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DIVIDEND RATES - 2nd Quarter Ending June 30, 2008

SHARES

SHARES RATE APY
SHARE/SAVINGS 0.75% 0.75%

LIFE SAVINGS

0.30% 0.30%

DRAFT/CHECKING

0.15% 0.15%

IRA

3.50% 3.55%

PREMIUM SAVERS **

   
Tier One $10,000.00-$24,999.99 2.25% 2.27%
Tier Two $25,000 and over 2.50% 2.52%

CERTIFICATES - Rates effective  July 1 , 2008
(Certificate Rates Subject to change without notice)

TERMS RATE APY
6 MONTH TERM
(MINIMUM $1,000.00)
2.50% 2.53%

1 YEAR TERM
(MINIMUM $5,000.00)

2.65% 2.68%

2 YEAR TERM
(MINIMUM $5,000.00)

2.75% 2.78%

EARLY WITHDRAWAL PENALTY:
6 MONTH CERTIFICATES = 30 DAYS INTEREST
1 & 2 YEAR CERTIFICATES = 90 DAYS INTEREST
*APY = Annual Percentage Yield
** Premium Savers Accounts (This is actual rate to be declared 06-30-08 for 2nd        quarter 2008)
The estimated rates for 3rd  quarter 2008 are as follows:
Tier One – Rate 1.95% - APY - 1.96%
Tier Two – Rate 2.20% - APY – 2.22%

 

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