Rates
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DEPOSIT RATES Checking & Savings Accounts RATES EFFECTIVE AS OF 4/14/2008 |
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Product
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Balance Tiers
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Interest Rate/APY*
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Key Checking
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All balances
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.50%/.50%
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Interest Checking
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All balances
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.40%/.40%
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SAVINGS ACCOUNTS
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Prime Access Savings Account
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$0 to $999.99
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0.00%/0.00%
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$1,000 to $24,999.99
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1.00%/1.00%
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$25,000 to $49,999.99
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1.75%/1.76%
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$50,000 to $99,999.99
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2.00%/2.02%
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$100,000+
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2.75%/2.78%
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Regular Savings Account
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$0 to $24.99
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0.25%/0.25%
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$25 to $249.99
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0.50%/0.50%
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$250 to $999.99
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0.75%/0.075%
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$1,000+
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1.00%/1.00%
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Money Market
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$0 to $999.99
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1.00%/1.01%
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$1,000 to $9,999.99
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1.10%/1.11%
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$10,000 to $24,999.99
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1.25%/1.26%
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$25,000 to $49,999.99
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1.75%/1.78%
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$50,000+
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2.25%/2.27%
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*Annual Percentage Yield
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Rates may change after account opening
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Fees may reduce earnings
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Check out our News & Specials page for valuable product specials & upcoming promotions Rates are effective as of 7/15/2008 |
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CERTIFICATES OF DEPOSIT RATES RATES EFFECTIVE AS OF 7/15/2008 |
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Term
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Interest Rate/APY*
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IRA Interest Rate/APY*
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91 Day
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2.30%/2.31%
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182 Day
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2.35%/2.36%
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12 Month
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2.75%/2.77%
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2.80%/2.83%
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18 Month
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2.85%/2.88%
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2.90%/2.93%
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30 Month
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3.00%/3.03%
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3.05%/3.08%
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42 Month
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3.25%/3.29%
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3.30%/3.32%
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60 Month
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3.50%/3.54%
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3.55%/3.60%
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$1,000 Minimum balance
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*Annual Percentage Yield
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Penalty for early withdrawal
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13 Month CD SPECIAL! (KEY or INTEREST CHECKING ACCOUNT REQUIRED) $5,000 Minimum to open. A Northwoods Bank Key or Interest Checking Account is required to earn the stated APY*. $5,000 to $24,999 = 2.82%/2.85% APY* $25,000 to $49,999 = 2.92%/2.05% APY* $50,000+ = 3.02%/3.05% APY* The rate offered is set at the point of inception and will not change during the term of the CD. |
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PINE CITY & RUSH CITY CD RATES Rates Effective as of 7/15/2008 |
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Term
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Interest Rate/APY*
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6 Month
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2.35%/2.36% APY*
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15 Month
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2.85%/2.88% APY*
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IRA - 2.90/2.92% APY*
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24 Month
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3.00%/3.03% APY*
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IRA - 3.05/3.08% APY*
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*Annual Percentage Yield
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Penalty for early withdrawal
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Rates are available at the Pine City and Rush City office locations. 13 Month CD SPECIAL! (KEY or INTEREST CHECKING ACCOUNT REQUIRED) $5,000 Minimum to open. A Northwoods Bank Checking Account is required to earn the stated APY*. $5,000 to $24,999 = 2.82%/2.85% APY* $25,000 to $49,999 = 2.92%/2.95% APY* $50,000+ = 3.02%/3.05% APY* The rate offered is set at the point of inception and will not change during the term of the CD. |
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