Savings Rates

Rates Effective as of 2018-01-01

Savings Rates

Open Accounts

Savings Account Type Min Balance Interest Rate Interest Paid APY*
Shares $5.00 0.05% Quarterly 0.05%
$5,000.00 0.05% Quarterly 0.05%
Money Market $2,500.00 0.05% Quarterly 0.05%
$25,000 0.10% Monthly 0.10%
IRA $100.00 0.20% Quarterly 0.20%

Shares

  • 9 withdrawals per quarter
  • $5.00 minimum balance requirement
  • No monthly service charges
  • Dividends are paid quarterly
  • Not eligible for a debit card

Money Market

  • Minimum balance of $2500.00 to open
  • Unlimited transactions
  • No monthly service charges
  • Dividends accrue daily and are paid monthly
  • Interest rates vary
  • Minimum withdrawals/deposits of $100

IRA

  • $100 minimum balance
  • Interest paid quarterly

CD (Certificate of Deposit) Accounts

CD Type Min Balance Interest Rate Interest Paid APY*
6 Month $1,000.00 0.10% 60 Maturity 0.10%
12 Month $1,000.00 0.20% 66 Maturity 0.20%
24 Month $1,000.00 0.25% 65 Quarterly 0.25%
36 Month $1,000.00 0.25% 64 Quarterly 0.25%

Certificate of Deposit

  • 6 to 36 month fixed-rate certificates
  • $1000 minimum balance requirement
  • Interest rate and compounding determined by term of certificate
  • Penalties may apply for early withdrawal
  • Member must renew CD once term is complete (does not automatically renew)

 

*APY = Annual Percentage Yield. Rates are determined by Board of a Directors and are subject to change. On certificates of deposit a penalty may be imposed for early withdrawal. Certificate of Deposit does not automatically renew, member must renew once term is complete.