McHenry Public Library District Digital Archives

McHenry Plaindealer (McHenry, IL), 31 May 1978, p. 5

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PAGE FT - RLAMUCAUAI MMNMHV, MAY a McHenry State Bank We Want CUSTOMER Starting June 1st the McHenry State Bank will offer the New '10,000.00 minimum 6 month maturity Certificate of Deposit * t McHenry State Bank will base the Interest Rate on the New *10,000.00 six month Certificate of Deposit on fhe average weekly auction yield of six month U.S. Treasury bills and we will compound the interest daily, for example a recent auction yield was 7.01% , at McHenry Stat* Bank the certificate rate would have been 7.26%, compound dally Intamt. Although the interest rate may vary from, week to week, once pufchatad the rate will remain the same for the life of the certificate. j f - - / # We will also be offering an eight year certificate of deposit with a minimum of $l,d00.00 at 7%% compounded daily. •Federol law and regulation prohibit the payment of a time deposit prior to maturity unless three months of the interest theron is forfeited and interest on the amount withdrawn in reduced to the passbook rate. McHenry State Bank 3510 W. Elm Street McHenry, Illinois 385-1040

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