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Rates

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Certificates of Deposit


Term Minimum Required Minimum Balance to Obtain APY Interest
Rate		 APY*
7 - 31 Day $500 $500 0.45% 0.45%
91 Day $500 $500 0.45% 0.45%
6 Month $500 $500 0.45% 0.45%
9 Month $500 $500 0.60% 0.60%
1 Year $500 $500 1.00% 1.00%
1 1/2 Year $500 $500 1.05% 1.05%
2 Year $500 $500 1.10% 1.10%
2 1/2 Year $500 $500 1.15% 1.16%
3 Year $500 $500 1.25% 1.26%
4 Year $500 $500 1.35% 1.36%
5 Year $500 $500 1.60% 1.61%
* Annual Percentage Yield
** Penalty for early withdrawal and/or restrictions may apply. Rates are subject to change without notice. Fees could reduce earnings. 
Rates Effective as of April 24,  2019

Interest Bearing Checking


Account Type Minimum Required Minimum Balance to Obtain APY Interest
Rate		 APY*
Super Now $1,000 $1,000 0.10% 0.10%
Now $500 $500 0.05% 0.05%
HSA $500 $500 1.00% 1.00%
* Annual Percentage Yield
 ** Penalty for early withdrawal and/or restrictions may apply. Rates are subject to change without notice. Fees could reduce earnings.
Rates Effective as of April 24, 2019

Passbook Savings


Account Type Minimum Required Minimum Balance to Obtain APY Interest
Rate		 APY*
Passbook/Statement Savings $50.00 N/A .12% .12%
Golden Passbook $1,000.00 $1,000.00 1.00% 1.00%
* Annual Percentage Yield
 ** Penalty for early withdrawal and/or restrictions may apply. Rates are subject to change without notice. Fees could reduce earnings.
Rates Effective as of April 24,  2019

Safe Money Market Tiered Rates


Amount Minimum Balance to Obtain APY Interest
Rate		 APY*
$1,000 - 9,999 $1,000 0.10% 0.10%
$10,000 - 24,999 $10,000 0.15% 0.15%
$25,000 - 49,999 $25,000 0.15% 0.15%
$50,000 - 99,999 $50,000 0.20% 0.20%
$100,000 + $100,000 0.25% 0.25%
* Annual Percentage Yield
Rates are subject to change without notice. Fees could reduce earnings.
Rates Effective as of April 24,  2019 
 

Individual Retirement Accounts


Account Type Minimum Balance to Obtain APY Length Interest
Rate		 APY*
Fixed Rate IRA $500 1 & 2 Years 1.35% 1.35%
Variable Rate IRA $500 1 Year 1.35% 1.35%
* Annual Percentage Yield
** Penalty for early withdrawal and/or restrictions may apply. Rates are subject to change without notice. Fees could reduce earnings.
Rates Effective as of April 24, 2019

Fixed Rate Mortgages


Mortgage Term APR


15 Year Fixed 3.750%


20 Year Fixed
4.000%


30 Year Fixed 4.250%



The rates in this table are indicative only. Your rate is subject to market fluctuations until it is locked. Rates are subject to change without notice.
Rates Effective as of April 18, 2019.

Based on a $100,000.00 mortgage the average closing costs are $1,000 - $1,500.

Term of repayment ex: A $100,000 mortgage loan @3.625% APR for 15 years would have payments of $721.04. A $100,000 mortgage loan @4.500% APR for 20 years would have payments of $632.65. A $100,000 mortgage loan @4.625% APR for 30 years would have payments of $514.14. Payments for loans secured by first lien do not include taxes and insurance, and the actual payments may be higher.

Fixed rates are available Monday thru Friday from 9:00 am to 3:00 pm CST, except for certain federal and bond market holidays. For all other loan rates and closing cost estimates, please contact the Bank of Brodhead and a loan officer will assist you.

See why your APR may be different

Advertised APR (annual percentage rate) assumes excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, and age of vehicle. These factors will be reflected in your individual APR quote if you are approved for a loan. 

The APR shown on the chart below is based on a 4-year, fixed-rate auto loan for $15,000.00 (including origination and financing fees). Based on a simple interest rate of 4.74% this loan would have 48 monthly payments of $343.71 each and an (APR) of 4.92%. “Auto” includes cars, trucks, vans and SUVs. Recreational property rates are 2.0% higher than published auto rates.
Loan Amount Rate APR Term Monthly Payment
$15,000.00 4.74% 4.92% 48 Months $343.71