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IMPORTANT INFORMATION Regarding FDIC Deposit Insurance Coverage
Bank of Oakfield is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through JUNE 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
Bank of Oakfield E-Z Product Line
Current Deposit Rates
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E-Z Account
Type
|
Minimum
to Open
|
Credit
Frequency
|
Penalty/Charges
|
Interest
Rate
|
APY*
|
|
3 Month CD
|
$500.00
|
Maturity
|
1 month interest
|
1.14%
|
1.15%
|
|
6 Month CD
|
$500.00
|
Quarterly
|
3 months interest
|
1.39%
|
1.40%
|
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12 Month CD
|
$500.00
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Quarterly
|
6 months interest
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1.69%
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1.70%
|
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18 Month CD
|
$500.00
|
Quarterly
|
6 months interest
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1.78%
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1.80%
|
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24 Month CD
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$500.00
|
Quarterly
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12 months interest
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2.23%
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2.25%
|
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36 Month CD
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$500.00
|
Quarterly
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12 months interest
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2.47%
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2.50%
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48 Month CD
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$500.00
|
Quarterly
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12 months interest
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2.62%
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2.65%
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60 Month CD
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$500.00
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Quarterly
|
12 months interest
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3.05%
|
3.10%
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12 Month IRA
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$10.00
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Semi-Annually
|
6 months interest
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1.78%
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1.80%
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18 Month IRA
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$100.00
|
Semi-Annually
|
6 months interest
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1.88%
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1.90%
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E-Z MM
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$500.00
|
Monthly
|
$10.00 if balance
|
< $500.00
|
|
|
Savings
|
Min Daily Bal
|
$0.00 -
|
$499.99
|
0.00%
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0.00%
|
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|
Min Daily Bal
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$500.00 -
|
$2,500.00
|
0.50%
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0.50%
|
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Min Daily Bal
|
$2,500.01 -
|
$20,000.00
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1.00%
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1.00%
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Min Daily Bal
|
$20,000.01 -
|
$100,000.00
|
1.14%
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1.35%
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Min Daily Bal
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$100,000.01
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and over
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1.24%
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1.25%
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E-Z Money
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$500.00
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Monthly
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$10.00 if balance
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< $500.00
|
|
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Checking
|
Min Daily Bal
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$0.00 -
|
$499.99
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0.00%
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0.00%
|
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Min Daily Bal
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$500.00 -
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$2,500.00
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0.15%
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0.15%
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Min Daily Bal
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$2,500.01 -
|
$20,000.00
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0.25%
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0.25%
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Min Daily Bal
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$20,000.01 -
|
$100,000.00
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0.50%
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0.50%
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Min Daily Bal
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$100,000.01
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and over
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0.75%
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0.75%
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E-Z Savings
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$100.00
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Quarterly
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$5.00 if bal <$100
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0.25%
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0.25%
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E-Z Checking
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$50.00
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None
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$5.00 if bal < $200
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Christmas Club Account
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$5.00
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Annually
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accrued interest
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0.25%
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0.25%
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* APY = Annual Percentage Yield
The Interest Rate and Annual Percentage Yield displayed are accurate as of
March 8, 2010.
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 and Christmas 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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