Deposit Rates


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DEPOSITS

EFFECTIVE AS OF FEBRUARY 10, 2005

 

       RATES FOR VARIOUS INTEREST BEARING DEPOSIT ACCOUNTS

TYPE OF

ACCOUNT

ANNUAL PERCENTAGE

YIELD

COMPOUNDED AND PAID

SIMPLE INTEREST

RATE

MINIMUM

TO OBTAIN APY

MINIMUM

TO OPEN ACCT.

SUPER NOW

.50%

Monthly

.50%

 

$500

MONEY MARKET

1.01%

Monthly

1.00%

 

$1,000

MONEY MARKET PLUS

.50%

1.75%

Monthly

Monthly

.50%

1.74%

$0 - $9,999

$10,000

$10,000

STATEMENT SAVINGS

.50%

Quarterly

.50%

 

 

$50

FREE CHECKING

N/A

N/A

N/A

N/A

$50

COMMERCIAL SAVINGS PLUS

.50%

2.44%

Monthly

Monthly

.50%

2.41%

$0 - $9,999

$10,000

$10,000

For variable rate accounts your rate may change after account is opened. Fees could reduce earnings on the account.

 

TYPE OF

ACCOUNT

ANNUAL PERCENTAGE

YIELD

COMPOUNDED AND PAID

SIMPLE INTEREST

RATE

MINIMUM

TO OBTAIN APY

MINIMUM

TO OPEN ACCT.

COMMERCIAL CHECKING EARNINGS CREDIT

1.01%

Monthly

1.00%

INTEREST RATES FOR CERTIFICATES OF DEPOSITS

CERTIFICATE OF DEPOSIT TERM

ANNUAL PERCENTAGE YIELD

SIMPLE INTEREST RATE

MINIMUM

SPECIAL -

18 month -1 option

36 month -1 option

 

2.60%

3.50%

 

2.58%

3.45%

 

$2,500

30 DAY

.75%

.75%

$5000

91 DAY

1.05%

1.05%

$2500

182 DAY

2.00%

1.99%

$2500

9 MONTH

2.10%

2.08%

$2500

12 MONTH

2.35%

2.33%

$1000

18 MONTH

2.35%

2.33%

$1000

24 MONTH

2.75%

2.72%

$1000

STEP-UP CD

2.55%

2.15%, 2.25%, 2.55%, 3.15%

$2,500

30 MONTH

2.75%

2.72%

$1000

36 MONTH

3.00%

2.97%

$1000

48 MONTH

3.50%

3.46%

$1000

60 MONTH

3.75%

3.70%

$1000

Certificates may be issued for terms other than listed above. Interest for certificates issued for terms other than listed will be paid at the rate for the nearest lower term. The Annual Percentage Yield on all Time Certificates is figured on a compounding quarterly basis for a 12- month period of time. This yield will fluctuate when compounding at a different interval or for any lesser time. Penalty may or will be imposed for early withdrawal. CD rates are valid for customers investing $100,000 or less. Rate quotes for CDs over $100,000 must be authorized by Kenneth Palmer, Roxanne Daust or Scott Reilly.

*Rates are subject to change without prior notice

*Rates are good for customers within the bank's market area only

 

CANADIAN EXCHANGE RATE

Bank Buys Canadian From Customer: 68%

Bank Sells Canadian To Customer: 83%

***APPROVAL FROM ROXANNE OR SCOTT FOR EXCHANGES OF $500 OR MORE***

The First National Bank of Negaunee
P.O. Box 668 Negaunee, MI 49866
phone 906-475-4151
fax 906-475-4264

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