|
Bloomfield State Bank's Current Interest Rates
Effective 5/20/2013 through 5/27/2013
Printer-Friendly Version
|
Terms |
|
*Annual Percentage Yield
(*A.P.Y.) |
The Total
Interest Earned On A Deposit Based On Frequency Compounding For A 365-Day
Period Expressed As A Percentage |
|
Monthly Maintenance Fee |
Charge Assessed
Against Account For Balance Below Pre-Established Minimum Balance |
|
Excess Check Fee |
Charge Assessed
Against Account For Writing More Than Allowed # Checks Within A Statement
Cycle |
|
Compounding/Crediting |
The Frequency
Interest Is Calculated And Posted To Customer's Account |
|
Early Withdrawal Penalty |
Number of
Days/Months Of Interest That Is Forfeited For Withdrawing Funds Prior To
Maturity |
|
Grace Period |
The Period Of
Time Following Maturity Of An Automatically Renewing Time Deposit (CD or
IRA) During Which The Customer May Withdraw Funds Without Being Assessed A
Penalty. |
|
T-Bills |
Sold by the U.S. Treasury weekly in 3 mos.
and 6 mos. terms at a discount in denominations of $10,000 or more. They
are traded daily in the secondary market. They are not insured by the FDIC,
but are guaranteed by the U.S. Government |
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|
T-Bills |
|
Length |
Interest Rate |
|
3
month |
.045% |
|
6
month |
.080% |
|
12 month |
.110% |
|
Certificates Of
Deposit (CD's) |
|
Length |
*A.P.Y. |
Interest Rate |
Minimum Deposit |
|
Early Withdrawal Penalty |
Grace Period |
Compounding & Crediting |
|
91
Day (Fixed) |
0.05% |
0.05% |
$1000 |
|
1
Month |
10
Days |
Every 91 Days |
|
182
Day (Fixed) |
0.11% |
0.11% |
$1000 |
|
1
Month |
10
Days |
Quarterly |
|
12
Month (Fixed) |
0.16% |
0.16% |
$500 |
|
1
Month |
10
Days |
Quarterly |
|
**13 Month CD Special (Fixed)** |
0.40% |
0.40% |
$5000 |
No Pts. |
1
Month |
10
Days |
Quarterly |
|
18
Plus (18 Month Variable) |
0.01% |
0.01% |
$1000 |
|
3
Months |
10
Days |
Quarterly |
|
Effective
04-01-2013 .08%
-25 Points |
UNLIMITED ADDITIONS ALLOWED
$100 MINIMUM UP TO 5 DAYS PRIOR TO MATURITY |
|
24
Month (Fixed) |
0.31% |
0.31% |
$500 |
|
3
Months |
10
Days |
Quarterly |
|
30
Months (Fixed) |
0.31% |
0.31% |
$500 |
|
3
Months |
10
Days |
Quarterly |
|
36
Months (Fixed) |
0.41% |
0.41% |
$500 |
No Pts. |
3
Months |
10
Days |
Quarterly |
|
42 Month CD Special (Fixed) |
0.73% |
0.73% |
$500 |
No Pts. |
3 Months |
10
Days |
Quarterly |
|
48
Months (Fixed) |
0.56% |
0.56% |
$500 |
|
3
Months |
10
Days |
Quarterly |
|
60
Months (Fixed) |
0.72% |
0.72% |
$500 |
|
6
Months |
10
Days |
Quarterly |
|
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|
|
I.R.A. 24 and 48 Month (Variable) |
| |
*A.P.Y. |
Interest Rate |
Minimum Deposit |
Opening Deposit |
Early Withdrawal Penalty |
Grace Period |
Compounding & Crediting |
|
IRA 24 Month
|
0.31% |
0.31% |
$100 |
$100 |
3
Month With Exceptions |
10
Days |
Quarterly |
|
IRA
48 Month
|
0.56% |
0.56% |
$100 |
$100 |
3
Month With Exceptions |
10
Days |
Quarterly |
|
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|
Checking Accounts |
| Account
Type |
*A.P.Y. |
Interest
Rate |
Minimum
To Earn Interest |
Opening
Deposit |
Monthly
Maintenance Fee |
Excess
Check Charge |
Compound
Credit Freq. |
|
Free Checking |
N/A |
N/A |
N/A |
$100 |
N/A |
N/A |
N/A |
| Rewards Checking |
0.03% |
0.025% |
$200 |
$100 |
$7.50<$1000
min. |
N/A |
Monthly |
| Grand Checking |
0.03% |
0.025% |
$1000.01-$5000 |
$1000 |
$10.00<$5000 min. |
N/A |
Monthly |
| |
0.06% |
0.055% |
$5000.01-$25000 |
|
|
|
|
| |
0.06% |
0.055% |
$25000.01-$100,000 |
|
|
|
|
| |
0.09% |
0.085% |
$100,000.01+ |
|
|
|
|
| Bloombank Business Rewards |
0.00% |
0.00% |
N/A |
$1000 |
$15.00<$7500 min. |
.35>100 Checks |
Monthly |
| |
0.03% |
0.025% |
$5000.01-$10000 |
|
$7.50<$15000 |
If Balance is <
$15000 |
|
| |
0.03% |
0.025% |
$10000.01-$25000 |
|
|
|
|
| |
0.03% |
0.025% |
$25000.01-$50000 |
|
|
|
|
| |
0.06% |
0.055% |
$50000.01-$75000 |
|
|
|
|
| |
0.06% |
0.055% |
$75000.01-$100,000 |
|
|
|
|
| |
0.08% |
0.75% |
$100,000.01+ |
|
|
|
|
|
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|
Savings Accounts |
|
Account Type |
*A.P.Y. |
Interest
Rate |
Minimum
To Earn Interest |
Opening
Deposit |
Monthly
Maintenance Fee |
Excess
Check Charge |
Compound
Credit Freq. |
| Money
Market Checking |
0.03% |
0.025% |
<$2500 |
$2500 |
$15.00<$1000 |
Certain Conditions |
Monthly |
| |
0.03% |
0.025% |
$2500.01-$10000 |
|
|
May Apply |
|
| |
0.03% |
0.025% |
$10000.01-$25000 |
|
|
|
|
| |
0.09% |
0.85% |
$25000.01+ |
|
|
|
|
| Statement
Savings |
0.06% |
0.055% |
$1 |
$50 |
$1.00
Monthly<$100 |
$1 Per W/D
Over 4 W/D Per Mo. |
Monthly |
| Junior
Savers Club |
0.06% |
0.055% |
$1 |
$5 |
N/A |
$0.50 Per
W/D Over 1 W/D Per Mo. |
Monthly |
| Christmas
Club |
0.06% |
0.055% |
$10 |
$1 |
N/A |
$10 Early Closing Fee |
Annually |
|
|
|
| More Rewards for
our Family of Customers! |
| If you have: |
Any Term |
DDA Min. Balance |
|
| Rewards Checking |
+
.10 |
Any + Bal |
|
| Grand Checking |
+
.15 |
Any + Bal |
|
| Basic Savings
or Existing Checking |
+
.05 |
$5,000 |
4Combined Product Type
Balance(s) Greater than Equal To $5,000 |
| Money Market Savings
or Individual Retirement Account |
+
.10 |
$50,000 |
6Combined Product Type Balance(s) Greater than Equal To $50,000 |
| BillPay |
+
.05 |
Any + Bal |
|
| Home Equity or Auto Loan |
+
.05 |
Any + Bal |
|
| BSB mortgage |
+
.10 |
Any + Bal |
|
|
Open a CD over
$100,000
(Jumbo) |
+
.15 |
N/A |
|
| *****' Maximum bonus of .50%
can be applied to Fixed Rate CDs Only****** |
|
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