Rates - Deposits
We strive to provide competitive deposit rates. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. We compute the balance in our share, share draft and share certificate accounts to determine the dividends you will be paid by using the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. We calculate the average daily balance by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
This Rate Schedule states rates applicable to specified accounts and fees common to all accounts. The dividend rate and annual percentage yield stated for the term share accounts were accurate as of
|Account Name||Rate Type||Minimum Opening||Minimum to Earn Div.||APR(1)||APY(2)|
|Certificate Type||Rate Type||Minimum Opening||Minimum to Earn Div.||APR(1)||APY(2)|
|IRA Certificate Type||Rate Type||Minimum Opening||Minimum to Earn Div.||APR(1)||APY(2)|
(2) APY = Annual Percentage Yield
Share/Share Draft Dividend Declaration Date: June 15, 2013
For the Period: Apr 01 - Jun 30, 2013.
Your savings federally insured to at least $250,000 and backed by the full faith and the credit of the United States Government.