Rates effective January 21, 2020 - January 27, 2020
APY -- Annual Percentage Yield -- assumes principal and interest/dividends remain on deposit for the entire year. Withdrawals will reduce earnings on the account.
ADB = Average Daily Balance.
1) Interest and dividends are paid and compounded monthly based on the average daily balance on all accounts except the Money Market Account. 2) A $5 fee is assessed if the average daily balance falls below $500. 3) Money Market Account interest is compounded daily and paid monthly. 4) Penalty for early withdrawal from certificates. See "Truth-in-Savings Disclosure" for further information. 5) After issue date, rate may adjust twice during the term. Term is divided into three equal periods and rate adjusts on anniversary date of each subsequent period. Rate will adjust to current rate for like fixed rate certificate term less a margin (.10% for 36 months; .25% for 60 months). Rate may increase or decrease, but will never be lower than rate earned on issue date.
No annual fee; 25 day grace period on purchases if payment is made in full by due date. See application for complete terms and conditions. (1) Rates may vary with the market based on the Prime Rate quoted in the Wall Street Journal. The Prime Rate plus the margin equal the Annual Percentage Rate (APR). The margin will be based on creditworthiness. APR can change on the first day of the billing cycle in the month following a change in the Prime Rate. We will use the Prime Rate as of the 15th day of the month before the month of any APR adjustment.