|
|
Rates
Rates effective as of 7/26/2010
Certificate of Deposit Rates
Individual Retirement Account Rates |
Account Type |
Frequency of Compounding |
Minimum Deposit |
Minimum Balance to Earn APY* |
Interest Rate |
APY* |
3 Month CD |
# Quarterly |
$1,000.00 |
$1,000.00 |
1.25% |
1.26% |
6 Month CD |
# Semi-Annually |
$1,000.00 |
$1,000.00 |
1.40% |
1.40% |
12 Month CD |
# Semi-Annually |
$500.00 |
$500.00 |
1.60% |
1.61% |
18 Month CD |
@ Semi-Annually |
$500.00 |
$500.00 |
1.75% |
1.76% |
24 Month CD |
@ Semi-Annually |
$500.00 |
$500.00 |
2.00% |
2.01% |
30 Month CD |
@ Semi-Annually |
$500.00 |
$500.00 |
2.25% |
2.26% |
36 Month CD |
@ Semi-Annually |
$500.00 |
$500.00 |
2.50% |
2.52% |
48 Month CD |
& Semi-Annually |
$500.00 |
$500.00 |
2.85% |
2.87% |
60 Month CD |
& Semi-Annually |
$500.00 |
$500.00 |
3.00% |
3.02% |
- *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
- Rates are subject to change at any time without notice.
- Certificates not automatically renewed will not earn interest after maturity. All certificates may be automatically renewable unless noted otherwise. There is a 10 day grace period on automatically renewed CDs.
- IRA Certificates will automatically renew.
- A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
- # - Penalty for early withdrawal equal to 30 days interest
- @ - Penalty for early withdrawal equal to 90 days interest
- & - Penalty for early withdrawal equal to 180 days interest
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
|
^top
| Effingham First CD Rates |
Account Type |
Frequency of Compounding |
Minimum Deposit |
Minimum Balance to Earn APY* |
Interest Rate |
APY* |
6 Month Variable CD |
# N/A |
$1,000.00 |
$1,000.00 |
0.75% |
0.75% |
12 Month Variable CD |
# N/A |
$1,000.00 |
$1,000.00 |
1.00% |
1.00% |
- *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
- Rates are subject to change at any time without notice.
- For variable rate accounts the rate may change after the account is opened.
- Certificates are automatically renewed.
- A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
- # - Penalty for early withdrawal equal to 30 days interest
- @ - Penalty for early withdrawal equal to 90 days interest
- & - Penalty for early withdrawal equal to 180 days interest
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
|
^top
| Opportunity CD Rate |
Account Type |
Frequency of Compounding |
Minimum Deposit |
Minimum Balance to Earn APY* |
Interest Rate |
APY* |
33 Month Opportunity CD |
# At Each 11 Month Interval |
$1,000.00 |
$1,000.00 |
See Below |
1.98% |
|
1-11 Months |
|
|
1.70% |
|
|
12-22 Months |
|
|
2.00% |
|
|
23-33 Months |
|
|
2.25% |
|
- *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
- Rates are subject to change at any time without notice.
- Withdrawal at month 11 & 22 allowed with no penalty, 10 day grace period.
- Certificates not automatically renewed will not earn interest after maturity. All certificates may be automatically renewable unless noted otherwise. There is a 10 day grace period on automatically renewed CDs.
- A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
- # - Penalty for early withdrawal equal to 30 days interest
- @ - Penalty for early withdrawal equal to 90 days interest
- & - Penalty for early withdrawal equal to 180 days interest
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
|
^top
| Checking Account Rates |
Account Type |
Frequency of Compounding |
Minimum Deposit |
Minimum Daily Balance to Earn APY |
Interest Rate |
APY* |
Regular Checking |
NA |
$50.00 |
NA |
NA |
NA |
Effingham First Checking |
Monthly |
$50.00 |
See Tiers Below |
See Tiers Below |
|
|
|
|
$0.00 - 30,000 |
4.03% |
4.10% |
|
|
|
Over $30,000 |
1.74% |
1.75% |
|
|
|
Do not meet requirements |
.10% |
.10% |
Bonus Checking |
Monthly |
$50.00 |
NA |
0.50% |
0.50% |
Young At Heart Checking |
Monthly |
NA |
NA |
0.50% |
0.50% |
Super NOW |
Monthly |
$50.00 |
See tiers below |
See tiers below |
0.50% |
|
|
|
$0.00 - 49,999.99 |
0.75% |
0.75% |
|
|
|
$50,000 - 99,999.99 |
0.95% |
0.95% |
|
|
|
$100,000 and over |
1.15% |
1.16% |
Effingham First Money Market |
Monthly |
$1,500.00 |
See Tiers Below |
|
|
|
|
|
$0.00 - 4,999 |
0.50% |
0.50% |
|
|
|
$5,000 - 19,999.99 |
0.75% |
1.00% |
|
|
|
$20,000.00 - above |
1.50% |
1.51% |
Effingham First Business Money Market |
Monthly |
$1,500.00 |
See tiers below |
|
|
|
|
|
$0.00 - 4,999 |
0.50% |
0.50% |
|
|
|
$5,000 - 19,999.99 |
0.75% |
1.00% |
|
|
|
$20,000.00 - above |
1.50% |
1.51% |
Health Savings Account |
Monthly |
$100.00 |
NA |
3.00% |
3.04% |
- *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 than $1.00 will not be paid upon account closing.
- Fees may reduce the earnings on the accounts.
- For Effingham First Checking Account, accountholders must have 20 or more Visa Debit Card Transactions and receive e-statements to receive interest rate. Effingham First Checking Accounts closed before interest is credited will not receive the accrued interest.
|
^top
| Savings Account Rates |
Account Type |
Frequency of Compounding |
Minimum Deposit |
Minimum Daily Balance to Earn APY |
Interest Rate |
APY* |
Savings Accounts |
Quarterly |
$50.00 |
See tiers below |
See tiers below |
|
|
|
|
$0.00 - 49,999.99 |
0.50% |
0.50% |
|
|
|
$50,000 - 99,999.99 |
0.75% |
0.75% |
|
|
|
$100,000 and over |
1.00% |
1.00% |
- There is a $0.50 charge for each withdrawal in excess of 3 per four-week period.
- *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 than $1.00 will not be paid upon account closing.
- Fees may reduce the earnings on the accounts.
|
^top
|
|
