Interest Rates

Effective Date:  June 3rd, 2010 

CERTIFICATE OF DEPOSIT ¹

Minimum Amount to obtain APY 2	Term	Current Rate	Annual Percentage Yield
$500.00	3 months	0.30	0.30
$1,000.00	6 months	0.50	0.50
$1,000.00	1 year	0.75	0.75
$1,000.00	2 year	1.49	1.50
$1,000.00	3 year	1.99	2.00
$1,000.00	5 year	2.58	2.60

 

1    Penalty for early withdrawal. 2    Interest rates may vary.

	Minimum Balance 3	Current Rate	Annual Percentage Yield
Statement Savings 4, 5	$50.00	0.15	0.15
Money Market Checking 4, 5	$2,500.00	0.30	0.30
NOW Checking 4, 5	$1,000.00	0.10	0.10

 

3    Minimum balance required. 4    Fees may reduce earnings. 5    Interest rates may vary.

IRA ACCOUNTS ⁶
   

	Minimum Balance 7	Current Rate	Annual Percentage Yield
2 Year Certificate	$1,000.00	1.49	1.50
5 Year Certificate	$1,000.00	2.58	2.60

 

6    Penalty for early withdrawal. 7    Interest rates may vary.

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FDIC Transaction Account Guarantee Program Grundy Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
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