Rates
Checking & Savings Rates
|
Account Type |
Minimum Opening Deposit |
Interest Rate |
Annual Percentage Yield (APY) |
Minimum Balance to Obtain APY |
|
Super NOW* |
$1,000 |
0.50% 0.60% 0.70% |
0.50% 0.60% 0.70% |
$1,000-$9,999 $10,000-$19,999 $20,000 & Over |
|
Money Market* |
$2,500 |
0.50% 0.55% 0.60% 0.70% 0.85% |
0.50% 0.55% 0.60% 0.70% 0.85% |
$2,500-$24,999 $25,000-$49,999 $50,000-$74,999 $75,000-$99,999 $100,000 & Over |
|
Regular Savings** |
$100 |
0.50% 0.65% 0.75% |
0.50% 0.65% 0.75% |
$100-$24,999 $25,000-$49,999 $50,000 & Over |
|
Junior Savings** |
$25
|
0.50% 0.55% 0.60% |
0.50% 0.55% 0.60% |
$100-$24,999 $25,000-$49,999 $50,000 & Over |
*Interest paid Monthly – Interest Rate may change after account is opened
**Interest paid May & November - Interest Rate may change after account is opened
Fees may reduce earnings
Certificates of Deposit (CD’s)
|
Term |
Minimum Opening Deposit |
Interest Rate Under $100,000 |
Annual Percentage Yield (APY) Under $100,000 |
Interest Rate $100,000 & Over |
Annual Percentage Yield (APY) $100,000 & Over |
|
6 Months |
$1,000 |
0.40% |
0.40% |
0.70% |
0.70% |
|
12 Months |
$1,000 |
0.80% |
0.80% |
1.05% |
1.06% |
|
18 Months |
$1,000 |
0.95% |
0.96% |
1.20% |
1.21% |
|
24 Months |
$1,000 |
1.05% |
1.06% |
1.30% |
1.31% |
|
30 Months |
$1,000 |
1.10% |
1.11% |
1.40% |
1.41% |
|
36 Months |
$1,000 |
1.40% |
1.41% |
1.50% |
1.51% |
|
48 Months |
$1,000 |
1.75% |
1.76% |
1.85% |
1.87% |
|
60 Months |
$1,000 |
2.00% |
2.02% |
2.10% |
2.12% |
Substantial penalty for early withdrawal will be imposed
Automatically renewable at current rates
Individual Retirement Accounts (IRA’s)
|
Term |
Minimum Opening Deposit |
Interest Rate Under $100,000 |
Annual Percentage Yield (APY) Under $100,000 |
Interest Rate $100,000 & Over |
Annual Percentage Yield (APY) $100,000 & Over |
|
12 Months |
$1,000 |
0.40% |
0.40% |
0.65% |
0.65% |
|
18 Months |
$1,000 |
0.75% |
0.75% |
0.80% |
0.80% |
|
24 Months |
$1,000 |
0.95% |
0.95% |
1.00% |
1.01% |
|
30 Months |
$1,000 |
1.00% |
1.01% |
1.20% |
1.21% |
|
36 Months |
$1,000 |
1.25% |
1.26% |
1.30% |
1.31% |
|
48 Months |
$1,000 |
1.50% |
1.51% |
1.55% |
1.56% |
|
60 Months |
$1,000 |
1.75% |
1.76% |
1.85% |
1.86% |
Depositor may not withdraw until age 59 ½
Substantial withdrawal penalty and Federal Tax penalty will be assessed for early withdrawal
(Contact tax advisor for additional information)
Automatically renewable at current rates
MEMBER FDIC
Midland Community Bank Notice of Participation in FDIC Transaction Acount Guarantee Program
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTA's").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov
