Deposit Rates

INTEREST RATES AND YIELDS EFFECTIVE AND ACCURATE ON August 3, 2023: Rates updated on 08/03/2023 at 7:15 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 $49,999.990.15%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 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 $74,999.990.15%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 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 $74,999.990.15%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 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

*CD Rates effective and accurate on August 3, 2023: Rates updated 08/03/2023

TermInterest RatesMInimumAPYInterest Credited/CompoundedGrace DaysEarly Withdrawal Penalty
3 Months0.50%$2,500.000.50%Quarterly101 Month Interest
6 Months0.60%$2,500.000.60%Quarterly101 Month Interest
7 Months4.91%$100,000.005.00%Quarterly101 Month Interest
12 Months4.50%$500.004.58%Quarterly101 Month Interest
24 Months3.00%$500.003.03%Quarterly103 Month Interest
36 Months2.50%$500.002.52%Quarterly103 Month Interest
48 Months2.75%$500.002.78%Quarterly103 Month Interest
60 Months3.15%$5,000.003.19%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.