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Deposit Rates

 

Certificate of Deposit Credit Frequency Early Withdrawal Penalty Interest Rate APY*
3 Month CD Maturity 1 month interest 0.15% 0.15%
6 Month CD Quarterly 3 months interest 0.55% 0.55%
12 Month CD Quarterly 6 months interest 0.65% 0.65%
18 Month CD Quarterly 6 months interest 0.75% 0.75%
24 Month CD Quarterly 12 months interest 0.85% 0.85%
36 Month CD Quarterly 12 months interest 1.19% 1.20%
48 Month CD Quarterly 12 months interest 1.29% 1.30%
60 Month CD Quarterly 12 months interest 1.34% 1.35%
IRA Accounts        
12 Month IRA Semi-Annually 6 months interest 0.75% 0.75%
18 Month IRA Semi-Annually 6 months interest 0.85% 0.85%

* APY = Annual Percentage Yield.  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.
The Interest Rate and Annual Percentage Yield displayed are accurate as of March 27, 2017.

CD Accounts: Minimum to open is $500.  A penalty may be imposed for early withdrawal. Minimum balance required to receive monthly interest check is $10,000.00

IRA Accounts: Minimum to open is $100.  A penalty may be imposed for early withdrawal.

Money Market Accounts
(EZ Money Market Savings & EZ Business Money Market Savings)

Account Tiers Interest Rate APY*
$0 - $499.99 0.00% 0.00%
$500 - $2,500 0.15% 0.15%
$2,500.01 - $20,000 0.20% 0.20%
$20,000.01 - $100,000 0.30% 0.30%
$100,000.01 and over 0.50% 0.50%

* APY = Annual Percentage Yield. 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.
The Interest Rate and Annual Percentage Yield displayed are accurate as of March 27, 2017.

Minimum to open is $500.  Interest is credited quarterly.  If account falls below $500 any day of the cycle there will be a $10 service charge.  $500 is the minimum balance to obtain APY. Transfers and withdrawals are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties. A service charge of $2 will be charged for each debit transaction in excess of six. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time.    

Checking Accounts
(EZ Money Checking, EZ Business NOW)

Account Tiers Interest Rate APY*
$0 - $499.99 0.00% 0.00%
$500 - $2,500.00 0.05% 0.05%
$2,500.01 - $20,000 0.07% 0.07%
$20,000.01 - $100,000 0.10% 0.10%
$100,000.01 and over 0.12% 0.12%

* APY = Annual Percentage Yield. 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.
The Interest Rate and Annual Percentage Yield displayed are accurate as of March 27, 2017
.

EZ Money Checking: Minimum to open is $500. $500 is the minimum balance to obtain APY. Interest is credited monthly. If account falls below $500 any day of the cycle there will be a $10 service charge unless you maintain $5,000 in a savings/CD or have a loan with auto pay with Bank of Oakfield. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time.  

EZ Business NOW:  Minimum to open is $500.  $500 is the minimum balance to obtain APY. Interest is credited monthly. If account falls below $500 any day of the cycle there will be a $10 service charge. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time. If the account is closed before interest is credited, the accrued interest is not paid.

Savings Accounts

Account Interest Rate APY*
EZ Savings/EZ Business Savings 0.10% 0.10%
Christmas Club 0.30% 0.30%
Super Savers Club 0.35% 0.35%
Health Savings Account 0.20% 0.20% 

* APY = Annual Percentage Yield. 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.
The Interest Rate and Annual Percentage Yield displayed are accurate as of March 27, 2017.

EZ Savings/EZ Business Savings:  Minimum to open is $100.  Interest is credited quarterly. If account falls below $100 any day of the cycle there will be $5 service charge. Transfers and withdrawals are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties. A service charge of $2 will be charged for each debit transaction in excess of six. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time.

EZ Savings:  If you are under 17 years old: Open with $25, no minimum balance required.

Christmas Club:  Minimum to open is $5. Interest is credited annually. A disbursement of all principal and accrued interest will be paid on the first Monday following the first Saturday of October each year. Any withdrawal before the disbursement date will cause the account to be closed and interest will not be paid. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time.

Super Savers Club:  For ages 0-13. Minimum to open is $10. Interest is credited quarterly. Transfers and withdrawals are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties. A service charge of $2 will be charged for each debit transaction in excess of six. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account. Your interest rate and APY may change. We may change the interest rate on your account at any time.

Health Savings Account: Interest is credited monthly. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day.Your interest rate and APY may change. We may change the interest rate on your account at any time.