Certificate of Deposit
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Requirements: 1. Main Savings Account 2. $250 minimum deposit |
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Benefits:
•Earns higher interest than traditional savings accounts •Quarterly dividends •Ten day grace period at maturity |
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Other Savings Options: |
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Savings Rates: |
Certificates (CDs/IRAs) (Last Modified: Jan 28, 2013)
| Description | Term | Dividend Rate | APY |
|---|---|---|---|
| 3 months | 0.10% | 0.10% | |
| 6 months | 0.20% | 0.20% | |
| 12 months | 0.30% | 0.30% | |
| 24 months | 0.40% | 0.40% | |
| 36 months | 0.50% | 0.50% | |
| 48 months | 0.60% | 0.60% | |
| 60 months | 0.70% | 0.70% | |
| Certificates (IRA) | 12 months | 0.30% | 0.30% |
| 24 months | 0.40% | 0.40% | |
| 36 months | 0.50% | 0.50% | |
| Savings IRA (No minimum balance) | N/A | 0.05% | 0.05% |
APY - Annual Percentage Yield
Minimum deposit for IRA Certificate Accounts - $250.00
Rates are fixed for the term of the Account.
A Penalty may be imposed for early withdrawal.
Youth - minimum deposit of $100. 3 months - 2 years terms. $3,000 maximum certificate amount. Dividends may be withdrawn at any time without penalty or added to principal. Penalty for early principal withdrawals.
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