| Checking Accounts |
| |
Rate |
APY |
Min. Bal.
to Avoid Fee* |
| Totally Free | 0.000% | 0.000% | |
| |
| Totally Free Plus Interest |
| $0-$499 | 0.000% | 0.000% | |
| $500-$9,999 | 0.250% | 0.250% | |
| $10,000+ | 0.747% | 0.750% | |
| |
| Classic |
| $0-$999 | 0.499% | 0.500% | $1,000 |
| $1,000-$9,999 | 0.985% | 1.000% | |
| $10,000+ | 1.243% | 1.250% | |
| |
| Senior Classic (55 years of age or older) |
| $0-$999 | 0.499% | 0.500% | $1,000 |
| $1,000-$9,999 |
0.995% |
1.000% | |
| $10,000+ |
1.490% |
1.500% | |
| |
| Premier Classic** |
| $0-$999 | 0.499% | 0.500% | $1,000 |
| $1,000-$9,999 | 1.490% | 1.500% | |
| $10,000-$24,999 | 1.982% | 2.000% | |
| $25,000-$49,999 | 2.472% | 2.500% | |
| $50,000-$99,999 | 2.716% | 2.750% | |
| $100,000+ | 2.960% | 3.000% | |
| |
| ** New Funds Only |
| *$7.50 monthly fee if required minimum balance is not maintained. |
| Money Market Accounts |
| |
Rate |
APY |
Min. Bal.
to Avoid Fee* |
| Personal Money Market |
| $0-$2499 | 0.499% | 0.500% | $2,500 |
| $2500+ | 1.490% | 1.500% | |
| |
| Personal Premier Money Market |
| $0-$2499 | 0.985% | 1.000% | $2,500 |
| $2500-$9,999 | 1.490% | 1.500% | |
| $10,000-$24,999 | 1.982% | 2.000% | |
| $25,000-$49,999 | 2.472% | 2.500% | |
| $50,000-$99,999 | 2.716% | 2.750% | |
| $100,000+ | 2.960% | 3.000% | |
| Commercial Money Markets Accounts |
| |
Rate |
APY |
| $0-$2499 | 0.985% | 1.000% |
| $2500 + | 1.982% | 2.000% |
Contact Branch Manager for Market Rate
Toll Free Number: 1-800-914-3524 |
|
| Savings Accounts |
| |
Rate |
APY |
Min. Bal.
to Avoid Fee* |
| Regular Savings | 0.985% | 1.000% | $500 |
| |
| Health Savings Account | 0.985% | 1.000% | $100 |
| |
| Corporate Savings |
$0-$999 | 0.499% | 0.500% | $500 |
| $1,000-$9,999 | 0.747% | 0.750% | |
| $10,000+ | 1.490% | 1.500% | |
| |
| *$5.00 quarterly fee if required minimum balance is not maintained. |
Certificates of Deposit
(W/O Checking, Savings or MMDA Relationship) |
| Minimum Deposit of $500 |
| Term in Months |
Rate |
APY |
|
| 3 |
2.231% |
2.250% |
* |
| 6 |
2.485% |
2.500% |
* |
| 12 |
2.472% |
2.500% |
*** |
| 18 |
2.477% |
2.500% |
** |
| 24 |
2.477% |
2.500% |
** |
| 36 |
2.722% |
2.750% |
** |
| 48 |
2.722% |
2.750% |
** |
| 60 |
2.722% |
2.750% |
** |
Certificates of Deposit
(W/ Checking, Savings or MMDA Relationship) |
| Minimum Deposit of $500 |
| Term in Months |
Rate |
APY |
|
| 3 |
2.967% |
3.000% |
* |
| 6 |
3.421% |
3.450% |
* |
| 12 |
3.687% |
3.750% |
*** |
| 18 |
4.184% |
4.250% |
** |
| 24 |
4.426% |
4.500% |
** |
| 36 |
4.523% |
4.600% |
** |
| 48 |
4.619% |
4.700% |
** |
| 60 |
4.716% |
4.800% |
** |
| Certificate of Deposit Disclosures |
| Minimum Deposit of $500 |
| | | | |
Our current deposit rates will be paid on renewals - but require that the customer
be in contact with their MHB branch and have a checking, savings or money market
account with Michigan Heritage Bank.
* Compound at Maturity
** Compound Quarterly
*** Compound Monthly
APY= Annual Percentage Yield |
| IRA Specials**** |
| Minimum Deposit of $500 |
| Term in Months |
Rate |
APY |
| 12 |
3.698% |
3.750% |
| 24 |
4.426% |
4.500% |
| 36 |
4.523% |
4.600% |
| 48 |
4.619% |
4.700% |
| 60 |
4.716% |
4.800% |
| |
**** Requires Checking, Savings or Money Market Account Relationship
** Compounded Quarterly
APY= Annual Percentage Yield |
|
