Interest compounded quarterly, paid by check or deposited into a checking or savings account at Northwoods Bank. Interest compounded quarterly, paid by check or deposited into a checking or savings account at Northwoods Bank. Certificate with a competitive edge. 60-month term, minimum balance required. Interest rate floats with current market rate.
Interest rates are subject to change at the discretion of the financial institution.
Substantial penalty for early withdrawal. Flexible maturity date also available. This supplemental retirement plan has no tax obligation until withdrawal. Interest rates are based on current money market trends with a minimum interest rate guaranteed and a minimum investment required. Annuities are NOT FDIC insured and not guaranteed by Northwoods Bank, but are guaranteed by Minnesota Guarantee Association.