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Deposit Rates

Savings Rates

Account Type APY
Regular Share Savings 0.01-0.15%
Special Share Savings 0.01-0.15%
Youth Account (Up to 9 years of Age) 0.10%
Youth Account (10 to 13 Years of Age) 0.10%
Youth Account (14 to 19 Years of Age) 0.10%
Money Market 0.15-0.35%
IRA Accounts 0.12%
Christmas Club 0.05%
Travel Club 0.05%
Special Club 0.01-0.15%

APY = Annual Percentage Yield

Dividend rates and terms are subject to change without notice. Minimum opening deposit is $5 for savings accounts and $100 for IRA accounts. Minimum opening deposit is $2,500 for money market accounts. A withdrawal fee of $10 may be charged on a money market account for withdrawals in excess of 3 during a calendar month. $100 minimum balance required to earn dividends on all savings accounts and $5 on all youth accounts. Dividends calculated on an average daily balance and paid monthly. Federal Regulation D limits the number of withdrawals permitted per month. Statement Fee Per Mailed Statement is $1.00 (e-Statements are FREE).

 

 

Share & IRA Certificate Terms

Term APY
6 Months 0.25%
9 Months 0.50%
11 Months 2.05%
12 Months 0.50%
18 Months 0.60%
20 Months 2.30%
24 Months 0.60%
31 Months 2.55%
36 Months 1.00%
42 Months 2.80%
48 Months 2.51%
60 Months 2.65%
72 Months 2.65%

APY = Annual Percentage Yield

Dividend rates and terms are subject to change without notice, but are fixed at the time of investment. Minimum opening deposit is $1,000 for share and IRA certificates and $500 for youth share certificates. Dividends calculated on an average daily balance and paid monthly. Statement Fee Per Mailed Statement is $1.00 (e-Statements are FREE).

Early withdrawal penalties may reduce earnings. We are not required to pay out your certificate before maturity. If we do permit an early withdrawal, you will be charged a SUBSTANTIAL PENALTY based on the original maturity and the amount withdrawn as follows: 1) DEPOSITS WITH ORIGINAL MATURITY OF ONE YEAR OR LESS – Forfeiture of the lesser of the following two amounts: dividends since the date of issuance or renewal, or 90 days dividends on the amount withdrawn, whether earned or not, 2) DEPOSITS WITH ORIGINAL MATURITY OF MORE THAN ONE YEAR – Forfeiture of the lesser of the following two amounts: dividends since the date of issuance or renewal, or 180 days dividends on the amount withdrawn, whether earned or not. We will pay the certificate without penalty if the owner passes away or is determined to be legally incompetent.

 

The federal rule, also known as Reg D, comes from the Federal Reserve Board and puts a limit of six transactions per month on certain transfers and withdrawals from your savings or money market account.

REG D TRANSFER LIMITATIONS — For all savings accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic, or Internet transfer, by telephonic order or instruction, or by check, draft, debit card or similar order. If you exceed these limitations, your account may be subject to a fee or be closed.