Rates

 

Deposit Rates - Effective as of 07/28/10

Products

Balance

Rate

APY*

Compounded

Green Rewards
Qualifying Balance

Non-Qualifying Balance


$0-50,000
$50,000+
$0-50,000


2.515%
0.200%
0.200%


2.55%
0.20%
0.20%


Monthly

Prestige Accounts (55 years +)

$1,000-2,499
$2,500-4,999
$5,000+

0.100%
0.175%
0.200%

0.10%
0.18%
0.20%

Monthly

Money Market Deposit Account

$1,000-2,499
$2,500-19,999
$20,000-49,999
$50,000+

0.100%
0.212%
0.300%
0.300%

0.10%
0.21%
0.30%
0.30%

Monthly

Interest Checking (NOW)

$500

0.100%

0.10%

Monthly

Health Savings Account

$25

0.150%

0.15%

Monthly

Passbook, EDISS, IRA

$100

0.150%

0.15%

Quarterly

Christmas Club

$5.00

0.200%

0.20%

Maturity

Choice Account **

$3,000-9,999
$10,000-49,999
$50,000+

0.200%
0.200%
0.200%

0.20%
0.20%
0.20%

Monthly

Individual Retirement Accounts

(IRA)

$500

CD Rates
Below Apply

Quarterly

Individual Retirement Accounts

(IRA) - Variable

$100

0.647%

0.65%

Quarterly


Fees may reduce earnings. 

The minimum initial deposit amounts apply to the following personal accounts: Green Rewards Checking $25, Prestige Checking and Prestige Plus Checking $500, Interest Checking $25, Health Savings Account $25, Choice Checking $3,000, Money Market Savings $2,500, Passbook Savings  $25, Everyday Interest Statement Savings $25, Christmas Club $5, Individual Retirement Accounts $500, Certificates of Deposit $1,000.  List not inclusive of all accounts.  Ask our Customer Service Representatives for more information.

*APY Annual Percentage Yield. 

**Ask about other options not insured by FDIC.

Rates subject to change without notice.

 

Certificates of Deposit - Effective as of 07/28/10

CD - Length

Balance

Rate

APY*

Compounded

15-179 days

$ 1,000-9,999
$10,000-24,999
$25,000+

0.128%
0.194%
0.262%

0.13%
0.19%0.26%

Maturity

6-11 months

$1,000-9,999
$10,000-24,999
$25,000+

0.223%
0.298%
0.365%

0.22%
0.30%
0.37%

Maturity

12-23 months

$1,000-9,999
$10,000-24,999
$25,000+

0.544%
0.613%
0.686%

0.55%
0.61%
0.69%

Quarterly

24-35 months

$1,000-9,999
$10,000-24,999
$25,000+

0.951%
1.024%
1.099%

0.95%
1.03%
1.10%

Quarterly

36-47 months

$1,000-9,999
$10,000-24,999
$25,000+

1.077%
1.146%
1.213%

1.08%
1.15%
1.22%

Quarterly

48-59 months

$1,000-9,999
$10,000-24,999
$25,000+

1.214%1.287%
1.356%

1.22%
1.29%
1.36%

Quarterly

60 months

$1,000-9,999
$10,000-24,999
$25,000+

1.512%
1.586%
1.654%

1.52%
1.60%
1.66%

Quarterly

Please ask about rates for Certificates of $100,000 or more

Substantial Penalty for early withdrawal of CD or IRA funds.

The minimum initial deposit amounts for Certificates of Deposit is $1,000.  List not inclusive of all accounts.  Ask our Customer Service Representatives for more information.             

*APY Annual Percentage Yield.

Rates subject to change without notice. 

 

 

Residential Mortgage Rates Effective as of 7/30/10

Product

Rate

APR

Points

30 yr. Fixed

4.375%

4.441%

0%

20 yr. Fixed

4.250%

4.340%

0%

15 yr. Fixed

3.875%

3.989%

0%

10 yr. Fixed

3.875%

3.986%

0%

MSHDA

5.125%

5.829%

1%

Construction Loan

5.000%

13.586%

1%

We also offer MSHDA and Rural Development Loans. Contact the Retail Lending Department for more details. Interest rate on construction only loans will float at prime + 0 and be for a six month term. The end loan rate and term may be locked within 30 days of completion of construction. The Annual Percentage Rate (APR) includes: 30 days prepaid interest, closing fee, flood certification, 0.25% market condition fee, courier fees, credit report disclosure, application fee, points listed for each interest rate and all other applicable fees. APR assumes loan amount of $100,000 on all loans except Jumbos which assume $417,000.00 loan. Ask us about our Green loan rates.  All rates subject to change.

Home Equity Credit Line -Fixed

   Fixed Rate

Term

Rate

APR

$10,000 - $49,999

5 Yr.

6.25%

6.25%

$50,000 - greater

5 Yr.

6.00%

6.00%

Example: A loan of $10,000 at a fixed rate of 6.25% for 5 years would have an estimated monthly payment of $100.51. This is 1% of the outstanding balance. Other fees may apply. Discounts are not available on the Fixed Home Equity Credit Line Loan. Ask about our Green loan rates. All rates subject to change.

Home Equity Credit Line -Variable

Variable Rate

Term

Rate

APR

$10,000 - $49,999

5 Yr.

Prime + 1/2%

4.25%

$50,000 - greater

5 Yr.

Prime

4.25%

Example: A loan of $10,000 at Prime + ½% margin for 5 years would have an estimated monthly payment of $100.35. This is 1% of the outstanding balance. Prime is currently 3.25%, and we have a floor of 4.25%. Other fees may apply. Ask us about our Green loan rates.  All rates subject to change.

Vacant Land - Variable Rate - Interest Only Payment

Down Payment

Term

Rate

APR

50% Down Payment

60

Prime + 1.0%

5.124%

Example: A loan of $20,000.00 at Prime + 1% for 60 months with a $100.00 fee would have an estimated monthly interest payment only of $77.24. Prime is currently 3.25%, and we have a floor of 5.00%. Other fees may apply. All rates subject to change.

New & Used Auto Loans

Model Year of Auto

Term

Rate

APR

2009-2010

72

6.950%

7.301%

2008

60

7.125%

7.548%

2007

54

7.125%

7.591%

Example: A loan for $10,000 at 7.125% on a 2005 vehicle for 60 months with a $100.00 fee would have an estimated monthly payment of $200.61. Other fees may apply. Ask us about our Green loan rates.  All rates subject to change.

Large RV’s & Watercraft (marine/trailers/campers)

Product

Term

Rate

APR

New

180

8.375%

8.459%

Example: A loan for $20,000.00 at 8.375% for 180 months with a $100.00 fee would have an estimated monthly payment of $196.45. Other fees may apply. All rates subject to change.

Small RV’S (snowmobile, personal watercraft, motorcycle, lawn & garden)

Product

Term

Rate

APR

New

60

8.250%

9.098%

Example: A loan for $5,000.00 at 8.25% for 60 months with a $100.00 fee would have an estimated monthly payment of $104.03. Other fees may apply. All rates subject to change.

Main Office: 83 W. Nepessing St. • P.O. Box 250 Lapeer, MI 48446