Effective 4/11/2012
What is the insurance limit?
Deposits in checking accounts, savings accounts, money market savings accounts and Certificates of Deposit (CDs) are insured up to $250,000 per depositor under the FDIC's general deposit insurance rules. Deposits in bank individual retirement accounts (IRAs) are separately insured up to $250,000 per owner.
Notice Of Changes In Temporary FDIC Insurance
Coverage For Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 , through December 31, 2012 . This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. To learn more, contact the FDIC toll-free at 1.877.ASK.FDIC (1.877.275.3342) or visit www.fdic.gov.
Serving the Needs of the Community
Since 1873
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Certificates of Deposit
($1,000 minimum)
(Penalty may be imposed for early withdrawal)
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Term
|
Interest Rate
|
Annual
Percentage
Yield
|
|
4 - 6 months
|
0.35%
|
0.35%
|
|
7 - 12 months
|
0.60%
|
0.60%
|
|
13 - 24 months
|
0.85%
|
0.85%
|
|
25 - 42 months
|
1.10%
|
1.10%
|
|
36 month
(bump-up)
|
1.05%
|
1.05%
|
|
43 - 59 months
|
1.35%
|
1.35%
|
|
60 months
|
1.74%
|
1.75%
|
Dividends Compounded Daily, credited
monthly Substantial penalty for early with-
drawal *Annual Percentage Yield assumes
funds remain on deposit for one year or the
term of the certificate if greater
|
|
|
Interest Rate
|
Annual
Percentage
Yield
|
|
Statement Savings
|
0.20%
|
0.20%
|
|
($50.00 Minimum)
|
|
|
| Now Checking |
0.15%
|
0.15%
|
| Internet Checking |
0.15%
|
0.15%
|
| IRA Statement |
0.50%
|
0.50%
|
| Money Market |
|
|
| ($2,500 Minimum) |
0.25%
|
0.25%
|
| ($10,000 Minimum) |
0.30%
|
0.30%
|
Premium
Money Market |
|
|
| ($40,000 Minimum) |
0.50%
|
0.50%
|
1. Fees or other conditions could reduce
the earnings. (See separate disclosure for
full details of minimum deposit requirements,
fees and applicable charges.
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