Deposit Account Rates

Effective 2/18/20 thru 2/24/20

 AccountsMinimum To OpenInterest Accrual Interest Rate APY
Checking $200.00
Now$800.00 Monthly0.300.30
 Super Now$2,500.00 Monthly0.50*0.50*
 Money Market$2,500.00 Monthly1.30*1.31*
 Passbook Savings$200.00Quarterly0.750.75
* If average balance for the month falls below $2,500.00 the rate reduces to .30% (.30% APY)
Please contact the New Albin Savings Bank for any fee associated with checking and savings accounts
if the balance drops below the stated minimum above.
CD’SDeposit AmountsRateAPY
3 Month$1,000-$99,9991.401.41
3 Month$100,000 & over1.501.51
6 Month$1,000-$99,9991.501.51
6 Month$100,000 & over1.601.61
1 Year$1,000-$99,9991.501.51
1 Year$100,000 & over1.601.61
2 Year$1,000-$99,9991.551.56
2 Year$100,000 & over1.651.66
3 Year$1,000-$99,9991.601.61
3 Year$100,000 & over1.701.71
4 Year$1,000-$99,9991.701.71
4 Year$100,000 & over1.801.81
5 Year$1,000-$99,9991.801.81
5 Year$100,000 & over1.901.91
IRA$1,000-$99,9991.601.61
IRA$100,000 & over1.701.71
Penalty for early withdrawal
Minimum $1,000 to open
Annual Percentage Yield (APY) is based on quarterly compounding

Loan Rates

Agricultural and Commercial Loans (non-real estate)
APR*
With terms up to one year4.75%
Terms over one year up to 5 years full amortization4.75%
Real Estate Loans
Residential
20 year amortization with 6 year balloon payment**3.50%
Terms over 6 years up to 15 years full amortization3.75%
20 year term fixed rate3.95%
Agricultural
20 year amortization with 5 year balloon payment**4.25%
Terms over 5 years up to 10 years full amortization4.50%
15 year term fixed rate4.75%
Commercial
20 year amortization with 5 year balloon payment**4.75%
Terms over 5 years up to 10 years full amortization5.00%
15 year term fixed rate5.25%
Recreational Properties
Please contact us for market rates and terms.
Vehicle Loans
Rates vary based on year of vehicle3.50% to 6.75%
Other Loans
Please call us at 888-689-1898 for other types of loans offered.


*APR is the Annual Percentage Rate
**Balloon payment is a payment where the remaining balance of the loan falls due in full. The New Albin Savings Bank typically offers to extend this balloon payment at the time it falls due at the then going rate and terms. However, the New Albin Savings Bank is not obligated to extend any balloon payment and may not offer to do so.

Rates are subject to change without notice.