Interest Rates

Should you have any questions or you're not able to find the information you're looking for, feel free to E-mail or call us with your question(s).  The phone number for our home office in Spencer is (812) 829-4811 or toll-free (888) 275-6272.  For contact information on all our locations please see the Locations section.

Member FDIC

This page was last updated: July 29, 2014

These Rates in Effect
From: Wednesday, July 30, 2014
Through: Tuesday, August 05, 2014

We do our best to keep these rates up to date and available for you, but please realize they are subject to change. When in doubt, please contact the bank.

Checking

  Interest Rate APY*
Choice Checking
First & Classic Choice 0.01% 0.01%
First & Classic Choice PLUS 0.05% 0.05%
Money Management Checking
$0.00 - $1,499.99 0.01% 0.01%
$1,500.00 - $9,999.99 0.01% 0.01%
$10,000.00 - $24,999.99 0.01% 0.01%
$25,000.00 - & Over 0.01% 0.01%
Money Management Checking Service Charge: $10.00 fee & .20 ¢ per check charge if monthly average balance falls below $1,500.00
Checking Accounts are Variable Rate Accounts:  Interest rates are subject to change at any time and fees could reduce earnings.

*APY equals Annual Percentage Yield or the compounded rate

Savings

  Interest Rate APY*
Statement Savings
Any Amount 0.05% 0.05%
Service Charge: $2.00 if monthly average balance falls below $200.00
Christmas Club
Any amount .25% .25%
Choice Money Market Savings
$0.00 - $2,499.99 0.05% 0.05%
$2,500.00 - $24,999.99 0.10% 0.10%
$25,000.00 - $99,999.99 0.10% 0.10%
$100,000.00 - & Over 0.13% 0.13%
Variable Rate Account
Service Charge $10.00 fee if balance falls below $2,500.00
Savings Accounts are Variable Rate Accounts:  Interest rates are subject to change at any time and fees could reduce earnings.

 
*APY equals Annual Percentage Yield or the compounded rate

Borrowing against your savings or CD is an option which ensures you a very low loan rate while preserving the growth of your deposit account for future use.

Certificate of Deposit / IRA

Term Minimum Interest Rate APY*
32 to 90 Day   $1,000.00 0.05% 0.05%
3 Month   $1,000.00 0.05% 0.05%
$25,000.00 0.05% 0.05%
6 Month   $1,000.00 0.10% 0.10%
$25,000.00 0.10% 0.10%
12 Month      $500.00 0.25% 0.25%
$25,000.00 0.25% 0.25%
18 Month      $500.00 0.30% 0.30%
$25,000.00 0.30% 0.30%
24 Month     $500.00 0.54% 0.55%
$25,000.00 0.54% 0.55%
30 Month      $500.00 0.59% 0.60%
$25,000.00 0.59% 0.60%
36 Month      $500.00 0.69% 0.70%
$25,000.00 0.69% 0.70%
48 Month      $500.00 1.24% 1.25%
$25,000.00 1.24% 1.25%
60 Month      $500.00 1.34% 1.35%
$25,000.00 1.34% 1.35%

Penalty for Early Withdrawal:
3 months' interest on CD's with terms of 1 year or less
6 months' interest on CD's with terms of greater than 1 year
(The penalty is assessed on the amount withdrawn)

*APY equals Annual Percentage Yield or the compounded rate

 

©2013 Owen County State Bank. Member FDIC. Equal Housing Lender.