Deposit Rates

INTEREST RATES AND YIELDS EFFECTIVE AND ACCURATE ON September 30, 2021: Rates updated on 09/30/2021 at 7:30:00 AM

Passbook Savings

Minimum Balance to Open is $50.00. Interest Compounds Quarterly.

Balance FromInterest RatesAPY
UP TO - $9,999.990.15%0.15%
$10,000.00 to $24,999.990.15%0.15%
$25,000.00 to $49,999.990.20%0.20%
$50,000.00 - AND OVER0.20%0.20%

Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.

APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.

METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

NOW Accounts

Minimum Balance to Open is $1,000.00. Interest is compounded monthly.

Balance FromInterest RatesAPY
UP TO - $2,499.990.05%0.05%
$2,500.00 - $9,999.990.05%0.05%
$10,000.00 - AND OVER0.05%0.05%

Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.

APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.

METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

Premium Money Market Account

Minimum Balance to Open – $2,500.00. Interest is compounded monthly.

Balance FromInterest RatesAPY
$0.00 to $4,999.990.05%0.05%
$5,000.00 to $14,999.990.10%0.10%
$15,000.00 to $34,999.990.15%0.15%
$35,000.00 to $49,999.990.15%0.15%
$50,000.00 to $74,999.990.20%0.20%
$75,000.00 to $99,999.990.20%0.20%
$100,000.00 AND OVER0.25%0.25%

Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.

APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.

METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

Premium Money Market Business Account

Minimum Balance to Open – $5,000.00. Interest is compounded monthly.

Balance FromInterest RatesAPY
$0.00 to $4,999.990.05%0.05%
$5,000.00 to $14,999.990.10%0.10%
$15,000.00 to $34,999.990.15%0.15%
$35,000.00 to $49,999.990.15%0.15%
$50,000.00 to $74,999.990.20%0.20%
$75,000.00 to $99,999.990.20%0.20%
$100,000.00 AND OVER0.25%0.25%

Variable Rate: The interest rate and annual percentage yield for your account depends upon the applicable tier. The interest rate and annual percentage yield for these tiers may change daily.

APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.

METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.

Certificates of Deposit

Initial Interest Rate Is In Effect Until First Maturity

TermInterest RatesMInimumAPYInterest Credited/CompoundedGrace DaysEarly Withdrawal Penalty
3 Months0.10%$2,500.000.10%Quarterly101 Month Interest
6 Months0.15%$2,500.000.15%Quarterly101 Month Interest
12 Months0.25%$500.000.25%Quarterly101 Month Interest
24 Months0.40%$500.000.40%Quarterly103 Month Interest
36 Months0.45%$500.000.45%Quarterly103 Month Interest
48 Months0.50%$500.000.50%Quarterly103 Month Interest
60 Months0.65%$5,000.000.65%Quarterly109 Month Interest
84 Months1.00%$5,000.001.00%Quarterly109 Month Interest

APY – The Annual Percentage Yield assumes interest will remain on deposit until maturity. Withdrawals and Fees will reduce earnings.

METHOD OF CALCULATION: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will receive the accrued interest.