Rates

Rates effective November 18, 2014 through November 24, 2014

Consumer Interest Rates                                                Calculators

Account Type

Interest Rate

APY *

Mininum balance to open
and obtain APY * 

Early Withdrawal Penalty

Certificates of Deposit    
3 Months 0.05% 0.05% $2,500 30 Days
6 Months 0.08% 0.08% $2,500 30 Days
12 Months 0.12% 0.12% $1,000 180 Days
24 Months 0.22% 0.22% $1,000 180 Days 
36 Months 0.25% 0.25% $1,000 180 Days 
         
         
         
NOW Account & Saratoga Club 0.02%  0.02%  $1,000.00   
         
Investment Checking     
Tier I $1,000 - 9,999 0.02%  0.02%     
Tier II $10,000 and above 0.05%  0.05%     
         
Health Savings Account (HSA)    
Tier I $1,000 - 9,999 0.02% 0.02%  $1,000.00  
Tier II $10,000 and above 0.05% 0.05%     
         
Money Market Account    
Tier I $1,500 - 9,999 0.02%  0.02%     
Tier II $10,000 - 49,999 0.05%  0.05%     
Tier III $50,000 - 99,999 0.10%  0.10%     
Tier IV $100,000 and over 0.15%  0.15%     
         
Savings Account    
Passbook and Statement 0.02% 0.02% $200.00  
 
NorthSide's Community Club 0.05% 0.05% $5,000.00  
         
Accumulator IRA 0.10% 0.10% $50.00  
         
         
         
 
         
 
         
         
* Annual Percentage Yields

 

NorthSide Community Bank uses the daily balance method to calculate interest on the above accounts. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest.

Interest on Certificates of Deposit, Variable Rate Certificates of Deposit, IRAs and Variable IRAs is compounded and credited quarterly. Interest on Accumulator IRAs is compounded and credited monthly. If you choose to have interest paid to you or to another account, the earnings will be lower. A penalty may be imposed for early withdrawal on fixed or variable Certificates of Deposit and fixed or variable IRAs. Early withdrawal penalties do not apply on IRAs for those customers over 70 ½ years of age taking mandatory distributions. The APY assumes that interest remains on deposit until maturity and that a withdrawal reduces the earnings on the account. You may not make deposits into your fixed rate Certificates of Deposit or fixed rate IRAs until the maturity date. Otherwise, interest rates, APYs, and terms are the same as the CDs listed above.

Interest Rates and APYs on Savings, Accumulator IRAs, NOW and Money Market accounts are variable and subject to change daily at management's discretion with no limit on the amount of increase or decrease. The APY for Community Club balances of $200.00 but less than $5,000.00 is equal to the regular savings account rate. Interest Rates and APYs on the T-Bill Money Market are variable and subject to change weekly with no limit on the amount of the increase or decrease. The APY for balances of $1500.00 but less than $24,999.99 is equal to Tier I of the Money Market account. On balances of $25,000.00 or more, the APY is equal to 100% of the 13-week Treasury Bill as found in the Money Rates section of the Tuesday edition of The Wall Street Journal. Fees may reduce earnings. A $25 service fee will be charged for promotional savings accounts closed within 6 months. A $25 service fee will be charged for Accumulator IRA external transfers out within 12 months.

See our "Account Agreement and Disclosure" and "Banking Services and Fee Schedule" for specific terms and fees that relate to the products shown above. 

Gurnee (847) 244-5100Riverwoods (847) 279-1155Mundelein (847) 837-8883Niles (847) 692-7500

Harp 2.0 

Expense Tracking Comes to NorthSide

Tiny Model Home

Click on the house for more information

 Community Puzzle

You now can track your expenses with new features added to our internet banking product.  Check out the new features for yourself or contact a banker for more information.

 

 


Click Here to learn about the expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts.