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Rates for Share and Certificate Accounts

Fee Schedule | Loan Rates

Share and Certificate Accounts

Share Savings
Effective Date: Monday, July 13th, 2020
Share/
Savings
Dividend
Rate
Annual Percentage
Yield
Minimum Opening
Balance
Dividends Compounded
and Credited
Share Savings .05% .05% $5.00 Quarterly
Member Choice Savings
Choose month
.05% .05% $10.00 Annual
IRA Savings .25% .25% $25.00 Semi Annually
Hi Yield (Less than 2,000 = .05%)
$2,000 - $49,999 .10% .10% $2,000.00 Monthly
$50,000 or more .15% .15% $2,000.00 Monthly
Maxi Yield (Less than 10,000 = .05%)
$10,000 - $49,999 .15% .15% $10,000.00 Monthy
$50,000 or more .20% ..20% $10,000.00 Monthy

IRA Certificate of Deposits (Minimum $1,000)
IRA Certificate
of Deposits
Dividend
Rate
Annual Percentage
Yield
Minimum Opening
Balance
Dividends Compounded
and Credited
Up to 12 months .25% .25% $1,000.00 Quarterly
24 Months .30% .30% $1,000.00 Quarterly
36 Months .40% .40% $1,000.00 Quarterly
48 Months .50% .50% $1,000.00 Quarterly
60 Months .75% .75% $1,000.00 Quarterly

Certificate of Deposits (Minimum $500)
Certificate
of Deposits
Dividend
Rate
Annual Percentage
Yield
Minimum
Opening
Balance
Dividends
Compounded
and Credited
6 Months or less .10% .10% $500-$24,999.99 Quarterly
  .15% .15% $25,000 - $99,999.99 Quarterly
  .25% .25% $100,000 + Quarterly
12 Months .20% .20% $500-$24,999.99 Quarterly
  .25% .25% $25,000 - $99,999.99 Quarterly
  0.35% 0.35% $100,000 + Quarterly
24 Months 0.40% 0.40% $500.00-$24,999.99 Quarterly
  0.45% 0.45% $25,000 - $99,999.99 Quarterly
  0.50% 0.50% $100,000 + Quarterly
36 Months 0.60% 0.60% $500.00-$24,999.99 Quarterly
  0.65% 0.65% $25,000 - $99,999.99 Quarterly
  0.70% 0.70% $100,000 + Quarterly
48 Months 0.75% 0.75% $500.00-$24,999.99 Quarterly
  0.80% 0.80% $25,000 - $99,999.99 Quarterly
  0.85% 0.85% $100,000 + Quarterly
60 Months 0.90% 0.90% $500.00-$24,999.99 Quarterly
  0.95% 0.95% $25,000 - $99,999.99 Quarterly
  1.00% 1.00% $100,000 + Quarterly

TRUTH IN SAVINGS DISCLOSURES

Rate Information

The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For all accounts except Certificates, the Dividend Rate and Annual Percentage Yield may change.. Certificates, Maxi Yield Account and the Hi Yield account are a tiered rate account. The Dividend Rate for a particular tier will apply to the entire balance if the account balance is within the balance range for that tier. The Dividend Rates and Annual Percentage Yields are the prospective rates as of the effective date shown above. For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

 

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