CD & IRA Rates
| Account Type | Rate | APY* |
|---|---|---|
| 30-59 Days | .10% | .10% |
| 60 Days | .10% | .10% |
| 90 Days | .10% | .10% |
| 180 Days | .85% | .85% |
| 1 Year | 1.13% | 1.13% |
| 18 Months | 1.13% | 1.13% |
| IRA | 1.42% | 1.43% |
*APY means Annual Percentage Yield
- Rates are subject to change without notice.
- Rates are effective as of 07/07/10.
CD's
- The minimum balance to open a Certificate of Deposit and obtain the APY disclosed is $2,500.00.
- You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
- Interest will not be compounded; interest will be credited as selected (monthly, quarterly, semi-annually, annually, or at maturity).
- Interest earned over one year cannot remain on deposit and payout of interest is mandatory at least annually.
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
- A penalty may be imposed for early withdrawal.
IRA's
- The minimum balance to open an IRA and to obtain the disclosed APY is $500.00.
- The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
- You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
- A penalty may be imposed for early withdrawal.
