INTEREST RATES AND APY EFFECTIVE AND ACCURATE ON November 15, 2024: Interest rates updated on 11/15/2024 at 7:30 AM
Passbook Savings
Minimum Balance to Open is $50.00. Interest Compounds Quarterly.
| Balance From | Interest Rates | APY |
|---|---|---|
| UP TO - $9,999.99 | 0.15% | 0.15% |
| $10,000.00 to $24,999.99 | 0.15% | 0.15% |
| $25,000.00 to $49,999.99 | 0.15% | 0.15% |
| $50,000.00 - AND OVER | 0.15% | 0.15% |
Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change after the account is opened.
APY: The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
NOW Accounts
Minimum Balance to Open is $1,000.00. Interest is compounded monthly.
| Balance From | Interest Rates | APY |
|---|---|---|
| UP TO - $2,499.99 | 0.05% | 0.05% |
| $2,500.00 - $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - AND OVER | 0.05% | 0.05% |
Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change after the account is opened.
APY: The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
Certificates of Deposit
Initial Interest Rate Is In Effect Until First Maturity
*CD Rates and APY effective and accurate on November 15, 2024: Interest rates updated 11/15/24
| Term | Interest Rates | MInimum | APY | Interest Credited/Compounded | Grace Days | Early Withdrawal Penalty |
|---|---|---|---|---|---|---|
| 3 Months | 0.50% | $2,500.00 | 0.50% | Quarterly | 10 | 1 Month Interest |
| 6 Months | 4.30% | $2,500.00 | 4.37% | Quarterly | 10 | 1 Month Interest |
| 12 Months | 4.00% | $500.00 | 4.06% | Quarterly | 10 | 1 Month Interest |
| 24 Months | 3.25% | $500.00 | 3.29% | Quarterly | 10 | 3 Month Interest |
| 36 Months | 3.10% | $500.00 | 3.14% | Quarterly | 10 | 3 Month Interest |
| 48 Months | 3.15% | $500.00 | 3.19% | Quarterly | 10 | 3 Month Interest |
| 60 Months | 3.00% | $5,000.00 | 3.03% | Quarterly | 10 | 9 Month Interest |
Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change after the account is opened.
APY: The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.
METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.
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