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Certificates of Deposit and IRA Accounts

PeriodMinimumInterest Rate  APY*    

Interest Compounded
and Credited

3 Month$1,0000.75%0.75%At Maturity
6 Month$1,0000.95%0.95%At Maturity
9 Month$1,0001.05%1.05%At Maturity
12 Month$1,0001.25%1.25%Semi-Annually
15 Month$1,0001.24%1.25%Quarterly
18 Month and Build CD$1,0001.35%1.35%Semi-Annually
24 Month, Bump CD and Build CD$1,0001.89%1.90%Semi-Annually
30 Month$1,0001.94%1.95%Semi-Annually
36 Month$1,0001.99%2.00%Semi-Annually
48 Month and Access CD$1,0002.04%2.05%Semi-Annually
60 Month and Access CD$1,0002.24%2.25%Semi-Annually

 

Deposit Accounts

 Interest RateAPY*
 Checking Accounts - NOW Account, Harvest Club, & Golden Harvest Club
$0.00 - $2,499.990.175%0.175%
$2,500.00 - $24,999.990.20%0.20%
$25,000.00 & Above0.30% 0.30%
Premier Relationship Banking Account
All Balances.40%.40%
Statement Savings Account
$0.00 - $2,499.990.25%0.25%
$2,500.00 & Above0.30%0.30%
First-Time Homebuyer Savings Account
All Balances1.25%1.25%
Money Market Express
$2,500.00 - $4,999.990.45%0.45%
$5,000.00 - $49,999.990.50%0.50%
$50,000.00 - $99,999.990.60%0.60%
$100,000.00 - $249,999.990.65%0.65%
$250,000.00 - $499,999.990.80%0.80%
$500,000.00 - $999,999.990.90%0.90%
$1,000,000.00 & Above1.00%1.00%
Health Savings Account (HSA), Funeral Trust Fund & Variable IRA
See Disclosures0.35%0.35%


*Annual Percentage Yield (APY).  Rates effective as of 4/2/2018 and subject to change without notice.  Deposits are FDIC insured to $250,000 for each depositor.  IRA deposits are FDIC insured to $250,000 for each depositor.  Fees, if any, may affect the annual percentage yield. 

A penalty may be imposed for early withdrawal of CDs.

**Minimum deposit for a Health Savings Account is $100.00.  Funeral Trust Fund and Variable IRA accounts have no minimum deposit to open account.

 

Bump, Build and Access CD Details and Disclosures

Bump CD

If you’re worried about rates rising after locking in a CD, our BUMP CD is for you!  If rates go up, this CD allows you to “bump up” your rate and take advantage of a rising rate environment.

Rate may be bumped once during term, bump must occur after first 6 months.

$1,000 Minimum Deposit.  Interest compounded and credited semi-annually.  Bump, Access and Build CDs are not available on public funds. Subject to penalty for early withdrawal. 

Build CD

Take advantage of the rate you locked in and add more money to your CD with our BUILD CD.  This special CD allows you to add money, such as your Christmas bonus or tax return to your balance.

One deposit per calendar year with a minimum deposit amount of $1,000.  

$1,000 Minimum Deposit.  Interest compounded and credited semi-annually.  Bump, Access and Build CDs are not available on public funds.  Access and Build CDs are not available for IRA or HSA Accounts.  Subject to penalty for early withdrawal. 

Access CD

Unexpected needs come up without warning.  Our ACCESS CD gives you the option to withdraw without penalty when a need for cash arises.  Have access to your money and get a great rate!

Withdrawal allowed once per calendar year and cannot exceed 10% of balance.

$1,000 Minimum Deposit.  Interest compounded and credited semi-annually.  Bump, Access and Build CDs are not available on public funds.  Access and Build CDs are not available for IRA or HSA Accounts.  Subject to penalty for early withdrawal. 

 

CD and Account Details and Disclosures

Certificates of Deposit

Certificates of Deposit - our best rates locked in for terms of your choice.  

The interest rate for your account will be paid until the maturity date of your certificate.  This account will automatically renew at maturity unless disclosed on the certificate of deposit.  If the account does not automatically renew, interest will not accrue after maturity.

Account holder has ten calendar days from the maturity date to withdraw funds without being charged a penalty.  After the account is opened, deposits cannot be made until the maturity date unless specifically allowed as disclosed on the certificate of deposit.

Substantial penalty for early withdrawal.  In the event of an unexpected lifestyle change, we will waive the surrender penalty for medical hardships, nursing home, unemployment, or death of spouse or minor dependent.

If early withdrawal occurs, a penalty will be imposed:

        Term                                                    Penalty

12 month or less                                    90 days interest

15 and 18 month                                   6 months interest

24, 30 and 36 month                            12 months interest

48 and 60 month                                  18 months interest

Early withdrawal penalties effective 11/08/16 on new purchased certificates of deposit.

The annual percentage yield (APY) assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings. 

NOW Checking Account

NOW Checking Account – an interest-bearing account.

Minimum deposit to open account is $100.00.

Free printed monthly statements or eStatement.

Annual charge for ATM or Debit Card.

A minimum balance fee of $8.00* will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.

Harvest & Golden Harvest Club Checking Account

Harvest Club Checking Account – an interest bearing account for those age 50 and over.

Minimum deposit to open account is $100.00.

Free personalized checks and free printed monthly statements or eStatement.

Annual charge for ATM or Debit Card.

A minimum balance fee of $8.00* will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.

Golden Harvest Club Checking Account – an interest bearing account with special benefits for those age 50 and over.

No minimum balance to open the account.

Free personalized checks and free printed monthly statements or eStatement.  Free Cashier’s Checks, insurance benefits and reduced stop payment fee. 

A membership fee of $4.00* will be charged each statement cycle.

Premier Relationship Banking Account

Premier Relationship Banking Account – keep all your finances under one roof.

Please see a Customer Service Representative for the exclusive account privileges associated with the Premier Relationship Banking Account. 

Account qualifications are required to open and maintain a Premier Banking Relationship Banking Account.  Balance qualifications are monitored semi-annually and if minimum stated balance is not maintained, the customer will be notified, and the account will be converted to a non-interest bearing, no minimum balance EZ Free Checking Account.  Fees for domestic wire transfers and cashier’s checks will also then be charged according to Bank Fee Schedule.  Internet banking, online bill pay and debit card will remain free.

Statement Savings Account

Statement Savings Account – a basic interest bearing account with ultimate liquidity.

Minimum deposit to open account is $100.00.  A fee of $3.00 will be imposed every statement cycle if the balance in the account falls below the required minimum of $100.00 any day of the cycle.  The minimum balance requirement on the account is waived for customers age 17 and younger. 

Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic, online or telephone transfers or by similar order are limited to 18 per quarterly statement cycle.  Unlimited withdrawals can be made in person, by ATM or by mail.  If the number of covered transactions within a quarterly statement cycle exceeds 18 in a Statement Savings account, a fee of $1.00 per additional covered transaction will be assessed.  If these transaction limitations are exceeded three times in a rolling 12-month period, the account may be converted to another type of transaction account allowing unlimited third-party transfers.  

First-Time Homebuyer Savings Account

First-Time Homebuyer Savings Account – a savings account with special benefits for those saving for their first home.

Competitive interest rate with no minimum balance.

The account includes provisions that allow individuals to make tax-deductible contributions into an account to be used by a designated person saving to purchase a first home.  Please see a Customer Service Representative to obtain additional details about this account. 

Money Market Express Account

Money Market Express Account – earn higher interest rates on larger balances.

Minimum deposit to open account is $2,500.00.  Interest will be compounded and credited monthly.

A minimum charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, online or telephone transfers or by check or similar order are limited to six per month.  Unlimited withdrawals can be made in person, by ATM or by mail.  A per item fee of $5.00 will be charged for each covered transaction in excess of six during the monthly statement cycle.  If these transaction limitations are exceeded three times in a rolling 12-month period, the account may be converted to another type of transaction account allowing unlimited third-party transfers.  

Health Savings Account (HSA)

Health Savings Account (HSA) – uses tax-deferred earnings to save for healthcare costs and retirement.

Minimum deposit to open account is $100.00. 

Interest will be compounded and credited monthly. 

An annual custodial fee of $15.00* will be charged to the account each January.  An exit fee of $25.00 will be charged at the time of account closing.

Funeral Trust Fund

Funeral Trust Fund – offered only in conjunction with a Funeral Trust Agreement

Quarterly statements.

Interest will be compounded and credited quarterly.

IRA & Roth IRA

IRA & Roth IRA – an opportunity to save for retirement while receiving special tax privileges.

Speak with any of our new account representatives for more information on saving for retirement.

 

All Accounts 

The daily balance method is used to calculate interest and applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

*Service charges subject to Iowa sales tax


calculators

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