Rates
Checking & Savings Rates
|
Account Type |
Minimum Opening Deposit |
Interest Rate |
Annual Percentage Yield (APY) |
Minimum Balance to Obtain APY |
|
Super NOW* |
$1,000 |
0.75% 1.00% 1.25% |
0.75% 1.00% 1.25% |
$1,000-$9,999 $10,000-$19,999 $20,000 & Over |
|
Money Market* |
$2,500 |
1.25% 1.35% 1.40% 1.50% 2.00% |
1.26% 1.36% 1.41% 1.51% 2.02% |
$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% 0.65% 0.75% |
0.50% 0.65% 0.75% |
$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 |
1.04% |
1.04% |
1.29% |
1.29% |
|
12 Months |
$1,000 |
1.42% |
1.43% |
1.67% |
1.68% |
|
18 Months |
$1,000 |
1.56% |
1.57% |
1.81% |
1.82% |
|
24 Months |
$1,000 |
1.87% |
1.88% |
2.12% |
2.13% |
|
30 Months |
$1,000 |
2.02% |
2.04% |
2.27% |
2.29% |
|
36 Months |
$1,000 |
2.15% |
2.17% |
2.40% |
2.42% |
|
48 Months |
$1,000 |
2.29% |
2.31% |
2.54% |
2.56% |
|
60 Months |
$1,000 |
2.78% |
2.81% |
3.03% |
3.38% |
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 |
1.26% |
1.27% |
1.51% |
1.52% |
|
18 Months |
$1,000 |
1.33% |
1.34% |
1.58% |
1.59% |
|
24 Months |
$1,000 |
1.51% |
1.52% |
1.75% |
1.77% |
|
30 Months |
$1,000 |
2.02% |
2.04% |
2.27% |
2.29% |
|
36 Months |
$1,000 |
2.15% |
2.17% |
2.40% |
2.42% |
|
48 Months |
$1,000 |
2.29% |
2.31% |
2.54% |
2.56% |
|
60 Months |
$1,000 |
2.62% |
2.64% |
2.87% |
2.89% |
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
FDIC TRANSACTION ACCOUNT GUARANTEE PROGRAM
Midland Community Bank is participating in the FDIC's Transaction Account Guarantee Program. Under the program, through December 31, 2010, all noninterest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Super Now Accounts are excluded
