Current Deposit Rates

Deposit Rates Effective Date 3/17/2020

Checking

Type / TermMinimum Balance to OpenInterest RateAnnual Percentage Yield
Money Market Checking$1,000 0.05%0.05%

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Savings

Type / TermMinimum Balance to OpenInterest RateAnnual Percentage Yield    
Passbook/Statementnone0.05%0.05%
Youth Savings-18 & undernone0.05%0.05%
Club Savingsnone0.05%0.05%
Money Market Investment
(other than Municipal accounts)
$1,000.00Minimum Balance to Earn APY
0.05%0.05% $1,000.00
0.08%0.08% $10,000.00
0.10%0.10% $25,000.00
0.15%0.15% $50,000.00
0.20%0.20% $250,000.00

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Certificates of Deposit (CD)

Type/TermMinimum Balance to Open and Earn APYInterest RateAnnual Percentage Yield  
Starter CD (1 year)$500.000.15%0.15%
1 Year-Renewal Once* $10,000.00 0.40%0.40%
1 Month CD $1,000.00 0.15%0.15%
3 Month CD $1,000.00 0.20%0.20%
6 Month CD $1,000.00 0.25%0.25%
12 Month CD $1,000.00 0.30%0.30%
18 Month CD $1,000.00 0.35%0.35%
24 Month CD $1,000.00 0.40%0.40%
30 Month CD $1,000.00 0.50%0.50%
36 Month CD $1,000.00 0.65%0.65%
48 Month CD $1,000.00 0.75%0.75%
60 Month CD $1,000.00 1.00%1.01%
Jumbo CDs $100,000.00 Call for current rates and terms

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Individual Retirement Accounts (IRA)

Type / TermMinimum Balance to Open and Earn APYInterest RateAnnual Percentage Yield  
Variable IRA **$2500.25%0.25%
Fixed IRA ***$1,000 ******
- Penalty for early withdrawals (including substantial tax penalties on IRAs), consult your tax advisor.
- Fees could reduce earnings
- Interest is compounded daily.
* Guaranteed renewable once at the same rate or higher.
** Variable rate tied to 6 month CD rate; may change at any time determined by the Bank at our discretion.
*** Same as the term selected from the CDs listed of one year or longer.
****Non-public institutions only. New money only, funds currently on deposit are not eligible for the promotional rate.