Current Deposit Rates

Deposit Rates Effective Date 11/01/2018

Checking

Type / TermMinimum BalanceInterest RateAnnual Percentage Yield
NOW Accounts$5000.05%0.05%
Money Market Checking$1,000 0.05%0.05%

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Savings

Type / TermMinimum BalanceInterest RateAnnual Percentage Yield    
Passbook/Statement$50.000.10%0.10%
Youth Savings-18 & undernone0.10%0.10%
Club Savingsnone0.10%0.10%
Money Market Investment
(other than Municipal accounts)
$1,000.00 0.15%0.15%
$10,000.00 0.15%0.15%
$25,000.00 0.20%0.20%
$50,000.00 0.30%0.30%
$250,000.00 0.35%0.35%

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Certificates of Deposit (CD)

Type/TermMinimum BalanceInterest 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****$10,000.002.30%2.33%
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 0.50%0.50%
18 Month CD $1,000.00 0.60%0.60%
24 Month CD $1,000.00 0.85%0.85%
30 Month CD $1,000.00 1.00%1.01%
36 Month CD $1,000.00 1.10%1.11%
48 Month CD $1,000.00 1.25%1.26%
60 Month CD $1,000.00 1.60%1.61%
Jumbo CDs $100,000.00 Call for current rates and terms

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Individual Retirement Accounts (IRA)

Type / TermMinimum Balance Interest RateAnnual Percentage Yield  
Variable IRA **$2500.35%0.35%
Fixed IRA ***$1,000 ******
- Penalty for early withdrawals (including substantial tax penalties on IRAs)
- 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.