Prime Rate Certificate (Variable Rate)
If you like what you're seeing in the market, then you'll love this variable rate product. Terms are available for either 3 or 5 years and the minimum opening deposit is $10,000. Your dividend rate will adjust following a change in the Prime Rate as published in the Wall Street Journal.
On the 5 year Prime Rate Certificate, the dividend rate calculation will be 50% of the current Prime Rate plus 1.00% (100 basis points). If you select the 3 year term, the dividend rate will be calculated by taking 50% of the current Prime Rate plus 0.50% (50 basis points) - max APY is 9.00%. Also, if you select the 5-year option, you can make unlimited deposits of $1,000 or more for one year after opening.
Example:
| Prime Rate = 3.25% | APR | APY |
| 3 year term | 3.70% | 3.75% |
| 5 year term | 4.18% | 4.25% |
See Rates page for current rate information.
Annual Percentage Yield = APY. Dividend rates are subject to change at any time, without notice. Subject to an early withdrawal penalty. Funds are federally insured up to $100,000 and privately insured up to and additional $250,000.
