Northwestern Bank Deposit Rate Sheet
Interest Rates & Annual Percentages
Effective: 11/03/2008
Checking & Savings Accounts
| Checking / Savings Account* | Interest Rate |
Annual Percentage Yield |
| Premier Checking (interest-bearing) $500 Minimum Daily Balance |
0.10% |
0.10% |
| Health Savings Account (HSA) |
1.00% |
1.00% |
| First Choice Savings (passbook) |
0.10% |
0.10% |
Premier Savings
Minimum Daily Balance less than $5000
Minimum Daily Balance $5000 - $9,999.99
Minimum Daily Balance over $10,000
|
0.10%
0.15%
0.25%
|
0.10%
0.15%
0.25%
|
Money Market Gold
Minimum Daily Balance less than $10,000
Minimum Daily Balance $10,000 - $24,999.99
Minimum Daily Balance $25,000 - $49,999.99
Minimum Daily Balance $50,000 - $99,999.99
Minimum Daily Balance over $100,000
|
0.10%
0.15%
0.25%
0.40%
1.00%
|
0.10%
0.15%
0.25%
0.40%
1.00%
|
Interest On Accounts
You must maintain the listed daily minimum balances each day of the statement cycle to obtain the disclosed annual percentage yield. Interest rates are paid on the entire balance each day at the interest rate in effect for that balance tier. We use the daily balance method to calculate interest payments on your account. This method applies a daily periodic rate to the principal balance in your account each day. Non-cash items (e.g. checks) you deposit into your account begin to earn interest on the business day we receive credit. Your interest rate and annual percentage yield may change. Fees could reduce your earnings. At our discretion, we may change the interest rate on your account at any time. For current annual percentage yield information, call us at (712) 737-4911 in Orange City or (712) 324-5141 in Sheldon. For information on account fees, see the current Fee and Information Schedule. Member FDIC.
*Interest is compounded daily and paid monthly.
Certificates of Deposit
| Terms | Interest Rate |
Annual Percentage Yield |
Minimum Balance |
| 91 Day | 1.34% | 1.35% | $1,000 |
| 182 Day | 1.40% | 1.40% | $1,000 |
| 8 Month | 2.49% | 2.50% | $1,000 |
| 10 Month | 3.04% | 3.05% | $1,000 |
| 12 Month | 2.58% | 2.60% | $1,000 |
| 14 Month | 2.63% | 2.65% | $1,000 |
| 18 Month | 2.69% | 2.70% | $1,000 |
| 24 Month | 3.22% | 3.25% | $1,000 |
| 30 Month | 2.19% | 2.20% | $1,000 |
| 36 Month | 2.24% | 2.25% | $1,000 |
| 48 Month | 3.52% | 3.55% | $1,000 |
| 60 Month | 2.34% | 2.35% | $1,000 |
Individual Retirement Accounts
| Interest Rate |
Annual Percentage Yield |
|
| Variable Rate $25 Minimum Deposit / 18-Month Term |
2.53% | 2.55% |
| Fixed Rate See certificates of deposit shown above. Same terms, minimum balances and annual percentage yields will apply. |
||
Interest On Accounts
Interest begins to accrue on the business day you deposit non-cash items (e.g. checks). You must maintain the minimum balance designated for each term in the account each day to obtain the disclosed annual percentage yield. Simple interest is compounded and credited semi-annually for terms of one year or longer. For terms of less than one year, simple interest is compounded and paid at maturity. The interest rate will be paid until the maturity date of your fixed rate certificate. The annual percentage yield assumes that interest will remain on deposit until maturity. An early withdrawal penalty will or may be imposed. Penalties or any fees may reduce earnings on the account. For current annual percentage information, contact us at (712) 737-4911 in Orange City or (712) 324-5141 in Sheldon. For information on account fees, see the current Fee and Information Schedule. Member FDIC.
The interest rate and annual percentage yield for Variable Rate IRAs may change at the discretion of the bank at the end of every calendar quarter.