Rates effective November 18, 2008 through November 24, 2008
Consumer Interest Rates
Account Type
Interest Rate
APY *
Min balance to open and obtain APY *
Early Withdrawal Penalty
Certificates of Deposit
3 Months
1.94%
1.95%
$2,500
30 Days
6 Months
2.23%
2.25%
$2,500
30 Days
12 Months
2.48%
2.50%
$1,000
180 Days
24 Months
2.97%
3.00%
$1,000
180 Days
36 Months
3.16%
3.20%
$1,000
180 Days
48 Months
3.31%
3.35%
$1,000
180 Days
60 Months
3.55%
3.60%
$1,000
180 Days
NOW Account & Saratoga Club
0.25%
0.25%
$1,000.00
Investment Checking
Tier I $1,000 - 9,999
0.25%
0.25%
Tier II $10,000 and above
1.00%
1.00%
Health Savings Account (HSA)
Tier I $1,000 - $9,999
1.99%
2.00%
$1,000.00
Tier II $10,000 and above
3.93%
4.00%
Money Market Account
Tier I $1,500 - 9,999
0.75%
0.75%
Tier II $10,000 - 49,999
1.24%
1.25%
Tier III $50,000 - 99,999
1.49%
1.50%
Tier IV $100,000 and over
1.99%
2.00%
T-Bill Money Market Account
$25,000 and above
0.15
0.15
$25,000.00
Savings Account
Passbook and Statement
0.25%
0.25%
$200.00
NorthSide's Community Club
0.75
0.75%
$5,000.00
Promotional
Accumulator IRA
1.99%
2.00%
$50.00
Promotional CD
6-9 MONTHS
3.36%
3.40%
$5,000.00
12-15 MONTHS
3.94%
4.00%
$5,000.00
* 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.
WARNING
Unauthorized access and use of this system is not permitted and is strictly prohibited by security policies, regulations, state and federal laws.
UNAUTHORIZED USERS ARE SUBJECT TO CRIMINAL AND CIVIL PENALTIES AS WELL AS COMPANY-INITIATED DISCIPLINARY PROCEEDINGS.
