Products & Services:
Checking
Savings
Certificates of Deposits
IRA
Installment Loans
Mortgages
Commercial Services
Investments
Rate Sheets
Other Services
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CURRENT INTEREST RATES - RETAIL BANKING -
EFFECTIVE 8/30/10
Richmond and Tri-City Area Rates
Savings and Money Market Accounts |
Account |
Minimum Balance Requirements
To Open |
Minimum
Balance Requirement To Obtain APY |
Interest Rate |
Annual Percentage
Yield with Compounding |
Passbook
Savings
Account |
$25 |
$50 |
.75% |
.75% |
Statement Savings Account |
$25 |
$50 |
.75% |
.75% |
| Commonwealth Money Market Account |
$1,000 |
$0-$999 |
.50% |
.50% |
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|
$1,000 - $9,999 |
.50% |
.50% |
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$10,000 -$24,999 |
.80% |
.80% |
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$25,000 - $49,999 |
.90% |
.90% |
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$50,000 or more |
1.00% |
1.00% |
Checking and Now Accounts |
Account |
Minimum Balance Requirements
To Open |
Minimum
Balance Requirement To Obtain APY |
Interest Rate |
Annual Percentage Yield with Compounding |
First Free Checking |
$100 |
$0 |
0.00% |
0.00% |
First Interest Checking |
$100 |
$500 - $2,499
|
0.25%
|
0.25%
|
|
|
$2,500 or more |
0.50% |
0.50% |
Classic 55 Checking |
$50 |
$500 - $14,999
|
.75%
|
.75%
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|
$15,000 or more |
.90% |
.90% |
Prime Connection
Checking |
$100 |
$1,500 - $9,999
|
0.75%
|
0.75%
|
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$10,000 or more |
.90% |
.90% |
Certificates of Deposit |
Account |
Minimum To Open and obtain APY |
Interest Rate |
Annual Percentage
Yield with Compounding |
6 Month CD |
$500 |
.75% |
.75% |
12 Month CD |
$500 |
1.15% |
1.15% |
24 Month CD |
$500 |
1.70% |
1.71% |
36 Month CD |
$500 |
2.10% |
2.11% |
48 Month CD |
$500 |
2.25% |
2.27% |
60 Month CD |
$500 |
2.50% |
2.52% |
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IRA's |
Account |
Minimum To Open and obtain APY |
Interest Rate |
Annual Percentage
Yield with Compounding |
12 Month IRA |
$100 |
1.15% |
1.15% |
36 Month IRA |
$100 |
2.10% |
2.11% |
60 Month IRA |
$100 |
2.50% |
2.52% |
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For current rates, please contact your nearest branch location. For Checking and Now Accounts: We use the daily balance method to calculate interest on each interest bearing now account. This method applies a daily periodic rate to the principal in the account each day. For Savings and Certificate Accounts: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Savings, Money Markets, First Interest Checking, Classic 55 Interest Checking, and Prime Connection are variable rate accounts, and the stated APY may change after the account opening. Fees imposed on any account listed above may reduce earnings. APY listed assumes that interest remains on the account. Substantial penalty for early withdrawals may be assessed to certificates and IRA accounts. Member FDIC
Rates are subject to change without notice. Checking and Savings rates may change after the account is opened.
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