Savings

Regular Savings Account*

Rate Information

Interest for your account will be compounded daily and credited to your account on the last day of every quarter (March, June, September and December).  If you close your account before interest is credited, or your account balance falls below $25.00, you will not receive the accrued interest.  At our discretion, we many change your interest rate and annual percentage yield at any time.

Minimum Balance Requirements

You must deposit at least $50 to open this account.  You must maintain a minimum balance of $25 in your account every day to obtain the annual percentage yield.

Balance Computation Method

We use the daily balance method to calculate the interest in your account.  This method applies a daily periodic rate to the full balance in the account each day.

Money Market Savings Account*

Rate Information

Interest for your account will be compounded monthly and credited to your account on the last day of every month.  Accrued interest is paid up to the date the account is closed.  At our discretion, we many change your interest rate and annual percentage yield at any time.

Minimum Balance Requirements

You must deposit at least $500 to open this account.  If your daily balance is $500 or more, you will be paid the stated annual percentage yield on the entire balance in your account for that day.  If your daily balance is less than $500, the annual percentage yield on the entire balance in the account for that day will be 0.25% less than the stated annual percentage yield in effect.  These balances must be maintained in your account every day to obtain the annual percentage yields applicable to each level.

Balance Computation Method

We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the full balance in the account each day.

Transaction Limitations

Check issuing is not permitted.  You may make six (6) transfers from your account per month.  Deposits and withdrawals made in the bank or through the mail may be made at any time without limit.

*This is a variable account. The rate may change after the account is open.