Rates

 

Checking & Savings Rates

Annual Percentage Yield Accurate as of 04/18/2017

Blue Chip (Monthly) ** 1

Tier Rate APY Minimum Deposit Penalty
$0 - $15,000 3.10% 3.14% 50 N/A
Balances over $15,000 0.20% 0.20% N/A N/A
If requirements are not met 0.01% 0.01% N/A N/A

Basic Blue

Tier Rate APY Minimum Deposit Penalty
N/A N/A N/A $50 $3.00 fee if balance falls below $100.00

Coffee Club (Monthly) ** 2

Tier Rate APY Minimum Deposit Penalty
N/A 0.10% 0.10% $1,000 $3.00 fee if balance falls below $1,000.00

Money Market (Monthly) **

Tier Rate APY Minimum Deposit Penalty
$0 - $4,999.99 0.10% 0.10% $1,000.00 $3.00 fee if balance falls below $1,000.00
$5,000 - $19,999.99 0.15% 0.15% N/A N/A
$20,000 - above 0.25% 0.25% N/A N/A

Personal / Business Savings (Quarterly) ** 3

Tier Rate APY Minimum Deposit Penalty
$0 - $24,999.99 0.10% 0.10% $50 $.50 fee if balance falls below $50.00
$25,000 - $49,999.99 0.25% 0.25% N/A N/A
$50,000 - above 0.40% 0.40% N/A N/A

Super Christmas Club (Annually) ** 4 & 6

Tier Rate APY Minimum Deposit
$0 - $2,000.00 0.50% 0.50% $1
$2000.01 - above 0.10% 0.10% N/A

Vacation Club (Annually) ** 5 & 6

Tier Rate APY Minimum Deposit
$0 - $2,000.00 0.50% 0.50% $50
$2000.01 - above 0.10% 0.10% N/A

Bill the Reader (Quarterly) ** 7

Tier Rate APY Minimum Deposit
N/A 0.10% 0.10% $50

Health Savings Account (Monthly) **

Tier Rate APY Minimum Deposit
N/A 1.00% 1.00% $100

Certificate of Deposit & Individual Retirement Account Rates **

Term Rate APY Minimum Deposit Frequency of Compounding Early Withdrawal Penalty
3 Month CD 0.20% 0.20% $1,000 Quarterly 30 days interest
6 Month CD 0.25% 0.25% $1,000 Semi-Annual 30 days interest
12 Month CD 0.50% 0.50% $500 Semi-Annual 30 days interest
18 Month CD 0.60% 0.60% $500 Semi-Annual 90 days interest
24 Month CD 0.75% 0.75% $500 Semi-Annual 90 days interest
30 Month CD 0.85% 0.85% $500 Semi-Annual 90 days interest
36 Month CD 1.00% 1.00% $500 Semi-Annual 90 days interest
48 Month CD 1.50% 1.51% $500 Semi-Annual 180 days interest
60 Month CD 2.00% 2.01% $500 Semi-Annual 180 days interest

** APY = Annual Percentage Yield / The APY assumes interest remains on deposit. A withdrawal will reduce earnings.

** Rates are subject to change at any time without notice.

** Under Regulation D the right is reserved to require a written notice of not less than 7 days before a withdrawal is made.

** We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.

** Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Accrued interest less that $1.00 will not be paid upon account closing.

** Fees may reduce the earnings on the accounts.

 

1 - For Blue Chip Checking Account, accountholders must have 20 or more Visa Debit Card transactions and receive e-statements to receive interest rate. Blue Chip Checking Accounts closed before interest is credited will not receive

the accrued interest.

2 - For Coffee Club Checking Account, accountholders must be 55 years of age or older. A service charge fee of $3 is assessed if the minimum balance of $1,000 is not met.

3 - For Personal / Business Savings, there is a $0.50 charge for each withdrawal in excess of 3 per four-week period.

4 - For Super Christmas Club Accounts, no withdrawals will be permitted, except to close the account.

5 - For Vacation Club Accounts, a limit of two withdrawals per calendar year are allowed. Penalties for excess withdrawals will be forfeiting all accrued interest and the account will be closed.

6 - For Super Christmas and Vacation Club, the accounts require a minimum of a monthly deposit of no less than $1 to be credited to the account from a Crossroads Bank checking or savings account via the bank's automatic transfer system.

7 - For Bill the Reader Accounts, bring your report card to the bank with an "A" in Reading (limit one per school quarter).