Rates Effective 1/1/2020
Share Accounts
| Type | Avg Daily Balance-Minimum Required for Dividend | Dividend Rate | APY** |
|---|---|---|---|
| Regular | $20.00 | 0.350% | 0.350% |
| Escrow | $20.00 | 0.350% | 0.350% |
| Checking | $.01 | 0.200% | .0200% |
| IRA | $5.00 | 0.350% | 0.350% |
| Roth IRA | $5.00 | 0.350% | 0.350% |
| Christmas Club | $20.00 | 0.350% | 0.350% |
Share rates are anticipated each quarter, and are subject to revision by the Board of Directors.
Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.
**APY = Annual Percentage Yield
Certificates
| Type | Term | Dividend Rate | APY** |
|---|---|---|---|
| Share Certificate | 6 months | 1.739% | 1.750% |
| 1 Year | 2.133% | 2.150% | |
| 2 Years | 2.231% | 2.250% | |
| 3 Years | 2.330% | 2.350% | |
| 4 Years | 2.428% | 2.450% | |
| 5 Years | 2.624% | 2.650% |
| Type | Term | Dividend Rate | APY** |
|---|---|---|---|
| IRA Certificate (Traditional or Roth) | 6 months | 1.739% | 1.750% |
| 1 Year | 2.133% | 2.150% | |
| 2 Years | 2.231% | 2.250% | |
| 3 Years | 2.330% | 2.350% | |
| 4 Years | 2.428% | 2.450% | |
| 5 Years | 2.624% | 2.650% |
* $500 minimum deposit
* Early Withdrawal penalty: For 6 mo and 1 year Certificate is 30 days of dividends earned or all dividends earned, whichever is least.
* Early Withdrawal penalty: For 2-5 year Certificates is 90 days dividends or all dividends earned, whichever is least.
**APY = Annual Percentage Yield