CURRENT DEPOSIT RATES

Effective May 11, 2020
Rates subject to change without notice

SAVINGS

Account Type Minimum Amount
To Open and Obtain APY
Interest Rate (1) APY (2)
Passbook Savings $100 0.25% 0.25%
Statement Savings $100 0.25% 0.25%
Business Savings $100 0.25% 0.25%

(1) This is a variable rate account and the interest rate may vary from time to time at our discretion. Fees may reduce earnings.
(2) Annual Percentage Yield

CHECKING

Account Type Minimum Amount
To Open and Obtain APY
Interest Rate APY
Premium Personal Checking (1) $100 0.10% 0.10%
Premium Business Checking (2) $100 Non-Interest Bearing Account
Free Personal Checking (3) $100 Non-Interest Bearing Account
Free Business Checking (3) $100 Non-Interest Bearing Account

(1) The Premium Checking account is a relationship account which requires the owner to also have a mortgage, or at least one additional deposit relationship with the bank in order to qualify. This is a variable rate account and the interest rate may vary from time to time at our discretion.  Fees may reduce earnings.
(2) The Premium Business account has a monthly maintenance fee of $15.00 and provides enhanced online banking features, with ACH manager, not included with the Free Business Checking.
(3) The Free Personal Checking and Free Business Checking accounts have no monthly maintenance fees.  Overdraft fees, Returned Check, and Stop Payment charges may still apply.

MONEY MARKET ACCOUNTS

Account Type Minimum Amount
To Open and Obtain APY
Interest Rate (3) APY
Money Market Accounts (1) $1,000 .10% .10%
  $10,000 .15% .15%
  $25,000 .25% .25%
Premium Money Market Accounts (2) $75,000 .25% .25%
  $100,000 .30% .30%
  $150,000+ .35% .35%

(1) The Money Market account is a tiered, variable rate account. If your average daily balance is within a tier then your entire balance will earn the correspondent APY. Balances below $1,000 will earn the Premium Checking account APY of 0.10%.  The interest rate may vary from time to time at our discretion.  Fees may reduce earnings. All transfers, checks, drafts or similar orders to third parties are limited to six per statement month.
(2) The Premium Money Market account is a tiered, variable rate account. If your average daily balance is within a tier then your entire balance will earn the correspondent APY. A maintenance fee of $25.00 will be assessed if the balance in your account falls below $75,000 on any day of the statement cycle and balances below $75,000 will earn the Premium Checking account APY of 0.10%.  This a variable rate account and the interest rate may vary from time to time at our discretion.  All transfers, checks, drafts or similar orders to third parties are limited to six per statement month.
(3) The Money Market and Premium Money Market accounts are variable rate accounts.  The interest rates of the various tiers may change from time to time at our discretion.  Fees may reduce earnings.

Certificates of Deposit and IRAs

Certificate Terms (1) Minimum Amount
To Open and Obtain APY
Interest Rate APY (2)
3 Month Certificate $1,000 .25% .25%
6 Month Certificate $1,000 .30% .30%
12 Month Certificate $1,000 .35% .35%
18 Month Certificate $1,000 .40% .40%
24 Month Certificate $1,000 .45% .45%
3 Year Certificate $1,000 .55% .55%
4 Year Certificate $1,000 .65% .65%
5 Year Certificate $1,000 .75% .75%

FDIC Insured

(1) A penalty will be imposed for early withdrawal
(2) Annual Percentage Yield