Deposit Interest Rates

Checking Accounts
Account Type Balance Requirement to Obtain APY Interest Rate Annual Percentage Yield Balance Requirement to Avoid Service Charges Monthly Service Charge
Regular Checking - Personal None N/A N/A None None
Interest Checking - Personal and Sole Proprietorships Daily balance $1,000 + .10% .10% Average balance $1,000 $10
Platinum Rewards Checking - Personal*  Daily Balance up to $50,000* 1.253% 1.26% None None
  Daily balance above $50,000 * 0.15% 1.26%- 0.52%  None None
  Qualifications not met during cycle; all balances 0.10% 0.10% None None
Platinum Checking - Personal Daily Balance $5,000 + Tiered N/A Combined deposit accounts avg. $25,000 $5
  $5,000 - $24,999 .10% .10%    
  $25,000 - $49,999 .10% .10%    
  $50,000 - $99,999 .15% .15%    
  $100,000 and Over .20% .20%    
Platinum 50 Checking - Age 50 or more - Personal None N/A N/A N/A N/A
Free Business Checking** N/A N/A N/A N/A - activity limits  
Commercial Checking N/A N/A N/A Activity and balances are analyzed  

Rates effective as of April 16, 2014

*Interest eligibility qualifications during each qualification cycle:
1) Have at least 10 debit card transactions post and clear
2) Receive your monthly statement electronically
3) Have at least one direct deposit or auto debit post and clear
4) Access NetTeller online banking at least once

When the Reward Checking requirements are not met, the interest rate on your account will be .10% and the annual percentage yield will be .10%.

 

When the Reward Checking qualifications are met, the interest rate on your account and corresponding annual percentage yield will be tiered. If your daily balance is $50,000.00 or less, the interest rate paid on the entire balance will be 1.253% with an annual percentage yield of 1.26%. An interest rate of  0.15% will be paid only for that portion of your daily balance that is greater than $50,000.00. The blended annual percentage yield for this tier will range from 1.26% to 0.52%, depending on the balance in the account.

 

**Limited activity - 1,000 total transactions including checks paid, deposits, deposited items.
Rates are subject to change after the account is opened.
Fees may reduce earnings on interest bearing accounts.



Savings Accounts
Account Type Balance Requirements To Obtain APY Interest Rate Annual Percentage Yield Balance Requirements To Avoid Service Charges Service Charge
New Beginnings Savings - Bridal Registry $10-$3,500 1.24% 1.25% none; $10 to open N/A
  Over $3,500 .15% .15% none N/A
Treehouse Savings Club - Age 6-18

 $5 - $1,000

 1.24%

 1.25%

 none; $5 to open

 N/A

 

 Over $1,000

 .15%

 .15%

 none

 N/A

Premium Savings Up to $9,999 .15% .15% Quarterly average $100 $10/qtr.
  $10,000 - $24,999 .15% .15% Quarterly average $100 $10/qtr.
  $25,000 - $49,999 .15% .15% Quarterly average $100 $10/qtr.
  $50,000 and Over .25% .25% Quarterly average $100 $10/qtr.
Platinum Money Market*** $0 - $24,999 .10% .10% Monthly average $10,000 $10/mo.
  $25,000 - $49,999 .10% .10% Monthly average $10,000 $10/mo.
  $50,000 - $149,999 .15% .15% Monthly average $10,000 $10/mo.
  $150,000 - $249,999 .20% .20% Monthly average $10,000 $10/mo.
  $250,000 and over .30% .30% Monthly average $10,000 $10/mo.
Money Market Savings Plus*** $1,000 - $24,999 .10% .10% Monthly average $1,000 $10/mo.
  $25,000 - $49,999 .10% .10% Monthly average $1,000 $10/mo.
  $50,000 - $99,999 .15% .15% Monthly average $1,000 $10/mo.
 

 $100,000 - $249,999

 .20%

 .20%

 Monthly average $1,000

 $10/mo.

  $250,000 and Over .30% .30% Monthly average $1,000 $10/mo.
Regular Savings Balance $10 .15% .15% Quarterly average $100 $10/qtr.
Christmas Club Savings Open until maturity .15% .15% Forfeit interest if cashed prior to maturity N/A

Rates effective as of April 16, 2014
***Limited check writing.
Rates are subject to change after the account is opened.
Fees may reduce earnings on the account.



Certificates of Deposit
*** Special CD Offers - Check Them Out ***
Term Minimum Deposit Interest Rate Annual Percentage Yield
6 Month $1,000 .20% .20%
12 Month $1,000 .25% .25%
18 Month* $1,000 .40% .40%
24 Month $1,000 .45% .45%
30 Month $1,000 .55% .55%
36 Month $1,000 .70% .70%
48 Month $1,000 .90% .90%
60 Month $1,000 1.25% 1.26%
Rates effective as of  April 16, 2014
Penalty for early withdrawal.
*One penalty-free withdrawal allowed after 6 months
205 S. Main St.     P.O. Box 1111     Timberville, VA 22853     (540) 896-8941