Rates
Effective as of 01/05/2022 (rates subject to change)
| Checking
|
Minimum Opening Deposit
|
Minimum Balancea
|
Interest Rate
|
APYb
|
| Regular Checking |
$200.00 |
$200.00c |
0.0% |
0.0% |
| Student/Senior Citizen |
$100.00 |
N/A |
0.0% |
0.0% |
| Now Checkingd |
$900.00 |
$900.00c |
0.05% |
0.05% |
| SuperNow Checkingd e |
$2,500.00 |
$2,500.00 |
0.10% |
0.10% |
a) Daily Balance. The amount of principal required in the account each day to obtain APY.
b) APY = Annual Percentage Yield
c) Also, the daily Minimum balance required to avoid the imposition of the $5.00 maintenance
fee and $0.20 per check fee every statement cycle.
d) The interest rate and annual percentage yield may change after account opening.
e) An average daily balance of $10,000.00 is required to avoid the imposition of the $5.00
maintenance fee and $0.20 per check fee every statement cycle.
| Money Market Account
|
Minimum Opening Deposit
|
Minimum Balancea
|
Interest Rate
|
APYb
|
| Money Marketc |
$2,500.00 |
up to
$2,499.99d |
0.05% |
0.05% |
|
$2,500.00 |
$2,500.00
and up |
0.10% |
0.10% |
a) Daily Balance. The amount of principal required in the account each day to obtain APY.
b) APY = Annual Percentage Yield
c) The interest rate and annual percentage yield may change after account opening.
d) A minimum daily balance of $2,500.00 is required to avoid the imposition of the $5.00
maintenance fee every statement cycle.
| Savings
|
Minimum Opening Deposit
|
Minimum Balancea
|
Interest Rate
|
APYb
|
| Passbook Savings |
$100.00 |
$25.00 |
0.05% |
0.05% |
| Passbook Savings Child |
$25.00 |
$25.00 |
0.05% |
0.05% |
a) Daily Balance. The amount of principal required in the account each day to obtain APY.
b) APY = Annual Percentage Yield
| Certificates of Deposita
|
Minimum Opening Deposit
|
Minimum Balanceb
|
Interest Rate
|
APYc
|
| 3 Month |
$1,000.00 |
$1,000.00 |
0.05% |
0.05% |
| 6 Month |
$2,500.00 |
$2,500.00 |
0.05% |
0.05% |
| 7 Month |
$5,000.00 |
$5,000.00 |
0.05% |
0.05% |
| 12 Month |
$500.00 |
$500.00 |
0.15% |
0.15% |
| 12 Month (Kids) |
$100.00 |
$100.00 |
0.15% |
0.15% |
| 15 Month |
$5,000.00 |
$5,000.00 |
0.15% |
0.15% |
| 18 Month |
$500.00 |
$500.00 |
0.20% |
0.20% |
| 21 Month |
$10,000.00 |
$10,000.00 |
0.25% |
0.25% |
| 30 Month |
$500.00 |
$500.00 |
0.30% |
0.30% |
| 3 Year (36 Month) |
$2,500.00 |
$2,500.00 |
0.35% |
0.35% |
| 4 Year (48 Month) |
$10,000.00 |
$10,000.00 |
0.40% |
0.40% |
| 5 Year (60 Month) |
$5,000.00 |
$5,000.00 |
0.50% |
0.50% |
a) A penalty will be imposed for early withdrawal.
b) Daily Balance. The amount of principal required in the account each day to obtain APY.
c) APY = Annual Percentage Yield
| IRA SAVINGS
|
Minimum Opening Deposit
|
Minimum Balancea
|
Interest Rate
|
APYb
|
| Traditional IRAc |
$500.00 |
$500.00 |
0.30% |
0.30% |
| ROTH IRAc |
$500.00 |
$500.00 |
0.30% |
0.30% |
a) Daily Balance. The amount of principal required in the account each day to obtain APY.
b) APY = Annual Percentage Yield
c) Early Distribution penalties may apply on withdrawals made before age 59½. See a competent
tax advisor to help you determine what is best for your situation.
Fees could reduce the earnings on the account.
Interest Rates and Annual Percentage Yields are current as of 01-05-2022
For current rate information or additional details about our accounts please call (507) 964-2256.
