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Deposit Rates

 

Certificate of Deposit Rates

The Certificate of Deposit Rates listed below are premium rates paid to encourage use of our website, which may not be the same rates available at a branch office.  To earn the quoted rates below, begin your Certificate of Deposit account opening process online, by clicking here

Certificate of Deposit rates effective 07/27/15.
 TermInterest Rate APY* Minimum Balance to
Obtain APY
3 months 0.20% 0.20% $500
6 months 0.25% 0.25% $500
1 year 0.35% 0.35% $500
1 1/2 year 0.45% 0.45% $500
2 years 0.50% 0.50% $500
2 1/2 years 0.55% 0.55% $500
3 years 0.75% 0.75% $500
4 years 1.00% 1.00% $500
5 years 1.10% 1.10% $500
6 years 1.10% 1.10% $500
7 years 1.10% 1.10% $500
8 years 1.10% 1.10% $500
9 years 1.10% 1.10% $500
10 years 1.10% 1.10% $500
* Annual Percentage Yields (APY) is based on semi-annual compounding. Additional APY tiers are available with higher minimum balance requirements. There is a substantial penalty for early withdrawal of funds on deposit in a Certificate of Deposit. Click here to view early withdrawal penalties.

 

Individual Retirement Account (IRA) Rates

IRA rates effective 07/27/15.
 TermInterest Rate APY* Minimum Balance to
Obtain APY
1 year - Fixed rate 0.20% 0.20% $500
2 years - Variable rate 0.02% 0.02% $25
2 years - Fixed rate add on 0.35% 0.35% $100
3 years - Fixed rate 0.60% 0.60% $500
4 years - Fixed rate 0.85% 0.85% $500
5 years - Fixed rate 1.10% 1.10% $500
6 years - Fixed rate  1.10%  1.10% $500 
7 years - Fixed rate 1.10%  1.10% $500 
8 years - Fixed rate  1.10%  1.10% $500 
9 years - Fixed rate 1.10% 1.10% $500 
10 years - Fixed rate 1.10% 1.10% $500
Annual Percentage Yield (APY) is based on annual compounding. There is a substantial penalty for early withdrawal of funds on deposit in an IRA. Click here to view early withdrawal penalties.
The 2-Year Fixed Rate IRA has an add-on feature. You can add deposits to this account in amounts of $25 or more at any time.
The 2-Year Variable Rate IRA has an add-on feature. You can add deposits of at least $5.00 to this account at any time. The 2-Year variable rate may change after the account is opened.

 

Consumer Interest Checking Rates

Consumer Interest Checking rates effective 07/27/15.
Simply Free CheckingAPY*Interest RateMinimum Balance to Obtain APY
$10,000 or more 0.10% 0.10% $10,000
$5,000 to $9,999 0.05% 0.05% $5,000
$1,000 to $4,999 0.03% 0.03% $1,000
$0.01 to $999 0.01% 0.01% $0.01 
Account rate is variable and may change at any time after the account is opened.
*APY (Annual Percentage Yield) based on monthly compounding. Service charges could reduce earnings.  
 

Non-Consumer Interest Checking Rates

Non-consumer Interest Checking rates effective 07/27/15.
Free Non-Profit Checking^APY*Interest RateMinimum Balance to Obtain APY
$100,000 or more 0.10% 0.10% $100,000
$25,000 to $99,999 0.07% 0.07% $25,000
$0.01 to $24,999 0.04% 0.04% $0.01
Free Government Checking^APY*Interest RateMinimum Balance to Obtain APY 
$100,000 or more 0.10% 0.10% $100,000
$25,000 to $99,999 0.07% 0.07% $25,000
$0.01 to $24,999 0.04% 0.04% $0.01 
IOLTA Accounts^**APY*Interest RateMinimum Balance to Obtain APY 
$10,000 or more 0.10% 0.10% $10,000
$5,000 to $9,999 0.10% 0.10% $5,000
$0.01 to $4,999 0.10% 0.10% $0.01
Business Interest Checking^APY*Interest Rate Minimum Balance to Obtain APY
$10,000 or more 0.07% 0.07% $10,000
$5,000 to $9,999 0.04% 0.04% $5,000
$0.01 to $4,999 0.01% 0.01% $0.01 
^Account rates are variable and may change at any time after the account is opened.
*APY (Annual Percentage Yield) based on monthly compounding.
**IOLTA rates determined by best available interest-bearing DDA rates. 


 

Money Market Rates

Money Market rates effective 07/27/15.
Flex Money Market^APY*Interest RateMinimum Balance
to Obtain APY
$250,000 or more 0.65% 0.65% $250,000
$100,000 to $249,999 0.55% 0.55% $100,000 
$50,000 to $99,999 0.45% 0.45% $50,000
$25,000 to $49,999 0.35% 0.35% $25,000
$10,000 to $24,999 0.25% 0.25% $10,000
$0.01 to $9,999 0.10% 0.10% $0.01  
Business Money Market^APY*Interest RateMinimum Balance
to Obtain APY
$250,000 or more 0.65% 0.65% $250,000
$100,000 to $249,999 0.55% 0.55% $100,000 
$50,000 to $99,999 0.45% 0.45% $50,000
$25,000 to $49,999 0.35% 0.35% $25,000
$10,000 to $24,999 0.25% 0.25% $10,000
$0.01 to $9,999 0.10% 0.10% $0.01  
 

^Account rate is variable and may change at any time after the account is opened.
^Checks and transfers from a Flex Money Market account or Business Money Market account to another account or
to third parties by preauthorized, automatic or telephone transfers are limited to six (6) per month.
*APY (Annual Percentage Yield) based on monthly compounding. Service charges could reduce earnings.

 

Savings Account Rates

Savings Account rates effective 07/27/15.
My Savings^APY*Interest RateMinimum Balance to Obtain APYMinimum Opening Deposit­­^^
$0.01 or more 0.05% 0.05% $0.01 $0.01
Simple Savings^APY*Interest Rate Minimum Balance to Obtain APYMinimum Opening Deposit^^
$0.01 or more 0.05% 0.05% $0.01 $0.01
 Club Savings 2015# APY**Interest Rate  Minimum Balance to Obtain APYMinimum Opening Deposit 
Automatic Deduction Club Account++ 0.10% 0.10%  $0.01  $1.00
Coupon Book Club Account+ 0.05% 0.05%   $0.01    $1.00 
 Vacation Club 2016## APY**Interest Rate  Minimum Balance to Obtain APYMinimum Opening Deposit 
Automatic Deduction Club Account++ 0.10% 0.10%  $0.01  $1.00
Coupon Book Club Account+ 0.10% 0.10% $0.01 $1.00
 

My Savings/Simple Savings

^Account rate is variable and may change at any time after the account is opened. Transfers to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six (6) per month.
*APY (Annual Percentage Yield) based on quarterly compounding. Service charges could reduce earnings.
^^Minimum Opening Deposit for accounts opened online is $0.01.  Accounts opened in person at a branch do not require an
opening deposit.

Club Savings/Vacation Club

** Interest will not be compounded. Interest will be credited to your account at maturity.
+ Coupon Book Club Account, you may make unlimited deposits into your account. However, the minimum deposit is $1.00.
++  Automatic Deduction Club Account may choose to have payments in the amount of $1.00 or more debited from your Mid Penn Bank checking or savings account weekly, bi-weekly or monthly.
#   Start date 09/29/14 - End date 09/30/15. There is a $20 penalty assessed for each early withdrawal before maturity.
## Start date 03/16/15 - End date 02/29/16   There is a $20 penalty assessed for each early withdrawal before maturity.