Certificates of Deposit
Certificates of Deposit are those deposits with a contracted maturity that pays interest in correlation to the length of time of the deposit.
There is a $1,000 minimum deposit required to open.
- Interest payment periods can be adjusted to meet your needs
- Early withdrawal penalty of 90 days' interest will apply
Certificates of Deposit**
Rates Effective August 31, 2023
|
|
|
Interest Rate
|
APY*
|
Minimum to
Obtain APY
|
Required to Open
|
|
182 Day
|
2.00%
|
2.01%
|
$0.00
|
$1,000.00
|
|
1 Year
|
4.50%
|
4.55%
|
$0.00
|
$1,000.00
|
|
18 Month
|
3.00%
|
3.02%
|
$0.00
|
$1,000.00
|
|
2 Year
|
3.25%
|
3.28%
|
$0.00
|
$1,000.00
|
|
30 Month
|
3.25%
|
3.28%
|
$0.00
|
$1,000.00
|
|
3 Year
|
3.50%
|
3.53%
|
$0.00
|
$1,000.00
|
|
4 Year
|
3.75%
|
3.79%
|
$0.00
|
$1,000.00
|
|
5 Year
|
4.00%
|
4.04%
|
$0.00
|
$1,000.00
|
* APY = Annual Percentage Yield. The APY assumes funds will remain on the deposit a full year at the advertised rate.
** Funds must remain on deposit until maturity to earn the advertised yield. Substantial interest penalty is required for early withdrawal: 90 day penalty will be assessed on amount withdrawn.
++ At our discretion, we may change the interest rate and APY on the above listed account at any time. The interest rate and annual percentage yield may change after account opening.
Fees could reduce the earnings on the account