Rates
Interest Rates and Annual Percentage Yields (APY) are current as of . All stated rates are subject to change at any time.
Checking - Simply Interest
| Minimum Balance To Earn Interest | Minimum Balance | Interest Rate | Annual Percentage Yield 3,4,5 | Compounding Frequency |
|---|
| |
Below $1,000 |
No Interest |
No Interest |
Daily |
| $1,000 |
$1,000 - $7,499 |
0.15% |
0.15% |
Daily |
| |
$7,500 - $14,999 |
0.30% |
0.30% |
Daily |
| |
$15,000 -$249,999 |
0.40% |
0.40% |
Daily |
| |
$250,000 + |
0.50% |
0.50% |
Daily |
Savings - Statement
| Minimum Balance To Open | Minimum Balance To Earn Interest | Minimum Balance To Avoid Fee1 | Minimum Balance | Interest Rate | Annual Percentage Yield3,4,5 | Compounding Frequency |
|---|
| $100 |
|
$100 |
Below $100 |
No Interest |
No Interest |
Daily |
| |
$100 |
|
$100+ |
0.15 % |
0.15 % |
Daily |
Money Market Statement Account
| Minimum Balance To Open | Minimum Balance To Earn Interest | Minimum Balance To Avoid Fee2 | Minimum Balance | Interest Rate | Annual Percentage Yield3,4,5 | Compounding Frequency |
|---|
| $2,500 |
|
$1,000 |
below $5,000 |
No Interest |
No Interest |
Daily |
| |
$5,000 |
|
$5,000-$49,999 |
1.00 % |
1.00 % |
Daily |
| |
|
|
$50,000-$99,999 |
1.49 % |
1.50 % |
Daily |
| |
|
|
$100,000 + |
3.44 % |
3.50 % |
Daily |
Certificates of Deposits & Individual Retirement Accounts (IRAs)6,7,8
| Term of Deposit | Minimum Balance
To Open | Interest
Rate | Annual Percentage
Yield3 | Compounding
Frequency |
|---|
| 3 Month |
$5,000 |
0.75 % |
0.75 % |
Simple |
| 6 Month |
$5,000 |
0.75 % |
0.75 % |
Quarterly |
| 9 Month |
$5,000 |
3.70 % |
3.75 %
|
Quarterly |
| 12 Month |
$5,000 |
3.45 % |
3.50 % |
Quarterly |
| 18 Month |
$5,000 |
3.21 % |
3.25 % |
Quarterly |
| 20 Month |
$5,000 |
2.97 % |
3.00 % |
Quarterly |
| 24 Month |
$5,000 |
2.96 % |
3.00 % |
Daily |
| 36 Month |
$5,000 |
2.71 % |
2.75 % |
Daily |
| 48 Month |
$5,000 |
2.71 % |
2.75 % |
Daily |
| 60 Month |
$5,000 |
2.47 % |
2.50 % |
Daily |
| 72 Month |
$5,000 |
2.47 % |
2.50 % |
Daily |
1 The monthly service charge fee for Savings if account balance falls below $100 any month is $2 per month.
2 The monthly service charge fee for Money Market Account if account balance falls below $1,000 any month is $2 per month.
3 The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal or any fees will reduce earnings.
4 Variable Interest Rate; interest rate is subject to change. Daily earned interest is based on the corresponding rate for the various tiers the daily balance falls within.
5 Interest begins to accrue on noncash items (for example checks) the business day you deposit the item(s).
6 Certificate of Deposit and IRA penalties for early withdrawal: A penalty equal to one half of the term's interest will be charged to your account.
7 Certificates of Deposit and IRAs earn a fixed interest rate and no additional deposits can be made until maturity.
8 Certificates of Deposit and IRAs will automatically renew at the current rate paid on the particular term. A previous “Special” will automatically renew at the current rate paid on the particular term; term’s current rate may no longer be “Special” rate. Grace periods: CD Term 3 months through 12 months – Grace period of 7 days will be granted; CD Term over 12 months - Grace period of 10 days will be granted.
For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
|
FDIC-Insured - Backed by the full faith and credit of the U.S. Government