Interest Rates for Certificates of Deposit

Listed below are base certificate rates/APYs. You may be eligible for a higher rate based on your other Family Merchants Bank relationships. Please contact one of our Bank representatives at (319)378-8100 to determine your specific rate/APY.

Rates are effective as of August 25, 2008. Rates can change daily, please contact Customer Service (Bank) for current rates. Fees can reduce earnings.

4-Month CD Special Rate APY
$1,000 and above 3.15% 3.18%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

15 MONTH STEP-UP SPECIAL CD Rate APY
$1,000 and above 3.05% 3.06%

This is a variable rate account; the rate(s) and APY(s) may change after the account is opened.
$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

20 MONTH STEP-UP SPECIAL CD Rate APY
$1,000 and above 3.74% 3.75%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

3-Month CD Rate APY
$1,000.00 - $9,999.99 2.28% 2.30%
$10,000.00 - $49,999.99 2.33% 2.35%
$50,000.00 - $99,999.99 2.38% 2.40%
$100,000.00 and above 2.43% 2.45%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

6-Month CD Rate APY
$1,000.00 - $9,999.99 3.20% 3.23%
$10,000.00 - $49,999.99 3.21% 3.24%
$50,000.00 - $99,999.99 3.23% 3.26%
$100,000.00 and above 3.25% 3.28%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

12-Month CD Rate APY
$1,000.00 - $9,999.99 3.10% 3.10%
$10,000.00 - $49,999.99 3.11% 3.11%
$50,000.00 - $99,999.99 3.13% 3.13%
$100,000.00 and above 3.15% 3.15%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

18-Month CD Rate APY
$1,000.00 - $9,999.99 3.20% 3.21%
$10,000.00 - $49,999.99 3.25% 3.26%
$50,000.00 - $99,999.99 3.30% 3.31%
$100,000.00 and above 3.35% 3.36%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

24-Month CD Rate APY
$1,000.00 - $9,999.99 3.20% 3.20%
$10,000.00 - $49,999.99 3.25% 3.25%
$50,000.00 - $99,999.99 3.30% 3.30%
$100,000.00 and above 3.35% 3.35%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

36-Month CD Rate APY
$1,000.00 - $9,999.99 3.20% 3.20%
$10,000.00 - $49,999.99 3.25% 3.25%
$50,000.00 - $99,999.99 3.30% 3.30%
$100,000.00 and above 3.35% 3.35%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

48-Month CD Rate APY
$1,000.00 - $9,999.99 3.20% 3.20%
$10,000.00 - $49,999.99 3.25% 3.25%
$50,000.00 - $99,999.99 3.30% 3.30%
$100,000.00 and above 3.35% 3.35%

$1,000 minimum opening deposit. You must maintain a minimum daily balance of $1,000.00 to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal.

** Ask about our CDARS program that allows you to obtain FDIC insurance on certificates of deposit over $100,000. The limit for such deposits is $30 million to any one customer.

An IRA account may be offered at the 12-Month CD term for the rate indicated above.

There are penalties for early withdrawal on all CD products and IRA accounts listed above.