Products & Rates as of September 11, 2017
Interest Bearing Accounts
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| Totally Free Checking $100.00 Minimum to open and earn APY |
0.15% | 0.15% | ||||
| Super Saving offer thru 12/31/17 and apply to new funds only. |
1.09% | 1.10% | ||||
| 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 |
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|
$1,000-$50,000 |
1.50% | 1.51% | 2.00% | 2.02% | 2.25% | 2.28 |
| Without Automatic Transfer from NMB Deposit Account | ||||||
| $1,000-$50,000 | 1.25% | 1.26% | 1.75% | 1.77% | 2.00% | 2.02 |
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| Certificates of Deposit ($500.00 Minimun 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 offer thru 12/31/17 and apply to new funds only. |
1.59% | 1.60% with open checking account | ||||
| 15 Month Certificate | 1.48% | 1.50% | ||||
| 18 Month Certificate offer thru 12/31/17 and apply to new funds only. |
1.78% | 1.80% with open checking account | ||||
| 2 Year Certificate | 1.19% | 1.20% | ||||
| 3 Year Certificate | 1.29% | 1.30% | ||||
| 4 Year Certificate | 1.44% | 1.45% | ||||
| 5 Year Certificate | 1.74% | 1.75% | ||||
| Hybrid Certificated of Deposit ($30,000 Minimum to open) (Fixed Rate) | ||||||
| 12 Month Certificate with Checking | 1.35% | 1.35% | ||||
| 12 Month Certificate without Checking | 0.95% | 0.95% | ||||
Non-Interest Bearing Accounts
Millennium Checking
- $50 Minimum to open
- $100 Minimum daily balance to avoid monthly service charge of $12
- $10 Minimum to open
- Monthly Fee of $3.00
- $100 Minimum to open
- Monthly Fee of $10.00(Can be offset by earnings credit allowance)
- Per check fee ($0.17), per deposit fee ($0.17) and per deposited item fee ($0.17) Can be offset by earnings credit allowance
- $100 Minimum to open
- $500 Minimum daily balance to avoid monthly service charge of $20
- Per check fee (after first 50 per statement free) $0.17
- Per deposit fee (after first 25 per statement free) $0.17
- Per deposited item fee (after first 200 per statement free) $0.17
Interest is calculated using the daily balance method.
This method applies a dally periodic rate to the principal in the amount at the end of each day.
Interest will not 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.
