CDs & IRAs
Rates effective September 1, 2023.
| Account Type | Minimum Initial Deposit | Interest Rate | APY* | Compounding |
Minimum
to Earn Disclosed APY
|
|---|---|---|---|---|---|
| 3 Month Certificate ** | $500 | 0.05% | 0.05% | Simple | $500 |
| 6 Month Certificate ** | $500 | 0.10% | 0.10% | Simple | $500 |
| 12 Month Certificate ** | $500 | 0.20% | 0.20% | Quarterly | $500 |
|
18 Month IRA**
Certificate ***
|
$250 | 0.20% | 0.20% | Daily | $250 |
| 24 Month Certificate ** | $500 | 0.20% | 0.20% | Quarterly | $500 |
| 36 Month Certificate ** | $500 | 0.25% | 0.25% | Quarterly | $500 |
| 48 Month Certificate ** | $500 | 0.30% | 0.30% | Quarterly | $500 |
| 60 Month Certificate ** | $500 | 0.35% | 0.35% | Quarterly | $500 |
FEES MAY REDUCE EARNINGS
*APY = Annual Percentage Yield.
** SUBSTANTIAL PENALTY FOR EARLY WITHDRAWALS.
*** IRAs are available in terms of 12 months and greater. We offer Traditional IRAs, Roth IRAs, and Simplified Employee Pension Plans.
Contact us for more information on these accounts.
