Deposit Rates

Deposit interest rates effective as of March 10, 2014

Certificates of Deposit
TermInterest RateA.P.Y.*Minimum Deposit to Open Account

91 Days

0.10

0.10

$2,500

182 Days

0.15

0.15

$2,500

12 Months

0.30

0.30

$300

18 Months

0.40

0.40

$300

24 Months

0.50

0.50

$300

36 Months

0.80

0.80

$300

48 Months

1.00

1.00

$300

11 Month SPECIAL

0.50

0.50

$1,000

24 Month SPECIAL

0.75

0.75

$1,000

48 Month SPECIAL

1.15 

 1.15

$1,000 

Withdrawal before maturity may be subject to penalty under law and may result in loss of principal to you.
*Annual Percentage Yield (A.P.Y.) based on quarterly compounding. A.P.Y. assumes interest remains on deposit. A.P.Y. is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings.

Interest Checking
Account LevelInterest RateA.P.Y.**Minimum Deposit to Open Account

Tier 1 ($1,000 - $24,999)

0.04

0.04

$1,000

Tier 2 ($25,000 - $99,999)

0.06

0.06

$1,000

Tier 3 ($100,000 & over)

0.08

0.08

$1,000

Money Market Accounts
Account LevelInterest RateA.P.Y.**Minimum Deposit to Open Account

Tier 1 ($0 - $9,999)

0.10

0.10

$2,500

Tier 2 ($10,000 - $24,999)

0.15

0.15

$2,500

Tier 3 ($25,000 - $99,999)

0.20

0.20

$2,500

Tier 4 ($100,000 - $499,999)

0.25

0.25

$2,500

Tier 5 ($500,000 - $999,999)

0.30

0.30

$2,500

Tier 6 ($1,000,00 & over)

0.30

0.30

$2,500

**Annual Percentage Yield (A.P.Y.) based on monthly compounding. A.P.Y assumes interest remains on deposit. A.P.Y. is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings. The interest rate and A.P.Y. is variable and may change.

 

Other Deposit Accounts
Account TypeInterest RateA.P.Y.***Minimum Deposit to Open Account

Statement Savings

0.08

0.08

$10 (under age 18)
$50 (18 and older)

Passbook Savings

0.08

0.08

$10 (under age 18)
$100 (18 and older)

Christmas Club

0.08

0.08

$5

HOPE Education

1.39

1.40

$10

IRA Passbook

0.65

0.65

$50

IRA 5-Year C.O.D

1.39

1.40

$300

***Annual Percentage Yield (A.P.Y.) based on quarterly compounding. A.P.Y assumes interest remains on deposit. A.P.Y. is determined based on the current rate and minimum deposit required to open account. Fees and/or withdrawal of interest will reduce earnings. The interest rate and A.P.Y. is variable and may change.