Savings Rates
Rates effective May 1, 2020
Share Rates & Club Accounts
| Share and Club Accounts | 0.05% Rate | 0.05% APY* |
| IRA accumulation accounts | 0.65% | 0.65% |
Money Market Accounts (Minimum balance to open
$2,500)
| $0 - $2,500 | 0.05% Rate | 0.05% APY* |
| $2,501 - $8,000 | 0.30% Rate | 0.30% APY* |
| $8,001 - $25,000 | 0.45% Rate | 0.45% APY* |
| $25,001 - $50,000 | 0.50% Rate | 0.50% APY* |
| $50,001 - $75,000 | 0.55% Rate | 0.55% APY* |
| $75,000 and up | 0.60% Rate | 0.60% APY* |
Share Draft (checking)
| 0.05% Rate | 0.05% APY* | |
| *Must maintain a minimum balance of $200 for all three months of the quarter to earn dividends. | ||
Share Certificates
| 6 Months | 0.55% Rate | 0.55% APY* |
| 12 Months | 0.85% Rate | 0.85% APY* |
| 18 Months | 1.10% Rate | 1.10% APY* |
| 24 Months | 1.25% Rate | 1.25% APY* |
IRA Certificates
| .10% above the share certificate rate | |
| *Minimum amount $1,000 | |
Seniors Savers Club (
55 years old or wiser)
| $800-$2,499 | 0.45% Rate | 0.45% APY* |
| $2500-$10,000 | 0.55% Rate | 0.55% APY* |
| $10,000-$25,000 | 0.65% Rate | 0.65% APY* |
| $25,000 and up | 0.80% Rate | 0.80% APY* |
| *Minimum amount $800 | ||
*APY = Annual Percentage Yield. Account fees may affect APY
Rates are subject to change by the Board of Directors.
