Deposit Accounts
How interest is calculated: Interest is calculated daily on the account's closing balance using a 365-day basis, accumulated and paid on the last business day of each month, quarter, or year. Available for withdrawal on the first business day of the following period.
| Account Type | Rate & Frequency |
|---|---|
| Personal Savings | 1.00% Quarterly |
| Money Market Checking | 0.25% Monthly |
| 3-Month TCD | 1.00% Annually |
| 6-Month TCD | 1.50% Annually |
| 9-Month TCD | 1.75% Annually |
| 1-Year TCD | 2.00% Annually |
| 2-Year TCD | 4.00% Annually |
TCD = Time Certificate of Deposit. Rates subject to change. Contact any branch for current terms.
Loan Accounts
How interest is calculated: Interest accrues each calendar day on the unpaid balance. Payments are applied first to late fees, then to accrued interest, then to principal. Formula: Principal × Rate × Days ÷ 365.
| Loan Type | Annual Rate |
|---|---|
| Business Loan | View on Loans page › |
| Line of Credit | 15% |
| Consumer Loans | 15% |
| Quick Loans | 15% |
| Micro Loans | 7% |
| Student Tuition Loan | 7% |
Rates are annual percentage rates (APR). Actual rate may vary. Contact a branch officer for full disclosure.