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Consumer Investment Rate Information


Rates Effective
July 21, 2008
, 2008 Through July 27, 2008

Annual Percentage Yield (APY)

CDs Under $100,000 (2)

Term  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Balance to Obtain APY  Minimum Opening Deposit 
31 Day  1.500  1.51  31 Days  31 Days  500.00  500.00 
91 Day  1.750  1.76  91 Days  91 Days  500.00  500.00 
6 Month  2.500  2.52  6 Months  6 Months  500.00  500.00 
9 Month  2.500  2.51  9 Months  9 Months  500.00  500.00 
12 Month  2.750  2.77  Semi-Annual  Semi-Annual  500.00  500.00 
18 Month  2.500  2.52  Semi-Annual  Semi-Annual  500.00  500.00 
24 Month  2.500  2.52  Semi-Annual  Semi-Annual  500.00  500.00 
36 Month  2.500  2.52  Semi-Annual  Semi-Annual  500.00  500.00 

CDs $100,000 & Over (2)

Term  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Balance to Obtain APY  Minimum Opening Deposit 
31 Day  2.000  2.02  31 Day  31 Day  100,000.00  100,000.00 
91 Day  2.250  2.27  91 Day  91 Day  100,000.00  100,000.00 
6 Month  3.000  3.02  6 Month  6 Month  100,000.00  100,000.00 
12 Month  3.125  3.15  Semi-Annual  Semi-Annual  100,000.00  100,000.00 

Traditional/Roth IRA CDs (3)

Term  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Balance To Obtain APY  Minimum Opening Deposit 
24 Month Variable Rate PC  3.750  3.79  Semi-Annual  Semi-Annual  50.00  50.00 

Coverdell Education Savings (3)

Term  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Balance To Obtain APY  Minimum Opening Deposit 
24 Month Variable Rate PC  3.750  3.79  Semi-Annual  Semi-Annual  50.00  50.00 

Other Accounts

Term  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Balance To Obtain APY  Minimum Opening Deposit 
Regular Savings*  1.250  1.26  Daily  Quarterly  N/A  10.00 
Prestige Account*  0.250  0.25  Monthly  Monthly  N/A  N/A 
NOW Account*  0.750  0.75  Monthly  Monthly  N/A  1,500.00 

Tiered Super Now Account* (4)

Balance Tiers  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Opening Deposit 
0-2,499.99  .750  0.75  Monthly  Monthly  2,500.00 
2,500.00 & over  1.000  1.00  Monthly  Monthly  2,500.00 

Tiered Money Market Account*(5)

Balance Tiers  Interest Rate  APY (1)  Frequency of Compounding  Frequency of Crediting  Minimum Opening Deposit 
0-2,499.99  0.750  0.75  Monthly  Monthly  2,500.00 
2,500-24,999.99  1.250  1.26  Monthly  Monthly  2,500.00 
25,000-49,999.99  1.375  1.38  Monthly  Monthly  2,500.00 
50,000-99,999.99  1.750  1.76  Monthly  Monthly  2,500.00 
100,000 & over  2.000  2.02  Monthly  Monthly  2,500.00 

 

*These are variable rate accounts and the rate may change after the account is opened.

 

The effect of fees may reduce earnings:

 

(1) The APY assumes interest will remain on deposit for a full year at the advertised rate.  Any withdrawal will reduce earnings.

 

(2) Funds must remain on deposit until maturity to earn the advertised yield.  Substantial interest penalty is required for early withdrawal as follows:  for maturities of one year or less, the interest penalty is thirty-one days interest; for maturities of greater than one year, the interest penalty is ninety-one days interest.

 

(3) This is a variable rate IRA CD.  The interest rate and APY is subject to change every six months.  The rate on this account is based on current market conditions.  PC means "Periodic Contribution".  A $50.00 minimum contribution is allowed on Traditional, Roth, and Education IRAs. IRA transfers or rollovers to another institution and premature distributions are subject to a $50.00 administrative fee. Early withdrawal penalties may also apply.

 

(4) If your Daily Ledger Balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be 1.000% with an APY of 1.00%.  If your Daily Ledger Balance is $2,499.99 or less, the interest rate paid on the entire balance will be 0.750% with an APY of 0.75%.

 

(5) This is a tiered Money Market account. Interest is paid on the daily ledger balance. If your balance is $2,499.00 or less, the interest rate paid on the entire balance in your account will be 0.750% with an APY of 0.75%.  If your balance is $2,500 to 24,999.99 the interest rate paid on the entire balance in your account will be 1.250% with an APY of 1.26%. If your balance is $25,000 to $49,999.99, the interest paid on your entire balance in your account will be 1.375% with an APY of 1.38%. If your balance is $50,000 to $99,999.99, the interest rate paid on the entire balance will be 1.750%with an APY of 1.76%. If your balance is $100,000 or greater, the interest rate paid on the entire balance in your account will be 2.000% with an APY of 2.02%.

 

 

Member of the Federal Deposit Insurance Corporation