Products & Rates as of September 15, 2018
Interest Bearing Accounts
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| Super Savings (tiered and variable rate) |
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| $10,000.00 Minimum to open and minimum $100 balance requirement to avoid monthly Minimum Balance Fee of $3.00 | ||||||
| $0.01 -$9,999.99 | 0.25% | 0.25% | ||||
| $10,000 and over | 1.73% | 1.75% | ||||
| New Millennium Silver Account (Must at least 55 years old) |
0.15% | 0.15% | ||||
| Money Market Account (Tiered Rate) $1000.00 Minimum to open and earn APY |
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| $1,000 - $9,999.99 | 0.15% | 0.15% | ||||
| $10,000 - $49,999.99 | 0.25% | 0.25% | ||||
| $50,000 - $99,999.99 | 0.30% | 0.30% | ||||
| $100,000 - $249,999.99 | 0.40% | 0.40% | ||||
| $250,000 - $499,999.99 | 0.50% | 0.50% | ||||
| $500,000 and over | 0.75% | 0.75% | ||||
| Business Interest Checking (For Sole Proprietorship and Not-For-Profit accounts only) $500.00 Minimum to open and earn APY |
0.15% | 0.15% | ||||
| Neighborhood Savings $50 Minimum to open |
0.25% | 0.25% | ||||
|
Millennium Club Account (Fixed Rate) |
1 year term interest rate |
APY | 2 year term interest rate | APY | 3 year term interest rate | APY |
| With Automatic Transfer from NMB Deposit Account | ||||||
| $1,000-$50,000 | 2.03% | 2.05% | 2.37% | 2.40% | 2.62% | 2.65% |
| Without Automatic Transfer from NMB Deposit Account | ||||||
| $1,000-$50,000 | 1.78% | 1.80% | 2.13% | 2.15% | 2.37% | 2.40% |
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| Certificates of Deposit ($500.00 Minimum to open) (Fixed Rate) | ||||||
| 90 Day Certificate | 0.25% | 0.25% | ||||
| 6 Month Certificate | 0.75% | 0.75% | ||||
| 9 Month Certificate | 1.14% | 1.15% | ||||
| 12 Month Certificate | 1.78% | 1.80% | ||||
| 15 Month Certificate | 1.49% | 1.50% | ||||
| 18 Month Certificate | 1.88% | 1.90% | ||||
| 2 Year Certificate | 1.98% | 2.00% | ||||
| 3 Year Certificate | 2.23% | 2.25% | ||||
| 4 Year Certificate | 2.47% | 2.50% | ||||
| 5 Year Certificate | 2.71% | 2.75% | ||||
| *There are special rates for 12 month & 18 month CD deposits of $10,000.00 or more with new money | ||||||
| Promotional CD | ||||||
| 12 Month Certificate | 2.37% | 2.40% | ||||
| 15 Month Certificate | 2.47% | 2.50% | ||||
| 18 Month Certificate | 2.71% | 2.75% | ||||
| Hybrid Certificated of Deposit ($30,000 Minimum to open) (Fixed and Simple Rate) | ||||||
| 12 Month Certificate with Checking | 2.00% | 2.00% | ||||
| 12 Month Certificate without Checking | 1.75% | 1.75% | ||||
Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal in the amount at the end of each day. For Hybrid CD products, interest will not be compounded and accrued interest will be credited to your account per Product Disclosure. For other interest bearing deposit products, interest will be compounded and accrued interest will be credited to your account per Product Disclosure. At our discretion, we may change the interest rate and annual percentage yield (APY) for your account at any time (Excludes CD and Millennium Club Account). There is no limit to the amount of the change. Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account. Fees may reduce the earnings on the account. The penalty may be applied for early withdrawal for the CD accounts.
