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
|