Deposit Rates

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Rate

APY

Minimum Balance to Obtain APY

Minimum Balance to Open

Checking/Savings Accounts





Money Market

0.25% 0.25% $25 $25

NOW

0.10% 0.10% $25 $25

Senior Checking

0.10% 0.10% $25 $25

Passbook Savings

0.15% 0.15% $100 $25

Statement Savings

0.15% 0.15% $100 $25

Statement Savings Plus

0.20% 0.20% $25 $25

Club Accounts

0.15% 0.15% $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: 13 months

1.25% 1.26% $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:25 months

1.60% 1.61% $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

Fixed: 61 months

1.80% 1.81% $1,000 $1,000

12 month variable 

0.30% 0.30% $500 $500

IRA Savings

0.15% 0.15% $0.01 $25.00

The Rate/ Annual Percentage Yield (APY) is effective as of September 11, 2022.

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. 

Fees could reduce earnings

MMDA Personal, Non Personal and Public Funds, Statement Savings Plus and Statement Savings Plus Non Personal: A minimum balance of $5,000 is required to avoid a monthly service fee of $15.00.

MMDA 1st Class Public Funds:  A minimum balance of $10,000 is required to avoid a monthly service fee of $15.00.

Public Funds Checking:  An average balance of $15,000 is required to avoid a monthly service fee of $75.00.  An average balance of $30,000 is required to avoid a monthly service fee of $50.00.  An average balance of $60,000 is required to avoid a monthly service fee of $25.00.

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.