Payroll Savings Bond
Payroll Savings Bond
We are happy to be offering Payroll Savings Bonds through Payroll Deduction!
We are the only Financial Institution that offers this program.
Benefits:
- Save money with NO FEES
- Withdrawal flexibility
- This can be done through regualr payroll (bi-weekly) and also offered through Pension Payroll (monthly)
Features:
- Rate of return guaranteed; Rate for Nov 1, 2023 will be 3%
- Compounded monthly interest
- Runs November 1-October 31...but you can join at any time!
- You can contribute through convenient Payroll deduction and also through an automatic funds transfer
We can help you save! Whether it's $500, $1000 or $5000.... you can make it happen through Payroll Deductions
|
Payment Frequency |
Savings Goal* |
||
|
$500 |
$1000 |
$5000 |
|
|
Bi-weekly (Regular Payroll) |
$19.23 |
$38.46 |
$192.30 |
|
Monthly (Pension Payroll) |
$41.66 |
$83.33 |
$416.66 |
|
Weekly (Automatic Transfer) |
$9.61 |
$19.23 |
$96.15 |
Interest is paid at Maturity only. If money is taken from bond, the deductions will still continue, just no interest paid until the end of the bond period.
