Rates and yields are effective as of Wednesday, April 3, 2013
Description |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
| 18-Month Traditional | $25 | 0.45 % | 0.45 % |
| 12-Month Roth | $25 | 0.45 % | 0.45 % |
| 12-Month Education | $25 | 0.45 % | 0.45 % |
Description |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
||
1-Month |
3-Month |
6-Month |
|||
| 6-11 Month | $500 | 0.20 % | 0.20 % | 0.20 % | 0.20 % |
| 12-17 Month | $500 | 0.30 % | 0.30 % | 0.30 % | 0.30 % |
| 18-23 Month | $500 | 0.35 % | 0.35 % | 0.35 % | 0.35 % |
| 24-35 Month | $500 | 0.40 % | 0.40 % | 0.40 % | 0.40 % |
| 36-47 Month | $500 | 0.60 % | 0.60 % | 0.60 % | 0.60 % |
| 48-59 Month | $500 | 0.85 % | 0.85 % | 0.85 % | 0.85 % |
| 60-Month | $500 | 1.05 % | 1.06 % | 1.05 % | 1.05 % |
*Minimum deposit of $5000 required for monthly compounding. Minimum deposit of $2500 required for quarterly compounding. Minimum deposit of $1000 for semi-annual compounding.
The following account terms apply to all accounts in this category unless otherwise marked:
Annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Variable Rate Accounts: The interest rate and annual percentage yield may change at any time.
Determination of Rate: At our discretion, we may change the interest rate on your account.
Frequency of Rate Changes: The interest rate and annual percentage yield may change at any time.
Interest will be calculated on the daily balance method. This method applies a daily periodic rate to the principal in the account each day.
Interest is credited quarterly to your account.
Effect of Closing an Account: Accrued but uncredited interest under $1 will not be paid.
Interest begins to accrue no later than the business day you deposit noncash items (i.e., checks).
A minimum deposit of $25 must be made each time you deposit.
Maximum deposit per year is determined by Federal Tax regulations. Please consult your tax professional for assistance.
Penalty: If any of the deposit is withdrawn before the maturity date, a penalty may be imposed. Federal regulations may require other penalties.
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