Our time deposits have a guaranteed return and are a safe place to keep your money for a set period of time. Balances in these deposits are eligible for FDIC coverage.


A fixed rate deposit account with an automatic renewable feature.

*  Minimum opening balance of $500
*  Pick the term that works best for you
*  Rates are fixed for the entire term, so your money is insulated
*  Penalty for Early Withdrawal applies
*  Also available as a Retirement account.

Interest rates and yields are subject to change daily.  If an account is closed before interest is credited, accrued interest will not be paid.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items.  We use the average daily balance method to calculate interest on your account.  This method applies a periodic rate to the average balance in the account for the period.  The Average Balance to Obtain Annual Percentage Yield is $500.

Deposit Rates / Yields
Rates effective as of 7/16/2024
Account TypeCompound FrequencyInterest RateAnnual Percentage Yield
1 MonthMaturity4.00%4.07%
3 MonthsQuarterly4.85%4.94%
6 MonthsQuarterly5.25%5.35%
12 MonthsQuarterly5.00%5.09%
18 MonthsQuarterly4.50%4.58%
24 MonthsQuarterly4.00%4.06%
36 MonthsQuarterly3.75%3.80%
48 MonthsQuarterly3.75%3.80%
60 MonthsQuarterly3.75%3.80%
EARLY WITHDRAWAL PENALTIES: The bank may impose a penalty if you withdraw any of the principal and/or credited interest before the maturity date based on the term of your time deposit.  The following penalties may apply: 
1 month to 1 year (not including one year)3 months interest
1 year or greater6 months interest