Deposit Rates

Rates effective as of 11/30/2022

Deposit Accounts

Account Type	Interest Rate	APY	Minimum Balance to Open Account	Minimum Balance to Earn APY	Minimum Balance to Avoid Service Charge
*NOW Checking	0.10	0.10	$300.00	$300.00	$300.00
NOW Checking Advantage for age 62 or more	0.10	0.10	$300.00	$300.00	No minimum balance required
Business Checking	N/A	N/A	No minimum balance required	N/A	No minimum balance required
Statement or Passbook Savings	0.10	0.10	$50.00	$50.00	Cannot fall below $50.00
Money Market Deposit Account (Tiering levels & rates)	0.15	0.15	$2,500.00	$300.00	Cannot fall below $300.00

APY=Annual Percentage Yield
Interest rates and annual percentage yield on deposit accounts are subject to change.
*NOW Checking-If now account falls below $300.00 average daily balance there will be a $10.00 per month service charge plus $0.25 per check cleared.

Money Market Tiering levels and their applicable interest rates:

The interest to be paid on your account will depend on the daily balance in our account. The separate “tiers” that have varying interest rates that apply are:

If the daily balance in your account is less than $300.00, no interest will be paid on the entire balance in your account
If the daily balance in your account is $300.00 or more but less than $2,500.00, the entire balance in your account will earn the appropriate interest rate
If the daily balance in your account is $2,500.00 or more but less than $500,000.00, the entire balance in your account will earn the appropriate interest rate
If the daily balance in your account is $500,000.00 or more but less than $1,000,000.00, the entire balance in your account will earn the appropriate interest rate
If the daily balance in your account is $1,000,000.00 or more, the entire balance in your account will earn the appropriate rate

Certificates of Deposit

Certificate Term	Interest Rate	APY	Minimum Balance to Open Account	Early Withdrawal Penalty
6 Month	2.00%	2.02%	$1,000.00	3 Months of interest
12 Month	2.00%	2.02%	$1,000.00	3 Months of interest
18 Month	2.05%	2.07%	$1,000.00	6 Months of interest
24 Month	2.05%	2.07%	$1,000.00	6 Months of interest
36 Month	2.15%	2.17%	$1,000.00	6 Months of interest
48 Month	2.30%	2.32%	$1,000.00	12 Months of interest
60 Month	2.35%	2.37%	$1,000.00	12 Months of interest

APY is based on quarterly compounding.
Interest rates are fixed for term of the certificate.
Your account will automatically renew at maturity.
You will have 7 calendar days after the maturity date to withdraw your funds without being charge a penalty.
Penalty will be imposed for early withdrawl.

Additional Information

Fixed Rate Account: The interest rate on this account is fixed. You will be paid this rate until the maturity date of the certificate.
Compounding and Crediting: Certificates with terms of 91 days will earn interest on a noncompounded basis and be credited at maturity. Certificates with terms greater than 91 days will earn interest on a quarterly basis compounded basis and credited on a quarterly basis unless monthly, quarterly, semi-annual or at maturity checks or transfers are taken. In this case, interest will be earned on a noncompounded basis.
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 of Noncash Deposits: Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction Limitations: You may not make deposits into your account until the maturity date.
Early Withdrawal Penalty: We may impose a penalty if you withdraw any of the principal before the maturity date. If you reduce the balance in the account below the minimum balance requirement, we may impose the penalty on the entire account balance and any funds left in the account will then receive the interest rate and annual percentage yield then being paid on regular savings accounts.
Withdrawal of Interest Prior to Maturity: The annual percentage yield disclosed in the rate section assumes interest will remain on deposit until maturity. Any withdrawal will reduce earnings.
Renewal of Account: Your account will automatically renew at maturity. You will have 7 calendar days after the maturity date to withdraw your funds without being charged a penalty.

Jumbo Certificates

Certificate Term	Interest Rate	APY	Minimum Balance to Open Account	Early Withdrawal Penalty
6 Month	2.65%	2.68%	$100,000.00	3 Months of interest
11 or 12 Month	2.70%	2.73%	$100,000.00	3 Months of interest
15 Month	2.70%	2.73%	$100,000.00	6 Months of interest
24 Month	2.80%	2.84%	$100,000.00	6 Months of interest
36 Month	2.80%	2.84%	$100,000.00	12 Months of interest
48 Month	2.85%	2.89%	$100,000.00	12 Months of interest
60 Month	3.25%	3.30%	$100,000.00	Negotiated at Opening
72 Month	3.45%	3.51%	$100,000.00	Negotiated at Opening

APY is based on quarterly compounding.
Interest rates are fixed for term of the certificate.
Single Maturity-Non-renewable upon maturity.
After maturity the account will receive earnings at the rate then paid on a regular savings account.
Penalty will be imposed for early withdrawal.

Questions?

For full information on products and services we offer, including applicable disclosures and fees, please contact us @330-652-2539.