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Business Rates
APY = Annual Percentage Yield. Fees or penalties may be imposed for early withdrawals. The disclosed dividend rates are variable and may change after the member opens the account(s). Regular Share Savings Accounts require a minimum balance of $5.00. Dividends are calculated and paid monthly based on the average daily balance during the month. Money Market accounts require a minimum deposit of $5000 to open the account. Tier interest rate share accounts will reflect a blended APY on the periodic statement.
Business Share Savings
| Type | Dividend Rate | APY |
|---|---|---|
| Business Regular Share Tiered Rate (Balance $.01 to $4,000.00) | .15 | .15 |
| Business Regular Share Tiered Rate (Balance $4,000+) | .40 | .15 - .40 |
| Business Money Market Share Tiered Rate (Balance $5,000.00 to $25,000.00) | .35 | .35 |
| Business Money Market Share Tiered Rate $25,000.01 to $50,000.00 | .45 | .35-.40 |
| Business Money Market Share Tiered Rate $50,000.01 to $100,000.00 | .55 | .40-.48 |
| Business Money Market Share Tiered Rate $100,000.01 and above | .65 | .48-.64 |
| Business Special Share Club (Balance $.01+) | .40 | .36 |
Business Share Draft Checking
| Type | Dividend Rate |
|---|---|
| Free Business Checking | .00 |
| Business Checking (Balance $.01 to $4,999.99) | .25 |
| Business Checking (Balance $5,000.00 - $24,999.99) | .40 |
| Business Checking (Balance $25,000.00 - $99,999.99) | .50 |
| Business Checking (Balance $100,000.00+) | .65 |
APY = Annual Percentage Yield. Recurring deposits may be made into the certificate through automatic transfers (ATS) only. You may set up recurring deposits through ATS within 30 days after the certificate is purchased. Deposits can be stopped or reduced at any time. This rate will be paid until the certificate matures. Your certificate will automatically renew at the rate in effect at the time of maturity unless we are contacted on or before the maturity date. Upon renewal, the term will be the same as the original term. You have ten calendar days after maturity to redeem your certificate without penalty if you do not want to renew. Dividends will not accrue on the certificate after the maturity date unless it is renewed. A penalty will be imposed for early withdrawal. A minimum daily balance of $500 must be maintained in order to earn the disclosed APY.
Business Share Certificates
| Type | Dividend Rate | APY | Term | Minimum Deposit |
|---|---|---|---|---|
| Business Term Share Certificate | .50 | .50 | 6 | $2,000 |
| Business Term Share Certificate | .50 | .50 | 12 | $500 |
| Business Term Share Certificate | .65 | .65 | 12 | $2,000 |
| Business Term Share Certificate | .70 | .70 | 18 | $2,000 |
| Business Term Share Certificate | .90 | .90 | 24 | $2,000 |
| Business Term Share Certificate | 1.15 | 1.16 | 30 | $2,000 |
| Business Term Share Certificate | 1.20 | 1.21 | 33 | $1,000 |
| Business Term Share Certificate | 1.25 | 1.26 | 36 | $1,000 |
| Business Term Share Certificate | 1.55 | 1.56 | 48 | $1,000 |
| Business Term Share Step-up Certificate | 1.85 | 1.87 | 59 | $5,000 |
| Business Term Share Certificate | 2.00 | 2.02 | 60 | $1,000 |
| Business Jumbo Certificate (20 basis point over basic rate) | n/a | n/a | n/a | $75,000 |
| Business SUPER Jumbo Certificate (45 basis points over basic rate) | n/a | n/a | n/a | $250,000 |
