All initial accounts must be opened in person by the primary account holder. Proper identification is required to open any account. We use the daily balance method to calculate the interest. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit and will be paid to the date of withdrawal. Current rates will be posted in our lobby or can be obtained by calling 217-347-7173. Your interest rate and APY may change at our discretion.
†††† CHRISTMAS CLUB: Your interest rate and annual percentage yield will remain in effect until Christmas Club Checks are issued. Interest is compounded daily and credited annually. Deposits of at least $1.00 may be made at any time. No withdrawals are permitted. The balance in your account plus the accrued interest will be mailed after October 25th each year.