|
Rates Effective March 1, 2010
Checking Accounts
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
Feature
|
| Basic Checking Account |
$10.00 |
N/A |
N/A |
N/A |
Simple free checking
with no minimum
balance requirements. |
| *NOW Account |
$10.00 |
$10.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 + |
0.05%
0.05%
0.05% |
0.05%
0.05%
0.05% |
A multi-tiered interest
bearing checking
account. |
Savings Accounts
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
Feature
|
*Online Savings
Account |
$10.00 |
$10.00 |
0.75% |
0.75% |
Open a savings account
online for a convenient,
fast and simple way to start
saving. |
*Statement Savings
and Passbook
Savings Accounts |
$10.00 |
$10.00 |
0.60% |
0.60% |
Simple, safe and secure
Statement or Passbook
account with a low
minimum balance
requirement.
|
*School Savings
Account |
$1.00 |
$1.00 |
0.60% |
0.60% |
Students will learn the
principles of saving. |
*Holiday Club
Account |
$5.00 |
$5.00 |
0.60% |
0.60% |
A perfect way to save for any
special purpose. |
*Holiday Club
Account (Coupon
Book) |
$5.00 |
$5.00 |
0.50% |
0.50% |
Convenient Coupon Book
for easy payment tracking. |
Money Markets
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
Feature
|
*Money Market
Account |
$2,500.00 |
$10.00 - $2,499.99
$2,500.00 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 + |
0.25%
0.60%
0.70%
0.85%
1.00% |
0.25%
0.60%
0.70%
0.85%
1.00% |
A multi-tiered interest
bearing account
offering higher rates on
higher deposit balances. |
Clipper Ship Investment Checking Account
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
Feature
|
*Clipper Ship
Investment Checking
Account |
$100,000.00 |
$10.00 - $99,999.99
$100,000.00 + |
0.10%
1.00% |
0.10%
1.00% |
The highest yielding
checking account
with many benefits. |
Certificate of Deposit
Short and long term Certificates of Deposit are an excellent way to safely preserve principal while earning a higher rate of interest.
Account
|
Minimum Balance
to Open |
Minimum Daily
Balance to Earn A.P.Y. |
Interest
Rate |
Annual Percentage
Yield |
| 3 Month Certificate |
$1,000.00 |
$1,000.00 |
0.60% |
0.60% |
| 6 Month Certificate |
$1,000.00 |
$1,000.00 |
0.75% |
0.75% |
6 Month Clipper
Ship Certificate |
$1,000.00 |
$1,000.00 |
0.85% |
0.85% |
| 1 Year Certificate |
$1,000.00 |
$1,000.00 |
1.00% |
1.00% |
1 Year Clipper
Ship Certificate |
$1,000.00 |
$1,000.00 |
1.10% |
1.10% |
| 18 Month Certificate |
$1,000.00 |
$1,000.00 |
1.00% |
1.00% |
|
18 Month Clipper
Ship Certificate
|
$1,000.00 |
$1,000.00 |
1.24% |
1.25% |
| 2 Year Certificate |
$1,000.00 |
$1,000.00 |
1.49% |
1.50% |
| 3 Year Certificate |
$1,000.00 |
$1,000.00 |
1.79% |
1.80% |
| 4 Year Certificate |
$1,000.00 |
$1,000.00 |
1.98% |
2.00% |
| 5 Year Certificate |
$1,000.00 |
$1,000.00 |
2.23% |
2.25% |
Individual Retirement Accounts {IRAs}
Account
|
Minimum Balance
to Open
|
Minimum Daily Balance
to Earn A.P.Y
|
Interest
Rate |
Annual Percentage
Yield |
Feature
|
*IRA Statement
Savings |
$100.00 |
$100.00 |
0.75% |
0.75% |
Retirement investment
with a competitive
interest rate for
retirement savings. |
| *Money Market IRA |
$100.00 |
$100.00 |
See
Money Market
Account
rates
|
See
Money Market
Account
rates
|
Retirement investment
with a multi-tiered
interest bearing account
offering higher rates on
higher deposit balances. |
Individual Retirement Account {IRA} Certificate of Deposit
Our short and long term IRA CDs can help you save for a more secure future.
Account
|
Minimum Balance
to Open |
Minimum Daily
Balance to Earn A.P.Y. |
Interest
Rate |
Annual Percentage
Yield |
| 3 Month Certificate |
$100.00 |
$100.00 |
0.60% |
0.60% |
| 6 Month Certificate |
$100.00 |
$100.00 |
0.75% |
0.75% |
| 1 Year Certificate |
$100.00 |
$100.00 |
1.24% |
1.25% |
| 2 Year Certificate |
$100.00 |
$100.00 |
1.49% |
1.50% |
| 3 Year Certificate |
$100.00 |
$100.00 |
1.79% |
1.80% |
| 4 Year Certificate |
$100.00 |
$100.00 |
2.33% |
2.35% |
| 5 Year Certificate |
$100.00 |
$100.00 |
2.96% |
3.00% |
Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
*Variable rate accounts- rates are subject to change at any time after the account is opened.
Contact a bank representative for further information about applicable fees and terms.
Member FDIC Member DIF
|
