Rates
Rates
Effective September 20, 2020
|
TERM
|
INTEREST RATE
|
APY**
|
COMPOUNDS
|
|---|---|---|---|
|
182 Days
|
0.15%
|
0.15%
|
Quarterly
|
|
9 Months
|
0.25%
|
0.25%
|
Quarterly
|
|
12 Months
|
0.30%
|
0.30%
|
Quarterly
|
|
18 Months
|
0.35%
|
0.35%
|
Quarterly
|
|
24 Months
|
0.40%
|
0.40%
|
Quarterly
|
|
30 Months
|
0.45%
|
0.45%
|
Quarterly
|
|
36 Months
|
0.55%
|
0.55%
|
Quarterly
|
|
48 Months
|
0.65%
|
0.65%
|
Quarterly
|
|
60 Months
|
0.70%
|
0.70%
|
Quarterly
|
|
84 Months*
|
0.90%
|
0.90%
|
Quarterly
|
Stated yield assumes interest is left to compound. Substantial penalty for early withdrawal.
| INTEREST RATE | APY** | |
|---|---|---|
| Savings Account | 0.10% | 0.10% |
| Health Savings Account (HSA) | 0.05% | 0.05% |
Fees may reduce yield on these accounts. Interest Rate and APY may change.
Savings: $50.00 deposit to open. Minimum balance above $100.00 - no monthly maintenance fees. If monthly average ledger balance falls below $100.00 - $2.00 maintenance fee per month.
Health Savings: $1.00 deposit to open. Monlthy average balance above $1,500.00 - no monthly maintenance fees. If average balance falls below $1,500.00 - $2.00 maintenance fee per month.
| TIERS | INTEREST RATE | APY** |
|---|---|---|
| .01-2,499.99 | 0.05% | 0.05% |
| 2,500.00-24,999.99 | 0.10% | 0.10% |
| 25,000.00-49,999.99 | 0.10% | 0.10% |
| 50,000.00-74,999.99 | 0.15% | 0.15% |
| 75,000.00-99,999.99 | 0.15% | 0.15% |
| 100,000.00 and Above | 0.25% | 0.25% |
$1,000.00 deposit to open. Daily minimum balance above $1,000.00 - no monthly maintenance fees.
If daily minimum balance falls below $1,000.00 - $6.00 check fee per month. Minimum balance to receive APY is $0.01. Fees may reduce earnings on these accounts. Interest Rate and APY may change.
| INTEREST RATE | APY** | |
|---|---|---|
| Individual Retirement Account (IRA) | 0.30% | 0.30% |
| 12-Month IRA CD | 0.30% | 0.30% |
| 36-Month IRA CD | 0.55% | 0.55% |
| 84-Month IRA CD | 0.90% | 0.90% |
Fees may reduce earnings on these accounts. Interest Rate and APY may change.
Individual Retirement Accounts: No minimum deposit or balance required.
IRA CDs: $10,000.00 minimum deposit required. Stated yield on IRA CDs assumes
interest is left to compound. Substantial penalty for early withdrawal from IRA CDs.
| MINIMUM BALANCE | INTEREST RATE | APY** |
|---|---|---|
| $0.00 - $10,000.00 | 2.00% | 2.00% |
| $10,000.01 - $100,000.00 | 0.20% | 0.20% |
| 100,000.01 - $250,000.00 | 0.40% | 0.40% |
| $250,000.01 and Above | 0.50% | 0.50% |
If the above requirements are not met, the entire balance in the bank account will get 0.05% interest and 0.05% APY**.
Fees may reduce yield on these accounts. Interest rates and APY may change.
**Annual Percentage Yield.
Minimum deposit required to open an account is $50. Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Interest compounded monthly.
| TIERS | INTEREST RATE | APY** |
|---|---|---|
| .01-49,999.99 | 0.05% | 0.05% |
| 50,000.00-99,999.99 | 0.10% | 0.10% |
| 100,000.00 and Above | 0.10% | 0.10% |
$50.00 deposit to open. Daily minimum balance above $500.00 - no monthly maintenance fees.
If minimum balance falls below $500.00 - $6.00 maintenance fee per month.
Fees may reduce earnings on these accounts. Interest Rate & APY may change.
| TIERS | INTEREST RATE | APY** |
|---|---|---|
| 1,000.00-49,999.99 | 0.05% | 0.05% |
| 50,000.00-99,999.99 | 0.10% | 0.10% |
| 100,000.00 and Above | 0.10% | 0.10% |
$50.00 deposit to open. Daily minimum balance to receive APY is $1,000.00.
Fees may reduce earnings on these accounts.
Interest Rate and APY may change.
**Annual Percentage Yield
Note: Interest Rates are subject to change without notice.
For Federal Deposit Insurance Corporation (FDIC) purposes, a depositor's account balances in Bruning Bank will be aggregated with any account balances of the depositor in the following offices, branches, or internet sites of Bruning Bank:
Bruning Bank - Hebron Branch
Bruning Bank - Broken Bow Branch
Bruning Bank - Holdrege Branch
Bruning Bank - Kearney Branch
The total account balances of a depositor with Bruning Bank and its offices and branches will have the benefit of the deposit insurance coverage that the FDIC provides to a depositor's accounts in a single bank. To determine the level of FDIC deposit insurance coverage available on accounts in a single bank, please ask for the FDIC brochure "Your Insured Deposit" or visit www.fdic.gov and, in the "Consumer Resources" section, click on "Your Insured Deposit."
