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.