. Minimum Balance of $100 to earn interest.
TERMS
| APR | APY* |
Balances $100 up to $999 | 1.25% | 1.25%
|
Balances $1000 up to $24,999 | 1.50%
| 1.50%
|
Balances $25,000 up to 49,999 | 1.75%
| 1.75% |
Balances $50,000 and over | 2.00%
| 2.00%
|
Certificates Of Deposit
Interest is compounded daily and credited quarterly.
TERMS | APR | APY* |
6 Months | 3.4403% | 3.50% |
12 Months | 4.2104% | 4.30% |
18 Months | 3.7837% | 3.85% |
24 Months | 3.6816% | 3.75% |
36 Months | 3.6816% | 3.75% |
48 Months | 3.7837% | 3.85% |
60 Months | 3.8802% | 3.95% |
*-Annual Percentage Yield is the earnings if the total amount remains on deposit for one year at the same rate.
All Certificates of Deposit will automatically renew upon maturity for the same term at the then prevailing rate. You are granted a grace period of 7 calendar days after maturity to close your certificate without penalty. You will earn interest from the date of maturity to the date the certificate is closed.
Rates are subject to change without notice. Certificates of Deposit carry a penalty for early withdrawal. Minimum certificate deposit is $500.00, excepting a CD Special where the minimum amount is $10,000. Passbook and Money Market accounts require a minimum balance of $100 to open but do not require that a minimum balance be maintained. However, a minimum balance of $100 is required to collect interest.