Our Rates
Effective as of 10/03/08
DEPOSIT RATES
SAVINGS AND CHECKING RATES
|
| Type |
Minimum Balance for APY* |
Minimum Deposit to Open |
Interest Rate |
APY* |
| Passbook |
$50.00 |
$50.00 |
0.75% |
0.75% |
| Statement Savings |
$50.00 |
$50.00 |
1.00% |
1.00% |
| Checking |
$100.00 |
$100.00 |
0.25% |
0.25% |
CERTIFICATE OF DEPOSIT
|
| Type |
Minimum Balance for APY* |
Minimum Deposit to Open |
Interest Rate |
APY* |
| 6 Month |
$1,000.00 |
$1,000.00 |
2.48% |
2.50% |
| 1 Year |
$1,000.00 |
$1,000.00 |
3.46% |
3.51% |
| 14 Month |
$500.00 |
$500.00 |
3.70% |
3.75% |
| 21 Month |
$500.00 |
$500.00 |
2.82% |
2.85% |
| 2 Year |
$1,000.00 |
$1,000.00 |
2.97% |
3.00% |
| 3 Year |
$500.00 |
$500.00 |
3.70% |
3.75% |
| 4 Year |
$1,000.00 |
$1,000.00 |
3.70% |
3.75% |
| 5 Year |
$1,000.00 |
$1,000.00 |
3.70% |
3.75% |
MONEY MARKET ACCOUNT
|
| Type |
Minimum Balance for APY* |
Minimum Deposit to Open |
Interest Rate |
APY* |
| Money Market Account |
$50.00 |
$50.00 |
0.25% |
0.25% |
| Money Market Account |
$2,500.00 |
$50.00 |
0.60% |
0.60% |
| Money Market Account |
$20,000.00 |
$50.00 |
0.85% |
0.85% |
| Money Market Account |
$50,000.00 |
$50.00 |
1.24% |
1.25% |
| Money Market Account |
$100,000.00 |
$50.00 |
2.91% |
2.95% |
| Money Market Account |
$200,000.00 |
$50.00 |
3.06% |
3.10% |
IRA ACCOUNTS
|
| Type |
Minimum Balance for APY* |
Minimum Deposit to Open |
Interest Rate |
APY* |
| 1 Year |
$1,000.00 |
$1,000.00 |
3.46% |
3.51% |
| 14 Month |
$500.00 |
$500.00 |
3.70% |
3.75% |
| 21 Month |
$500.00 |
$500.00 |
2.82% |
2.85% |
| 2 Year |
$1,000.00 |
$1,000.00 |
2.97% |
3.00% |
| 3 Year |
$500.00 |
$500.00 |
3.70% |
3.75% |
| 4 Year |
$1,000.00 |
$1,000.00 |
3.70% |
3.75% |
| 5 Year |
$1,000.00 |
$1,000.00 |
3.70% |
3.75% |
| Money Market Account |
$50.00 |
$50.00 |
see above money market fund rates |
|
| Annual percentage yield (APY) assumes interest remains on deposit in order to compound A substantial penalty will be assessed for early withdraw Rates are subject to change daily without prior notice Fees could reduce the earnings on your account IRA types: Traditional and Roth |
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MORTGAGE RATES
|
| Owner Occupied |
Rate |
APR |
Notes |
| 10 Year Fixed |
N/A |
N/A |
N/A |
| 15 Year Fixed |
5.875% |
5.914% |
0 Points 95% LTV* |
| 30 Year Fixed |
6.125% |
6.149% |
0 Points 95% LTV* |
| Maximum loan amount $500,000. |
|
| First Time Home Buyer Program |
Rate |
APR |
Notes |
| 30 Year Fixed |
6.000% |
6.040% |
0 Points 95% LTV* |
| Maximum Sale Price $300,000. Maximum Household income $75,000. |
|
| Jumbo Loan Owner Occupied |
Rate |
APR |
Notes |
| 10 Year Fixed |
N/A |
N/A |
N/A |
| 15 Year Fixed |
6.000% |
6.040% |
0 Points 95% LTV* |
| 30 Year Fixed |
6.250% |
6.275% |
0 Points 95% LTV* |
Loan amount over $500,000.
Example - Based on a fixed rate mortgage loan of $150,000 for a term of 15 years at a rate of 5.875%, you would make 180 monthly principle and interest payments of $1,255.68. This payment amount does not include escrow for real estate taxes and insurances.
LTV = Loan to Value Ratio APR = Annual Percentage Rate*PMI insurance is required on all mortgage loans over 80% LTV. Other rates and terms are available. APR is based on a $150,000 loan with 20% down. |
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CONSUMER RATES
HOME EQUITY LOANS
|
| Term |
Minimum |
APR |
| Up to 5 Years |
$5,000.00 minimum |
5.490% |
| Up to 7 Years |
$10,000.00 minimum |
5.990% |
| Up to 10 Years |
$10,000.00 minimum |
6.240% |
| Up to 15 Years |
$20,000.00 minimum |
6.375% |
| Up to 20 Years |
$25,000.00 minimum |
6.625% |
| Up to 25 Years |
$50,000.00 minimum |
7.125% |
| Up to 30 Years |
$50,000.00 minimum |
7.375% |
The maximum loan amount will be 80% of value less any mortgage balance.
Example - Based on a fixed rate Home Equity Loan of $5,000 for a term of 5 years at a rate of 5.490%, you would make 60 monthly principle and interest payments of $95.48. This payment amount does not include escrow for real estate taxes and insurances. |
HOME EQUITY LINE OF CREDIT
|
| (Owner Occupied Only) |
|
|
| Variable rate based on prime rate - No marginThe maximum APR that can apply is 7.000% above the initial APR. Apart from this "Rate Cap", there is no limit on the amount by which the rate can change during any one-year periodProperty insurance requiredApplication Fee: $100.00 (Covers property and judgment search & recording fee) |
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COMMERCIAL RATES
COMMERCIAL
|
| Term |
Rate |
Notes |
| 5 Year Balloons, 15 year Fixed |
Determined by |
All business entities are |
| Monthly, 1yr, 3yr, 5yr Adj- |
Review of Financial |
classified as commercial |
| Max. Term: 30yrs. |
Statements |
borrowers even on 1-4 family properties |
|
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Our rates & fees are subject to change without prior notice. Our primary lending area is Montgomery County.  
Thank you for your Loyalty, Trust and Business! |
