Rates
Rates Effective May 9, 2012
| Certificates of Deposit | Interest Rates | Annual Percentage Yield |
|---|---|---|
| - Substantial penalty applies to early withdrawal - Minimum deposit of $5,000 if less than (1) one year - Minimum deposit of $1,000 if (1) year to (5) five years *CD's under one year pay interest at maturity (do not compound). CD's one year and over compound quarterly and add interest quarterly. **IRA CD's have the same rates as regular CD's. |
||
| 3 Month CD | ||
| 6 Month CD | .35% | .35% |
| 12 Month CD | .55% | .55% |
| 18 Month CD | 1.00% | 1.00% |
| 24 Month CD | 1.05% | 1.05% |
| 36 Month CD | 1.15% | 1.15% |
| 60 Month CD | 1.24% | 1.25% |
| CD Special | Interest Rates | Annual Percentage Yield |
|---|---|---|
| None at this time | ||
| Cumberland Gold Leaf (Personal and Business) |
||
|---|---|---|
| - Fees could reduce earnings - Rates are subject to change without notice *Cumberland Gold Leaf Accounts pay interest monthly and are compound monthly. Interest is not paid if the amount falls below $2,500 average daily balance. *-Allowed up to 6 withdrawals per statement cycle at no charge. Federal transaction limitations apply. Penalties are assessed for abuse of the six withdrawal rule |
||
| $2,500 - $9,999 | 0.25% | 0.25% |
| $10,000 - $24,999 | 0.35% | 0.35% |
| $25,000 - $49,999 | 0.45% | 0.45% |
| $50,000 - $99,999 | .55% | .55% |
| $100,000 - $249,999 | .75% | .75% |
| $250,000 - UP | .95% | .95% |
| Savings Accounts | Interest Rates | Annual Percentage Yield |
|---|---|---|
| - Minimum deposit of $100.00 required to open Cumberland Basic Savings - Minimum deposit of $250.00 required to open IRA Savings Account - No minimum deposit required to open Cumberland Christmas Club - Fees could reduce earnings - Rates are subject to change without notice *Cumberland Basic Savings, Second Chance Savings, Cumberland Youth Savings, and IRA Savings pay interest quarterly and are compounded quarterly. ** The Cumberland Christmas Club account is not compounded, interest is paid and added to the account at the time checks are cut for Christmas. *Allowed up to 6 withdrawals per statement cycle at no charge. Federal transaction limitations apply. Penalties are assessed for abuse of the six withdrawal rule |
||
| Cumberland Basic Savings | .35% | .35% |
| Second Chance Savings | .25% | .25% |
| Cumberland Youth Savings | .50% | .50% |
| Cumberland Christmas Club | .50% | .50% |
| IRA Savings Account | 1.00% | 1.00% |
| HSA | 1.24% | 1.25% |
| Interest Bearing Checking Accounts | ||
|---|---|---|
| *Interest is paid monthly and compounded monthly on checking accounts - Fees could reduce earnings - Rates are subject to change without notice |
||
| Cumberland Edge | .15% | .15% |
| Eco Checking* *discontinued-existing accounts only | .25% | .25% |
