|
Rates Effective May 1, 2008
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
$50,000.00
$100,000.00
|
.10%
.15%
.25%
|
.10%
.15%
.25%
|
A multi-tiered interest bearing checking.
|
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 |
1.49% |
1.50% |
Receive a special rate when you open your savings account online. It's quick, easy and secure. |
| *Statement Savings and Passbook Savings Accounts |
$10.00 |
$10.00 |
1.25% |
1.26% |
Simple, safe and secure Statement or Passbook account with a low minimum balance requirement. |
| *School Savings Account |
$1.00 |
$1.00 |
1.25% |
1.26% |
Students will learn the principles of saving. |
|
*Holiday Club Account
(Statement)
|
$5.00
|
$10.00
|
1.25%
|
1.26%
|
A perfect wasy to save for any special purpose. |
*Holiday Club Account
(Coupon Book) |
$5.00 |
$5.00 |
.75% |
.75% |
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 Accounts
|
$2,500.00
|
$10.00
$2,500.00
$25,000.00
$50,000.00
$100,000.00
|
.50%
1.10%
1.50%
1.75%
1.98%
|
.50%
1.10%
1.51%
1.76%
2.00%
|
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
$100,000.00
|
.25%
2.25%
|
.25%
2.23%
|
The highest yielding checking account with many benefits.
|
Certificates of Deposit
|
Account
|
Minimum Balance to Open
|
Minimum Daily Balance to Earn A.P.Y
|
Interest Rate
|
Annual Percentage Yield
|
Feature
|
|
3 Month Certificate
|
$1,000.00
|
$1,000.00
|
1.88%
|
1.90%
|
Short term secure investment.
|
|
6 Month Certificate
|
$1,000.00 |
$1,000.00 |
1.98% |
2.00% |
A higher rate for a short term secure investment. |
|
6 Month Clipper Ship Certificate
|
$1,000.00
|
$1,000.00
|
2.23%
|
2.25%
|
Special CD providing extra earnings for our Clipper Ship account customers.
|
|
1 Year Certificate
|
$1,000.00
|
$1,000.00
|
2.42%
|
2.45%
|
Guaranteed rate for 1 year.
|
|
1 Year Clipper Ship Certificate
|
$1,000.00
|
$1,000.00
|
2.47%
|
2.50%
|
Special CD providing extra earnings for our Clipper Ship account customers.
|
|
18 Month Certificate
|
$1,000.00
|
$1,000.00
|
2.52%
|
2.55%
|
Medium term secure investment account.
|
|
2 Year Certificate
|
$1,000.00
|
$1,000.00
|
2.62%
|
2.65%
|
Longer term secure investment account.
|
|
3 Year Certificate
|
$1,000.00
|
$1,000.00
|
2.81%
|
2.85%
|
Longer term secure investment account.
|
|
4 Year Certificate
|
$1,000.00
|
$1,000.00
|
3.05%
|
3.10%
|
Longer term secure investment account.
|
|
5 Year Certificate
|
$1,000.00
|
$1,000.00
|
3.43%
|
3.49%
|
Longer term investment account.
|
Individual Retirement Account {IRA}
|
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 |
1.99% |
2.01% |
Retirement investment with a competetive 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. |
| 3 Month Certificate |
$100.00 |
$100.00 |
1.88% |
1.90% |
Short term retirement investement with no monthly maintenance fees. |
|
6 Month Certficiate
|
$100.00
|
$100.00
|
1.98%
|
2.00%
|
Short term retirement investment with no monthly maintenance fees.
|
|
1 Year Certificate
|
$100.00
|
$100.00
|
2.42%
|
2.45%
|
Longer term retirement investment with no monthly maintenance fees.
|
|
2 Year Certificate
|
$100.00
|
$100.00
|
2.62%
|
2.65%
|
Longer term retirement investment with no monthly maintenance fees.
|
|
3 Year Certificate
|
$100.00
|
$100.00
|
2.81%
|
2.85%
|
Longer term retirement investment with no monthly maintenance fee.
|
|
4 Year Certificate
|
$100.00
|
$100.00
|
3.01%
|
3.05%
|
Longer term retirement investment with no monthly maintenance fees.
|
|
5 Year Certificate
|
$100.00
|
$100.00
|
3.43%
|
3.49%
|
Longer term retirement investment with no monthly maintenance fees.
|
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
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