Rate Information – Your interest rate and annual percentage yield may change. Please see below for today’s current rates and/or tiers.

Method to determine the rate – We determine the interest rate based on current market reviews of comparable bank interest rates. Changes are made at our discretion.

Frequency of rate changes – We may change the interest rate on your account at any time.

Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account – You must deposit $25.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $10.00 will be imposed every statement cycle unless you maintain a minimum average daily balance of $1,500.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Rate information:

  • If your daily balance is more than $.01, the interest rate paid on the entire balance in your account will be 0.150% with an annual percentage yield of 0.150%.

Refer to the Deposit Accounts Fee Schedule which has a complete list of the applicable fees.