First Federal of Northern Michigan’s CD & IRA Specials
CERTIFICATE OF DEPOSIT
|
| Term |
APY* |
Minimum to Open |
| 24 Month1 |
3.25% |
$500 |
| 36 Month1 |
3.60% |
$500 |
| 15 Month Easy Access CD2 |
2.50% |
$500 |
HSA3AND IRA4
|
| Term |
APY* |
Minimum to Open |
| 24 Month |
3.25% |
$500 |
| 36 Month |
3.60% |
$500 |
|
| *Annual Percentage Yield (APY) is accurate as of April 30, 2008 and subject to change without notice. First Freedom or Eagle Premier account relationship required to receive APY of 3.25% on the 24 month, 3.60% on the 36 month and 2.50% on the 15 Month Easy Access CD. APY without qualified relationship is 2.50% for the 24 month, 2.75% for the 36 month and 2.00% for the 15 Month Easy Access CD. Contact your local Customer Service Representative for current rates and information. |
| 1Minimum balance required to earn APY is $500. Twelve months loss of interest penalty applied to early withdrawals of principal and/or credited interest. |
| 2Minimum balance required to earn APY is $500. Penalty-free withdrawals are allowed in $500 increments when a written notification is received seven (7) days in advance of the transaction. Limit to one (1) penalty-free transaction every seven (7) days. Penalty equal to seven (7) days interest on withdrawals made wihtin the first six (6) days of account opening. |
| 3HSA Certificate of Deposit requires an HSA NOW account. Minimum balance required to earn APY is $500. Twelve months loss of interest penalty applied to early withdrawals of principal and/or credited interest. Account subject to all IRS rules and regulations. |
| 4Traditional and Roth IRAs are available. Minimum balance required to earn APY is $500. Twelve months penalty applied to early withdrawal of principal and/or credited interest. Account subject to all IRS rules and regulations. |
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