|
Rates
|
|
Savings Certificates
|
|
..
| |
Interest Rate
|
A.P.Y.
Annual Percentage
Yield
|
3 month
>$ 1,000
>$10,000 |
1.25
1.50 |
1.26
1.51 |
6 month
>$ 1,000
>$10,000 |
1.50
1.75 |
1.51
1.76 |
12 month
>$ 1,000
>$10,000 |
1.75
2.00 |
1.76
2.02 |
18 month
>$ 1,000
>$10,000 |
2.00
2.25 |
2.02
2.27 |
24 month
>$ 1,000
>$10,000 |
2.20
2.45 |
2.22
2.48 |
36 month
>$ 1,000
>$10,000 |
2.45
2.70 |
2.48
2.73 |
Jumbos
>$100,000 |
Need Officer Approval |
SEE OUR TRUST DEPARTMENT FOR
COMPETITIVE SHORT-TERM RATES |
|
CERTIFICATES WILL AUTOMATICALLY
RENEW FOR THE AMOUNT OF THE CERTIFICATE
AND AT THE RATE POSTED FOR THAT TERM CERTIFICATE.
ˆ The A.P.Y. is accurate as of the updated
date
|
|
****EARLY WITHDRAWAL PENALTY***
The Penalty for early withdrawal
of funds from a certificate having a maturity
of one year or less will be equal to three
months simple interest. If the term
of the certificate is longer than one year
and less than five, the penalty is equal
to the loss of six months of simple interest.
|
|
|
|
|
|
| |
Interest Rate |
A.P.Y.
Annual Percentage
Yield
|
Money
Market Savings
> $1,000 |
1.00 |
1.00 |
Basic
Savings
> $100 |
.750 |
.750 |
Interest
Plus Checking
> $1,000
> $25,000
> $100,000
> $200,000 |
.750
.850
1.00
1.25 |
.750
.850
1.00
1.26 |
| Earnings
Credit |
1.50 |
1.51 |
|
$1,000 MINIMUM BALANCE REQUIRED
FOR THE OPENING OF A MONEY MARKET SAVINGS
ACCOUNT. THERE IS A CHARGE OF $10.00 PER
MONTH IF THE BALANCE FALLS BELOW $1,000.
NO INTEREST WILL BE EARNED IF THE BALANCE
FALLS BELOW $1,000. A $100 MINIMUM BALANCE
REQUIRED FOR THE OPENING OF A BASIC SAVINGS
ACCOUNT. THERE IS A CHARGE OF $5.00 PER
MONTH IF THE BALANCE FALLS BELOW $100.
THE INTEREST RATE AND ANNUAL PERCENTAGE
RATE MAY CHANGE DAILY AFTER THE ACCOUNT
IS OPEN.
FEES MAY REDUCE THE EARNINGS.
ˆ The A.P.Y. is accurate as of the updated
date
|
|
|
|
|
|
IRA Certificates
|
|
..
| |
Interest Rate |
A.P.Y.
Annual Percentage
Yield
|
12 month
<$ 10,000
>$10,000 |
3.50
3.75 |
3.50
3.75 |
24 month
<$ 10,000
>$10,000 |
3.75
4.00 |
3.75
4.00 |
36 month
<$ 10,000
>$10,000 |
4.00
4.50 |
4.00
4.50 |
SEE OUR TRUST DEPARTMENT FOR
COMPETITIVE SHORT-TERM RATES |
|
CERTIFICATES WILL AUTOMATICALLY
RENEW FOR THE AMOUNT OF THE CERTIFICATE
AND AT THE RATE POSTED FOR THAT TERM CERTIFICATE.
ˆ The A.P.Y. is accurate as of the updated
date
|
|
****EARLY WITHDRAWAL PENALTY***
The Penalty for early withdrawal
of funds from a certificate having a maturity
of one year or less will be equal to three
months simple interest. If the term
of the certificate is longer than one year
and less than five, the penalty is equal
to the loss of six months of simple interest.
|
|
|
|
|
Consumer Loans
|
|
|
Type of Loan |
Term |
Current A.P.R.
(Annual Percentage Rate) |
American Brand Car |
|
Automobile - New †
|
36
mos.
48 mos.*
60 mos. |
7.500%
7.750%
8.000% |
7.000%
7.250%
7.500% |
|
Automobile - Used †
|
24
mos.
36 mos.
48 mos. |
8.250%
8.500%
8.750% |
7.750%
8.000%
8.250% |
|
Recreational
Vehicles
|
60
mos. |
8.000% |
. |
|
Recreational
Vehicles - Used
|
60
mos. |
9.000% |
. |
|
Boat/Cycle/
Snowmobile
|
24
mos. |
8.500% |
. |
|
Personal -
Unsecured
|
12
mos. |
12.000% |
. |
|
Ready Reserve
Line of Credit
|
60
mos. |
18.000% |
. |
|
Personal - Secured by Savings/
C.O.D.
|
Varies |
Rate is 2.00% over customer's
savings or C.O.D.
rate with a minimum rate of 6.00%. (no index)
|
|
*Union Members receive a .25%
rate of reduction on consumer loans.
(not available for mortgage loans)
*48 monthly payments of $24.30
per $1,000 borrowed. Example of a typical transaction.
† 20% down payment
|
|
|
|
|
|
Real Estate Loans***
|
|
|
Type of Loan |
Term |
Annual Percentage
Rate * |
Frequency of
Rate Changes |
Current
Index ** |
Index Name
Constant
Maturity |
Our Margin |
|
Owner Occupied |
|
. |
|
1st Mortgages |
25 year
max.
|
3.875%
4.250%
5.000% † |
Annually
Every 3 years
Every 5 Years |
1.59
2.03
2.77 |
1 year weekly
3 year weekly
5 year weekly |
2.25
2.25
2.25 |
|
2nd Mortgages |
20 year
max.
|
4.375%
4.750%
5.500% |
Annually
Every 3 years
Every 5 Years |
1.59
2.03
2.77 |
1 year weekly
3 year weekly
5 year weekly |
2.75
2.75
2.75 |
|
Non-Owner Occupied |
|
2 |
|
1st Mortgages |
20 year
max.
|
4.625%
5.000%
5.750% |
Annually
Every 3 years
Every 5 Years |
1.59
2.03
2.77 |
1 year weekly
3 year weekly
5 year weekly |
3.00
3.00
3.00 |
|
2nd Mortgages |
15 year
max.
|
5.125%
5.500%
6.250% |
Annually
Every 3 years
Every 5 Years |
1.59
2.03
2.77 |
1 year weekly
3 year weekly
5 year weekly |
3.50
3.50
3.50 |
|
* Maximum
fixed rate term is 5 years.
** Index
is the "week ending" rate most recently
available in the Federal Reserve Statistical
Release H.15 (519).
***20%
down payment required.
† 300 monthly
payments of $58.48 per $10,000 borrowed.
Example of a typical transaction.
|
|
Home Equity Line of Credit |
10 years |
Varies |
Annually |
Based on the Wall Street
Journal Prime Rate (currently 5.00%)
plus .50% Loan to Value must be
80% or less. Rate adjusts annually.
Minimum (floor) rate will be 6.00%.
|
|
|
|
|
|
|
|
|
|
|
