Deposit Rates

Account Type

Interest Rate

Annual Percentage Yield (APY)

Minimum Balance to Open

Minimum Balance to Earn the APY

3 Month Certificate
0.05%
0.05%
$500.00
$5.00
6 Month Certificate
0.10%
0.10%
$500.00
$5.00
9 Month Certificate
0.15%
0.15%
$500.00
$5.00
1 Year Certificate
0.20%
0.20%
$500.00
$5.00
18 Month Certificate
0.30%
0.30%
$500.00
$5.00
2 Year Certificate
0.34%
0.35%
$500.00
$5.00
3 Year Certificate
0.39%
0.40%
$500.00
$5.00
5 Year Certificate
1.08%
1.10%
$500.00
$5.00
7 Year Certificate IRAs Excluded
1.71%
1.75%
$500.00
$5.00

Amount of Time Interest Rate In Effect: Until Maturity
Interest Compounded: Continuously
Interest Credited: Monthly

The Following Information Applies to the Certificate of Deposit Accounts Listed Above:

I. Interest Rate on Certificates:
The interest rate in effect on the day your CD is opened will remain in effect until the maturity date of the CD, unless a withdrawal is made that brings your balance below the $ 5.00 minimum.
II. Effect of Interest Withdrawal:
The annual percentage yield assumes interest remains on deposit until maturity.  A withdrawal will reduce earnings.
III. Minimum Balance Requirements:
You must deposit  $ 500.00 to open this account. You must maintain the minimum balance shown above in your account each day to earn the annual percentage yield disclosed.
IV. Interest Crediting and Compounding:
Interest for your account will be compounded continuously and credited monthly.
V. Accrual of Interest on Noncash Items:
Interest begins to accrue on the business day you deposit noncash items, (for example, checks).
VI. Balance Computation Method:
We use the daily balance method to calculate interest on your account.  This applies a daily periodic rate to the principal in your account each day.
VII.  Transaction Limitations and Early Withdrawal Penalties:
You may not make withdrawals of principal from your account before the maturity date without our consent.  Except in the case of death or a court’s declaration of your incompetence, if you withdraw any principal before the maturity date, a penalty will be charged to your account equal to (3) months interest for certificate(s) with a term of 91 days to (1) year, and (6) months interest for certificate(s) with a term of more than (1) year.  You may not make additional deposits into your account during the term of the account.
Special Rules for 7 Year Certificate(s):  If you withdraw any principal before the maturity date, a penalty will be charged to your account equal to (1) year’s interest. This disclosure supersedes any information that may be addressed in the Deposit Account Contract and Schedule of Charges if there is a conflict of information.        ** IRA accounts are not eligible to participate. **
VIII.  Renewal Policy:
Your account will be automatically renewed at maturity.  You have a grace period of (7) calendar days after the maturity date to withdraw the funds without being charged a penalty or to make deposits to the account.  Upon maturity, any interest paid during the term of the CD will be included as principal of the renewed CD if not withdrawn during the grace period.
Special Rules for 9 Month Certificate(s):  Following the (7) day grace period, this account will be automatically renewed as of the maturity date for a term and rate we are then paying on six-month Certificate(s). 
Special Rules for 18 month Certificate(s):  Following the (7) day grace period, this account will be automatically renewed as of the maturity date for a term and rate we are then paying on 1-year Certificate(s).

Account Type

Interest Rate

Annual Percentage Yield (APY)

Minimum Balance to Open

Minimum Balance to Earn the APY

Passbook Savings
0.04%
0.04%
$5.00
$5.00
Statement Savings
0.04%
0.04%
$5.00
$5.00
Holiday Club
0.05%
0.05%
$5.00
$5.00
Clipper Ship Savings
Also available as an IRA product. Rules for IRA Accounts apply.
$0.00 – $9,999.99
0.05%
0.05%
$1,000.00
$5.00
$10,000.00 – $24,999.99
0.08%
0.08%
$1,000.00
$10,000.00
$25,000.00 – $49,999.99
0.10%
0.10%
$1,000.00
$25,000.00
$50,000.00 and over
0.15%
0.15%
$1,000.00
$50,000.00

Amount of Time Interest Rate In Effect: Variable
Interest Compounded: Continuously
Interest Credited: Monthly

The Following Information Applies to Passbook, Statement Savings and Clipper Ship Savings Accounts:

I. Variable Rate Accounts:
Your interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on your account daily.  For our current rate information, call your branch on any business day, or our automated phone line at 888-767-0046.
II. Minimum Daily Balance to Earn Annual Percentage Yield:
You must maintain the minimum balance shown above in your account each day to earn the annual percentage yield disclosed.
III. Accrual of Interest on Noncash Items:
Interest begins to accrue on the business day you deposit noncash items, (for example, checks).
IV. Balance Computation Method:
We use the daily balance method to calculate interest on your account.  This applies a daily periodic rate to the principal in your account each day.
V. Transaction Limitations:
Passbook and Clippership Passbook Accounts: No preauthorized transfers are permitted from this account.
Statement and Clippership Statement Accounts:  Please refer to the Deposit Account Contract.

Account Type

Interest Rate

Annual Percentage Yield (APY)

Minimum Balance to Open

Minimum Balance to Earn the APY

Personal Checking
NA
NA
$25.00
NA
NOW/IORETA
0.02%
0.02%
$25.00
$5.00
Flag Ship Checking
0.04%
0.04%
$25.00
$5.00
$0.00 – $24,999.99
0.04%
0.04%
$25.00
$5.00
$25,000.00 – $49,999.99
0.06%
0.06%
$25.00
$25,000.00
$50,000.00 – $99,999.99
0.08%
0.08%
$25.00
$50,000.00
$100,000.00 and over
0.10%
0.10%
$25.00
$100,000.00
Money Market Account
0.05%
0.05%
$2,500.00
$5.00

Amount of Time Interest Rate In Effect: Variable (Excludes Personal Checking)
Interest Compounded: Continuously (Excludes Personal Checking)
Interest Credited: Monthly (Excludes Personal Checking)

The Following Information Applies to Personal, Schooner and Flag Ship Checking, Money Market and NOW  Accounts:

I. Variable Rate Accounts:
Your interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on your account daily.  For our current rate information, call your branch on any business day, or our automated phone line at 888-767-0046.
II. Minimum Daily Balance to Earn Annual Percentage Yield:
You must maintain the minimum balance shown above in your account each day to earn the annual percentage yield disclosed.
III. Accrual of Interest on Non-cash Items:
Interest begins to accrue on the business day you deposit non-cash items, (for example, checks).
IV. Balance Computation Method:
We use the daily balance method to calculate interest on your account.  This applies a daily periodic rate to the principal in your account each day.
V. Transaction Limitations:
Money Market Accounts: You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account payable to third parties per month or statement cycle. If you exceed this limit, we may convert this account to a “Transaction Account”, in accordance with banking regulation.
VI. Check Printing Charges:
Check printing charges may vary depending on styles ordered.