|
|
| |
|
| |
|
| |
 |
| |
Deposit Rates |
Loan Rates |
| |
|
| |
Account Information Effective September 29, 2008
|
| Certificates of Deposits |
Minimum Balance
To Obtain APY |
Minimum Balance To
Open Account |
Interest Rate |
APY*** |
| 91 Days |
$500 |
$500 |
2.00% |
2.02% |
|
|
|
|
|
| 182 Days |
$500 |
$500 |
2.25% |
2.27% |
|
|
|
|
|
| 9 Months |
$500 |
$500 |
2.97% |
3.00% |
|
|
|
|
|
| 12 Months |
$500 |
$500 |
2.50% |
2.52% |
|
|
|
|
|
| 14 Months |
$500 |
$500 |
3.50% |
3.55% |
|
|
|
|
|
| 18 Months |
$500 |
$500 |
2.50% |
2.52% |
|
|
|
|
|
| 21 Months |
$500 |
$500 |
3.45% |
3.50% |
|
|
|
|
|
| 24 Months |
$500 |
$500 |
2.50% |
2.52% |
|
|
|
|
|
| 26 Months |
$500 |
$500 |
3.75% |
3.80% |
|
|
|
|
|
| 30 Months |
$500 |
$500 |
2.97% |
3.00% |
|
|
|
|
|
| 36 Months |
$500 |
$500 |
3.00% |
3.03% |
|
|
|
|
|
| 38 Months |
$500 |
$500 |
4.00% |
4.06% |
|
|
|
|
|
| 48 Months |
$500 |
$500 |
3.75% |
3.80% |
| 50 Months |
$500 |
$500 |
4.35% |
4.42% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Checking |
$0 |
$200 |
0.25% |
0.25% |
|
|
|
|
|
| Simple Checking |
NA |
$100 |
0% |
0% |
|
|
|
|
|
| Free Checking |
NA |
$0 |
0% |
0% |
|
|
|
|
|
| Business Checking |
NA |
$100 |
0% |
0% |
|
|
|
|
|
| Regular Savings |
NA |
$100 |
0.75% |
0.75% |
|
|
|
|
|
| Thrift Savings |
$0 |
$0 |
0.25% |
0.25% |
|
|
|
|
|
| Pioneer Platinum |
NA |
$2,500 |
|
|
| The following rates are earned on the entire balance if: |
|
$0-$25,000 |
|
.50% |
.50% |
|
$25,000.01-$50,000 |
|
.75% |
.75% |
|
$50,000.01-$250,000 |
|
1.50% |
1.51% |
|
$250,000.01-over |
|
2.00% |
2.02% |
|
|
|
|
|
| Money Market Savings |
NA |
$0 |
|
|
| The following rates are earned on the entire balance if: |
|
$0-$25,000 |
|
.50% |
.50% |
|
$25,000.01-$ 50,000 |
|
.75% |
.75% |
|
$50,000.01-$250,000 |
|
1.50% |
1.51% |
|
$250,000.01-over |
|
2.00% |
2.02% |
|
|
|
|
|
| Platinum Plus Savings |
NA |
$0 |
|
|
| The following rates are earned on the entire balance if: |
|
$0-$50,000 |
6.00% Under Prime |
* .50% |
* .50% |
|
$50,000.01-$100,000 |
4.00% Under Prime |
1.00% |
1.00% |
|
$100,000.01-$250,000 |
3.50% Under Prime |
1.50% |
1.51% |
|
$250,000.01-over |
3.00% Under Prime |
2.00% |
2.02% |
|
|
|
|
|
| The interest rate will change on the first day of any month. *Minimum Interest Rate & APY. |
|
|
|
|
|
| Business checking earns credit of $.10/$100 average available balance |
***The Annual Percentage Yield assumes the interest remains on deposit until maturity.
Early withdrawal of principal of interest will reduce earnings |
|
|
|
|
|
| Wall Street Journal Prime |
5.00% |
|
|
|
|
|
|
|
|
| CHECKING AND SAVINGS FEATURES |
| Accounts closed between statement cycles will not receive accrued interest. |
| Transfers from savings accounts to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third party. |
| The average daily balance method is used to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for this period. |
| Interest on non-cash deposits begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). |
| The interest rate and annual percentage yield may change at the Bank's discretion as often as daily. |
| Fees, penalties, service charges and withdrawal of earned interest may reduce earnings. |
| Earnings credit is determined at the Bank's discretion and may change at any time. |
| Fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. |
|
| CERTIFICATE OF DEPOSIT FEATURES |
All Certificates of Deposit are subject to a penalty for early withdrawal equal to 30 days of interest on maturities
of less than one year and 90 days of interest on maturities of one year and longer. |
| Some Certificates are automatically renewable and will begin to earn the renewal rate on the day of maturity. |
| No penalty is assessed for a withdrawal from an automatically renewable Certificate within 10 days after maturity. |
| Interest begins to accrue on the business day you deposit non cash items (for example, checks). |
| After the account is opened, you may not make deposits into this account until maturity. |
| After the account is opened, you may not withdraw principal from this account until maturity, without penalty. |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodical
rate to the principal in the account each day. |
|
| Interest on consumer owned Certificates is credited and compounded quarterly. Refer to original Certificate. |
|
| Top Choice & Prime Choice Certificates of Deposits are 12 month deposits which may adjust daily to 2 ½% under Wall Street Journal Prime. |
|
| Tack-on Certificate of Deposit allow deposits at any time during the original term of the certificate. $1,000 minimum required for opening any tack-on deposits. |
|
| Your account will mature on _____________. Your APY rate is ____% MEMBER FDIC |
|
| North Mankato 507-345-2178 Mankato 507-345-7069 Delavan 507-854-3238 |
| Elmore 507-943-3131 Mapleton 507-524-3630 St. James 507-375-3201 |
|
|
| |
Please call our lenders at any of our locations for the
latest loan rates and terms.
|
| |
Elmore: |
Barb Hofbauer
Phone: 507-943-3131 or 888-269-2265 |
| |
|
|
| |
Mapleton/Delavan: |
Marvin Kimm
Galen Reding
Ryan Roles
Geralyn VanRossum
Phone: 507-524-3630 or 888-866-2265 |
| |
|
|
| |
St. James:
|
Emily Boelke
Kevin Christenson
David Krause
Jim Paulson
John Schmidt
Phone: 507-375-3201 or 888-206-1700 |
| |
|
|
| |
Mankato: |
Jerry Benrud
Denise Nienow
Ryan Roles
Phone: 507-345-7069 |
| |
|
|
| |
North Mankato: |
Alissa Brekke
Bernie Bastian
Duane Olenius
Phone: 507-625-3268 |
| |
|
|
