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Interest Rates on Deposit Products
Displayed below are the current interest rates for our interest
bearing accounts. We feel that the interest rates are very attractive, and
are competitive in some cases with other financial institutions' special
promotions.
Interest rates and Annual Percentage Yields on variable interest rate deposit accounts are subject to
change after account opening.
| New Millennium Bank Variable Rate Deposit Accounts* | ||||
| Product | Minimum Opening Deposit | Minimum Balance To Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
| TOTALLY FREE CHECKING | $100 | $100 | 1.24% | 1.25% |
| Money Market Account | $1000 | $1,000 to $9,999.99 | 0.15% | 0.15% |
| $10,000 to $49,999.99 | 0.25% | 0.25% | ||
| $50,000 to $99,999.99 | 0.40% | 0.40% | ||
| $100,000 to $249,999.99 | 0.60% | 0.60% | ||
| $250,000 and over | 0.90% | 0.90% | ||
| Neighborhood Savings |
$50 | $0.01 | 0.25% | 0.25% |
| Business Interest Checking | $500 | $0.01 | 0.15% | 0.15% |
| IOLTA Account |
$100 | $1,000 to $99,999 | 0.40% | 0.40% |
| $100,000 and over | 1.00% | 1.00% | ||
| Freedom Account - significant restrictions apply |
$100 | <$25,000.01 | 2.23% | 2.26% |
| over $25,000 | 0.15% | 0.15% | ||
Certificates of Deposit** |
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| Product | Minimum Opening Deposit |
Interest rate |
Annual Percentage Yield |
Pick Your Maturity 100 Days to 375 Days |
$500.00 | 0.90% | 0.90% |
Pick Your Maturity 376 days to 1830 days |
$500.00 | 1.00% | 1.00% |
Pick Your IRA Maturity 100 days to 375 days |
$500.00 | 0.90% | 0.90% |
Pick Your IRA Maturity 376 days to 1830 days |
$500.00 | 1.00% |
1.00% |
| 5 Year CD - Limited Time Offer | $500.00 | 2.47% | 2.50% |
(Please call for rates for certificate deposits of $100,000.00 or more)
Overdraft fees may apply to overdrafts created by check, in-person withdrawal or other electronic means as applicable.
* Fees may reduce earnings
** Penalties for early withdrawals may apply.
Please ask a Customer Service Representative for additional information about
applicable fees and terms.
All products, services and fees are accurate as of October 28, 2009, but are
subject to change at any time.