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MidFirst Bank CD Rates Change in 2016

midfirstAccording to a review of the bank on top10banks.org, MidFirst bank has officially lowered its High Yield Online CD rates from .45 in 2015 to .30 in 2016. This rate is for their 91 day term certificate of deposit with a minimum balance of $1,000. The one-year CD rate however has risen from .35 in 2015 to .75 in 2016. The incentive here is for a longer term period yielding a higher return. The bank offers both fixed and callable CDs to its customers. The bank offers compounded daily interest on certificates of deposit ranging from three months to 10 years. All CDs include FDIC insurance. There are no monthly service charges associated with these accounts.

First established in 1911 as Oklahoma National Bank & Trust Company of Chickasha, the bank changed its name in 1997. The bank operates several branch lotions in Oklahoma and several other states.

     Term

Minimum Balance

Interest Rate          

APY          

91 Days

$1,000

0.30%

0.30%

182 Days

$1,000

0.50%

0.50%

12 Month

$1,000

0.75%

0.75%

18 Month

$1,000

0.95%

0.95%

24 Month

$1,000

1.09%

1.10%

36 Month

$1,000

1.39%

1.40%

48 Month

$1,000

1.74%

1.75%

60 Month

$1,000

2.08%

2.10%

84 Month

$1,000

2.23%

2.25%

120 Month

$1,000

2.47%

2.50%

SOURCE: MidFirst Bank

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