Account Disclosures

Below is a quick summary of the account disclosures. Clicking on a section will take you to the appropriate section of the actual disclosure. If you have any questions or concerns, please contact us and we will be happy to help.

For specific information on an account, select the account type below: 

High-Interest Checking
High-Interest Savings
Connect 6 Month CD
Connect 12 Month CD
Connect 15 Month CD
Connect 18 Month CD
Connect 21 Month CD
Connect 24 Month Investment CD
Connect 36 Month CD

High-Interest Checking

• Rate information: At our discretion, we may change the interest rates for this account. The interest rate on this account is 2.67% with an annual percentage yield (APY) of 2.70%. The interest rate and annual percentage yield are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. The interest rate and annual percentage yield may change at any time.
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $10.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: You may make an unlimited number of deposits into your account.
• Additional Terms: The following additional terms apply to this account:
  • ATM surcharges from other institutions will be rebated up to $15.00 per statement cycle. It is our policy to pay items in the following order:
  • Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for nonsufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
  • Fees may reduce earnings. 

High-Interest Savings

• Rate information: At our discretion, we may change the interest rate for this account. The interest rate on this account is 1.49% with an annual percentage yield (APY) of 1.50%. The interest rate and annual percentage yield are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. The interest rates and annual percentage yields may change at any time.
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $10.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: You may make an unlimited number of deposits into your account.
• Additional Terms: The following additional terms apply to this account:
  • Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above. We may charge you a fee if we return the item unpaid or pay the item on your behalf. If we do not pay the debit transaction or item on your behalf and return the debit or item, we may charge you a non-sufficient funds (NSF) fee. Pursuant to NACHA Operating Rules and Guidelines and other applicable laws, an item may be presented for payment more than one time by another party. We may charge you an NSF fee for each resubmission of an item or re-presentation of a check, which means you may incur multiple NSF fees if an item is returned more than one time. For example, if you authorize an ACH debit payment from your account with us and the ACH debit is returned for non-sufficient funds, we may charge you an NSF fee. If the same ACH debit is then re-presented to us for payment, and the ACH debit is returned for a second time for non-sufficient funds, we may charge you a second NSF fee when the ACH debit is returned for nonsufficient funds. We cannot control when another party resubmits an ACH debit or other item or re-presents a check for payment, and the other party's right to do so may be governed by the NACHA Operating Rules and Guidelines or other applicable laws.
  • Fees may reduce earnings. 

Connect 6 Month CD

• Rate information: The interest rate on this account is 4.89% with an annual percentage yield of 5.00%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 6 month(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal three months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 12 Month CD

• Rate information: The interest rate on this account is 4.17% with an annual percentage yield of 4.25%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 12 month(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 15 Month CD

• Rate information: The interest rate on this account is 2.81% with an annual percentage yield of 2.85%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 15 months after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 18 Month CD

• Rate information: The interest rate on this account is 3.15% with an annual percentage yield of 3.20%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 18 month(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00. 
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 21 Month CD

• Rate information: The interest rate on this account is 3.15%  with an annual percentage yield of 3.20%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity.
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 21 month(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
•  Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00.
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 24 Month Investment CD

• Rate information: The interest rate on this account is 3.25% with an annual percentage yield of 3.30%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 2 year(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00. 
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: You may make an unlimited number of deposits into your account.
• Effect on maturity: The maturity date for this account will remain the same after additional deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account. 

Connect 36 Month CD

• Rate information: The interest rate on this account is 0.85%  with an annual percentage yield of 0.85%.  The interest rate(s) and annual percentage yield(s) are accurate as of 6/3/2023. If you would like more current rate and yield information, please call us at 855-552-2655. You will be paid this rate until next maturity. 
• Compounding frequency: Interest will be compounded monthly.
• Crediting frequency: Interest will be credited into this account monthly.
• Time requirements: This account matures 36 month(s) after account opening.
• Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): The penalty will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
• Withdrawal of interest prior to maturity: The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
• Automatically renewable account: Your account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. Unless we tell you otherwise in writing, the interest rate will be the same we offer on new certificate of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the renewed certificate of deposit account. You will have a grace period of ten calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period, if any).
• Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
• Accrual of interest on noncash deposits: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
• Minimum balance to open: The minimum balance required to open this account is $500.00. 
• Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
• Deposit limitations: After the account is opened, you may not make any deposits.
• Withdrawal limitations: You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.