St Tammany CD Rates

St. Tammany Homestead Savings and Loan was established in 1924 as a savings and loan association.  The bank is headquartered in Covington, LA.  In over 80 years in business, the bank has weathered the Great Depression, hyper-inflation, double-digit interest rates and the “great savings and loan debacle” of the 1980s.  The bank has always dedicated its efforts on home loans and savings accounts with a commitment to personal service for their customers.

St Tammany Homestead Savings and Loan Association has been FDIC insured since August 3, 1935.  The bank is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).  As of the close of 2008, the bank had assets of $106,490,000 and a net loss of-$444,000.  The performance ratios for the bank included noncurrent loans to total loans of 4.40%, core capital or leverage ratio of 8.62%, tier 1 risk-based capital ratio of 13.62% and total risk-based capital ratio of 14.15%.

The bank currently offer 10 types of certificates of deposit that compound daily, interest is calculated on a 365 day year, and they have 10 days grace after maturity.  The minimum balance to obtain the annual percentage yield for all bank CD’s is $500.00.  The minimum balance requirement for all out of state accounts is $10,000.00, accounts may only be Single or Joint account ownership, choose either the 1 Year or 2 1/2 Years CD’s, interest must accrue, (No Interest Checks).  Share loans are only allowed for Louisiana residents.  Penalties are assessed for early withdrawals, except in circumstances required by law.  No additions are allowed until maturity and must be within 10 day grace period after maturity.  All certificates of deposit except the jumbo CDs and mini-jumbo CDs or any special offer CD automatically renew at maturity for a like term at the rate in effect on a certificate of that class

91 day CD rate is 1.61% APY
6 month CD rate is 2.02% APY
1 year CD rate is 2.22% APY
18 month CD rate is 2.33% APY

2 year bump up option CD rate 2.02% APY
4 year bump up option CD rate 2.79% APY

30 month CD rate is 2.63% APY
3 year CD rate is 2.84% APY
5 year CD rate is 3.46% APY

All bank CD rates are subject to change at the banks discretion prior to account opening.  Current CD rate information and account details can be obtained by calling the bank at 800-646-1658.  St. Tammany Homestead Savings and Loan maintains a website that includes information on the various bank products as well as CD rates, savings account rates, checking account rates and more.  The web address for St. Tammany Homestead Savings and Loan is www.sttammanyhomestead.com.

Tags: 1 year CD rates, 18 month CD rates, 5 year CD rates, 6 month CD rates, bank, bank CD, CD rates, certificate of deposit, checking account, savings, St. Tammany Homestead Savings and Loan

This entry was posted on Wednesday, March 4th, 2009 at 9:56 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.