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Temporary Liquidity
Guarantee Program
Beginning July 1, 2010, the Bank of Salem will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rule. |
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Current Rates
DEPOSIT RATES |
| Effective: July 1, 2010 |
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Annual Rate |
Annual
Percentage
Yield |
| Interest Checking & Platinum 50 plus |
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| ($0 - $999 monthly minimum) |
0.40% |
0.40% |
| ($1,000 - $2,499) |
0.42% |
0.43% |
| ($2,500+) |
0.45% |
0.45% |
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| Regular Savings & Exempt Regular Savings |
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| ($100.00 minimum average) |
0.50% |
0.50% |
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| Money Market Deposit Account |
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| ($2,500.00 - $9,999 monthly minimum) |
.60% |
.60% |
| ($10,000 - $49,999) |
0.65% |
0.65% |
| ($50,000 - $99,999) |
0.70% |
0.70% |
| ($100,000 +) |
0.75% |
0.75% |
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| Health Savings Account |
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| (no monthly minimum or average) |
2.00% |
2.02% |
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| This is a variable rate account: the rate(s) and APY(s) may change after the account is opened. You must maintain a minimum daily balance of $2,500.00 to obtain the disclosed annual percentage yield. |
| • EACH DEPOSITOR INSURED TO AT LEAST $250,000 BY THE FEDERAL DEPOSIT INSURANCE CORPORATION. |
| • RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. |
| • CONTACT AN EMPLOYEE FOR FURTHER INFORMATION ABOUT APPLICABLE FEES AND TERMS. |
CERTIFICATE OF DEPOSIT RATES |
Effective: July 1, 2010 |
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Annual Rate |
Annual
Percentage
Yield |
| 3 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
0.60% |
0.60% |
| $ 10,000 - 49,999 |
0.65% |
0.65% |
| $ 50,000 - 99,999 (and IRA’s) |
0.70% |
0.70% |
| $100,000 - 249,999 |
0.75% |
0.75% |
| $250,000+ |
0.80% |
0.80% |
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| 6 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
0.80% |
0.80% |
| $ 10,000 - 49,999 |
0.85% |
0.85% |
| $ 50,000 - 99,999 (and IRA’s) |
0.90% |
0.90% |
| $100,000 - 249,999 |
0.95% |
0.95% |
| $250,000+ |
1.00% |
1.00% |
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| 12 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
1.00% |
1.00% |
| $ 10,000 - 49,999 |
1.05% |
1.05% |
| $ 50,000 - 99,999 (and IRA’s) |
1.10% |
1.10% |
| $100,000 - 249,999 |
1.15% |
1.15% |
| $250,000+ |
1.20% |
1.21% |
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| 18 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
1.30% |
1.31% |
| $ 10,000 - 49,999 |
1.35% |
1.36% |
| $ 50,000 - 99,999 (and IRA’s) |
1.40% |
1.41% |
| $100,000 - 249,999 |
1.45% |
1.46% |
| $250,000+ |
1.50% |
1.51% |
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| 24 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
1.50% |
1.51% |
| $ 10,000 - 49,999 |
1.55% |
1.56% |
| $ 50,000 - 99,999 (and IRA’s) |
1.60% |
1.61% |
| $100,000 - 249,999 |
1.65% |
1.66% |
| $250,000+ |
1.70% |
1.71% |
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| 30 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
1.80% |
1.81% |
| $ 10,000 - 49,999 |
1.85% |
1.86% |
| $ 50,000 - 99,999 (and IRA’s) |
1.90% |
1.91% |
| $100,000 - 249,999 |
1.95% |
1.96% |
| $250,000+ |
2.00% |
2.02% |
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| 60 Month Certificate ($1,000 minimum) |
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| $ 1,000 - 9,999 |
2.30% |
2.32% |
| $ 10,000 - 49,999 |
2.35% |
2.37% |
| $ 50,000 - 99,999 (and IRA’s) |
2.40% |
2.42% |
| $100,000 - 249,999 |
2.45% |
2.47% |
| $250,000+ |
2.50% |
2.52% |
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| • EACH DEPOSITOR INSURED TO AT LEAST $250,000 BY THE FEDERAL DEPOSIT INSURANCE CORPORATION. |
| • RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. |
| • SUBSTANTIAL INTEREST PENALTY MAY BE ASSESSED FOR EARLY WITHDRAWAL OF TIME CERTIFICATES OF DEPOSIT. |
| • CONTACT AN EMPLOYEE FOR FURTHER INFORMATION ABOUT APPLICABLE FEES AND TERMS. |
| • ANNUAL PERCENTAGE YIELD CALCULATED ON QUARTERLY INTEREST COMPOUNDING. |
| • YOU MUST MAINTAIN A MINIMUM DAILY BALANCE OF $1,000.00 TO OBTAIN THE DISCLOSED ANNUAL PERCENTAGE YIELD. |
Feel free to call us for current rates for loans at:
(573) 729-3137 Main Bank
(573) 729-3306 Drive-In Branch
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