Savings Rates
Savings Rates
Effective date: April 1, 2024
| Savings | Balance | Rate | APY** | Dividend | Earned |
|---|---|---|---|---|---|
| Membership/Savings | $50 Minimum | .03% | .03% | Quarterly | Daily |
| Impound Account Anticipated Dividends – Share dividends are earned on deposits of $ 50 or more. |
No Minimum | .03% | .03% | Quarterly | Daily |
| Share Draft/Checking Anticipated Dividends – No service charge with $500 minimum balance. There is a $10.00 monthly service charge if balance falls under $500. There is no minimum balance required to maintain a checking account. |
No Minimum | .01% | .01% | Monthly | Daily |
| Individual Retirement Account (IRA) | $100 – $4,999 | .15% | .15% | Quarterly | Daily |
| Individual Retirement Account (IRA) | $5,000 – $9,999 | .15% | .15% | Quarterly | Daily |
| Individual Retirement Account (IRA) | $10,000 – $24,999 | .15% | .15% | Quarterly | Daily |
| Individual Retirement Account (IRA) | $25,000 – $49,999 | .15% | .15% | Quarterly | Daily |
| Individual Retirement Account (IRA) | $50,000 – $99,999 | .15% | .15% | Quarterly | Daily |
| Individual Retirement Account (IRA) | $100,000 – Over | .15% | .15% | Quarterly | Daily |
DISCLOSURES
Minimum deposit required to open the a share account is $5.
Savings – Anticipated Dividends. Share dividends are earned on deposits of $50 or more.
Share Draft – Anticipated Dividends. No service charge with $500 minimum balance.
There is a $10 monthly service charge if balance falls under $500.
There is no minimum balance required to maintain a checking account.
IRA – Anticipated Dividends. IRA dividends are earned on deposits of $100 or more.
Minimum balance of $50 required to open an IRA.
Dividend rate may change after member opens account.
Fees could reduce the earnings on account.
Share/IRA Certificate Rates
Effective date: April 1, 2024
| Certificates | Balance | Rate | APY** | Dividend | Earned |
|---|---|---|---|---|---|
| Share and/or IRA Certificates – $2,500 – $24,999 | |||||
| Six months | $2,500 minimum | 2.00% | 2.020% | Monthly | Daily |
| Twelve months | $2,500 minimum | 4.95% | 5.063% | Monthly | Daily |
| Twenty-four months | $2,500 minimum | 2.50% | 2.531% | Monthly | Daily |
| Thirty-six months | $2,500 minimum | 1.95% | 1.969% | Monthly | Daily |
| Forty-eight months | $2,500 minimum | 1.85% | 1.867% | Monthly | Daily |
| Share and/or IRA Certificates – $25,000 – $99,999 | |||||
| Six months | $25,000 minimum | 2.00% | 2.020% | Monthly | Daily |
| Twelve months | $25,000 minimum | 4.95% | 5.063% | Monthly | Daily |
| Twelve months - New money | $25,000 minimum | 5.15% | 5.273% | Monthly | Daily |
| Twenty-four months | $25,000 minimum | 2.50% | 2.531% | Monthly | Daily |
| Thirty-six months | $25,000 minimum | 1.95% | 1.969% | Monthly | Daily |
| Forty-eight months | $25,000 minimum | 1.85% | 1.867% | Monthly | Daily |
| Share and/or IRA Certificates – $100,000+ | |||||
| Six months | $100,000 minimum | 2.00% | 2.020% | Monthly | Daily |
| Twelve months | $100,000 minimum | 4.95% | 5.063% | Monthly | Daily |
| Twelve months - New money | $100,000 minimum | 5.15% | 5.273% | Monthly | Daily |
| Twenty-four months | $100,000 minimum | 2.50% | 2.531% | Monthly | Daily |
| Thirty-six months | $100,000 minimum | 1.95% | 1.969% | Monthly | Daily |
| Forty-eight months | $100,000 minimum | 1.85% | 1.867% | Monthly | Daily |
Penalty for early withdrawal.
Rates are subject to change at renewal
Annual percentage yield (APY) assumes that principal balance and earned interest will
remain on deposit for the term of the certificate.
Fees could reduce the earnings on the account