APY = Annual Percentage Yield. Rates effective as of April 1, 2022. For current rate and yield information please call us at (906) 932-7646. We use the **Daily Balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings on the account.

Personal

Checking Accounts

Account Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Personal Checking $100 $0 0.00% 0.00%
Gogebic Rangers Checking $100 $0 0.03% 0.03%
Personal Now Checking $500 $500 0.03% 0.03%
HSA Checking $0 $0 0.03% 0.03%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Gogebic Money Market Learn More

Balance Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Up to $24,999.99 $1,000 $1,000 0.02% 0.02%
$25,000.00 - $49,999.99 $1,000 $1,000 0.04% 0.04%
$50,000.00 - $74,999.99 $1,000 $1,000 0.06% 0.06%
$75,000.00 - $99,999.99 $1,000 $1,000 0.08% 0.08%
$100,000.00 + $1,000 $1,000 0.10% 0.10%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Savings Accounts

Account Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Range Savings $100 $100 0.03% 0.03%
Lil' Rangers Savings $0 $0 0.03% 0.03%
Club Savings* $0 $0 0.03% 0.03%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

*Club Savings:  A penalty may be imposed for early withdrawal if the account is closed before maturity.

Certificates (CD) Learn More

Term Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
6 Month CD $500 $500 0.10% 0.10%
12 Month CD $500 $500 0.20% 0.20%
24 Month CD $500 $500 0.30% 0.30%
36 Month CD $500 $500 0.35% 0.35%
48 Month CD $500 $500 0.40% 0.40%
60 Month CD $500 $500 0.45% 0.45%

The Annual Percentage Yield (APY) assumes the interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. A penalty may be imposed for early withdrawal.

Money Market IRA Learn More

Balance Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Up to $24,999.99 $0 $0 0.02% 0.02%
$25,000.00 - $49,999.99 $0 $0 0.04% 0.04%
$50,000.00 - $74,999.99 $0 $0 0.06% 0.06%
$75,000.00 - $99,999.99 $0 $0 0.08% 0.08%
$100,000.00 + $0 $0 0.10% 0.10%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

IRA Certificates Learn More

Term Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
IRA 6 Month CD $1,000 $1,000 0.10% 0.10%
IRA 12 Month CD $1,000 $1,000 0.20% 0.20%
IRA 24 Month CD $1,000 $1,000 0.30% 0.30%
IRA 36 Month CD $1,000 $1,000 0.35% 0.35%
IRA 48 Month CD $1,000 $1,000 0.40% 0.40%
IRA 60 Month CD $1,000 $1,000 0.45% 0.45%

The Annual Percentage Yield (APY) assumes the interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. A penalty may be imposed for early withdrawal.

Business

Business Now Learn More

Balance Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Up to $999.99 $1,000 $0 0.02% 0.02%
$1,000.00 - $4,999.99 $1,000 $0 0.02% 0.02%
$5,000.00 - $9,999.99 $1,000 $0 0.02% 0.02%
$10,000.00 - $24,999.99 $1,000 $0 0.03% 0.03%
$25,000.00 + $1,000 $0 0.05% 0.05%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Public Funds NOW Learn More

Balance Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Up to $999.99 $500 $0 0.02% 0.02%
$1,000.00 - $4,999.99 $500 $0 0.03% 0.03%
$5,000.00 + $500 $0 0.05% 0.05%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Business Money Market Learn More

Balance Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Up to $24,999.99 $1,000 $1,000 0.02% 0.02%
$25,000.00 - $49,999.99 $1,000 $1,000 0.04% 0.04%
$50,000.00 - $74,999.99 $1,000 $1,000 0.06% 0.06%
$75,000.00 - $99,999.99 $1,000 $1,000 0.08% 0.08%
$100,000.00 + $1,000 $1,000 0.10% 0.10%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Business Savings

Account Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
Business Savings $100 $100 0.03% 0.03%
Organization/Nonprofit Savings $100 $100 0.03% 0.03%
Public Funds $100 $100 0.03% 0.03%

The interest rate and Annual Percentage Yield (APY) may change at any time after account opening.

Business Certificates (CDs) Learn More

Term Minimum Deposit to Open Minimum Daily Balance to Obtain APY** Rate APY
6 Month CD $500 $500 0.10% 0.10%
12 Month CD $500 $500 0.20% 0.20%
24 Month CD $500 $500 0.30% 0.30%
36 Month CD $500 $500 0.35% 0.35%
48 Month CD $500 $500 0.40% 0.40%
60 Month CD $500 $500 0.45% 0.45%

The Annual Percentage Yield (APY) assumes the interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. A penalty may be imposed for early withdrawal.