Tax Season is upon us and now is the best time to make a
contribution toward your IRA or to open a Health Savings Account.
Our Health Savings Accounts help individuals with high deductible
health insurance plans save money tax-free for medical expenses.
The following information is subject to change, call (800) 542-5004 to verify rates.
| CD (Monthly Terms) | APY % | Interest Rate % |
| 6 Month | .40 | .40 |
| 12 Month ($2,500 minimum to open) | .60 | .60 |
| 12 Month ($50,000 minimum to open) | .70 | .70 |
| 18 Month | .70 | .70 |
| 24 Month | .90 | .90 |
| 30 - 36 Month | 1.00 | 1.00 |
| 48 Month | 1.30 | 1.29 |
| 60 Month | 1.50 | 1.48 |
| Hi Fi Money Fund* | APY % | Interest Rate % |
| $0.01 - $2,499 | .20 | .20 |
| $2,500- $24,999 | .25 | .25 |
| $25,000 - $49,999 | .30 | .30 |
| $50,000 & Above | .40 | .40 |
| Savings | APY % | Interest Rate % |
| Passbook Savings ($100 & Above) | .15 | .15 |
| Minor Savings | .15 | .15 |
| Rate Watcher Index Account | APY % | Interest Rate % |
| $0.01 - $24,499 | .25 | .25 |
| $25,000 & Above | .30 | .30 |
Other terms may be available. No Broker deposits accepted. Annual Percentage Yield (APY) is based on daily compounding of interest and assumes interest is added to principal balance. Rates subject to change on these accounts. All CDs require $1,000 minimum balance unless otherwise noted. Substantial penalty for early withdrawal. Fees could reduce earnings on accounts.
*This is a variable rate account. The rate is subject to change after account is open. Minimum balance to open RateWatchers Money Market Index Account is $10,000. Balance required to earn APY tied to the index is $25,000. Interest rate and APY are subject to change without notice. Member FDIC.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking
account or demand deposit account on which the insured depository institution pays
no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not
include other accounts, such as traditional checking or demand deposit accounts that
may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction
accounts, visit www.fdic.gov.
The Vinton County National Bank is an Equal Housing Lender and Member FDIC.
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