Savings & Investments
Raymond Federal Bank offers excellent value in our savings products. You may also like to see our checking products! There are plenty of benefits that we pack into our savings accounts:
- Quarterly Statements
- FREE Notary Service
- FREE Online Banking
- FREE 24 Hour Telephone Banking
- Night Depository Service
Rate may change after an account is opened. "APY" stands for "Annual Percentage Yield."
| Account Name | Description | Min to Open |
Fees | Interest Rate | APY |
Statement Savings |
Interest compounded daily. Rate may change after the account is opened. | $50 | $2.50 / month if balance falls below the minimum | 1.01% | 1.01% |
Statement Savings for Students |
Interest compounded daily. Rate may change after the account is opened. | $10 | $2.50 / month if balance falls below the minimum | 1.01% | 1.01% |
Money Market |
Interest compounded daily. Balances below the minimum will drop to Statement Savings rate. | $5,000 | – | 2.50% | 2.53% |
Premier Plus Money Market |
Interest compounded daily. Balances below the minimum will drop to Statement Savings rate. | $20,000 | – | 3.00% | 3.04% |
Certificate of Deposit (CD) Accounts
Our selection of CD savings vehicles can help you create wealth over time. You may also like to see our checking products! Our CD accounts come with peace of mind:
- FREE Notary Service
- FREE Online Banking
- FREE 24 Hour Telephone Banking
- Night Depository Service
- Can receive CD balance on a statement by combining to a savings or checking statement
All require $100 minimum deposit to open. Certificate has 4 rate tiers based on balance. IRA accounts are available for all Terms.
"IR" stands for "Interest Rate" and "APY" stands for "Annual Percentage Yield."
Please Note there is a 90 day interest penalty for early withdrawal and interest is compounded daily unless otherwise noted. Any winthdrawals or fees could reduce earnings.
| Term | Min to Open |
$100 to $7,499 |
$7,500 to $14,999 |
$15,000 to $49,999 |
$50,000 to and Up |
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| IR | APY | IR | APY | IR | APY | IR | APY | ||
90 Days * |
$100 | 2.00% | 2.01% | 2.05% | 2.06% | 2.10% | 2.11% | 2.15% | 2.16% |
182 Days * |
$100 | 2.40% | 2.41% | 2.45% | 2.46% | 2.50% | 2.51% | 2.55% | 2.56% |
8 Month † |
$100 | 2.85% | 2.88% | 2.90% | 2.93% | 2.95% | 2.99% | 3.00% | 3.04% |
7 Month † |
$100 | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% |
9 Month † |
$100 | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% |
13 Month |
$100 | 3.00% | 3.04% | 3.05% | 3.09% | 3.10% | 3.14% | 3.15% | 3.19% |
33 Month |
$100 | 3.55% | 3.61% | 3.60% | 3.66% | 3.65% | 3.71% | 3.70% | 3.76% |
1 Year |
$100 | 2.50% | 2.53% | 2.55% | 2.58% | 2.60% | 2.63% | 2.65% | 2.68% |
14 Month |
$100 | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% |
15 Month |
$100 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
16 Month |
$100 | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% |
18 Month |
$100 | 2.60% | 2.63% | 2.65% | 2.68% | 2.70% | 2.73% | 2.75% | 2.78% |
2 Year |
$100 | 2.35% | 2.37% | 2.40% | 2.42% | 2.45% | 2.48% | 2.50% | 2.53% |
30 Month |
$100 | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% | 1.50% | 1.51% |
3 Year |
$100 | 3.00% | 3.04% | 3.05% | 3.09% | 3.10% | 3.14% | 3.15% | 3.19% |
5 Year |
$100 | 3.50% | 3.55% | 3.55% | 3.61% | 3.60% | 3.66% | 3.65% | 3.71% |
Contact us for more information.
- * Simple interest (not compound interest). 30-day interest penantly for early withdrawal.
- † 30-day interest penalty.
- Highlighting denotes CD Special. Available for a limited time only.
