Deposit Rates

INTEREST RATES AND YIELDS EFFECTIVE AND ACCURATE ON December 21, 2023: Rates updated on 12/21/2023 at 3:00 PM

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 $49,999.990.15%0.15%
$50,000.00 - AND OVER0.15%0.15%

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 after the account is opened.

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 after the account is opened.

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 $74,999.990.15%0.15%
$75,000.00 to $99,999.990.15%0.15%
$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 after the account is opened.

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 $74,999.990.15%0.15%
$75,000.00 to $99,999.990.15%0.15%
$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 after the account is opened.

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

*CD Rates effective and accurate on December 21, 2023: Rates updated 12/21/2023

TermInterest RatesMInimumAPYInterest Credited/CompoundedGrace DaysEarly Withdrawal Penalty
3 Months0.50%$2,500.000.50%Quarterly101 Month Interest
6 Months4.91%$2,500.005.00%Quarterly101 Month Interest
12 Months4.20%$500.004.27%Quarterly101 Month Interest
24 Months2.75%$500.002.78%Quarterly103 Month Interest
36 Months2.50%$500.002.52%Quarterly103 Month Interest
48 Months2.50%$500.002.52%Quarterly103 Month Interest
60 Months2.55%$5,000.002.57%Quarterly109 Month Interest

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 after the account is opened.

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.