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Security State Bank of Howard Lake rate charts for CD's, Savings,
and IRA's: The Rate Charts contain information about interest rates
and annual percentage yields for these types of accounts that we offer.
Some restrictions apply to each product; see below as these pertain
to the corresponding items:
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after
account opening.
(c) Daily balance. The amount of the principal in the account each
day.
(d) If your balance falls below the Minimum Balance. Your account
will not earn interest for those days that it remains below the minimum
balance.
All rates are subject to change without notice. We will keep the
interest rates current as they change.
Savings and NOW Accounts Rates
Rates Effective as of October 9, 2008
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Account Product Name
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Minimum Opening Deposit
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Minimum Balance to Obtain APY
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Interest Rate
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Annual Percentage Yield
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NOW Account - (b)(d)
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$750.00
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$750.00 (c)
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0.10%
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0.10%
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Super NOW Account - (b)(d)
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$3000.00
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$3000.00
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0.15%
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0.15%
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Passbook Savings Account (d)
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$50.00
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$50.00
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0.20%
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0.20%
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Club Trudy Savings (d)
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$25.00
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$25.00
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0.20%
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0.20%
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Money Market Savings (d)
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$1000.00 to 25,000.00
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$1000.00
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0.25%
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0.25%
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Money Market Savings (d)
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$25,000.01 to 75,000.00
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$25,000.01
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0.50%
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0.50%
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Money Market Savings (d)
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$75,000.01 and up
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$75,000.01
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2.00%
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2.02%
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Gold Star Account
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$6,000.00
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$6,000.00
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0.10%
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0.10%
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Fees could reduce earnings on the accounts listed above. Money Market accounts will earn a tiered rate of interest contingent upon the collected daily average balance of the account.
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CD Rates
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Account Product Name
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Minimum Opening Deposit
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Minimum Balance to Obtain APY
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Interest Rate
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Annual Percentage Yield
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91 Day CD (a)
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$1000.00
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$1000.00 (c)
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0.55%
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0.55%
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182 Day CD (a)
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$1000.00
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$1000.00 (c)
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1.05%
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1.05%
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1 Year CD (a)
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$1000.00
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$1000.00 (c)
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2.00%
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2.02%
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18 Month CD (a)
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$1000.00
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$1000.00 (c)
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2.75%
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2.78%
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2 Year CD (a)
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$1000.00
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$1000.00 (c)
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3.00%
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3.03%
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3 Year CD (a)
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$1000.00
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$1000.00 (c)
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2.50%
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2.52%
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4 Year CD (a)
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$1000.00
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$1000.00 (c)
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2.50%
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2.52%
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IRA Rates
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Account Product Name
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Minimum Opening Deposit
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Minimum Balance to Obtain APY
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Interest Rate
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Annual Percentage Yield
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3 Year IRA CD (a,b)
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$500.00
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$500.00 (c)
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2.50%
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2.52%
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3 Year IRA Variable CD (a,b)
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$500.00
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$500.00 (c)
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2.75%
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2.78%
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