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Deposit Rates
The standard FDIC
insurance amount of $250,000 per depositor is in effect through
December 31, 2013. On January 1, 2014, the standard insurance amount
will return to $100,000 per depositor for all account categories
except IRAs and other certain retirement accounts, which will remain
at $250,000 per depositor.
John O. Melby &
Co. Bank is participating in the FDIC's Transaction Account
Guarantee Program. Under that 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. Member FDIC.
|
Investment Term
|
Interest Rate |
Annual
Percentage Yield |
Minimum Deposit to Open |
|
Certificates of Deposit |
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|
3 Month CD |
|
|
$2,500.00 |
|
$2,500.00 to
$9,999.99 |
0.50% |
0.50% |
|
|
$10,000.00 to
$49,999.99 |
0.75% |
0.75% |
|
|
$50,000.00 and over |
0.90% |
0.90% |
|
|
|
|
|
|
|
6 Month CD |
$2,500.00 |
||
|
$2,500.00 to
$9,999.99 |
0.90% |
0.90% |
|
|
$10,000.00 to
$49,999.99 |
1.05% |
1.05% |
|
|
$50,000.00 and over |
1.15% |
1.15% |
|
|
|
|
|
|
|
12 Month (1
Year) CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
1.25% |
1.26% |
|
|
$10,000.00 to
$49,999.99 |
1.35% |
1.36% |
|
|
$50,000.00 and over |
1.45% |
1.46% |
|
|
|
|
|
|
|
18 Month CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
1.45% |
1.46% |
|
|
$10,000.00 to
$49,999.99 |
1.50% |
1.51% |
|
|
$50,000.00 and over |
1.60% |
1.61% |
|
|
24 Month (2
Year) CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
1.60% |
1.61% |
|
|
$10,000.00 to
$49,999.99 |
1.70% |
1.71% |
|
|
$50,000.00 and over |
1.80% |
1.81% |
|
|
|
|
|
|
|
30 Month CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
1.70% |
1.71% |
|
|
$10,000.00 to
$49,999.99 |
1.80% |
1.81% |
|
|
$50,000.00 and over |
1.90% |
1.91% |
|
|
|
|
|
|
|
36 Month CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
1.90% |
1.91% |
|
|
$10,000.00 to
$49,999.99 |
2.05% |
2.07% |
|
|
$50,000.00 and over |
2.10% |
2.12% |
|
|
|
|
|
|
|
48 Month (4 Year) CD |
|
|
$1,000.00 |
|
$1,000.00 to
$9,999.99 |
2.25% |
2.27% |
|
|
$10,000.00 to
$49,999.99 |
2.43% |
2.45% |
|
|
$50,000.00 and over |
2.53% |
2.55% |
|
|
Individual Retirement Accounts |
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|
Variable Rate IRA |
1.90% |
1.92% |
$100.00 |
|
Individual
Retirement Accounts are variable rate accounts, and interest
rates may change after account opening. |
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|
Savings Accounts |
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|
Money Market
Savings |
$2,500.00 |
||
|
$2,500 to $9,999.99 |
0.35% |
0.35% |
|
|
$10,000 to $24,999.99 |
0.75% |
0.75% |
|
|
$25,000.00 to $99,999.99 |
1.00% |
1.00% |
|
|
$100,000.00 and up |
1.10% |
1.11% |
|
|
|
|
|
|
|
Savings Account |
0.35% |
0.35% |
$50.00 |
|
Money Market
Savings and Savings Accounts are variable rate accounts, and
interest rates may change after account opening. |
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Health Savings
Account |
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|
Daily Balances of $100.00 and up |
4.91% |
5.00% |
$100.00 |
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Christmas Club
Accounts |
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|
With Automatic Transfer |
4.16% |
4.25% |
$5.00 |
|
Without Automatic Transfer |
3.92% |
4.00% |
$5.00 |
|
Christmas Club
Accounts mature October 31, 2010. Contributions are limited
to $50.00 per week or $200.00 per month. No lump sum
deposits allowed. |
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Transaction
Accounts |
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|
NOW Accounts |
0.10% |
0.10% |
|
|
A minimum
average balance of $1,000.00 is required for payment of
interest on NOW Accounts. |
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Annual
percentage yields are accurate as of July 16, 2010 and
are subject to change. Penalties for early withdrawal from
time deposit accounts may apply, and fees based on
transactions and/or minimum balances could reduce earnings. |
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