Hometown Community Bank

INTEREST RATES AND ANNUAL PERCENTAGE YIELDS (APY's)

Interest Rates and APY’s are effective as of July 7, 2020

Certificate of Deposit Account (CD)

ACCOUNT TYPE

TERM

INTEREST RATE

APY QUARTERLY

MINIMUM DEPOSIT TO OPEN:

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 30 Days

INTEREST RATE: 0.05%

APY QUARTERLY: 0.05% (at maturity)

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 3 Months

INTEREST RATE: 0.05%

APY QUARTERLY: 0.05%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 6 Months

INTEREST RATE: 0.10%

APY QUARTERLY: 0.10%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 9 Months

INTEREST RATE: 0.13%

APY QUARTERLY: 0.13%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 12 Months

INTEREST RATE: 0.18%

APY QUARTERLY: 0.18%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 18 Months

INTEREST RATE: 0.20%

APY QUARTERLY: 0.20%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 24 Months

INTEREST RATE: 0.23%

APY QUARTERLY: 0.23%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 30 Months

INTEREST RATE: 0.28%

APY QUARTERLY: 0.28%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 36 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 48 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: Certificate of Deposit Account

TERM: 60 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

 

Individual Retirement Account (IRA)

ACCOUNT TYPE

TERM

INTEREST RATE

APY QUARTERLY

MINIMUM DEPOSIT TO OPEN:

ACCOUNT TYPE: IRA Golden Variable

TERM: N/A

INTEREST RATE: 0.13%

APY QUARTERLY: 0.13% (at maturity)

MINIMUM DEPOSIT TO OPEN: $50

ACCOUNT TYPE: IRA Golden Variable

TERM: 12 Months

INTEREST RATE: 0.18%

APY QUARTERLY: 0.18%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: IRA Golden Variable

TERM: 18 Months

INTEREST RATE: 0.20%

APY QUARTERLY: 0.20%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: IRA Golden Variable

TERM: 24 Months

INTEREST RATE: 0.23%

APY QUARTERLY: 0.23%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: IRA Golden Variable

TERM: 36 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: IRA Golden Variable

TERM: 48 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

ACCOUNT TYPE: IRA Golden Variable

TERM: 60 Months

INTEREST RATE: 0.35%

APY QUARTERLY: 0.35%

MINIMUM DEPOSIT TO OPEN: $500

 

HSA's, Checking, Savings and Insured Money Market (IMMA) Accounts

ACCOUNT TYPE

MINIMUM BALANCE TO OBTAIN APY

INTEREST RATE

APY

MINIMUM DEPOSIT TO OPEN:

ACCOUNT TYPE: Health Savings Account (HSA)

MINIMUM BALANCE TO OBTAIN APY: N/A

INTEREST RATE: 0.20%

APY: 0.20%

MINIMUM DEPOSIT TO OPEN: $50

ACCOUNT TYPE: Checking With Interest

MINIMUM BALANCE TO OBTAIN APY: $0.01

INTEREST RATE: 0.05%

APY: 0.05%

MINIMUM DEPOSIT TO OPEN: $1,000

ACCOUNT TYPE: IMMA

MINIMUM BALANCE TO OBTAIN APY: $0.01 - $999.99

INTEREST RATE: 0.05%

APY: 0.05%

MINIMUM DEPOSIT TO OPEN: $1000

ACCOUNT TYPE: IMMA

MINIMUM BALANCE TO OBTAIN APY: $1,000.00 - $24,999.99

INTEREST RATE: 0.05%

APY: 0.05%

MINIMUM DEPOSIT TO OPEN: $1,000

ACCOUNT TYPE: IMMA

MINIMUM BALANCE TO OBTAIN APY: $25,000.00 - $99,999.99

INTEREST RATE: 0.10%

APY: 0.10%

MINIMUM DEPOSIT TO OPEN: $1,000

ACCOUNT TYPE: IMMA

MINIMUM BALANCE TO OBTAIN APY: $100,000.00 - $499,999.99

INTEREST RATE: 0.15%

APY: 0.15%

MINIMUM DEPOSIT TO OPEN: $1,000

ACCOUNT TYPE: IMMA

MINIMUM BALANCE TO OBTAIN APY: $500,000.00 and Over

INTEREST RATE: 0.20%

APY: 0.20%

MINIMUM DEPOSIT TO OPEN: $1,000

ACCOUNT TYPE: Regular Savings

MINIMUM BALANCE TO OBTAIN APY: $50

INTEREST RATE: 0.10%

APY: 0.10%

MINIMUM DEPOSIT TO OPEN: $50

ACCOUNT TYPE: Christmas Savings

MINIMUM BALANCE TO OBTAIN APY: $0.01

INTEREST RATE: 0.10%

APY: 0.10%

MINIMUM DEPOSIT TO OPEN: No Minimum

ACCOUNT TYPE: Vacation Club

MINIMUM BALANCE TO OBTAIN APY: $0.01

INTEREST RATE: 0.10%

APY: 0.10%

MINIMUM DEPOSIT TO OPEN: No Minimum

CD Penalty (on amount withdrawn early):
Term: under 1 year = 3 months interest
Term: 1 to 2 years = 6 months interest
Term: Over 2 years = 12 months interest