Deposit Rates
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| | Rate | APY | Minimum Balance to Obtain APY | Minimum Balance to Open |
|---|---|---|---|---|
Checking Accounts | ||||
Money Market | 0.20% | 0.20% | $25 | $25 |
NOW | 0.05% | 0.05% | $25 | $25 |
Senior Checking | 0.05% | 0.05% | $25 | $25 |
Savings Accounts | ||||
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 | 0.25% | 0.25% | $0.01 | $1 |
CDs/IRA | ||||
Fixed: 7-91 days | 0.25% | 0.25% | $1,000 | $1,000 |
Fixed: 6 months | 0.35% | 0.35% | $1,000 | $1,000 |
Fixed: 12 months | 0.60% | 0.60% | $1,000 | $1,000 |
Fixed: 18 months | 0.80% | 0.80% | $1,000 | $1,000 |
Fixed: 24 months | 0.90% | 0.90% | $1,000 | $1,000 |
Fixed: 30 months | 1.00% | 1.00% | $1,000 | $1,000 |
Fixed: 36 months | 1.10% | 1.11% | $1,000 | $1,000 |
Fixed: 48 months | 1.25% | 1.26% | $1,000 | $1,000 |
Fixed: 60 months | 1.50% | 1.51% | $1,000 | $1,000 |
Variable: 12 months | 0.20% | 0.20% | $500 | $500 |
IRA Savings | 0.20% | 0.20% | $0.01 | $25 |
| | | | | |
The Rate/ Annual Percentage Yield (APY) is effective as of December 11, 2015.
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.
