Deposits

DEPOSIT RATES

Effective: 04/26/2016
Rates subject to change without notice.


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STATEMENT SAVINGS ACCOUNT
Minimum to open: $250.00

Minimum Balance
Rate
Annual Percentage Yield
$250 to $9,999.99
0.15%
0.15%
$10,000 to $24,999.99
0.25%
0.25%
$25,000 to $250,000
0.30%
0.30%

You must maintain a minimum daily balance of $250.00 to obtain the disclosed Annual Percentage Yield and assumes the funds remain on deposit for one year. Federal regulation limits the number of third party or pre-authorized transfers or transfers made by telephone from this account to six (6) per month. No checks may be written on these accounts. Fee charged for transactions over the limit. Fees and withdrawal of interest may reduce earnings. At our discretion, we may change the interest rate on your account at anytime without prior notice after the account is opened.


PASSBOOK SAVINGS ACCOUNT

Deposit or withdraw anytime, no penalites. Minimum to open: $50.00

Minimum Balance
Rate
Annual Percentage Yield
$50 to $4,999.99
0.10%
0.10%
$5,000 to $14,999.99
0.15%
0.15%
$15,000 to $24,999.99
0.20%
0.20%
$25,000 to $250,000
0.25%
0.25%

Accounts below the $50 minimum deposit will not earn any interest. At our discretion, we may change the interest rate on your account at anytime without prior notice after the account is opened.

Effective Immediately: Savings deposits are limited to a $50,000 maximum per account, per month.


CLUB SAVINGS PLANS
Deposit any amount through the year up to a maximum of $1,200.

  • Vacation Club begins May 1st and pays out on April 25 the following year
  • Christmas Club begins Nov 1st and pays out on October 25 the following year
  • Interest rate 0.10% Annual percentage yield: 0.10%
  • No fees, no withdrawals through the year; funds only paid out on maturity date.

CURRENT CERTIFICATE OF DEPOSIT RATES

Term
Minimum to Open
Interest Rate
Annual Percentage Yield (APY)
03 Months
$500
0.25%
0.25%
06 Months
$500
0.25%
0.25%
07 Months
$500
0.27%
0.27%
09 Months
$500
0.30%
0.30%
11 Months
$500
0.28%
0.28%
12 Month
$500
0.40%
0.40%
15 Month
$500
0.50%
0.50%
24 Month
$500
0.65%
0.65%
30 Month
$500
0.70%
0.70%
36 Month Special
$500
1.39%
1.40%
48 Months
$500
0.85%
0.85%
60 Month Special
$500
1.74%
1.75%
  • Annual Percentage Yield (APY) assumes interest remains on deposit
  •  All certificates require a $500 minimum opening balance, however IRA (Traditional or Roth) and Educational Savings Accounts available for 12 to 60 month terms, with a $250 minimum deposit to open the account.
  • Opening balance of $5,000 or more to receive monthly interest check.

THESE RATES SUBJECT TO CHANGE. SUBSTANTIAL PENALTY FOR EARLY WITHDRAWAL, FEES MAY REDUCE EARNINGS. APY CALCULATED ON QUARTERLY INTEREST PAYMENTS CAPITALIZED TO ACCOUNT. TO CONFIRM CURRENT RATES AND FEES, PLEASE CALL 610-845-3353. ADDITIONAL ACCOUNT INFORMATION CAN BE FOUND IN OUR “DISCLOSURE OF ACCOUNT TERMS” AVAILABLE AT THE BANK.

 


IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, physical address, date of birth, social security number, driver’s license and other information that will allow us to identify you. We appreciate your cooperation and help in building a safer community.


Member FDIC