FIRST NATIONAL BANK OF WEST UNION
MEMBER FDIC
SCHEDULE OF CD INTEREST
RATES FOR THE PERIOD OF SEPT 3 THROUGH SEPT 9, 2008
|
| |
Minimum Deposit |
Interest Rate |
APY |
3
|
2,500 |
2.74% |
2.76% Q |
|
|
25,000 |
2.92% |
2.94% Q |
|
|
50,000 |
2.98% |
3.01% Q |
 |
6
|
2,500 |
2.63% |
2.64% S |
|
|
25,000 |
2.82% |
2.83% S |
|
|
50,000 |
2.88% |
2.89% S |
|
12
|
2,500 |
2.48% |
2.49% S |
|
|
25,000 |
2.66% |
2.67% S |
|
|
50,000 |
2.72% |
2.73% S |
|
18
|
2,500 |
2.46% |
2.47% S |
(1 time repriceable,
1 time add-on $500 min)
|
25,000 |
2.64% |
2.65% S |
50,000 |
2.70% |
2.71% S |
|
36
|
2,500 |
2.70% |
2.72% S |
|
|
25,000 |
2.88% |
2.90% S |
|
|
50,000 |
2.95% |
2.97% S |
|
60
|
2,500 |
3.16% |
3.18% S |
|
|
25,000 |
3.34% |
3.36% S |
|
|
50,000 |
3.39% |
3.42% S |
|
Special
|
5,000 |
2.46% |
2.48%M |
7 months |
10,000 |
2.76% |
2.79%M |
(auto renewable to 6 months) |
25,000 |
2.94% |
2.97%M |
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Interest may be
compounded or deposited to an account.
Penalty for early withdrawal may result in forfeiture of part of the principal.
Penalties are equal to: 3 month certificate – 31 days interest; 6,7 & 12
month certificate – 91 days interest;
18, 36 & 60 month certificate – 182 days interest on the amount withdrawn. All certificates will renew automatically at maturity. You will have a 10 calendar day grace period after the maturity date to withdraw funds without penalty. |
| IRA ACCOUNTS – RATES
EFFECTIVE FOR MONTH OF SEPTEMBER 2008 |
| Type of Account |
Balance |
Interest Rate |
APY |
| 12 Month Fixed rate open deposit |
$25 - 24,999 .99 |
3.23% |
3.28% D |
| $25,000 - 49,999.99 |
3.40% |
3.45% D |
| $50,000 & Over |
3.46% |
3.51% D |
|
| 12 Month Variable rate open deposit* |
$25 - 24,999.99 |
3.23% |
3.28% D |
| $25,000-49,999.99 |
3.40% |
3.45% D |
| $50,000 & Over |
3.46% |
3.51% D |
|
60-Month Fixed Rate
|
$500-24,999.99 |
3.63% |
3.68% Q |
| $25,000-49,999.99 |
3.81% |
3.86% Q |
| $50,000 & over |
3.87% |
3.92% Q |
|
HSA Now Account*
|
$25 - 24,999.99 |
2.89% |
2.92% M |
| $25,000-49,999.99 |
3.06% |
3.10% M |
| $50,000 & Over |
3.12% |
3.16% M |
*Variable account
rates may change after account is opened. Interest rates
change first business day of month. We use the daily balance mehtod to calculate the interest; this method applies a daily periodic rate to the princpal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). |
| |
|
|
| OTHER INTEREST BEARING ACCOUNTS |
Account Type |
Interest Rate |
APY |
NOW* checking account (daily available
balance 1,500 & over) |
.55% |
.55% M |
Regular/ ATS* savings account |
.65% |
.65% M |
1st Rate Money Market* savings account |
|
|
$ 2,500.00 – 49,999.99 |
.85% |
.85% M |
50,000.00 – 99,999.99 |
1.39% |
1.40% M |
100,000.00 & over |
1.49% |
1.50% M |
|
|
|
| *Fees may reduce earnings. Rates may change
after the account is opened. |
“APY” refers to “Annual
Percentage Yield”
“D” refers to daily compounding
“M” refers to monthly compounding and crediting
“Q” refers to quarterly compounding and crediting
“S” refers to semi-annual compounding and crediting
|
CONTACT AN EMPLOYEE FOR FURTHER INFORMATION
ABOUT APPLICABLE FEES AND TERMS.
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