Private Bank Minnesota

Interest Rates

Please call us at 612-321-0991 if you have any questions about our rates.

Interest Checking

A variable rate account. Rates may change after account is opened.
Average Daily Balance
Interest Rate
APY1
$0.00 - $1,000.00 0.00 % 0.00 %
$1,000.01 - $25,000.00 0.05 % 0.05 %
$25,000.01 - $100,000.00 0.05 % 0.05 %
$100,000.01 + 0.05 % 0.05 %
Fees or charges may reduce earnings.

Money Market Savings

A variable rate account. Rates may change after account is opened.
Average Daily Balance
Interest Rate
APY1
$0.00 - $2,500.00 0.05 % 0.05 %
$2,500.01 - $25,000.00 0.10 % 0.10 %
$25,000.01 - $100,000.00 0.20 % 0.20 %
$100,000.01 – $1,000,000.00 0.30 % 0.30 %
$1,000,000.01+ 0.45 % 0.45 %
Fees or charges may reduce earnings.

Certificates of Deposit
Unless otherwise stated, Certificates of Deposit have a $1,000.00 minimum balance and interest is paid quarterly. The APY (annual percentage yield) for Certificates assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Certificates will be renewed automatically at maturity for the previous term. You have 10 calendar days after maturity before a withdrawal penalty will be imposed. A penalty may be imposed for early withdrawal.

Under $100,000 Balance                 
Term
Interest Rate
APY
< 3 months 0.10 % Fixed 0.10 %
3 month 0.15 % Fixed 0.15 %
6 month 0.25 % Fixed 0.25 %
12 month 0.40 % Fixed 0.40 %
18 month 0.45 % Fixed 0.45 %

$100,000 And Over Balance
Term
Interest Rate
APY
< 3 months 0.10 % Fixed 0.10 %
3 month 0.20 % Fixed 0.20 %
6 month 0.30 % Fixed 0.30 %
12 month 0.50 % Fixed 0.50 %
18 month 0.65 % Fixed 0.65 %

1Annual Percentage Yield. The annual percentage yield assumes interest remains on deposit for one year.             

Effective July 19, 2013

 

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