Savings Rates

Current Rates

  • Share certificate rates effective for 07/18/2022
  • Rates are subject to change

Savings (Share) Accounts

Account Rate APY*
Savings (Share) 0.050% 0.05%
Club Savings 0.150% 0.15%
* Annual Percentage Yield

Certificates—Pays Interest Monthly

Term Minimum Rate APY*
3 to 5 Months $500 0.250% 0.25%
6 to 11 Months $500 0.399% 0.40%
12 Months to 23 Months $500 0.499% 0.50%
18 Months $500 1.98% 2.00%
24 Months to 35 Months $500 0.747% 0.75%
36 Months to 47 Months $500 0.797% 0.80%
48 Months to 59 Months $500 0.896% 0.90%
60 Months $500 0.946% 0.95%
Jumbo $50,000 Add 0.15%
* Annual Percentage Yield

Money Market Account

Balance Rate APY*
$0.00 to $2,499.99 0.100% 0.10%
$2,500.00 to $9,999.99 0.150% 0.15%
$10,000.00 to $24,999.99 0.120% 0.20%
$25,000.00 to $49,999.99 0.250% 0.25%
$50,000 + 0.449% 0.45%
* Annual Percentage Yield

Interest Computation for Savings Accounts

Share Dividends are calculated using the average daily balance method. This method applies a periodic rate to the average daily balance in the account each month. Dividends are credited and compounded monthly for checking accounts, and quarterly for all other accounts. Checking account maintenance/activity fees may reduce earnings.

Share Certificate Withdrawals & Penalties

Government regulations require a substantial penalty for failure to comply with share certificate requirements. Should you withdraw funds prior to maturity, the penalty will be as follows:

  • If the qualifying period is one year or less, you will forfeit an amount equal to all dividends for 90 days on the amount withdrawn.
  • If the qualifying period is greater than one year, you will forfeit an amount equal to all dividends for 180 days on the amount withdrawn.
  • Penalties will not be applied if withdrawal is made subsequent to the death of the primary owner of the Share Certificate.
  • Should the balance of the Share Certificate fall below the required minimum, penalties will be imposed and certificate closed.