Retirement Plans
Rates
Plans designed specifically for your retirement giving you excellent returns and maximum safety.
Transactions are subject to IRS rules and regulations. Please see your account agreements and disclosures for details.
Retirement Certificates of Deposit
$500 minimum to open
The interest rate for your account will be paid until the maturity date of your certificate
- The certificate(s) will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.
- The interest rate and annual percentage yield are fixed. You will be paid this rate semi-annually until maturity.
- After the certificate is opened you may not make deposits into or withdrawals from the principal of this certificate until the maturity date. You may make periodic withdrawals of interest. Withdrawal of interest prior to maturity will reduce earnings.
- We use the daily balance method to calculate the interest on your certificate(s). This method applies a daily periodic rate to the principal in the account each day.
- If any of the deposit is withdrawn before the maturity date, a penalty as shown below will be imposed unless you have reached the age of 59 1/2.
1 Year CD & Under 3 Months Interest
Over 1 Year CD 6 Months Interest
Retirement Savings Account
To open a Passbook Savings Account you must deposit $25.
- Your interest rate and annual percentage yield may change. We may change the interest rate on your account daily.
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- Interest will be accrued on a daily basis and credited and compounded to your account on the last day of each calendar quarter unless the account has an ATM card or ACH activity, then it will be at the end of each monthly statement period.
- We use the daily balance method to calculate interest on your account. This method applies a periodic rate to the daily balance in the account for the period.
- If you close your account before interest is credited, you will receive the accrued interest.