Welcome To Salem Cooperative Bank

Deposit Rates

DEPOSIT RATES

Effective:

September 4 , 2008

INTEREST RATE

APY - ANNUAL PERCENTAGE YIELD

MINIMUM BALANCE TO OPEN

MINIMUM BALANCE TO OBTAIN APY

PERSONAL CHECKING AND NOW ACCOUNTS

Partnership Checking

.75%

1.50%

2.00%

2.50%

.75%

1.51%

2.02%

2.53%

$10

$10,000

$50,000

$100,000

$10,000

$50,000

$100,000

Totally Free Checking

none

$10

n/a

Senior Advantage Checking

.50%

$10

NOW Checking

.50%

$10

$500

SAVINGS ACCOUNTS

Partnership Savings

.75%

2.00%

2.50%

3.30%

.75%

2.02%

2.53%

3.35%

$10

$10,000

$50,000

$100,000

$10,000

$50,000

$100,000

Statement Savings

.50%

$10

Tiered Passbook Savings

.50%
.75%

$10
$1,000

$1
$1,000

Passbook Savings

.50%

$10

Club Account

.50%

$10

$100

CERTIFICATES OF DEPOSIT

6 months

2.40%
2.55%
2.80%

2.43%
2.58%
2.84%

$500
$50,000
$100,000

7 month Special

3.20%

3.25%

$500

12 months

2.72%
2.96%

2.75%
3.00%

$500
$100,000

15 month Special

3.45%

3.51%

$500

18 months

2.72%

2.75%

$500

24 months

2.96%

3.00%

$500

30 months

2.96%

3.00%

$500

36 months

2.96%

3.00%

$500

48 months

2.96%

3.00%

$500

60 months

3.45%

3.51%

$500

INDIVIDUAL RETIREMENT ACCOUNTS

9 month Special

2.96%

3.00%

$500

12 months

2.72%
2.96%

2.75%
3.00%

$500
$100,000

15 month Special

3.45%

3.51%

$500

18 months

2.72%

2.75%

$500

24 months

2.96%

3.00%

$500

30 months

2.96%

3.00%

$500

36 months

2.96%

3.00%

$500

48 months

2.96%

3.00%

$500

60 months

3.45%

3.50%

$500

SPECIAL CERTIFICATES OF DEPOSIT RATES! Click here for more information.

Savings and NOW account interest rates are subject to change without notice. Account

fees may reduce earnings. Interest is compounded monthly except for club accounts

(compounded quarterly). Penalty will be assessed for early withdrawal from certificates

of deposits and individual retirement accounts.