Savings Rates‒Competitive Interest Rates

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Savings Rates
Effective as of 04.02.2012

SavingsPlus Account
APY*** Dividend Rate*** Minimum Balance
0.65% 0.65% $0.00 to $4,999
0.80% 0.80% $5,000 and up
Savings Plus (Without Bonus Rate)
APY* Dividend Rate Minimum Balance
0.15% 0.15% $0.00 to $4,999
0.25% 0.25% $5,000 and up
Checking Account
APY* Dividend Rate Minimum Balance
0.00% 0.00% $0.00 to $10,000
0.10% 0.10% $10,000.01 and up

Certificate of Deposit and IRA Certificates of Deposit (CD)
	APY*	Dividend Rate	Minimum Balance
6 Month CD****	0.30%	0.30%	$1,000 to $9,999
	0.30%	0.30%	$10,000 to $49,999
	0.30%	0.30%	$50,000 to $99,999
	0.35%	0.35%	$100,000 and up
12 Month CD	0.40%	0.40%	$1,000 to $9,999
	0.40%	0.40%	$10,000 to $49,999
	0.45%	0.45%	$50,000 to $99,999
	0.50%	0.50%	$100,000 and up
24 Month CD	0.85%	0.85%	$1,000 to $9,999
	0.85%	0.85%	$10,000 to $49,999
	0.85%	0.85%	$50,000 to $99,999
	0.90%	0.90%	$100,000 and up
36 Month CD	1.00%	1.00%	$1,000 to $9,999
	1.00%	1.00%	$10,000 to $49,999
	1.00%	1.00%	$50,000 to $99,999
	1.06%	1.05%	$100,000 and up
48 Month CD	1.26%	1.25%	$1,000 to $9,999
	1.26%	1.25%	$10,000 to $49,999
	1.26%	1.25%	$50,000 to $99,999
	1.31%	1.30%	$100,000 and up
60 Month CD	1.51%	1.50%	$1,000 to $9,999
	1.51%	1.50%	$10,000 to $49,999
	1.51%	1.50%	$50,000 to $99,999
	1.56%	1.55%	$100,000 and up

*APY = Annual Percentage Yield. Minimum balances listed is to open an account and to earn the advertised APY. All rates and APYs are accurate as of today, and subject to change at any time. Fees may reduce earnings on accounts. A penalty will be imposed for early withdrawal from Certificates of Depost. For current rates, please contact us.

** Minimum balance for Regular Savings Account is $10.00

*** In order to qualify for the SavingsPlus rate you must fulfill all the conditions below:
1) Receive your monthly statements electronically;
2) Maintain a Michigan First Premier Checking Account;
3) Perform no more than 2 “in-person” and/or “mail-in” transactions a month;
4) Maintain a minimum of $400 deposited through Direct Deposit in any Michigan First account;
5) Use your Michigan First Debit Card 10 or more times a month for signature based purchases (transactions made online and over the phone as well as those for which you choose credit and sign the receipt are considered signature-based transactions). Debit transactions have to post within the month authorized in order to qualify for the SavingsPlus rate.
6) If you do not meet these conditions, you will receive the rate shown under “Savings Plus (without bonus rate)”

**** IRA Certificates of Deposit available for terms 12 months or greater.
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