Account Dividend Rates

 

Account Minimum Balance to Earn APY Dividend Payment APY Dividend Rate
Savings
($5 to open)
$5 Monthly 0.20% 0.19%
Holiday Account
($5 to open)
$5 Monthly 0.20% 0.19%
Vacation Account
($5 to open)
$5 Monthly 0.20% 0.19%
Checking $5 Monthly 0.00% 0.00%

*Dividends are calculated on simple interest, day-of-deposit to day-of-withdrawal basis. Fees or other conditions could reduce earnings. Rates are effective as of 06/01/17. All rates quoted are annual percentage yield (APY) or annual percentage rate (APR) as stated. Current month’s rates are based on earnings and are declared at the monthly Board of Director’s meetings. To confirm rates, call (516) 562-4918.

Investment Accounts

 

Certificate Accounts** Minimum Balance to Earn APY APY Dividend Rate
6 months $1,000 .75% .75%
12 months $1,000 1.00% 1.00%
24 months $1,000 1.50% 1.49%

**Penalties may be imposed for early withdrawal. Certificate rates effective 06/01/17. To confirm rates, call (516) 562-4918.

 

IRA Certificate Accounts

 

IRA Certificate Accounts** Minimum Balance to Earn APY APY Dividend Rate
1 Year $1,000 1.00% 1.00%
2 Year $1,000 1.50% 1.49%
3 Year $1,000 1.80% 1.78%
4 Year $1,000 1.85% 1.83%
5 Year $1,000 2.25% 2.23%

**Penalties may be imposed for early withdrawal. IRA Certificate rates effective 06/01/17.
To confirm rates, call (516) 562-4918.

IRA Savings Account

 

IRA Minimum Balance to Earn APY APY Dividend Rate
$5.00 .25% .25%

Money Market Account

Money Market

Minimum Balance to Earn APY APY Dividend Rate
0 – $2,500 0% 0%
$2,501 – $10,000 .25% .25%
$10,001 – $25,000 .25% .25%
$25,001 – $50,000 .30% .30%
$50,001 AND OVER .50% .50%

Money Market rates effective 06/01/17. To confirm rates, call (516) 562-4918

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