Rates

Deposit Rates

Account Information Effective January 11, 2010
Certificates of Deposits	Minimum Balance To Obtain APY	Minimum Balance To Open Account	Interest Rate	APY***
91 Days	$500	$500	0.50%	0.50%
182 Days	$500	$500	1.00%	1.00%
9 Months	$500	$500	1.15%	1.15%
12 Months	$500	$500	1.25%	1.26%
15 Months	$500	$500	1.50%	1.51%
18 Months	$500	$500	1.75%	1.76%
21 Months	$500	$500	1.75%	1.76%
24 Months	$500	$500	2.00%	2.02%
27 Months	$500	$500	2.00%	2.02%
30 Months	$500	$500	2.00%	2.02%
36 Months	$500	$500	2.25%	2.27%
48 Months	$500	$500	2.65%	2.68%
Daily 7 33 months (7 day penalty, daily compounding & crediting)	$500	$500	2.23%	2.25%
Interest Checking	$0	$200	0.10%	0.10%
Pioneer Preferred	$0	$200	1.35%	1.36%
Simple Checking	NA	$100	0%	0%
Free Checking	NA	$0	0%	0%
Business Checking	NA	$100	0%	0%
Regular Savings	NA	$100	0.25%	0.25%
Thrift Savings	$0	$0	0.10%	0.10%
Pioneer Platinum	NA	$2,500
The following rates are earned on the entire balance if:
	$0-$25,000		.25%	.25%
	$25,000.01-$50,000		.50%	.50%
	$50,000.01-$250,000		.75%	.75%
	$250,000.01-over		1.00%	1.00%
Money Market Savings	NA	$0
The following rates are earned on the entire balance if:
	$0-$25,000		.25%	.25%
	$25,000.01-$50,000		.50%	.50%
	$50,000.01-$250,000		.75%	.75%
	$250,000.01-over		1.00%	1.00%
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. *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 = 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, 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
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

Loan Rates