Current Deposit Rates

Deposit Rates Effective Date 2/25/2020

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/Statementnone0.10%0.10%
Youth Savings-18 & undernone0.10%0.10%
Club Savingsnone0.10%0.10%
Money Market Investment
(other than Municipal accounts)
$1,000.00Minimum Balance to Earn APY
0.12%0.12% $1,000.00
0.12%0.12% $10,000.00
0.15%0.15% $25,000.00
0.20%0.20% $50,000.00
0.25%0.25% $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)$500.000.20%0.20%
1 Year-Renewal Once* $10,000.00 0.50%0.50%
27 Month CD****$10,000.001.95%1.97%
1 Month CD $1,000.00 0.20%0.20%
3 Month CD $1,000.00 0.30%0.30%
6 Month CD $1,000.00 0.35%0.35%
12 Month CD $1,000.00 0.40%0.40%
18 Month CD $1,000.00 0.45%0.45%
24 Month CD $1,000.00 0.55%0.55%
30 Month CD $1,000.00 0.70%0.70%
36 Month CD $1,000.00 0.80%0.80%
48 Month CD $1,000.00 1.00%1.01%
60 Month CD $1,000.00 1.25%1.26%
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 **$2500.35%0.35%
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.