Rates & Fees

 

Rates

Personal Accounts

ProductMinimum BalanceInterest RateAPYCompound
Personal Checking $500.00 0% 0% N/A
Super Now Account $1000.00 0.20% 0.20% N/A
Statement Savings $100.00 0.25% 0.25% N/A
Money Market Account $1000.00 0.30% 0.30% N/A

Certificates of Deposit (less than $100,000.00)

ProductMinimum BalanceInterest RateAPYCompound
7-29 Days $1000.00 0.25% 0.25% N/A
30-89 Days $1000.00 0.25% 0.25% N/A
3-5 Months $1000.00 0.27% 0.27% N/A
6-11 Months $1000.00 0.47% 0.47% N/A
12-17 Months $1000.00 0.77% 0.77% Quarterly
18-23 Months $1000.00 0.87% 0.87% Quarterly
24-29 Months $1000.00 1.02% 1.02% Quarterly
30 Months $1000.00 1.12% 1.12% Quarterly
36 Months $1000.00 1.27% 1.27% Quarterly
48 Months $1000.00 1.51% 1.52% Quarterly
60 Months $1000.00 1.56% 1.57% Quarterly

Business Accounts

ProductMinimum BalanceInterest RateAPYCompound
Business Checking $500.00 0% 0% N/A
Statement Savings $100.00 0.25% 0.25% N/A
Money Market Account $1000.00 0.30% 0.30% N/A
Commercial IBA $1000.00 0.22% 0.22% N/A

Interest rates and annual percentage yield may change at any time at our discretion.
The current rates are also available in our lobby.
APYs for CDs are figured on quarterly compounding and crediting of interest.
Fees can reduce the earnings on an account.
A penalty will be imposed for early withdrawal on a CD.

Fee Schedule

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.

DescriptionFee
Transactions at ATMs Not Owned & Operated by MCSB $1.00
Popmoney® Transaction Fee $0.50 
Check Printing fee depends on style of check 
Money Order $2.50 
Cashier's Check $3.50 

Traveler's Checks:

Signature
Dual Signature

 

1% of total purchase
1.75% of total purchase

The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: Check, in-person withdrawal, ATM withdrawal, or other electronic means.
Returned Item Fee $25.00
Overdraft Fee $25.00 
Account Research $30.00/hour (one hour minimum) 
Account Balancing Assistance  $30.00/hour (half hour minimum)
Stop Payments (each)  $25.00 (includes any Electronic Banking transaction)
Accounts Closed within 90 Days of Opening  $25.00
Photocopies  $0.20
Photocopies of Film Items  $2.00
Incoming Wire Transfer  $5.00 
Outgoing Domestic Wire Transfer  $20.00 
Outgoing Foreign Wire Transfer  $50.00 (or actual cost if higher) 
Collection Items (Incoming & Outgoing)  $30.00/item 
Fax Service $5.00 first page, $0.25/page therafter
Replacement Debit Card (each) $5.00
Instant Issue Debit Card $10.00
Spirit Card Collection $12.00

Safe Deposit Boxes

DescriptionFee
Small $20.00
Medium $30.00
Large $40.00
Extra Large $60.00
Key Deposit $25.00
Box Drilling Charges $150.00

*New Mills County State Bank Club members receive one year free rental on a small box.

We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.