Bank of Oakfield Product Line
Current Deposit Rates
Certificates of Deposit
Minimum
to Open
Credit
Frequency
Penalty/Charges
Interest
Rate
APY*
3 Month CD
$500.00
Maturity
1 month interest
0.10%
0.10%
6 Month CD
$500.00
Quarterly
3 months interest
0.20%
0.20%
12 Month CD
$500.00
Quarterly
6 months interest
0.40%
0.40%
18 Month CD
$500.00
Quarterly
6 months interest
0.50%
0.50%
24 Month CD
$500.00
Quarterly
12 months interest
0.70%
0.70%
36 Month CD
$500.00
Quarterly
12 months interest
0.90%
0.90%
48 Month CD
$500.00
Quarterly
12 months interest
1.19%
1.20%
60 Month CD
$500.00
Quarterly
12 months interest
1.29%
1.30%
IRA Accounts
12 Month IRA
$10.00
Semi-Annually
6 months interest
0.60%
0.60%
18 Month IRA
$100.00
Semi-Annually
6 months interest
0.70%
0.70%
* APY = Annual Percentage Yield
The Interest Rate and Annual Percentage Yield displayed are accurate as of
April 21, 2014.

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.


Money Market Accounts
(EZ MM Savings, EZ Business Savings)
Minimum Daily Balance
Interest Rate
APY*
$0 - $499.99
0.00%
0.00%
$500 - $2,500
0.05%
0.05%
$2,500.01 - $20,000
0.10%
0.10%
$20,000.01 - $100,000
0.20%
0.20%
$100,000.01 and over
0.30%
0.30%
Minimum to open - $500
Interest Credited Quarterly
$10.00 penalty if balance < $500


Checking Accounts
(EZ Money Checking, EZ Business NOW)
Minimum Daily Balance
Interest Rate
APY*
$0 - $499.99
0.00%
0.00%
$500 - $2,500
0.02%
0.02%
$2,500.01 - $20,000
0.07%
0.07%
$20,000.01 - $100,000
0.10%
0.10%
$100,000.01 and over
0.15%
0.15%
Minimum to open - $500
Interest Credited Monthly
$10.00 penalty if balance < $500


(EZ Checking)
Minimum to open
Credit Frequency
Penalty/Charges
$50.00
None
$5.00 if balance < $200


Savings Accounts
Account
Minimum
to open
Credit Frequency
Penalty/Charges
Interest Rate
APY*
EZ Savings/EZ Business Savings
$100.00
Quarterly
$5.00 if balance
< $100
0.05%
0.05%
Christmas Club
$5.00
Annually
Accrued interest
0.25%
0.25%
Super Savers Club
$10.00
Quarterly
0.30%
0.30%


NOTICE OF EXPRIATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance coverage category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.


Member FDIC

Bank of Oakfield

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