1. APY = Annual Percentage Yield. Rates are accurate as of June 3, 2022 and are subject to change without notice. After the Certificate is opened, you cannot make deposits into the account. Unless otherwise noted, certificates can be opened with a minimum deposit of $500. The APY is based on an assumption that dividends will remain in the account until maturity. Certificates will automatically renew on the maturity date for the same term unless otherwise noted. The dividend rate in effect at the time the certificate renews will be applied on the account. The account holder has a ten (10) day grace period to change the term or close the certificate account without penalty. Penalties apply for early withdraw and could reduce earnings on the account. If funds are withdrawn before the maturity date, the penalty will equal 90 days’ dividends on your certificate account with a term of one year or less, and a penalty of up to 182 days’ dividends for certificates with a term of more than one year. The penalty calculated as forfeiture of part of dividends that have been or would have been earned on the account. It applies whether or not dividends have been earned. We will impose an early withdrawal penalty of at least seven (7) days’ simple interest if funds are withdrawn within six days of the date of deposit or within six days of the date of the immediately preceding partial withdrawal. We reserve the right to require at least seven (7) days written notice of an intended withdrawal. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. Unless otherwise noted, if a certificate falls below $500, it will be closed. Certificates are available to Affinity members only.
2. 14-Month Promotional Certificate: Balances of $100,000 or greater earn an APY of 1.50%. Balances between $50,000 and $99,999.99 earn an APY of 1.40%, and balances between $500 and $49,999.99 earn an APY of 1.30%. On the maturity date, the certificate will automatically renew to a 12-month term at the rate in effect for that term at the time of renewal. Certificate requires a minimum opening deposit of $500. If the certificate falls below $500, it will be closed.
3. 22-Month Promotional Certificate: Balances of $100,000 or greater earn an APY of 1.85%. Balances between $50,000 and $99,999.99 earn an APY of 1.75%, and balances between $500 and $49,999.99 earn an APY of 1.65%. On the maturity date, the certificate will automatically renew to a 24-month certificate at the rate in effect for that term at the time of renewal. Certificate requires a minimum opening deposit of $500. If the certificate falls below $500, it will be closed.
4. 15-Month and 30-Month Certificates: Certificates offer a one-time bump up option during the term.