Deposit Rates
Rates Effective as of October 1, 2008
|
| Certificates of Deposit | |||
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
Annual Percentage Yield
|
|
12 Month Variable Rate*, **
|
$5,000.00
|
2.00%
|
2.02%
|
|
91 Day CD*
|
$1,000.00
|
1.75%
|
1.76%
|
|
182 Day CD*
|
$1,000.00
|
2.00%
|
2.01%
|
|
12 Month CD*
|
$500.00
|
2.25%
|
2.27%
|
|
13-23 Month CD*
|
$500.00
|
2.25%
|
2.27%
|
|
24-35 Month CD*
|
$500.00
|
2.50%
|
2.52%
|
|
36-47 Month CD*
|
$500.00
|
2.75%
|
2.78%
|
|
48 Month CD*
|
$500.00
|
3.25%
|
3.29%
|
| Individual Retirement Accounts | |||
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
Annual Percentage Yield
|
|
18 Month IRA*
|
$50.00
|
2.25%
|
2.27%
|
|
48 Month IRA*
|
$1,000.00
|
3.25%
|
3.28%
|
| Money Market Deposit Accounts | |||
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
Annual Percentage Yield
|
|
Money Market Deposit Account**
|
Daily Balance of $2,500 and up
|
1.25%
|
1.26%
|
|
Money Market Deposit Account**
|
Daily Balance of $1,000.00**** - $2,499.99
|
1.00%
|
1.00%
|
| Minimum Opening Deposit $2,500.00 | |||
| NOW Accounts | |||
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
Annual Percentage Yield
|
|
NOW Account**
|
$1,000.00 ***Minimum balance to obtain interest
|
1.00%
|
1.01%
|
| Minimum Opening Deposit $1,000.00 | |||
| Savings Accounts | |||
|
Account Type
|
Minimum Deposit
|
Interest Rate
|
Annual Percentage Yield
|
|
Statement Savings**
|
$200.00
|
1.00%
|
1.01%
|
|
Christmas Club*
|
$5.00
|
1.00%
|
1.00%
|
|
*A penalty may be imposed for early withdrawal. **The interest rate and annual percentage yield may change after account opening. ***Daily balance. The amount of the principal in the account each day. ****A $1,000.00 minimum balance is required to obtain stated annual percentage yield. |