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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Bank of Oakfield E-Z Product Line
Current Deposit Rates
|
|
E-Z Account
Type
|
Minimum
to Open
|
Credit
Frequency
|
Penalty/Charges
|
Interest
Rate
|
APY*
|
|
3 Month CD
|
$500.00
|
Maturity
|
1 month interest
|
0.30%
|
0.30%
|
|
6 Month CD
|
$500.00
|
Quarterly
|
3 months interest
|
0.45%
|
0.45%
|
|
12 Month CD
|
$500.00
|
Quarterly
|
6 months interest
|
0.70%
|
0.70%
|
|
18 Month CD
|
$500.00
|
Quarterly
|
6 months interest
|
0.85%
|
0.85%
|
|
24 Month CD
|
$500.00
|
Quarterly
|
12 months interest
|
1.04%
|
1.05%
|
|
36 Month CD
|
$500.00
|
Quarterly
|
12 months interest
|
1.44%
|
1.45%
|
|
48 Month CD
|
$500.00
|
Quarterly
|
12 months interest
|
1.64%
|
1.65%
|
|
60 Month CD
|
$500.00
|
Quarterly
|
12 months interest
|
1.73%
|
1.75%
|
|
12 Month IRA
|
$10.00
|
Semi-Annually
|
6 months interest
|
0.80%
|
0.80%
|
|
18 Month IRA
|
$100.00
|
Semi-Annually
|
6 months interest
|
0.95%
|
0.95%
|
|
E-Z MM
|
$500.00
|
Monthly
|
$10.00 if balance
|
< $500.00
|
|
|
Savings/
|
Min Daily Bal
|
$0.00 -
|
$499.99
|
0.00%
|
0.00%
|
|
E-Z Business MM Savings
|
Min Daily Bal
|
$500.00 -
|
$2,500.00
|
0.20%
|
0.20%
|
|
|
Min Daily Bal
|
$2,500.01 -
|
$20,000.00
|
0.30%
|
0.30%
|
|
|
Min Daily Bal
|
$20,000.01 -
|
$100,000.00
|
0.40%
|
0.40%
|
|
|
Min Daily Bal
|
$100,000.01
|
and over
|
0.50%
|
0.50%
|
|
E-Z Money
|
$500.00
|
Monthly
|
$10.00 if balance
|
< $500.00
|
|
|
Checking/
|
Min Daily Bal
|
$0.00 -
|
$499.99
|
0.00%
|
0.00%
|
|
E-Z Business NOW
|
Min Daily Bal
|
$500.00 -
|
$2,500.00
|
0.10%
|
0.10%
|
|
|
Min Daily Bal
|
$2,500.01 -
|
$20,000.00
|
0.15%
|
0.15%
|
|
|
Min Daily Bal
|
$20,000.01 -
|
$100,000.00
|
0.20%
|
0.20%
|
|
|
Min Daily Bal
|
$100,000.01
|
and over
|
0.25%
|
0.25%
|
|
E-Z Savings/E-Z Business Savings
|
$100.00
|
Quarterly
|
$5.00 if bal <$100
|
0.15%
|
0.15%
|
|
E-Z Checking
|
$50.00
|
None
|
$5.00 if bal < $200
|
|
|
|
Christmas Club Account
|
$5.00
|
Annually
|
accrued interest
|
0.25%
|
0.25%
|
|
Super Savers Club Account
|
$10.00
|
Quarterly
|
|
0.40%
|
0.40%
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* APY = Annual Percentage Yield
The Interest Rate and Annual Percentage Yield displayed are accurate as of
January 30, 2012.
The Annual Percentage Yields shown above assume that all principal and interest remain on deposit for the entire term. Additional account disclosure information is provided in the supplement to account rules.
CD Accounts: A penalty may be imposed for early withdrawal. Minimum balance required to receive monthly interest check is $10,000.00
E-Z Named Accounts, Christmas Club and Super Savers Club: The rate may change after the account is opened; fees may reduce earnings on the account.
"We Have A Way With Money"
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