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Interest Rates

Our rates are posted as a convenience in helping you make financial decisions.  Please note rates are subject to change and please call the Deposit Services and Investments Department at 218-333-4340 for more information. 

All First National Bank Bemidji Checking and Savings accounts have the added security of FDIC insurance. See details at  http://www.fdic.gov/deposit/deposits/insured/index.html.   

Click Here for a printable version of our Rates Page

First National Bank Bemidji Interest Rate Sheet

Deposit Accounts

Account

Minimum 
Balance 

Interest Rate

APY - Annual 
Percentage Yield

Young Investor Savings

$0

 .05%

.05% 

Statement Savings

$200 

 .05%

.05% 

Thrift Savings

$50  

 .05%

.05% 

First Plus Checking

$800 

 .05%

.05% 

 

First Insured Money Market

Less than $1,000 

 .05%

.05% 

$1,000 - $9,999

 .05%

.05%

$10,000 - $24,999

 .10%

.10%

$25,000 - $249,999

 .15%

.15%

$250,000 and above

 .20%

.20%

  • $100 Minimum Deposit required to open Statement Savings, Money Market and Checking accounts

  • $50 Minimum Deposit required to open Thrift Savings accounts

  • Rate may change after account is opened on all deposit accounts listed above

  • Minimum Balances listed above are to avoid service charges. The minimum balance to avoid a service charge on a First Insured Money Market Account is $1000. There is no minimum balance to earn interest

  • Fees may reduce earnings

  • APY - Annual Percentage Yield based on the following compounding frequencies; Quarterly - Young Investor Savings Accounts; Monthly - First Plus Checking, Statement  & Money Market Savings; Thrift Savings - Interest compounds and is credited Semi-Annually

IRA Accounts

IRA Type
MIN
Term
Interest Rate 
APY- Annual Percentage Yield

Variable Rate

$100

18 Month

.90%

.90% 

IRA Fixed

$1,000

18 Month

.95%

.95%

IRA Fixed

$10,000

18 Month

1.15%

1.16%

  • Early withdrawal penalties may apply

  • Early withdrawal penalties or fees may reduce earnings

  • All 18 month IRA accounts are based on monthly compounding

  • Rate may change after account is opened on the Variable Rate IRA

IRA Accountholders who are 59 1/2 or older may request an IRA RATE CHANGE once every 12 months without penalty and withdraw from IRA accounts without an early withdrawal penalty.  Ask your First National Bank Bemidji Banker for more information or call 218-333-4340.

 

Health Savings Accounts

MINIMUM BALANCE
Interest Rate
APY  Annual Percentage Yield 

 

Less than $2,500

.10% .10%
$2,500 - $4,999.99 .40% .40%
$5,000 - $24,999 .70% .70%
$25,000 and more  .95% .95%
  • $100 Minimum Deposit required to open a Health Savings Account

  • Unlimited Check writing

  • No per check charge

  • Checks are safekept - (not returned in your statement)

  • Statements issued monthly

  • APY - Annual Percentage Yield based on Monthly compounding

  • Rate may change after account is opened

  • No monthly fee or balance requirements

  • Fees may reduce earnings

 

Certificates of Deposit
Term
MIN 
$0 - 9,999
$10,000-24,999
$25,000-100,000
Interest Rate
APY- Annual Percentage Yield
Interest Rate
APY- Annual Percentage Yield
Interest Rate
APY- Annual Percentage Yield
91 Day $1,000

0.05%

0.05%

0.15%

0.15%

0.25%

0.25%

182 Day $1,000

0.15%

0.15%

0.25%

0.25%

0.40%

0.40%

1 year  $500

0.20%

0.20%

0.35%

0.35%

0.45%

0.45%

18 month $500

0.30%

0.30%

0.45%

0.45%

0.55%

0.55%

2 year $500

0.40%

0.40%

0.55%

0.55%

0.65%

0.65%

30 month $500

0.60%

0.60%

0.75%

0.75%

 0.85%

0.85%

3 year $500

0.65%

0.65%

 0.80%

0.80%

 0.90%

0.90%

One-Up (4 year) $1,000

0.65%

0.65%

 0.80%

0.80%

 0.90%

0.90%

4 year $1,000 1.00% 1.00% 1.10% 1.10% 1.25% 1.26%
5 year $1,000 1.25% 1.26% 1.35% 1.36% 1.45% 1.46%
  • MIN - Minimum deposit to open account and to obtain disclosed  annual percentage yield

  • APY - Annual Percentage Yield  based on the following Compounding Frequencies:   

    • Maturity - 91 Day and 182 Day Certificates of Deposit 

    • Quarterly - All Certificate Terms from 12 month - 5 years   

  • Early withdrawal penalties may apply

                       Deposit Rates valid 07/9/14 thru 07/15/14
    Please refer to your deposit account disclosure for terms and conditions

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