Deposit Rates

Effective as of 7/1/2020


Checking Accounts

DescriptionMinimum
Required Balance
Interest RateAnnual Percentage Yield
Essential Checking
$100 to open account. Avoid $3 monthly service charge with eStatements OR direct deposit.
No Minimum Balance0.00%0.00%
eChecking
$100 to open account. $10 nationwide ATM fee refunds; Avoid $10 monthly service charge with eStatements AND Direct Deposit.
No Minimum Balance0.02%0.02%
Connection Checking
$100 to open account. Free initial order of standard checks. $10 nationwide ATM fee refunds. Avoid $10 monthly service charge when balance requirements are met.
$2,500 Minimum Balance OR $10,000 total deposit balance0.02%0.02%

Rates are variable and subject to change after account is opened.  Fees can reduce earnings.

Savings Accounts

Savings AccountsMinimum
Required Balance
Interest RateAnnual Percentage Yield
Statement Savings
$100 to open. Interest compounded daily. $7.50 quarterly service charge if average quarterly balance drops below $100.
$1000.02%0.02%
Advisor's Choice Money Market*
Tiered Account.
$2,500
Daily balance of $0 to $9,999.990.02%0.02%
Daily balance of $10,000 to $49,999.990.05%0.05%
Daily balance of $50,000 to $99,999.990.07%0.07%
Daily balance of $100,000 to $249,999.990.10%0.10%
Daily balance of $250,000 to $499,999.990.15%0.15%
Daily balance of $500,000 or more0.20%0.20%
Christmas Club
Interest credited annually. Early withdrawal will require account to be closed and the forfeiture of interest.
No minimum balance0.02%0.02%

*Interest compounded monthly. $10 service charge per month that the minimum daily balance falls below $2,500.


Certificates of Deposit

DescriptionInterest RateAnnual Percentage Yield
6-month CD0.15%0.15%
12-month CD0.25%0.25%
18-month CD0.35%0.35%
24-month CD0.40%0.40%
36-month CD0.45%0.45%
48-month CD0.50%0.50%
60-month CD0.55%0.55%

$1,000 minimum balance required to open CD. No deposits can be added. Substantial penalties for early withdrawals. Interest credited at maturity on CDs 6 months and less. Quarterly compounding on CDs 9 months and over. Fees may reduce earnings.

IRAs (Traditional, Roth & Educational)

DescriptionInterest RateAnnual Percentage Yield 
12-month Fixed0.25%0.25%
18-month Fixed0.35%0.35%
IRA Savings*
$100 min. balance required. Tiered account.
Daily balance of $0.01 to $49,999.990.05%0.05%
Daily balance of $50,000 to $149,999.990.10%0.10%
Daily balance of $150,000 to $249,999.990.20%0.20%
Daily balance of $250,000 or more0.30%0.30%

$1,000 minimum balance required to open IRA CD. No deposit can be added. Substantial penalties for early withdrawals. Interest compounded quarterly.  Fees may reduce earnings.
*$100 minimum balance required to open. Deposits can be added. Daily compounding. Fees may reduce earnings. Interest rates and annual percentage yields are variable and subject to change without notice. 

Health Savings Account

DescriptionInterest RateAnnual Percentage Yield 
Daily balance of $0 to $1,999.990.02%0.02%
Daily balance of $2,000 to $9,999.990.05%0.05%
Daily balance of $10,000 to $24,999.990.07%0.07%
Daily balance of $25,000 or more0.10%0.10%

$100 minimum daily balance required to avoid a $10 monthly service charge. Interest rates and annual percentage yields are variable and subject to change without notice. 

 

 


Statement Savings

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