Rates

Open A Certificate of Deposit or Interest Bearing Account Today!

For the most current and accurate rates, please call us at (901) 525-0384.

SAVINGS & INTEREST CHECKING ACCOUNTS

Effective Date: July 29, 2014

Account Name
Minimum Daily Balance
Minimum Deposit APY
Money Mkt Pref
$2,500 – 9,999
$10,000 – 49,999
$50,000 – 99,999
$100,000 OR MORE
-
$2,500
$2,500
$2,500
$2,500
-
0.05%
0.15%
0.20%
0.25%
Special Sav
$500 – 999.99
$1,000 OR MORE
-
$500
$500
-
0.25%
0.30%
Regular Sav                                               $600 OR MORE
-
$100
-
0.25%
Christmas Club $25 0.25%
Checking Plus                                           $2,500 OR MORE                   
-
$500
-
0.02%
Check/Earning
$1,000 – $25,000
$25,000 – 99,999
$100,000 & up
-
$1,000
$1,000
$1,000
-
0.01%
0.01%
0.03%

CERTIFICATE OF DEPOSIT (CD)

Effective Date: July 29, 2014

CD TERM Minimum Deposit Interest Rate APY*
7-31 DAYS $1000 0.01% 0.02%
2 months $1000 0.01% 0.02%
3 months $1000 0.02% 0.03%
6 months $1000 0.05% 0.06%
12 months $1000 0.10% 0.10%
18 months $1000 0.10% 0.10%
24 months $1000 0.15% 0.15%
30 months $1000 0.15% 0.15%
60 months $1000 0.50% 0.50%
IRA Fixed $1000 0.15% 0.15%
IRA Variable $500 0.20% 0.20%

*Assumes reinvestment of interest earned at the stated rate. APY means Annual Percentage Yield. Rates subject to change without notice. Substantial penalty for early withdrawal.

*APY refers to Annual Percentage Yield based on simple interest. *APR refers to Annual Percentage Rate based on simple interest.


RATES Rates may change after the account is opened.TIME PERIOD THE ANNUAL PERCENTAGE YIELD IS OFFERED:

The annual percentage yield assumes the principal remains on deposit until maturity. A withdrawal will reduce earnings.

MINIMUM OPENING DEPOSIT REQUIRED

Minimum amount to open a Certificate of Deposit or IRA Fixed account is $1,000.00 and $500 for IRA Variable.

MINIMUM BALANCE REQUIRED

You must maintain the minimum deposit in your account every day to obtain the annual percentage yield listed above.

EFFECT OF FEES

Fees could reduce the earnings on the account.

EARLY WITHDRAWAL PENALTIES

If any of the deposit is withdrawn before the maturity date (except for death or mental incompetency), a penalty as shown will be imposed:

  • 7 to 31 days—————-Greater of accrued interest or 7 days interest
  • 2 months to 1 year——-30 days interest
  • Exceeding 1 year———-90 days interest

PRODUCT FEATURES

  • This account will automatically renew at maturity.
  • Interest is compounded annually and will be credited to your account or paid monthly, quarterly, semi-annually, or at maturity.

We use the daily balance method to calculate the interest on your account. This method applied a periodic rate to the principal in the account