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First Minnetonka City Bank’s Great Rates

Product Rates
When you invest your money in a First Minnetonka product, you’ll earn the following rates of return. Contact First Minnetonka today for a complete listing of all our competitive rates, including those on our loan products.

CHECKING AND SAVINGS ACCOUNTS

Account Type Min Deposit To
Open Account		 Min Balance to Obtain
Annual Percentage Yield		 Interest Rate Annual Percentage
Yield
Relationship Checking** $25 $500 .02 .02
Ultimate w/Interest Checking $25 $500 .01 .01
Ultimate Gold Checking*** $25 $500 .02 .02
Thrift Savings $50 $15 .05 .05
Money Market Savings $50 $15 to $9,999.99 .05 .05
$10,000 to $24,999.99 .06 .06
$25,000 to $49,999.99 1.00 1.00
$50,000 1.25 1.26

 

ABOVE RATES AND ANNUAL PERCENTAGE YIELD ARE EFFECTIVE AS OF December 07, 2024 AND ARE SUBJECT TO CHANGE DAILY. SAVINGS AND CHECKING RATES ARE VARIABLE AND MAY CHANGE AT ANYTIME AFTER THE ACCOUNT IS OPENED. FEES COULD REDUCE EARNINGS ON THESE ACCOUNTS.

See Truth in Savings Disclosure for details.

 

CERTIFICATE OF DEPOSIT

Substantial Penalty for Early Withdrawl

Account Type Min Deposit To
Open Account		 Min Balance to
Obtain Annual Percentage Yield		 Interest Rate Annual Percentage
Yield*
91-DAYS $ 1000 $ 1000 .95 .95
182-DAYS $ 1000 $ 1000 1.25 1.25
9-MONTHS $1,000 $1,000 3.50 3.52
12-MONTHS $ 1000 $ 1000 1.55 1.56
18-MONTHS $ 1000 $ 1000 1.85 1.86
24-MONTHS $ 1000 $ 1000 2.15 2.17
30-MONTHS $ 1000 $ 1000 2.45 2.47
36-MONTHS $ 1000 $ 1000 2.75 2.78
48-MONTHS $ 1000 $ 1000 3.05 3.08

 

INDIVIDUAL RETIREMENT CERTIFICATES

Substantial Penalty for Early Withdrawl

Account Type Min Deposit To
Open Account		 Min Balance to Obtain
Annual Percentage Yield		 Interest Rate Annual Percentage
Yield*
9-MONTHS $1,000 $1,000 3.50 3.52
12-MONTHS $ 1000 $ 1000 1.55 1.56
18-MONTHS $ 1000 $ 1000 1.85 1.86
24-MONTHS $ 1000 $ 1000 2.15 2.17
30-MONTHS $ 1000 $ 1000 2.45 2.47
36-MONTHS $ 1000 $ 1000 2.75 2.78
48-MONTHS $ 1000 $ 1000 3.05 3.08

 

CERTIFICATE RATES AND ANNUAL PERCENTAGE YIELD ARE EFFECTIVE THROUGH December 13, 2024

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

All certificate accounts are automatically renewable.

*THE ANNUAL PERCENTAGE YIELD ASSUMES INTEREST WILL REMAIN ON DEPOSIT UNTIL MATURITY. A WITHDRAWAL WILL REDUCE EARNINGS.

**ASSUMES A MINIMUM AGGREGATE BALANCE OF $10,000 AMONG DEPOSIT AND LOAN ACCOUNTS.

***AVAILABLE TO CUSTOMERS AGE 60 OR OVER

Please contact a First Minnetonka City Bank representative directly for the most current rate information.