Savings Rates

Portrait of mom with two kidsAt Jarrettsville Federal, we strive to provide you with savings account products that are competitive and easy to understand. Our straightforward savings, CD focus on providing our customers a high level of personal service. You will always speak with a REAL person. We offer IRAs and Certificates of Deposit with competitive returns that will accommodate all investment comfort levels.

Interest Rates Effective as of September 19, 2017.

Savings Accounts

Type

APY*

Interest Rate

Minimum To Open

Passbook Savings

0.25%

0.25%

$1.00

Statement Savings

0.30%

0.30%

$1.00

Christmas Club

0.30%

0.30%

$2, $ 5, $10 or $ 20

  • No ACH or electronic debits allowed on Passbook Savings
  • Passbooks must be presented at time of withdrawal
  • Statement Savings account is limited by Federal Reserve Bank Regulation D, during any statement period, you may not make more than six withdrawals from or transfers to another Jarrettsville Federal Account of yours or to a third party by means of pre-authorized or automatic transfer or telephonic order. These transfers or withdrawals may be in any combination of preauthorized, automatic or telephone transfers, ACH transactions.
    • Excess transactions are subject to fees/service charges.
    • Transaction made in person, by mail, or at ATM are not subject to Regulation D.
  • Clubs available in $2, $5, $10 and $20 per week coupon books
  • Club checks are issued end of October

Certificates of Deposit

Short Term

Term

APY*

Interest Rate

Minimum to Open

6 Months

0.30 %

0.30 %

$2,500

Long Term CD/IRA

Term

APY*

Interest Rate

Minimum to Open

12 Months1

0.55 %

0.55 %

$500

18 Months

0.65 %

0.65 %

$500

24 Months2

0.95 %

0.95 %

$500

30 Months

0.95 %

0.95 %

$500

48 Months

1.29 %

1.28 %

$500

60 Months

1.70 %

1.69 %

$500

72 Months

2.00 %

1.98 %

$500

  • Interest is compounded daily and posted semi­annually and upon maturity
  • 1One time step up allowed during 12 month CD term based on current 12 month CD rate.
  • 2 Cd opened with Checking account (existing or new-opened same day) with balances of $500 or more will received APY 1.01% Interest rate 1.00%
  • Additional Account information below

Certificates of Deposit/ IRA Specials

Term

APY*

Interest Rate

Minimum to Open

Additional Account Information

  • Annual Percentage Yield (APY) is effective as of the date noted above, and subject to change without notice. APY assumes interest and principle remain on deposit until maturity. Interest computed from day of deposit to day of withdrawal, compounded daily and paid semi-annually unless stated as monthly. Contact branch for additional details.
  • Fees and charges may reduce the earnings on these accounts.
  • The minimum balance must be maintained to obtain Annual Percentage Yield (APY).
  • Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
  • Accounts available for Maryland, and Pennsylvania residents only; all other are on a “case by case basis.”
  • All applicants must physically come to our location to open any account.
  • In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
  • FDIC insured up to $250,000 per depositor.
  • Certificates of Deposit (CD’s) are issued in the form of a printed certificate. Early withdraws from CD’s will result in substantial penalties.
    • Terms equal to or less than 12 months - 3 months interest
    • Terms greater than 12 months - 6 months interest
  • Individual Retirement Account (IRA) are subject to limitations and/or penalties imposed by the Internal Revenue Service (IRS). Please see your IRA Agreement or your tax advisor for additional information.

For more information about our rates, contact us at 1-800-429-6616 or 410-692-5151.