All branch locations will be closed Monday, May 27 in observance of Memorial Day.

Current Rates

Rates effective as of May 20, 2024

All depositors are insured up to $250,000.00 by the Federal Deposit Insurance Corporation.
Rates may be unavailable in counties where the Bank does not maintain a branch facility.

 

Platinum Money Market 

Rates effective as of May 20, 2024

Amount Interest        APY        
$100,000 and up 1.00% 1.00%
$25,000 to $99,999 0.78% 0.78%
$24,999 & below 0.44% 0.44%

Minimum Opening Deposit is $25,000. APY is Annual Percentage Yield.
Interest Rate is variable and may change after the account is opened. Fees may reduce earnings on account.

 

Interest Checking

Rates effective as of May 20, 2024

Amount                    Interest Rate APY
$15,000 and up 0.04% 0.04%
$5,000 to $14,999 0.04% 0.04%
$1,000 to $4,999 0.04% 0.04%
$999 & below 0.00% 0.00%

Minimum opening deposit is $50. APY is Annual Percentage Yield.
Interest Rate is variable and may change after the account is opened. Fees may reduce earnings.

 

Certificate Specials*

Rates effective as of May 20, 2024

Under $100,000

Term Interest Rate        APY        
14 Month 4.01% 4.08%
7 Month 4.01% 4.08%

 

$100,000 and Over

Term Interest Rate        APY        
14 Month 4.07% 4.15%
7 Month 4.07% 4.15%

$10,000 minimum deposit  on 7 month and 14 month special.
Upon maturity 7 month special will renew at current 6 month rate.
Upon maturity 14 month special will renew at current 12 month rate.
* Withdrawals of interest may reduce earnings.  A penalty may be imposed for early withdrawal. APY is Annual Percentage Yield.

 

Certificate of Deposit*

Rates effective as of May 20, 2024

Under $100,000

Term Interest Rate        APY        
10 Years 1.99% 2.01%
5 Years 2.06% 2.08%
48 Months 2.09% 2.11%
36 Months 2.13% 2.15%
24 Months 2.48% 2.51%
12 Months 2.77% 2.81%
6 Months 2.43% 2.46%
3 Months 2.02% 2.04%

 

$100,000 and Over

Term Interest Rate        APY        
10 Years 2.05% 2.07%
5 Years 2.12% 2.14%
48 Months 2.15% 2.17%
36 Months 2.19% 2.21%
24 Months 2.54% 2.57%
12 Months 2.83% 2.87%
6 Months 2.49% 2.52%
3 Months 2.08% 2.10%

Minimum Opening Deposit is $1,000. APY is Annual Percentage Yield.
* Withdrawals of interest may reduce earnings.  A penalty may be imposed for early withdrawal.  Specials cannot be combined with any other offers.  Interest begins to accrue on the business day you deposit non-cash items.

 

Classic Savings

Rates effective as of May 20, 2024

Amount              Interest Rate         APY        
Full Balance 0.05% 0.05%

Minimum Opening Deposit is $50. APY is Annual Percentage Yield. Fees may reduce earnings.
Interest Rate is variable and may change after the account is opened.  

 

Christmas Club

Rates effective as of May 20, 2024

Amount              Interest Rate         APY        
Full Balance 0.05% 0.05%

Minimum Opening Deposit is $1.00. APY is Annual Percentage Yield. Interest Rate is variable and may change after the account is opened. See us for specific details on Christmas Club Accounts. 

 

IRA Accounts

Rates effective as of May 20, 2024

Under $100,000

Term Interest Rate        APY        
10 Years 1.99% 2.01%
5 Years 2.06% 2.08%
48 Months 2.09% 2.11%
36 Months 2.13% 2.15%
24 Months 2.48% 2.51%
12 Months 2.77% 2.81%

 

$100,000 and Over

Term Interest Rate        APY        
10 Years 2.05% 2.07%
5 Years 2.12% 2.14%
48 Months 2.15% 2.17%
36 Months 2.19% 2.21%
24 Months 2.54% 2.57%
12 Months 2.83% 2.87%

Minimum Opening Deposit is $1,000. APY is Annual Percentage Yield. A penalty may be imposed for early withdrawal. 

 

Money Market IRA

Rates effective as of May 20, 2024

Amount              Interest Rate         APY        
Full Balance 0.10% 0.10%

Minimum opening deposit is $100. APY is Annual Percentage Yield. Interest Rate is variable and may change after the account is opened.

 

Health Savings Accounts

Rates effective as of May 20, 2024

Amount              Interest Rate         APY        
Full Balance 0.05% 0.05%

Interest Rate is variable and may change after the account is opened. Fees may reduce earnings. APY is Annual Percentage Yield.

Interest on all accounts, except certificates of deposit, IRA Specials and IRA certificates of deposits, begins to accrue no later than the business day the Bank receives credit for the deposit of non-cash items.

For purposes of determining applicable rates, deposit amounts are rounded down to the nearest dollar.  For example, a balance of $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.

Routing Number
071123204
Call Us
(888) 418-5585
Find a Branch or ATM
Morton Community Bank
Morton, IL
NMLS #422122
Member FDIC
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