Deposit Rates
Checking Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Hometown Checking | N/A | N/A | N/A | $100.00 | 365 | Learn More |
| My Generation Checking | N/A | N/A | N/A | $50.00 | 365 | Learn More |
| Advantage NOW Checking | 0.050% | 0.050% | $250.00 | $100.00 | 365 | Learn More |
| Advantage 50 Checking | 0.050% | 0.050% | $5.00 | $100.00 | 365 | Learn More |
| Multi-Account Checking | 0.050% | 0.050% | $5.00 | Existing accounts only | 365 | |
| Advantage Plus Money Market Checking | 0.050% | 0.050% | $2,500.00 | Existing accounts only | 365 |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate. See our Terms and Conditions Disclosure for the rules and regulations which apply to all of our accounts.
Special Purpose Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| IOLTA Checking | 1.005% | 1.000% | $5.00 | $0.01 | 365 | |
| IOREBTA Checking | 0.050% | 0.050% | $5.00 | $0.01 | 365 |
Regular Savings Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | Minimum Balance to Avoid Monthly Service Charge | # of Days | |
|---|---|---|---|---|---|---|---|
| Hometown Savings | 0.050% | 0.050% | $5.00 | $5.00 | $200.00 | 365 | Learn More |
| First Time Savers Club 0 to $1,000.00 | 5.116% | 5.000% | Less than $1,000.00 | $1.00 | N/A | 12 Months | Learn More |
| First Time Savers Club over $1,000.00 | 0.100% | 0.100% | More than $1,000.00 | $1.00 | N/A | 12 Months | Learn More |
| Build Your Own Club Account | 0.050% | 0.050% | N/A | $1.00 | N/A | 365 | Learn More |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly.
Money Market Savings Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Hometown Money Market | 0.050% | 0.050% | Less than $1,000.00 | $1,000.00 | 365 | Learn More |
| Hometown Money Market | 0.100% | 0.100% | $1,000.00 | $1,000.00 | 365 | Learn More |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest much remain on deposit for a full year at the original rate. See our Terms and Conditions disclosure for the rules and regulations which apply to all of our accounts.
Business Money Market Savings Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Better Business Money Market | 0.100% | 0.100% | $1,000.00 | $100.00 | 365 | Learn More |
Certificates of Deposit
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Three Month Certificate | 0.150% | 0.150% | $1,000.00 | $1,000.00 | 365 | |
| Six Month Certificate | 0.250% | 0.250% | $1,000.00 | $1,000.00 | 365 | |
| Nine Month Certificate | 0.250% | 0.250% | $1,000.00 | $1,000.00 | 365 | |
| One Year Certificate | 0.300% | 0.300% | $1,000.00 | $1,000.00 | 365 | |
| Thirteen Month Certificate | 0.350% | 0.349% | $1,000.00 | $1,000.00 | 365 | |
| Fifteen Month Certificate | 0.350% | 0.349% | $1,000.00 | $1,000.00 | 365 | |
| Eighteen Month Certificate | 0.400% | 0.399% | $1,000.00 | $1,000.00 | 365 | |
| Twenty One Month Bump Up Certificate | 0.400% | 0.399% | $1,000.00 | $1,000.00 | 365 | |
| Two Year Certificate | 0.450% | 0.449% | $1,000.00 | $1,000.00 | 365 | |
| Thirty Month (2-1/2 Year) Certificate | 0.500% | 0.499% | $1,000.00 | $1,000.00 | 365 | |
| Three Year Certificate | 0.550% | 0.548% | $1,000.00 | $1,000.00 | 365 | |
| Four Year Certificate | 0.650% | 0.648% | $1,000.00 | $1,000.00 | 365 | |
| Five Year Certificate | 0.800% | 0.797% | $1,000.00 | $1,000.00 | 365 |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate. A substantial interest penalty is required for early withdrawals from certificates of deposit. For CDs with a term from 3 months to 1 year: penalty is 3 months’ simple interest on the amount withdrawn. For CDs with a term of more than one year: penalty is 6 months’ simple interest on the amount withdrawn. See our Terms and Conditions for the rules and regulations which apply to all of our accounts.
IRA Savings Accounts
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Money Market Passbook & Statement Accounts | 0.100% | 0.100% | Less than $1,000.00 | N/A | 365 | Learn More |
| Money Market Passbook Account | 0.100% | 0.100% | $1,000.00 | $1,000.00 | 365 | |
| Money Market Statement Account | 0.100% | 0.100% | $1,000.00 | $1,000.00 | 365 |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate. See our Terms and Conditions Disclosure for the rules and regulations which apply to all of our accounts.
IRA Certificates of Deposit
Effective Date: January 19, 2021
| Deposit Product | Annual Percentage Yield | Simple Interest Rate | Minimum Balance to Earn Posted Rate | Minimum Balance to Open | # of Days | |
|---|---|---|---|---|---|---|
| Three Month Certificate | 0.150% | 0.150% | $1,000.00 | $1,000.00 | 365 | Learn More |
| Six Month Certificate | 0.250% | 0.250% | $1,000.00 | $1,000.00 | 365 | Learn More |
| Nine Month Certificate | 0.250% | 0.250% | $1,000.00 | $1,000.00 | 365 | |
| One Year Certificate | 0.300% | 0.300% | $1,000.00 | $1,000.00 | 365 | |
| Thirteen Month Certificate | 0.350% | 0.349% | $1,000.00 | $1,000.00 | 365 | |
| Fifteen Month Certificate | 0.350% | 0.349% | $1,000.00 | $1,000.00 | 365 | |
| Eighteen Month Certificate | 0.400% | 0.399% | $1,000.00 | $1,000.00 | 365 | |
| Twenty One Month Bump Up Certificate | 0.400% | 0.399% | $1,000.00 | $1,000.00 | 365 | |
| Two Year Certificate | 0.450% | 0.449% | $1,000.00 | $1,000.00 | 365 | |
| Thirty Month (2-1/2 Year) Certificate | 0.500% | 0.499% | $1,000.00 | $1,000.00 | 365 | |
| Thirty Month (2-1/2 Year) Variable | 0.500% | 0.499% | $100.00 | $100.00 | 365 | |
| Three Year Certificate | 0.550% | 0.548% | $1,000.00 | $1,000.00 | 365 | |
| Four Year Certificate | 0.650% | 0.648% | $1,000.00 | $1,000.00 | 365 | |
| Five Year Certificate | 0.800% | 0.797% | $1,000.00 | $1,000.00 | 365 |
DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate. See our Terms and Conditions Disclosure for the rules and regulations which apply to all of our accounts.
