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Dividend Rates
Effective December 1, 2009
Reward Checking (Monthly Dividends)
| Dividend Rate | Yield |
Minimum Required |
| Up to 3.98 (APR) - see below | Up to 4.05 (APY) - see below | $0 |
4.05% Annual Percentage Yield (APY) paid on balances between one penny and $35,000, and 1.25% APY paid on all amounts above $35,000 each month the minimum requirements are met. If you do not meet the requirements per month, your account will still function as a free checking account earning 0.15% APY; however, it will not receive ATM refunds for that time period. Rates effective 12/01/09. We may change the interest rate and APY at any time after the account is opened. No minimum balance required. Available to personal accounts only. No monthly service charge. Requirements for the 4.05% interest rate include: 1) at least ten debit card purchase transactions per month, 2) a minimum of one direct deposit or electronic withdrawal per month, 3) receive statement electronically, and 4) use online banking at least once per month.
Share Savings (Quarterly Dividends)
Includes Christmas Club and Vacation Club
| Dividend Rate | Yield (Requires average daily balance of $300.00) |
| .30 (APR) | .30 (APY) |
Certificate Builder (Quarterly Dividends)
| Dividend Rate |
Yield |
Minimum Required |
| 1.24 (APR) | 1.25 (APY) | $25 |
Money Manager (Monthly Dividends)
|
Balance |
Dividend Rate |
Yield |
| $1,000 to $9,999 | 0.49 (APR) | 0.50 (APY) |
| $10,000 to $24,999 | 0.698 (APR) | 0.70 (APY) |
| $25,000 to $49,999 | 0.896 (APR) | 0.90 (APY) |
| $50,000 + | 1.09(APR) | 1.10 (APY) |
Share Certificate (Quarterly Dividends)
| Maturity Term | Dividend Rate | Yield | Minimum Required |
| 6 Month | 1.24 (APR) | 1.25 (APY) | $1,000 |
| 7 Month | 1.24 (APR) | 1.25 (APY) | $1,000 |
| 7 Month with checking or direct deposit | 1.29 (APR) | 1.30 (APY) | $1,000 |
| 7 Month with checking and direct deposit | 1.34 (APR) | 1.35 (APY) | $1,000 |
| 12 Month | 1.44 (APR) | 1.45 (APY) | $ 500 |
| 15 Month | 1.44 (APR) | 1.45 (APY) | $1,000 |
| 15 Month with checking or direct deposit | 1.49 (APR) | 1.50 (APY) | $1,000 |
| 15 Month with checking and direct deposit | 1.54 (APR) | 1.55 (APY) | $1,000 |
| 24 Month | 1.94 (APR) | 1.95 (APY) | $1,000 |
| 24 Month Monthly Dividend Transfer |
1.94 (APR) | 1.94(APY) | $1,000 |
| 36 Month | 2.28 (APR) | 2.30 (APY) | $1,000 |
IRA (Quarterly Dividends)
| IRA Type | Dividend Rate |
Yield |
| Traditional | 1.24 (APR) | 1.25 (APY) |
| Roth | 1.24 (APR) | 1.25 (APY) |
| Education | 1.24 (APR) | 1.25 (APY) |
APY (Annual Percentage Yield) is a percentage rate reflecting the total amount of dividends paid on an account. It includes any effects of compounding, assumes the principle and all dividends earned remain in the account for 365 days and assumes the dividend rate does not increase or decrease.
All dividend rates are declared monthly by the Board of Directors and subject to change without notice.
Dividends are paid from current income and available earnings after required transfers to reserves have been made at the end of the dividend period.