Deposit Rates

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Rate

APY

Minimum Balance to Obtain APY

Minimum Balance to Open

Checking/Savings Accounts





Money Market

0.15% 0.15% $25 $25

NOW

0.05% 0.05% $25 $25

Senior Checking

0.05% 0.05% $25 $25

Passbook Savings

0.10% 0.10% $100 $25

Statement Savings

0.10% 0.10% $100 $25

Statement Savings Plus

0.15% 0.15% $25 $25

Club Accounts

0.10% 0.10% $0.01 $1.00

CDs/IRA





Fixed: 7-91 days

0.15% 0.15% $1,000 $1,000

Fixed: 6 months

0.15% 0.15% $1,000 $1,000

Fixed: 12 months

0.25% 0.25% $1,000 $1,000

Fixed: 18 months

0.30%
0.30% $1,000 $1,000

Fixed: 24 months

0.35% 0.35% $1,000 $1,000

Fixed: 30 months

0.40% 0.40% $1,000 $1,000

Fixed: 36 months

0.45% 0.45% $1,000 $1,000

Fixed: 48 month

0.50% 0.50% $1,000 $1,000

Fixed: 60 months

0.60% 0.60% $1,000 $1,000

12 month variable 

0.20% 0.20% $500 $500

IRA Savings

0.15% 0.15% $0.01 $25.00

The Rate/ Annual Percentage Yield (APY) is effective as of March 9, 2021

Rates are subject to change at any time. Please call a Hometown Bank representative for actual rates.

Interest rates may change after the account is opened. 

Money Market and Statement Savings Plus: A minimum balance of $5,000 is required to avoid a monthly service fee of $15.00.

Fixed Rate CD: A penalty may be imposed for early withdrawals.

Variable Rate CD: Withdrawals in excess of one per month will be subject to penalty.


Please see a Hometown Bank representative for more details.