Products & Rates as of July 1, 2023
Interest Bearing Accounts
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| Super Savings (tiered and variable rate) | ||||||
| $10,000.00 Minimum to open and minimum $100 average daily balance requirement to avoid monthly Minimum Balance Fee of $3.00 | ||||||
| $10,000.00 – $99,999.99 | 1.98% | 2.00% | ||||
| $100,000.00 – $250,000.00 | 2.23% | 2.25% | ||||
| $250,000.01 – $500,000.00 | 2.47% | 2.50% | ||||
| $500,000.01 and over | 2.72% | 2.75% | ||||
| New Millennium Silver Account (variable rate) No minimum required to open and to obtain APY (Must at least 55 years old) |
0.15% | 0.15% | ||||
| Money Market Account (Tiered and Variable Rate) $1000.00 Minimum to open and earn APY and if daily balance falls below $1,000 at any time during the statement cycle a $20.00 minimum balance fee will apply |
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| $1,000.00 – $99,999.99 | 1.73% | 1.75% | ||||
| $100,000.00 – $250,000.00 | 1.98% | 2.00% | ||||
| $250,000.01 – $500,000.00 | 2.23% | 2.25% | ||||
| $500,000.01 and over | 2.47% | 2.50% | ||||
| Business Interest Checking (variable rate) (For Sole Proprietorship and Not-For-Profit accounts only) $500.00 Minimum to open and earn APY disclosed If daily balance falls below $5,000 at any time during the statement cycle a 20.00 minimum balance fee will apply. |
0.15% | 0.15% | ||||
| Neighborhood Savings Minimum to obtain APY is .01 (variable rate) $50 Minimum to open and minimum $100 average daily balance requirement to avoid monthly Minimum Balance Fee of $3.00 |
0.20% | 0.20% | ||||
| Millennium Club Account Minimum to open and obtain APY is $1,000 contract amount (Fixed Rate) |
Interest Rate interest rate | APY* (Annual Percentage Yield) | ||||
| 1 Year Term | 3.44% | 3.50% | ||||
| 2 Years Term | 1.98% | 2.00% | ||||
| 3 Years Term | 1.98% | 2.00% | ||||
| Certificates of Deposit ($500.00 Minimum to open and obtain APY) (Fixed Rate) | ||||||
| Interest Rate | APY* (Annual Percentage Yield) | |||||
| 90 Day Certificate | 0.20% | 0.20% | ||||
| 6 Month Certificate | 0.30% | 0.30% | ||||
| 9 Month Certificate | 4.87% | 5.00% | ||||
| 12 Month Certificate | 4.64% | 4.75% | ||||
| 18 Month Certificate | 3.93% | 4.00% | ||||
| 2 Year Certificate | 3.93% | 4.00% | ||||
| 3 Year Certificate | 2.47% | 2.50% | ||||
| 4 Year Certificate | 1.98% | 2.00% | ||||
| 5 Year Certificate | 1.98% | 2.00% | ||||
| Hybrid Certificate of Deposit ($30,000 Minimum to open And obtain APY is $30,000) (Fixed and Simple Rate) | ||||||
| 12 Month Certificate with Checking | 0.40% | 0.40% | ||||
| 12 Month Certificate without Checking | 0.40% | 0.40% | ||||
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. For Variable Rate Accounts 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,and rates may change after account opening. 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. For Certificate of Deposits and Millennium Club Accounts, a penalty will be applied for early withdrawals. New Millennium Bank reserves the right to convert your account to another type of account or close your account if limitations are frequently exceeded.