Rates effective as of 12/12/2024
APY = Annual Percentage Yield
5Star Checking Learn More
| Balance | Minimum Required Opening Deposit | Minimum Balance to Receive Quoted APY¹ | Minimum Balance to Avoid Service Charge² | Interest Rate | APY |
|---|---|---|---|---|---|
| $0 - $1,000 | $50 | $0.01 | $1,000.00 | 0.00% | 0.00% |
| $1,000-$499,000 | $50 | $1,000 | $1,000.00 | 0.55% | 0.55% |
| $500,000-$999,999 | $50 | $500,000 | $1,000.00 | 0.994% | 1.00% |
| $1,000,000+ | $50 | $1,000,000 | $1,000.00 | 1.25% | 1.25% |
¹ Interest is calculated using daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day for the period. The period we use is the Statement Cycle.
² The service charge is assessed on the average daily balance in the account which is calculated by adding the full amount of the principal (current balance) in the account for each day of the month and dividing that figure by the number of days in the month.
Basic Savings Learn More
| Balance | Interest Rate | APY |
|---|---|---|
| $0 + | 1.12% | 1.13% |
Interest is calculated using daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day for the period. The period we use is the Statement Cycle.
Money Market Learn More
| Balance | Minimum Deposit to Open Account | Minimum Balance to Receive Quoted APY1 | Minimum Balance to Avoid Service Charge2 |
Interest Rate |
APY |
|---|---|---|---|---|---|
| $1,000 - $9,999 | $1,000 | $1,000 | $1,000 | 0.50% | 0.50% |
| $10,000 - $24,999 | $1,000 | $10,000 | $1,000 | 0.75% | 0.75% |
| $25,000 - $49,999 | $1,000 | $25,000 | $1,000 | 0.994% | 1.00% |
| $50,000 - $99,999 | $1,000 | $50,000 | $1,000 | 1.24% | 1.25% |
| $100,000 - $249,999 | $1,000 | $100,000 | $1,000 | 1.49% | 1.50% |
| $250,000 - $499,999 | $1,000 | $250,000 | $1,000 | 1.74% | 1.75% |
| $500,000 - $999,999 | $1,000 | $500,000 | $1,000 | 1.98% | 2.00% |
| $1,000,000+ | $1,000 | $1,000,000 | $1,000 | 2.47% | 2.50% |
1 Interest is calculated using the average daily balance method which applies the daily periodic rate to the full amount of the principal (collected balance) in the account each day. Fees could reduce earnings on deposit accounts. For time deposit accounts, a substantial penalty may be imposed for early withdrawal of principal.
2 The service charge is assessed on the average daily balance in the account which is calculated by adding the full amount of the principal (current balance) in the account for each day of the month and dividing that figure by the number of days in the month.
Note: All rates are variable except for CD's and fixed rate IRA's. For variable rate accounts, rates are subject to change after the account is opened at the Bank's discretion. Variable IRA rates are subject to change monthly, and are indexed to Treasury Securities with matching maturities as published in the Wall Street Journal the second Thursday of each month.
Certificates of Deposit (CD) Learn More
| Balance | Min Deposit to Opening Account | Minimum Balance to Receive Quoted APY1 | Interest Rate | APY |
|---|---|---|---|---|
| 6 Month CD $1,000 - $24,999 |
$1,000 | $1,000 | 4.25% | 4.34% |
| 6 Month CD $25,000+ |
$1,000 | $25,000 | 4.35% | 4.45% |
| 1 Year CD/IRA | $1,000 | $1,000 | 3.68% | 3.75% |
| 18 Month CD/IRA | $1,000 | $1,000 | 3.44% | 3.50% |
| 2 Year CD/IRA | $1,000 | $1,000 | 2.71% | 2.75% |
| 30 Month CD/IRA | $1,000 | $1,000 | 2.96% | 3.00% |
| 3 Year CD/IRA | $1,000 | $1,000 | 2.47% | 2.50% |
| 4 Year CD/IRA | $1,000 | $1,000 | 2.23% | 2.25% |
| 5 Year CD/IRA | $1,000 | $1,000 | 1.98% | 2.00% |
| 24 Month Variable IRA | $250 | $250 | 4.15% | 4.24% |
| 36 Month Variable IRA | $250 | $250 | 4.09% | 4.17% |
| 60 Month Variable IRA | $250 | $250 | 4.13% | 4.21% |
1 Interest is calculated using the average daily balance method which applies the daily periodic rate to the full amount of the principal (collected balance) in the account each day. Fees could reduce earnings on deposit accounts. For time deposit accounts, a substantial penalty may be imposed for early withdrawal of principal.
Note: All rates are variable except for CD's and fixed rate IRA's. For variable rate accounts, rates are subject to change after the account is opened at the Bank's discretion. Variable IRA rates are subject to change monthly, and are indexed to Treasury Securities with matching maturities as published in the Wall Street Journal the second Thursday of each month.
Current Rates as of December 19, 2022
| Description | |
|---|---|
| Community Bank Leverage Capital Ratio as of (applicable quarter, presently June 30, 2021) | 11.47% |
| Total Assets as of June 30, 2021 | $382 Million |
| Bauer Financial Reports | 'Five Stars' (highest rating) |
| Prime Rate | 8.25% |
| Cash Reserve APR (Variable Monthly) | 12.75% |