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Certificates of Deposit
| Term | Minimum Required | Minimum Balance to Obtain APY | Interest Rate | APY* |
|---|---|---|---|---|
| 7 - 31 Day | $500 | $500 | 0.20% | 0.20% |
| 91 Day | $500 | $500 | 0.20% | 0.20% |
| 6 Month | $500 | $500 | 0.20% | 0.20% |
| 9 Month | $500 | $500 | 0.35% | 0.35% |
| 1 Year | $500 | $500 | 0.50% | 0.50% |
| 1 1/2 Year | $500 | $500 | 0.55% | 0.55% |
| 2 Year | $500 | $500 | 0.60% | 0.60% |
| 2 1/2 Year | $500 | $500 | 0.65% | 0.65% |
| 3 Year | $500 | $500 | 0.75% | 0.75% |
| 4 Year | $500 | $500 | 0.85% | 0.85% |
| 5 Year | $500 | $500 | 1.10% | 1.10% |
| * 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 June 14, 2017 | ||||
Interest Bearing Checking
| Term | 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% |
| * 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 June 14, 2017 | ||||
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 | .30% | .30% | |
| * 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 June 14, 2017 | |||||
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 June 14, 2017 | ||||
Individual Retirement Accounts
| Amount Type | Minimum Balance to Obtain APY | Length | Interest Rate | APY* |
|---|---|---|---|---|
| Fixed Rate IRA | $500 | 1 & 2 Years | 1.10% | 1.10% |
| Variable Rate IRA | $500 | 1 Year | 1.10% | 1.10% |
| * 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 June 14, 2017 | ||||
Fixed Rate Mortgages
| Mortgage Term | APR | |||
|---|---|---|---|---|
| 15 Year Fixed | 3.250% | |||
| 20 Year Fixed | 3.625% | |||
| 30 Year Fixed | 3.875% | |||
| 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 June 21, 2017 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 do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. 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. | ||||