Interest Rates

Effective Date:  11/22/2011.

CERTIFICATE OF DEPOSIT ¹

 

 

Minimum Amount to Obtain APY 2	Term	Current Rate	Annual Percentage Yield
$500.00	3 months	0.10	0.10
$1,000.00	6 months	0.12	0.12
$1,000.00	1 year	0.17	0.17
$1,000.00	2 year	0.60	0.60
$1,000.00	3 year	1.00	1.00
$1,000.00	5 year	1.60	1.61

 
 

1    Penalty for early withdrawal. 2    Current rates may vary.

	Minimum Balance 3	Current Rate	Annual Percentage Yield
Statement Savings 4, 5,6	$50.00	0.07	0.07
Money Market Checking 4, 5,6	$2,500.00	0.10	0.10
NOW Checking 4, 5,6	$1,000.00	0.07	0.07

 

3    Minimum balance required to obtain APY. 4    Fees may reduce earnings. 5    Current rates may vary. 6   The rate may change after the account is opened.

IRA ACCOUNTS ⁷   

 

	Minimum Amount to Obtain APY8	Current Rate	Annual Percentage Yield
2 Year Certificate	$1,000.00	0.60	0.60
5 Year Certificate	$1,000.00	1.60	1.61

 
 

7    Penalty for early withdrawal. 8   Current rates may vary.

 

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All funds in a “non-interest bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “non-interest bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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