Rates

Deposit Rates

Account Information Effective January 12, 2012
Certificates of Deposits	Minimum Balance To Obtain APY	Minimum Balance To Open Account	Interest Rate	APY**
91 Days	$500	$500	0.10%	0.10%
182 Days	$500	$500	0.25%	0.25%
9 Months	$500	$500	0.50%	0.50%
12 Months	$500	$500	0.75%	0.75%
18 Months	$500	$500	1.00%	1.00%
21 Months	$500	$500	1.00%	1.00%
24 Months	$500	$500	1.25%	1.26%
30 Months	$500	$500	1.25%	1.26%
36 Months	$500	$500	1.50%	1.51%
48 Months	$500	$500	1.75%	1.76%
Daily 7 33 months	$500	$500	1.24%	1.25%
(7 day penalty, daily compounding & crediting)
Checking Accounts	Minimum Balance To Obtain APY	Minimum Balance To Open Account	Interest Rate	APY**
Kasasa Cash	$0	$1
The following rates are earned on the tiers listed when qualifications are met:
	$0-$15,000		2.48%	2.51%
	$15,000.01+		0.50%	0.50%
	Rate earned on entire balance if qualifications are not met:		0.05%	0.05%
Kasasa Tunes	$0	$1	0%	0%
Pioneer Preferred	$0	$200	1.30%	1.31%
Interest Checking	$0	$200	0.05%	0.05%
Simple Checking	NA	$100	0%	0%
Business Checking	NA	$100	0%	0%
Business checking earns a credit of $.10/$100 average available balance.
Savings Accounts	Minimum Balance To Obtain APY	Minimum Balance To Open Account	Interest Rate	APY**
Kasasa Saver	$0	$50
The following rates are earned on the tiers listed when qualifications are met:
	$0-$25,000		1.50%	1.51%
	$25,000.01+		0.50%	0.50%
	Rate earned on entire balance if qualifications are not met:		0.05%	0.05%
Regular Savings	NA	$100	0.25%	0.25%
Thrift Savings	$0	$0	0.05%	0.05%
Platinum Plus Savings	NA	$0
The following rates are earned on the entire balance if:
	$0-$50,000	6.00% Under Prime	* .25%	* .25%
	$50,000.01-$100,000	4.00% Under Prime	* .50%	* .50%
	$100,000.01-$250,000	3.50% Under Prime	*1.00%	*1.00%
	$250,000.01-over	3.00% Under Prime	*1.50%	*1.51%
The interest rate will change on the first day of any month following a change in the Wall Street Journal Prime rate.
*Minimum Interest Rate & APY.
** Annual Percentage Yield
Wall Street Journal Prime = 3.25%
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, telephone transfer, check, or draft are limited to six per statement cycle. 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 next business day after the deposit (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. Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, automatic payment, or other electronic means. No account service charge fees will be assessed to individuals under age 18 or to legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts.  Service charges will begin automatically on the statement cycle following an individual’s 18th birthday. Free debit card for minors on Simple Checking until age 18.  Automatic annual fee begins July 1st following 18th birthday.
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 unless otherwise noted by type of Certificate. 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 unless otherwise noted by type of Certificate. Refer to original Certificate. The Annual Percentage Yield assumes the interest remains on deposit until maturity.  Early withdrawal of principal or interest will reduce earnings. Fees, penalties, service charges and withdrawal of earned interest may reduce earnings.
Contact Us
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

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