|
|
Effective December 4, 2003
Freedom Savers
...is a tiered savings program that allows you to earn more when you save more.
- Requires $100 to open account**
- Tiered levels of $5,000, 10,000, and 25,000 determines interest rate to be paid
- Six telephone transfers or preauthorized debits are allowed each month
- Unlimited withdrawals if you withdraw in person
- Quarterly statement is provided
|
Tier Levels |
Interest Rate |
Annual Percentage Yield |
|
0.00 - $5000.00 |
.60% |
.60% |
|
$5000.01 - $10,000.00 |
.70% |
.70% |
|
$10,000.01 - 25,000.00 |
.80% |
.80% |
|
Over $25,000.00 |
.90% |
.90% |
True Savers
...is a savings program that allows you to earn more than Freedom Savers.
- Requires $100 to open account**
- Minimum of 3 withdrawal per month, $3.00 fee over 3
- Six telephone transfers or preauthorized debits are allowed each month
- Quarterly statement is provided
|
Opening Deposit |
Interest Rate |
Annual Percentage Yield |
|
$100 |
.70% |
.70% |
...it's a smart move to open a Smart Money account, Smart Money offers you the benefits of an investment account with the access of a checking account. Plus, it's a smart way to save money while earning a very competitive interest rate. It's a great way to make the most of your investment!
Smart Checking*
- Requires $2,500 to open
- Unlimited check writing
- ATM/Check Card Available
- Statements mailed monthly
- First 50 free customized checks
Smart Savings*
- Requires $5,000 to open
- 5 withdrawals per month allowed, $15 Per withdrawal over 5
- Statements mailed monthly
|
Account |
Minimum Opening & Minimum Deposit to Earn APY |
Interest Rate |
Annual Percentage Yield |
|
Smart Checking |
$2,500 |
1.59% |
1.60% |
|
Smart Savings |
$5,000 |
1.89% |
1.90% |
These are variable rate accounts and are subject to change quarterly. Fees may reduce earnings. If balance falls below required minimum opening balance, a monthly fee of $15.00 will be assessed to the account. There will be a $25.00 charge and loss of accrued interest for closing the account within 90 days of opening. Must open both accounts to earn stated annual percentage yield.
Certificate Of Deposits
...are designed for people who want to invest their money for a specified period of time. A variety of terms and competitive interest rates make our CD's a popular investment option.
- Minimum opening requirements vary depending on the term of the CD
- Interest rates guaranteed for term of certificate
- Automatically renewable
- Substantial penalty for early withdrawal
|
Term |
Minimum Opening & Minimum Deposit to Earn APY |
Interest Rate |
Annual Percentage Yield |
|
91 Days |
$500 |
.90% |
.90% |
|
182 Days |
$500 |
1.00% |
1.00% |
|
12 Month |
$500 |
1.14% |
1.15% |
|
18 Month |
$500 |
1.39% |
1.40% |
|
24 Month |
$500 |
1.59% |
1.60% |
|
30 Month |
$500 |
1.89% |
1.90% |
|
36 Month |
$500 |
2.03% |
2.05% |
|
48 Month |
$500 |
2.38% |
2.40% |
|
60 Month |
$500 |
2.77% |
2.80% |
· Individual Retirement Accounts
...help individuals to save money and plan for their retirement.
- Minimum opening requirements vary depending on the term of the investment
- IRA's are available in fixed and variable term
- Interest earned on IRA's is deferred until the funds are withdrawn for retirement
- If age 59 1/2 or older, withdrawals are allowed from your IRA without penalty
|
Account |
Minimum Opening & Minimum Deposit to Earn APY |
Interest Rate |
Annual Percentage Yield |
|
Management Account |
$100 |
2.50% |
2.52% |
|
18 month variable |
$500 |
1.49% |
1.50% |
|
18 month fixed |
$500 |
1.39% |
1.400% |
|
36 month |
$500 |
2.03% |
2.05% |
All Rates listed are subject to change without notice.
Federal Regulations on Certificates of Deposit may require an early withdrawal penalty.
*Rate may change for SMART, NOW, Money Market, and Statement Savings accounts after the accounts are opened and fees may reduce earnings
**Does not require a minimum deposit to earn the APY
Member FDIC