Rates

CURRENT INTEREST RATES AND ANNUAL PERCENTAGE YIELDS ARE ACCURATE AS OF February 13, 2016:

The Annual Percentage Yield assumes the interest remains on deposit for one year, and the Minimum Balance Requirement is always met. A withdrawal will reduce the earning. Penalties are assessed for early withdrawal, except in circumstance required by law. Fees may reduce earnings.  Annual percentage yield is the total amount of interest paid on an account, expressed as a percentage of the account balance, based on the interest rate and the frequency of compounding for a 365-day period.


CERTIFICATE OF DEPOSIT
INTEREST RATE APY
91 days 0.20% 0.20%
6-months 0.75% 0.75%
1 year 1.10% 1.11%
1 year 1.10% 1.11%
* 2 year bump option 1.25% 1.26%
2 year 1.35% 1.36%
3 year 1.30% 1.31%
* 4 year bump option (renewals only)
1.30% 1.31%
5 year 1.70% 1.71%
7 year
1.70% 1.71%
10 year (renewals only)
1.75% 1.77%
* (One time rate change at the customer's written request during the term of the CD.)

IRA'S (TRADITIONAL AND ROTH) Minimum balance of $100.00.


INTEREST RATE APY
1 year 1.00% 1.01%
1 year 1.10% 1.11%
2 year 1.30% 1.31%
3 year 1.35% 1.36%

The balance tiers and current rates for the following accounts are:

HEALTH SAVINGS ACCOUNT Minimum to open is $10.00.

BALANCE INTEREST RATE APY
$10.00- $9,999.99 0.10% 0.10%
$10,000.00 - $49,999.99 0.30% 0.30%
$50,000.00 - $99,999.99 0.45% 0.45%
$100,000.00 and greater 0.45% 0.45%

INTEREST CHECKING Minimum to open is $50.00.

BALANCE INTEREST RATE APY
$1,000.00 - $9,999.99 0.30% 0.30%
$10,000.00 - $49,999.99 0.20% 0.20%
$50,000.00 - $99,999.99 0.10% 0.10%
$100,000.00 and greater 0.10% 0.10%

STATEMENT SAVINGS Minimum to open is $10.00.

BALANCE INTEREST RATE APY
$10.00- $9,999.99 0.10% 0.10%
$10,000.00 - $49,999.99 0.15% 0.15%
$50,000.00 - $99,999.99 0.25% 0.25%
$100,000.00 and greater 0.25% 0.25%

CHRISTMAS CLUB ACCOUNT All funds disbursed annually and accounts closed. Interest is credited to the account at this time.


INTEREST RATE APY
Minimum Weekly Payment $2.00 0.10% 0.10%

ALL RATES ARE SUBJECT TO CHANGE DAILY.

Please call to confirm these interest rates. These rates are for local depositors only. The phone number for the main office in Covington, Louisiana is (985) 892-4565 or 1-800-646-1658, our branch in Slidell, Louisiana can be reached at (985) 641-3555.

   

 

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