Deposit Rates

Rates effective as of May 24, 2023

Checking Accounts

Type of Account

Minimum Deposit to Open

Minimum Balance to Obtain APY**

Interest

Rate APY**

 Checking Accounts*

NOW Checking

$50.00

$250.00

0.05%

0.05%

* Rate may change after account is opened and fees may reduce earnings

** Annual Percentage Yield

 

Side Bar Table

Savings Accounts

Type of Account

Minimum Deposit to Open

Minimum Balance to Obtain APY**

Interest Rate

APY**

 Savings Accounts*

Passbook and Statement Savings

$25.00

$25.00

0.10%

0.10%

Minor Account
(under 16 years old)

$25.00

$25.00

0.10%

0.10%

Christmas Club

$10.00

$10.00

0.15%

0.15%

* Rate may change after account is opened and fees may reduce earnings

** Annual Percentage Yield

 

Type of Account

Minimum Deposit to Open

Minimum Balance to Obtain APY**

Interest

Rate APY**

 Money Market Tiered Account*

Money Maker Tier 1

$2,500.00

$250.00 - $2,499.99

0.10%

0.10%

Money Maker Tier 2

$2,500.00

$2,500.00 - $24,999.99

0.10%

0.10%

Money Maker Tier 3

$2,500.00

$25,000.00 - $49,999.99

0.15%

0.15%

Money Maker Tier 4

$2,500.00

$50,000.00 and up

0.20%

0.20%

*Rate may change after account is opened and fees may reduce earnings

**Annual Percentage Yield

Type of Account

Minimum Deposit to Open

Minimum Balance to Obtain APY**

Interest Rate

APY**

 Certificates of Deposit***

91 Day Fixed

$2,500.00

$2,500.00

0.15%

0.15%

182 Day Fixed

$2,500.00

$2,500.00

4.50%

4.60%

12 Month Fixed

$500.00

$500.00

0.25%

0.25%

17 Month Special 

$500.00

$500.00

3.75%

3.82%

18 Months Fixed

$500.00

$500.00

0.35%

0.35%

24 Months Fixed

$500.00

$500.00

0.45%

0.45%

30 Months Fixed

$500.00

$500.00

0.50%

0.50%

36 Months Fixed

$500.00

$500.00

0.55%

0.55%

48 Months Fixed

$500.00

$500.00

0.65%

0.65%

Type of Account

Minimum Deposit to Open

Minimum Balance to Obtain APY**

Interest Rate

APY**

 Traditional & Roth IRA Accounts***

Statement Savings*

$25.00

$25.00

0.10%

0.10%

182 Day Fixed

$250.00

$250.00

4.50%

4.55%

12 Months Fixed

$250.00

$250.00

0.25%

0.25%

18 Months Fixed

$250.00

$250.00

0.35%

0.35%

24 Months Fixed

$250.00

$250.00

0.45%

0.45%

30 Months Fixed

$250.00

$250.00

0.50%

0.50%

36 Months Fixed

$250.00

$250.00

0.55%

0.55%

48 Months Fixed

$250.00

$250.00

0.65%

0.65%

*Rate may change after account is opened and fees may reduce earnings

**Annual Percentage Yield

***An early withdrawal penalty may apply for IRA accounts

Fees may reduce earnings on accounts.

**Annual Percentage Yield (APY) is calculated based on a one year time frame. If you allow your interest to add back to the principal over a one year time period, the APY is what you will receive.

NOTE - Rates are subject to change without notice.

 

 

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