A wise investment strategy includes a liquid account that is safe, secure and offers a competitive rate of return. Traditional Money Market accounts don’t always fit the bill, and Certificates of Deposit can be too restrictive. MidCountry Money Management provides a unique solution, blending favorable rates with flexibility to give you the best of both worlds.
What is Unique About MidCountry Money Management?
MidCountry Money Management allows you to invest any amount over $5,000 and earn premium rates on your deposit for a 36-month term. At the time of your deposit, graduated interest rates are determined for the duration of the investment period. Interest rates adjust at six month increments until the term ends, providing a blended rate.
Many deposit accounts have penalties that erode your earnings. If you need access to funds during the term, MidCountry Money Management allows one withdrawal without penalty during each six month rate adjustment period, provided the $5000 minimum balance is maintained.
You are welcome to replace any withdrawals previously made by depositing once per six month period. Deposits may be subject to certain restrictions. Please contact us for more details.
Deposit $5,000 or more and earn a blended rate of 0.87% APY*** over a 36 month period.
How Can MidCountry Money Management Fit My Savings Plan?
There are a myriad of advantages to this unique account:
- Maximize earnings on shorter term funds without sacrificing liquidity
- Access to your cash for unexpected financial needs
- Ownership flexibility, for either personal and/or business accounts
Effective Date: Tuesday, March 31, 2020
|Minimum Balance to Open||Minimum Balance to Obtain APY*||Interest Rate||APY*|
|Rate Term: 1 - 6 Months||$5,000.00||$5,000.00||0.20%||0.20%|
|Rate Term: 7 -12 Months||$5,000.00||$5,000.00||0.40%||0.40%|
|Rate Term: 13 - 18 Months||$5,000.00||$5,000.00||0.70%||0.70%|
|Rate Term: 19 - 24 Months||$5,000.00||$5,000.00||1.00%||1.00%|
|Rate Term: 25 - 30 Months||$5,000.00||$5,000.00||1.29%||1.30%|
|Rate Term: 31 - 36 Months||$5,000.00||$5,000.00||1.59%||1.60%|
* Annual Percentage Yield
** Early withdrawal penalty may apply
Fees may reduce earnings. Rates are subject to change.
***Advertised rates are variable, and effective as of 3/30/20. $5,000 minimum deposit required. Fees could reduce earnings on the account. The Annual Percentage Yields (APY) are fixed in 6 month increments at the time of your initial deposit, and adjust each 6 months to result in a blended interest rate. One withdrawal permitted with no penalty during each 6 month period, provided the minimum balance is maintained.