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Deposit Rates
August 21, 2008 -
August 27, 2008 |
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All depositors are insured
up to $100,000.00 ($250,000.00 for IRAs)
by the Federal Deposit Insurance Corporation. |
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Rates
may not be available outside of
Tazewell, Peoria, Woodford, Mason, Marshall, 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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Savings |
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Hometown Rewards |
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Amount |
Rate |
APY |
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Any Amount |
3.94% |
4.01% |
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*If monthly account activity requirements detailed in the Hometown Rewards
Checking Account Disclosure are not met, interest for that month is
computed at .20%. |
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Money Market |
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Amount |
Rate |
APY |
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$10,000 and up |
1.14% |
1.15% |
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$2,500 - $9,999 |
0.50% |
0.50% |
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$2,499 & below |
0.00% |
0.00% |
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Prime Money Market |
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Amount |
Rate |
APY |
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$25,000 and up |
2.40% |
2.43% |
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$15,000 to
$24,999 |
2.00% |
2.02% |
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$14,999 & below |
0.00% |
0.00% |
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Super Now |
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Amount |
Rate |
APY |
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$1,000 and up |
0.20% |
0.20% |
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$999 & below |
0.00 |
0.00 |
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Cash Management |
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Amount |
Rate |
APY |
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$50,000 and up |
2.02% |
2.04% |
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$15,000 to
$49,999 |
1.76% |
1.77% |
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$14,999 & below |
0.00% |
0.00% |
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Certificate
Specials - $10,000 Minimum Deposit |
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Under $100,000 |
$100,000 and Over |
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Term |
Rate |
APY |
Rate |
APY |
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22 Month |
3.39% |
3.44% |
3.45% |
3.51% |
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48 Month |
4.16% |
4.24% |
4.22% |
4.30% |
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Upon maturity, 22 Month CD will renew at the current 24 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 |
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Term |
Rate |
APY |
Rate |
APY |
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10 Years |
4.20% |
4.28% |
4.26% |
4.34% |
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5 Years |
3.45% |
3.51% |
3.51% |
3.57% |
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48 Months |
4.16% |
4.24% |
4.22% |
4.30% |
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36 Months |
2.94% |
2.98% |
3.00% |
3.04% |
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24 Months |
2.82% |
2.86% |
2.88% |
2.92% |
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18 Months |
2.71% |
2.74% |
2.77% |
2.81% |
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12 Months |
2.77% |
2.81% |
2.83% |
2.87% |
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9 Months |
2.17% |
2.19% |
2.23% |
2.25% |
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6 Months |
2.17% |
2.19% |
2.23% |
2.25% |
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3 Months |
2.17% |
2.19% |
2.23% |
2.25% |
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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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Premium Passbook
Savings |
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Amount |
Rate |
APY |
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$50,000 and up |
1.23% |
1.24% |
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$15,000 to
$49,999 |
0.73% |
0.73% |
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$100 to $14,999 |
0.43% |
0.43% |
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Below $100 |
0.00% |
0.00% |
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Individual
Retirement Account Special |
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Under $100,000 |
$100,000 and Over |
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Term |
Rate |
APY |
RATE |
APY |
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48 Month |
4.16% |
4.24% |
4.22% |
4.30% |
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IRA
Accounts - $1,000 Minimum |
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Under $100,000 |
$100,000 and Over |
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Term |
Rate |
APY |
RATE |
APY |
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10 Years |
4.20% |
4.28% |
4.26% |
4.34% |
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5 Years |
3.80% |
3.87% |
3.86% |
3.93% |
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48 Months |
4.16% |
4.24% |
4.22% |
4.30% |
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36 Months |
3.44% |
3.49% |
3.50% |
3.56% |
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24 Months |
2.82% |
2.86% |
2.88% |
2.92% |
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18 Months |
2.71% |
2.74% |
2.77% |
2.81% |
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12 Months |
2.77% |
2.81% |
2.83% |
2.87% |
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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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