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Deposit Rates

RATES - Effective December 20th, 2018 
Rates are subject change, for the most current rates please contact us at 434.369.3000. 


Deposit Rates
Certificates of Deposit



Product
Minimum Opening
Deposit
Minimum Balance to
Maintain APY
Interest
Rate
 APY*
91 Daya $2,500.00  $2,500.00c
 0.25% 0.25%
182 Daya $2,500.00
 $2,500.00c
 0.55%
 0.55%
1 Year No Penalty $500.00 $500.00c
 1.15%
 1.15%
1 Yeara
 $500.00
 $500.00c
 1.35%
 1.36%
15 Montha $500.00
 $500.00c
 1.40% 1.41%
18 Montha
 $500.00
 $500.00c
 1.45% 1.46%
18 Month 1st Choice Cluba
 $500.00
 $500.00c
 1.50% 1.51%
2 Yeara
 $500.00
 $500.00c
 1.75% 1.76%
2 Year 1/2 Yeara
 $500.00
 $500.00c
 2.00% 2.02%
37 Montha
 $500.00
 $500.00c
 2.25% 2.27%
4 Yeara $500.00
 $500.00c
 1.95% 1.96%
5 Yeara  $500.00 $500.00c  1.90% 1.91% 

*Annual Percentage Yield
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
Note: Fees could reduce the earnings on the account.
Deposit Accounts


Account Product Name Minimum Opening Deposit Interest Rate APY*
Statement Savingsb $100 0.15% 0.15%
Interest Checkingb $500 0.10% 0.10%
Ka-Chinga,b,c,d $100

Portion of Daily Balance
up to $30,000
$30,000.01+
0.70%
0.10%
0.70%
.70% to .10%
1st Choice Clubb $1,000 0.10% 0.10%
Money Marketb $2,500

Daily Balances of
up to $9,999.99
$10,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and up
0.20%
0.25%
0.30%
0.50%
0.60%
0.20%
0.25%
0.30%
0.50%
0.60%
First Indexb
$1,000
 
Daily Balances of
up to $9,999.99
$10,000 - $24,999.99
$25,000 - $49,999.99
$50,000 and up
0.20%
0.25%
0.30%
0.50%
0.20%
0.25%
0.30%
0.50%

*Annual Percentage Yield
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
(d) 0.10% APY on non-qualifying balances if you do not meet all the requirements.
Note: Fees could reduce the earnings on the account.
Individual Retirement Accounts


Account Product Name Minimum Opening Deposit Interest Rate APY*
12 Month Variablea,b $100
 1.35% 1.36%
18 Month Variablea,b $100
 1.45% 1.46%
1 Year Fixeda $100
 1.35% 1.36%
2 Year Fixeda
 $100
 1.75% 1.76%
3 Year Fixeda
 $100
 2.25% 2.27%
4 Year Fixeda
 $100
 1.95%
 1.96%
5 Year Fixeda
 $100
 1.90% 1.91%
Roth 18 Month Variablea,b $100
1.45%
 1.46%
Roth 1 Year Fixeda $100
1.35%
1.36%
Roth 5 Year Fixeda $100
 1.90% 1.91%
Education IRA 18 Montha,b $100
 1.45% 1.46%
Money Market IRAb $100

Daily Balances of
up to $9,999.99
$10,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 and up
0.20%
0.25%
0.30%
0.50%
0.60%
 
0.20%
0.25%
0.30%
0.50%
0.60%
 

*Annual Percentage Yield
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
Note: Fees could reduce the earnings on the account.
Business Deposit Accounts


Account Product Name Minimum Opening Deposit Interest Rate APY*
Business Savings
$100 opening deposit,

$250 monthly minimum
 0.15% 0.15%
Business Interest Checkingb
 $100 0.09% 0.09%
Business Money Marketb
 $2,500

            Daily Balances of
up to $49,999
$50,000 and up
0.40%
0.60%

0.40%
0.60%
 

*Annual Percentage Yield
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
Note: Fees could reduce the earnings on the account