Interest Rates

Rates are effective as of December 4, 2009. Interest rates are subject to change at managements discretion, please inquire for more information. Complete Truth-in-Savings Disclosures are available upon request. Call 218-732-3366, toll free 888-560-3366, or e-mail us.



CERTIFICATES OF DEPOSIT

Minimum investment is $500.00.
* Early withdrawal penalties may apply. Withdrawals will reduce earnings.
Term Interest Rate Annual Percentage Yield (APY)
3 Month .75 % .75 %
6 Month 1.10 % 1.10 %
9 Month 1.25 % 1.26 %
12 Month 1.50 % 1.51 %
18 Month 1.75 % 1.76 %
24 Month 1.85 % 1.86 %
30 Month 2.00 % 2.02 %
36 Month 2.20 % 2.22 %
42 Month 2.30 % 2.32 %
48 Month 2.40 % 2.42 %
60 Month 2.50 % 2.52 %
18 Month Variable Rate IRA 2.15 % 2.17 %
30 Month Fixed Rate IRA 2.30 % 2.32 %


MONEY MARKET ACCOUNT

Interest rates are variable and subject to change at managements discretion. $10 fee if balance falls below $1000.00. Forfeiture may reduce earnings. Transaction limits apply.
Balance Range Interest Rate Annual Percentage Yield (APY)
Ave Balance less than $1000 .25 % .25 %
Ave Balance $1000-$9999.99 .50 % .50 %
Ave Balance $10,000-24,999.99 .75 % .75 %
Ave Balance $25,000-49,999.99 1.00 % 1.00 %
Ave Balance $50,000-99,999.99 1.25 % 1.26 %
Ave Balance > $100,000 1.25 % 1.26 %


HIGHER LEARNING FUND

Penalty for early withdrawal. Withdrawals will reduce earnings. Account matures in the year the child is expected to graduate from high school. Interest rate floor is 4.0%. Variable rate, changes quarterly.
Interest Rate Annual Percentage Yield (APY)
4.00 % 4.06 %