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.
