Certificate of Deposit & IRA Rates
Rates effective: April 1, 2020
Certificates of Deposit
| Minimum Deposit to Open Account and to Obtain APY* | Term | Interest Rate | Annual Percentage Yield (APY*) | Additional Deposit Minimum |
|---|---|---|---|---|
| $500.00 | 6 months | 0.15% | 0.15% | $0 |
| $500.00 | 1 Year | 0.25% | 0.25% | $0 |
| $500.00 | 2 Years | 0.40% | 0.40% | $0 |
| $500.00 | 3 Years | 0.45% | 0.45% | $0 |
| $500.00 | 4 Years | 0.50% | 0.50% | $0 |
| $500.00 | 5 Years | 0.65% | 0.65% | $0 |
CDs: Interest is not compounded on CDs under 1 year. Over 1 Year interest is Compounded Monthly.
A penalty may be imposed for early withdrawal.
All Rates are subject o change without notice.
- Please verify rates by calling your nearest branch office.
- Additional restrictions may apply for out of area deposits, please call for details.
- Penalties may reduce earnings.
- Minimum balance required to obtain Annual Percentage Yield (APY)
- Monthly interest may be transferred to any Statement account.
- Interest checks are available from CDs with balances in excess of $10,000.
*Annual Percentage Yield (APY) is achieved if principal and interest accumulate at the original rate for one year.
IRA Certificates of Deposit
| Minimum Deposit to Open Account and to Obtain APY* | Term | Interest Rate | Annual Percentage Yield (APY*) | Additional Deposit Minimum |
|---|---|---|---|---|
| $10.00 | 18 Month Variable | 0.07% | 0.07% | $10.00 |
| $100.00 | 1 Year | 0.25% | 0.25% | $100.00 |
| $500.00 | 2 Years | 0.40% | 0.40% | $0 |
| $500.00 | 3 Years | 0.45% | 0.45% | $0 |
| $500.00 | 4 Years | 0.50% | 0.50% | $0 |
| $500.00 | 5 Years | 0.65% | 0.65% | $0 |
A penalty may be imposed for early withdrawal.
- Penalties may reduce earnings.
- Minimum balance required to obtain Annual Percentage Yield (APY).
- Annual Percentage Yield (APY) is achieved if principal and interest accumulate at the original rate for one year.