Deposit Rates
Checking/Savings
Effective Date February 17, 2012
| Account Type | Minimum Deposit to Open Account | Minimum Balance to Obtain APY | Interest Rate | APY* |
| Midwest Interest Checking |
$100 |
$1.00-$1,499.00 |
0.05% |
0.05% |
| |
$1,500.00-$9,999.99 |
0.10% |
0.10% |
| $10,000.00-$24,999.99 |
0.15% |
0.15% |
| $25,000.00- on up |
0.20% |
0.20% |
| Midwest Market Plus Checking |
$100 |
$1.00-$24,999.99 |
0.20% |
0.20% |
| |
$25,000.00-$99,999.99 |
0.40% |
0.40% |
| $100,000.00-on up |
0.50% |
0.50% |
| |
|
| Money Market |
$100 |
$0.00-$9,999.99 |
0.10% |
0.10% |
| |
$10,000.00-$ 24,999.99 |
0.15% |
0.15% |
| $25,000.00-$49,999.99 |
0.25% |
0.25% |
| $50,000.00-$99,999.99 |
0.30% |
0.30% |
| $100,000.00-on up |
0.40% |
0.40% |
| |
|
| Savings |
$10 |
NA |
0.15% |
0.15% |
| |
|
| Health Savings Account |
NA |
$0.00-$9,999.99 |
0.25% |
0.25% |
| |
$10,000.00-$24,999.99 |
0.50% |
0.50% |
| $25,000.00-$ 49,999.99 |
0.75% |
0.75% |
| $50,000.00-on up |
1.00% |
1.00% |
| IRA Savings |
NA |
$0.00-$9,999.99 |
.75% |
.75% |
| |
$10,000.00-$24,999.99 |
1.00% |
1.00% |
| $25,000.00-$49,999.99 |
1.00% |
1.00% |
| $50,000.00-$99,999.99 |
1.00% |
1.00% |
| $100,000.00-on up |
1.00% |
1.00% |
*Annual Percentage Yield
Rates may change after account is opened.
Fees may reduce earnings.
Certificates of Deposit
Effective Date December 16, 2011
| Length of Investment | Minimum Deposit to Obtain
Annual Percentage Yield | Interest Rate | Annual Percentage
Yield (APY) % |
| 6 Month Certificate |
$1,000 |
0.15% |
0.15% |
| |
$5,000.00 |
0.20% |
0.20% |
| $10,000.00 |
0.25% |
0.25% |
| $25,000.00 |
0.30% |
0.30% |
| 12 Month Certificate |
$1,000 |
0.30% |
0.30% |
| |
$5,000.00 |
0.35% |
0.35% |
| $10,000.00 |
0.40% |
0.40% |
| $25,000.00 |
0.45% |
0.45% |
| 24 Month Certificate |
$1,000 |
0.60% |
0.60% |
| |
$5,000.00 |
0.70% |
0.70% |
| $10,000.00 |
0.80% |
0.80% |
| $25,000.00 |
0.90% |
0.90% |
| 36 Month Certificate |
$1,000 |
1.03% |
1.03% |
| |
$5,000.00 |
1.13% |
1.13% |
| $10,000.00 |
1.22% |
1.23% |
| $25,000.00 |
1.22% |
1.23% |
| 48 Month Certificate |
$1,000 |
1.15% |
1.15% |
| |
$5,000.00 |
1.24% |
1.25% |
| $10,000.00 |
1.34% |
1.35% |
| $25,000.00 |
1.44% |
1.45% |
| 60 Month Certificate |
$1,000 |
1.34% |
1.35% |
| |
$5,000.00 |
1.44% |
1.45% |
| $10,000.00 |
1.54% |
1.55% |
| $25,000.00 |
1.64% |
1.65% |
| Special Certificates of Deposit |
| 12 MONTH FLEX |
$5,000 Minimum |
0.65% |
0.65% |
| |
Automatically renews to a 12-month flex certificate.
Unlimited deposits ($1,000 minimum), one withdrawal per calendar month ($1,000 minimum), maximum balance limit of $250,000.
|
| 13 MONTH |
$5,000 Minimum |
0.90% |
0.90% |
| |
Automatically renews to a 12-month certificate.
|
| 39 MONTH TRIPLE PLAY |
$5,000 Minimum |
1.22% |
1.23% |
| |
At your option, you may request that the bank change the interest rate on this certificate of deposit one time in a 13 month period, a total of 3 times during the initial term. The interest rate can be changed to the current interest rate of the 36 month certificate based on the corresponding tier balance. Rate may change after account is opened. Automatically renews to a 36 month fixed interest rate CD at its' current rate. (Offer not available to public institutions.)
|
| 7 YEAR |
$5,000 Minimum |
1.99% |
2.00% |
| 10 YEAR |
$5,000 Minimum |
2.53% |
2.55% |
Interest will begin to accrue on the day you purchase your certificate. The annual percentage yield assumes interest remains on the deposit until maturity. A withdrawal of interest before maturity will reduce earnings.
Compounding:
Interest may be compounded on a quarterly basis.
Balance Computation Method:
We will use the daily balance method to calculate the interest on your certificate. This method applies a daily periodic rate to the principal balance on your certificate for each calendar day.
Transaction Limitations:
After your certificate is purchased, you may not make additional deposits to the certificate; however, you may make early withdrawals before the maturity of the certificate, but you will be subject to the early withdrawal penalty described below.
Early Withdrawal Penalty:
In case of the depositor’s death or determination of legal incompetence by a court or other administrative body, we will honor a request for the early withdrawal prior to maturity without penalty. In all other cases, the early withdrawal penalty on the amount withdrawn will be equal to (a) 60 days simple interest at your certificate’s current rate for certificates with an original maturity of less than one year (b) 180 days simple interest at your certificate’s current rate for certificates with an original maturity of one year and less than two years (c) 12 months simple interest at your certificate’s current rate for certificates with an original maturity of two years and less than three years (d) 24 months simple interest at your certificate’s current rate for certificates with an original maturity of three years and less than six years, and (e) 72 months simple interest at your certificate’s current rate for certificates with an original maturity of six years or more.
Renewal Policy:
Your certificate will automatically renew at maturity. You have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged a penalty. If the grace period ends on a non-business day, the grace period will be extended to the next business day.