Mother Lode Bank is based in Sonora, California.  It is a locally owned and operated bank.  Mother Lode Bank opened for business on July 30, 2004.  Mother lode Bank has two bank branches in Sonora and a loan production office located in Murphys, California.  The bank offers a number of deposit products including checking accounts, savings accounts, money market accounts and certificates of deposit (CD)

The bank CDs offer two options to obtain a fixed rate for terms from one month to three years.  The first option is to open a stand alone CD and the second option is a bank CD combined with a checking account.  The bank CD accounts that also have a checking earn a higher rate of interest.  CD interest is compounded monthly and posted to the account monthly.  There is a $1,000 minimum to open these bank CDs and obtain the posted annual percentage rate.

Current CD rates and terms:

30 day CD rate is 0.10% APY    
3-5 month CD earns a rate of 0.35% APY    
6-11 month CD has an interest rate of 0.75% APY    
12-23 month CD yields a rate of 1.00% APY    
24-35 month CD also earns an interest rate of 1.00% APY    
36 month CD rate is1.25% APY
   
Current CD rates and terms with checking account:

30 day CD rate with checking account is 0.35% APY
3-5 month CD rate with checking account is 0.85% APY
6-11 month CD rate with checking account is 1.25% APY
12-23 month CD rate with checking account is 1.50% APY
24-35 month CD rate with checking account is 1.66% APY
36 month CD rate with checking account is 2.01% APY

Bank rates and CD rates subject to change prior to account opening.  For additional information, a bank representative can be reached at 209-694-8400.  The Mother Lode Bank website also post timely bank rate information, the bank web address is www.motherlodebank.com.

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