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| Deposit Rates |
| 7/29/2010 - 8/4/2010 |
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Rates may not be available outside of Tazewell, Peoria, Woodford, Mason, Marshall, McDonough, Fulton and McLean Counties in Illinois. Please contact us for a copy of our Schedule of Services for additional policies and services related to deposit accounts. Rates subject to change without notice. "APY" is Annual Percentage Yield |
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Checking |
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Rate and APY are shown in percent |
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Any Amount |
1.99 | 2.01 |
| *If monthly account activity requirements detailed in the Hometown Rewards Checking Account Disclosure are not met, interest for that month is computed at .20 . | ||
| Amount | Rate | APY |
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$10,000 & up |
0.62 | 0.62 |
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$2,500 - $9,999 |
0.38 | 0.38 |
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$2,499 & below |
0.00 | 0.00 |
| Amount | Rate | APY |
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$25,000 & up |
1.56 | 1.57 |
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$15,000 - $24,999 |
1.30 | 1.31 |
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$14,999 & below |
0.00 | 0.00 |
| Amount | Rate | APY |
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Any Amount |
0.00 | 0.00 |
| Amount | Rate | APY |
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$1,000 and up |
0.15 | 0.15 |
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$999 & below |
0.00 | 0.00 |
| Amount | Rate | APY |
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$50,000 and up |
1.01 | 1.02 |
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$15,000 to $49,999 |
0.75 | 0.75 |
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$14,999 & below |
0.00 | 0.00 |
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Savings |
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| M=Months | Y=Years |
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Rate and APY are shown in percent |
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Certificate Specials - $10,000 Minimum Deposit |
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| Under $100,000 | $100,000 and Over | |||
| Term | Rate | APY | Rate | APY |
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9 M |
1.10 |
1.11 | 1.16 | 1.17 |
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17 M |
1.50 | 1.51 | 1.56 | 1.57 |
| Upon maturity, 9 Month CD with renew at the current 9 month rate and term. Upon maturity, 17 Month CD with renew at the current 18 month rate and term. | ||||
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Certificates of Deposit - $1,000 Minimum |
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| Under $100,000 | $100,000 and Over | |||
| Term | Rate | APY | Rate | APY |
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10 Y |
3.64 | 3.70 | 3.70 | 3.76 |
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5 Y |
2.87 | 2.91 | 2.93 | 2.97 |
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48 M |
2.41 | 2.44 | 2.47 | 2.50 |
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36 M |
1.92 |
1.94 | 1.98 | 2.00 |
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24 M |
1.57 | 1.58 | 1.63 | 1.64 |
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18 M |
1.21 | 1.22 | 1.27 | 1.28 |
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12 M |
1.02 | 1.02 | 1.08 | 1.09 |
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9 Mo |
1.10 | 1.11 | 1.16 | 1.17 |
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6 Mo |
0.86 | 0.86 | 0.92 | 0.92 |
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3 Mo |
0.55 | 0.55 | 0.61 | 0.61 |
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Certificate of Deposit interest begins to accrue on the business day you deposit non-cash items and will be computed daily and credited to your account on the anniversary date. For example, interest will add to the principal on September 4 if the certificate was purchased August 5. Interest posted to the certificate is available for withdrawal prior to maturity. Certificates of Deposit subject to penalty for early withdrawal. |
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| Amount | Rate | APY |
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$100 & up |
0.35 | 0.35 |
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Below $100 |
0.00 | 0.00 |
| Amount | Rate | APY |
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$50,000 & up |
0.71 | 0.71 |
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$15,000 - $49,999 |
0.44 | 0.44 |
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$100 - $14,999 |
0.35 | 0.35 |
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Below $100 |
0.00 | 0.00 |
| Amount | Rate | APY |
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Full Balance |
0.35 | 0.35 |
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Individual Retirement Account Special |
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| Under $100,000 | $100,000 and Over | |||
| Term | Rate | APY | RATE | APY |
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5 Y |
2.87 | 2.91 | 2.93 | 2.97 |
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IRA Accounts - $1,000 Minimum |
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| Under $100,000 | $100,000 and Over | |||
| Term | Rate | APY | RATE | APY |
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10 Y |
3.64 | 3.70 | 3.70 | 3.76 |
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5 Y |
2.87 | 2.91 | 2.93 | 2.97 |
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48 M |
2.41 | 2.44 | 2.47 | 2.50 |
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36 M |
1.92 | 1.94 | 1.98 | 2.00 |
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24 M |
1.57 | 1.58 | 1.63 | 1.64 |
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18 M |
1.21 | 1.22 | 1.27 | 1.28 |
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12 M |
1.02 | 1.02 | 1.08 | 1.09 |
| Amount | Rate | APY |
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All Balances |
0.62 | 0.62 |
| Amount | Rate | APY |
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Full Balances |
1.98 | 2.00 |
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For purposes of determining applicable rates, deposit amounts are rounded down to the nearest dollar. For example, a balance $14,999.90 would qualify for rates payable on deposits up to $14,999, not for rates payable on deposits of $15,000 or over. Morton Community Bank uses the monthly average collected balance to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Savings account interest will be accrued daily and credited to your account monthly. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items. Annual Percentage Yield (APY) calculations are for a one year period (365 days) and compounded on a monthly basis. See us for specific details on Christmas Club Accounts. Specials cannot be combined with other offers. Account fees may reduce earnings. Withdrawals of interest will reduce earnings. Money Market and Savings rates are based on local market conditions and subject to change weekly. |
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