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Rate Sheet

This Rate Chart contains information about interest rates and annual percentage yields for some of the accounts we offer.

Certificates of Deposit

Product

Minimum Opening
Deposit

Minimum Balance to
Obtain APY

Interest Rate

Annual Percentage
Yield

3 Month a

$500.00

$500.00 c

0.20%

0.20%

6 Month a

$500.00

$500.00 c

0.30%

0.30%

9 Month a

$500.00

$500.00 c

0.40%

0.40%

12 Month a

$500.00

$500.00 c

0.50%

0.50%

18 Month One Time
Bump Up a,b

$500.00

$500.00 c

0.50%

0.50%

24 Month a

$500.00

$500.00 c

0.65%

0.65%

30 Month a

$500.00

$500.00 c

0.90%

0.90%

36 Month a

$500.00

$500.00 c

0.95%

0.95%

48 Month a

$500.00

$500.00 c

1.05%

1.05%

60 Month a

$500.00

$500.00 c

1.25%

1.25%

One Year, No Penalty

$1,000.00

$1,000.00 c,d

0.30%

0.30%

Checking Accounts

Product

Minimum Opening
Deposit

Minimum Balance to
Obtain APY

Interest Rate

Annual Percentage
Yield

Health Savings Account b

$25.00

$0.01 c

2.00%

2.00%

Interest Checking b

$100.00

$750.00 c

0.10%

0.10%

50 Plus Checking b

$100.00

$500.00 c

0.15%

0.15%

James River Account b

$100.00

$1,000.00 c

0.15%

0.15%

Lancer Account b

$100.00

$0.01 c

0.10%

0.10%

Business Interest
Checking b

$100.00

$0.01 c

0.10%

0.10%

IOLTA b

$100.00

 

0.15%

0.15%

Minuteman Checking b

$100.00

$0.01 c

0.10%

0.10%

Staunton River Checking b

$100.00

$0.01 c

0.10%

0.10%

Market Accountsb

Product

Minimum Opening
Deposit

Minimum Balance to
Obtain APY

Interest Rate

Annual Percentage
Yield

Blue Ridge Money Market Account b

$100.00

$2,500.00 c

   

Daily Balances of: c

       

$2,500.00-$99,999.99

   

0.15%

0.15%

$100,000.00-$999,999.99

   

0.25%

0.25%

Community Market
Account b

$100.00

$2,500.00 c

   

Daily Balances of: c

       

$2,500.00-$49,999.99

   

0.10%

0.10%

$50,000.00-$99,999.99

   

0.15%

0.15%

$100,000.00-$999,999.99

   

0.25%

0.25%

Savings Accounts

Product

Minimum Opening
Deposit

Minimum Balance to
Obtain APY

Interest Rate

Annual Percentage
Yield

Peaks Savings Account b

$500.00

     

Daily Balances of: c

       

up to $110,000.00

   

0.15%

0.15%

$110,000.01-$999,999.99

   

0.10%

0.10%

Statement Savings b

$100.00

$0.01 c

0.10%

0.10%

Minor Savings Account b

$50.00

 

0.10%

0.10%

Community Market IRA b

$100.00

$0.01 c

0.50%

0.50%

Christmas Club Account b

$20.00

$0.01 c

0.50%

0.50%

 

  1. Penalty may be imposed for early withdrawal.
  2. The interest rate and annual percentage yield may change after account opening.
  3. Daily balance. The amount of the principal in the account each day.
  4. This product will incur a penalty of six days' interest if the funds are withdrawn within six days after account opening.

Fees could reduce the earnings on the account. Interest Rates and Annual Percentage Yields are current as of September 16, 2014. For current rate information call (434) 846-2000.

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