Rates

Rates effective as of 1/16/2012

Certificate of Deposit Rates
Individual Retirement Account Rates
Account Type
Frequency of Compounding
Minimum Deposit
Minimum Balance to Earn APY*
Interest Rate
APY*
3 Month CD
# Quarterly
$1,000.00
$1,000.00
0.40%
0.40%
6 Month CD
# Semi-Annually
$1,000.00
$1,000.00
0.50%
0.50%
12 Month CD
# Semi-Annually
$500.00
$500.00
0.70%
0.70%
18 Month CD
@ Semi-Annually
$500.00
$500.00
0.80%
0.80%
24 Month CD
@ Semi-Annually
$500.00
$500.00
1.00%
1.00%
30 Month CD
@ Semi-Annually
$500.00
$500.00
1.10%
1.10%
36 Month CD
@ Semi-Annually
$500.00
$500.00
1.25%
1.25%
48 Month CD
& Semi-Annually
$500.00
$500.00
1.80%
1.81%
60 Month CD
& Semi-Annually
$500.00
$500.00
2.10%
2.11%
  • *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
  • Rates are subject to change at any time without notice.
  • Certificates not automatically renewed will not earn interest after maturity. All certificates may be automatically renewable unless noted otherwise. There is a 10 day grace period on automatically renewed CDs.
  • IRA Certificates will automatically renew.
  • A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
    • # - Penalty for early withdrawal equal to 30 days interest
    • @ - Penalty for early withdrawal equal to 90 days interest
    • & - Penalty for early withdrawal equal to 180 days interest
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.

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Effingham First CD Rates
Account Type
Frequency of Compounding
Minimum Deposit
Minimum Balance to Earn APY*
Interest Rate
APY*
6 Month Variable CD
# N/A
$1,000.00
$1,000.00
0.50%
0.50%
12 Month Variable CD
# N/A
$1,000.00
$1,000.00
0.70%
0.70%
  • *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
  • Rates are subject to change at any time without notice.
  • For variable rate accounts the rate may change after the account is opened.
  • Certificates are automatically renewed.
  • A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
    • # - Penalty for early withdrawal equal to 30 days interest
    • @ - Penalty for early withdrawal equal to 90 days interest
    • & - Penalty for early withdrawal equal to 180 days interest
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.

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Opportunity CD Rate
Account Type
Frequency of Compounding
Minimum Deposit
Minimum Balance to Earn APY*
Interest Rate
APY*
33 Month Opportunity CD
# At Each 11 Month Interval
$1,000.00
$1,000.00
See Below
0.97%
1-11 Months
0.75%
12-22 Months
0.95%
23-33 Months
1.20%
  • *APY = Annual Percentage Yield / The APY assumes interest will remain on deposit. A withdrawal will reduce earnings.
  • Rates are subject to change at any time without notice.
  • Withdrawal at month 11 & 22 allowed with no penalty, 10 day grace period.
  • Certificates not automatically renewed will not earn interest after maturity. All certificates may be automatically renewable unless noted otherwise. There is a 10 day grace period on automatically renewed CDs.
  • A penalty may be imposed for withdrawals before maturity on Certificates of Deposit.
    • # - Penalty for early withdrawal equal to 30 days interest
    • @ - Penalty for early withdrawal equal to 90 days interest
    • & - Penalty for early withdrawal equal to 180 days interest
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.

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Checking Account Rates
Account Type
Frequency of Compounding
Minimum Deposit
Minimum Daily Balance to Earn APY
Interest Rate
APY*
Regular Checking
NA
$50.00
NA
NA
NA
Effingham First Checking
Monthly
$50.00
See Tiers Below
See Tiers Below
$0.00 - 30,000
3.01%
3.05%
Over $30,000
0.75%
0.75%
Do not meet requirements
.10%
.10%
Bonus Checking
Monthly
$50.00
NA
0.30%
0.30%
Young At Heart Checking
Monthly
NA
NA
0.30%
0.30%
Super NOW
Monthly
$50.00
See tiers below
See tiers below
$0.00 - 49,999.99
0.30%
0.30%
$50,000 - 99,999.99
0.50%
0.50%
$100,000 and over
0.75%
0.75%
Effingham First Money Market
Monthly
$1,500.00
See Tiers Below
$0.00 - 4,999
0.30%
0.30%
$5,000 - 19,999.99
0.50%
0.50%
$20,000.00 - above
0.75%
0.75%
Effingham First Business Money Market
Monthly
$1,500.00
See tiers below
$0.00 - 4,999
0.30%
0.30%
$5,000 - 19,999.99
0.50%
0.50%
$20,000.00 - above
0.75%
0.75%
Health Savings Account
Monthly
$100.00
NA
1.50%
1.51%
  • *APY = Annual Percentage Yield / The APY assumes interest remains on deposit. A withdrawal will reduce earnings.
  • Rates are subject to change at any time without notice.
  • Under Regulation D the right is reserved to require a written notice of not less than 7 days before a withdrawal is made.
  • We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Accrued interest less than $1.00 will not be paid upon account closing.
  • Fees may reduce the earnings on the accounts.
  • For Effingham First Checking Account, accountholders must have 20 or more Visa Debit Card Transactions and receive e-statements to receive interest rate. Effingham First Checking Accounts closed before interest is credited will not receive the accrued interest.

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Savings Account Rates
Account Type
Frequency of Compounding
Minimum Deposit
Minimum Daily Balance to Earn APY
Interest Rate
APY*
Regular/Business Savings
Quarterly
$50.00
See tiers below
See tiers below
$0.00 - 49,999.99
0.30%
0.30%
$50,000 - 99,999.99
0.50%
0.50%
$100,000 and over
0.75%
0.75%
Christmas Club Annually N/A N/A 0.30% 0.30%
Super Christmas Club Annually N/A
See tiers below
See tiers below
  
      $0.00 – 2,000.00 1.00% 1.00%
      $2,001 and over 0.30% 0.30%
Bill the Reader Quarterly $50.00 N/A 0.30% 0.30%
Vacation Club Annually $50.00
See tiers below
See tiers below
  
      $0.00 – 2,000.00 1.00% 1.00%
      $2,001 and over 0.30% 0.30%
  • For Regular/Business Savings -there is a $0.50 charge for each withdrawal in excess of 3 per four-week period.
  • *APY = Annual Percentage Yield / The APY assumes interest remains on deposit. A withdrawal will reduce earnings.
  • Rates are subject to change at any time without notice.
  • Under Regulation D the right is reserved to require a written notice of not less than 7 days before a withdrawal is made.
  • We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Accrued interest less than $1.00 will not be paid upon account closing.
  • Fees may reduce the earnings on the accounts.
  • For Christmas & Super Christmas - No withdrawals will be permitted, except to close the account.
  • For Super Christmas and Vacation Club - Accounts require a minimum of a monthly deposit of no less than $1 to be credited to the account from a Crossroads Bank checking or savings account via the bank's automatic transfer system.
  • For Vacation Account:  Limit of two withdrawals per calendar year.  Penalties for excess withdrawals will be forfeiting of all accrued interest and the account will be closed.

Read for Dollars
''A'' in Reading Reward Bring your report card to the bank with an ''A'' in Reading (limit one per school quarter) during the time frame to receive your Reward:

  • 1st Quarter by November 30th
  • 2nd Quarter by January 31st
  • 3rd Quarter by April 30th
  • 4th Quarter by June 30th
Earn up to $10 per school year.

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