DEPOSIT RATES

Deposit rates effective 12/10/2018

PREFERRED REWARDS CHECKING*

TYPE INTEREST RATE APY
Less than $25,000 3.44% 3.50%
$25,001 and up 0.10% 1.80% to 3.50%**
Non-Qualifying 0.05%

0.05%

Checking and Savings Accounts
FDIC Insured. APY = Annual Percentage Yield. Rates may vary. Fees could reduce earnings.

DISCLOSURES

Interest on Accounts (Checking and Savings)
You must maintain the daily balances listed each day of the statement cycle to obtain the disclosed annual percentage yield. Interest rates are paid on the entire balance each day at the interest rate in effect for that balance tier. We use the daily-balance-method to calculate interest payments on your account. This method applies a daily periodic rate to principal balance in your account each day. Non-cash items (e.g. checks) you deposit into your account begin to earn interest on the business day we receive credit. Your interest rate and annual percentage yield may change. Fees could reduce earnings on your account. At our discretion, we may change the interest rate on your account at any time. For current APY information, call us at (712) 737-4911 in Orange City, or (712) 324-5141 in Sheldon. For more information on account fees or account qualifications, see the current Truth in Savings Disclosure for Fees, Services and Information.

*Interest rates in the Preferred Rewards Checking account are paid using the average-daily-balance method. For more information how interest is calculated, see the Preferred Rewards Checking Disclosure.

**For accounts that met the qualifications during the statement period, an interest rate of 3.44% will be paid on the entire balance with an APY of 3.50% if your average daily balance is $25,000 or less. An interest rate of .10% will be paid only for that portion of your average daily balance that is greater than $25,000. The APY for this tier will range from 1.80% to 3.50% depending on the balance in the account. This range is calculated using a hypothetical average balance of $50,000. For accounts that do not meet the account qualifications, 0.05% APY is paid on the entire average daily balance. All features of this account are subject to change at the bank's discretion at any time. If you close your account before interest is credited, you will not receive the accrued interest.

SAVINGS

TYPE INTEREST RATE APY
Personal Statement Savings 0.50% 0.50%
MMGA Savings - $100,000 and over 0.75 0.75
MMGA Savings - $50,000-$99,999.99 0.60 0.60
MMGA Savings - $25,000-$49,999.99 0.55 0.55

MMGA Savings - $24,999.99 and under

0.50 0.50

certificate of deposits

CDs provide a simple, safe way to build your savings, while typically earning a higher level of interest than a traditional checking or savings account. We offer CDs with competitive rates with terms varying from 3 to 60 months.

Contact a bank representative for current rates.

INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)

TYPE INTEREST RATE APY
Variable Rate 0.40% 0.40%
Fixed Rate Same Terms & Rates apply as CDs Same Terms & Rates apply as CDs

DISCLOSURES

Rates may change after account is opened. Effective through calendar quarter.