|
Effective December 13, 2019
| Program | Term | Minimum Opening Balance | Minimum Daily Balance to earn APY | APY* |
|---|
Certificates of Deposit (CD) or Individual Retirement Account (IRA)
Personal or Business
|
Step Up CD
|
24 Months1
|
$1,000
|
$0.01
|
2.00%
|
| |
36 Months2
|
$1,000
|
$0.01
|
2.00%
|
|
|
|
|
|
|
|
CDs and IRAs
|
3 Months
|
$2,500
|
$0.01
|
0.50%
|
|
|
6 Months
|
$2,500
|
$0.01
|
2.00%
|
|
|
7 Months
|
$2,500
|
$0.01
|
0.95%
|
|
|
10 Months
|
$2,500
|
$0.01
|
1.70%
|
|
|
1 Year
|
$1,000
|
$0.01
|
2.05%
|
|
|
15 Months
|
$1,000
|
$0.01
|
1.80%
|
|
|
18 Months
|
$1,000
|
$0.01
|
1.85%
|
|
|
20 Months
|
$1,000
|
$0.01
|
1.90%
|
| |
2 Years
|
$1,000
|
$0.01
|
2.00%
|
|
|
30 Months
|
$1,000
|
$0.01
|
1.70%
|
|
|
3 Years
|
$1,000
|
$0.01
|
2.00%
|
|
|
4 Years
|
$1,000
|
$0.01
|
2.00%
|
|
|
5 Years
|
$1,000
|
$0.01
|
2.00%
|
*Annual Percentage Yield (APY) effective as of date above and subject to change without notice. APY assumes interest remains on deposit for one year. A penalty will be imposed for early withdrawal. Withdrawal of interest will reduce earnings. Interest is computed daily and compounded on a monthly basis. No brokered CDs, institutional, or out-of-market deposits.
IMPORTANT ACCOUNT INFORMATION
1. The Step-Up option is one time during the 24-month term. To exercise your option, you may come into the Bank. Your new rate will match our 24-Month Step Up CD rate available at that time. At maturity, your account will be automatically renewed as a 24-Month Step Up CD unless you instruct us otherwise. No brokered CDs, institutional, or out-of-market deposits.
2. The Step-Up option is one time during the 36-month term. To exercise your option, you may come into the Bank. Your new rate will match our 36-Month Step Up CD rate available at that time. At maturity, your account will be automatically renewed as a 36-Month Step Up CD unless you instruct us otherwise. No brokered CDs, institutional, or out-of-market deposits.
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