Understanding College Funding

 

 

Understanding Retirement Income

Rates

EFFECTIVE AS OF JUNE 24, 2008

Account Name Interest Rate APY*
Value Checking Plus
0.15%
0.15%
Maxim 50 Checking Account
0.15%
0.15%
Maxim 50 Checking Plus Account
0.15%
0.15%
NOW Account
0.50%
0.50%
Super NOW Account
0.65%
0.65%
Money Market Deposit Account
0.65%
0.65%
Statement Savings
0.40%
0.40%
Passbook Savings
0.15%
0.15%
HSA Health Plan 0.15% 0.15%
* INTEREST RATES ARE SUBJECT TO CHANGE,
PLEASE CONTACT US FOR UPDATED INFORMATION.
FEES COULD REDUCE THE EARNINGS ON THE ACCOUNT.

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Certificates of Deposit

Term
Minimum Balance
Interest Rate
APY*
91 Day $ 2,500 2.00% 2.00%
182 Day $ 2,500 2.25% 2.25%
6 M Penalty Free $ 2,500 1.95% 1.95%
12 Months $ 1,000 2.34% 2.35%
17 M Penalty Free $ 5,000 2.24% 2.25%
18 Months $ 1,000 2.53% 2.55%
24 Months $ 1,000 2.78% 2.80%
30 Months $ 1,000 2.83% 2.85%
36 Months $ 1,000 2.88% 2.90%
48 Months $ 1,000 3.03% 3.05%
60 Months $ 1,000 3.52% 3.55%
*APY = Annual Percentage Yield

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Individual Retirement Accounts

Type
Interest Rate
APY*
12 Months 2.34% 2.35%
18 Months 2.53% 2.55%
24 Months 2.78% 2.80%
30 Months 2.83% 2.85%
36 Months 2.88% 2.90%
48 Months 3.03% 3.05%
60 Months 3.52% 3.55%
Savings IRA
(equivalent to the passbook rate)
0.15% 0.15%
*APY = Annual Percentage Yield

  A penalty will be imposed for early withdrawal.

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