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Rates

 

Deposit rates effective 8-8-2016 Loan rates effective  8-8-2016

Rates subject to change without notice.

 

 

49 Plus, Interest and Relationship Checking Tiered Interest Rates

 

Minimum balance to obtain APY* APY* Interest Rate
Below $1000.00 .00% .00%
$1000.00 - $9,999.99 .05% .05%
$10,000 - $49,999.99 .05% .05%
$50,000 or more .05% .05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account

Business Interest Checking

 

Minimum balance to obtain APY* APY* Interest Rate
$1,000 or more 0.05% 0.05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Super Money Market Tiered Interest Rates

 

Minimum balance to obtain APY* APY* Interest Rate
$85,000.00 OR MORE 0.25% 0.25%
$50,000.00 - 84,999.99 0.20% 0.20%
$25,000.00 - $49,999.99 0.15% 0.15%
$10,000.00 - $24,999.99 0.10% 0.10%
$1,000.00 - $9,999.99 0.08% 0.08%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Statement Savings and Club Rates

 

Minimum balance to obtain APY* APY* Interest Rate
All balances .05% .05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Certificates of Deposit Rates - Regular CDs

 

Minimum balance to obtain APY* TERM APY* Interest Rate
$1,000 3 months 0.15% 0.15%
$1,000 6 months 0.15% 0.15%
$1,000 9 month 0.20% 0.20%
$1,000 12 month 0.25% 0.25%
$1,000 18 month 0.30% 0.30%
$1,000 24 month 0.90% 0.90%
$1,000 30 month 0.40% 0.40%
$1,000 36 month 0.50% 0.50%
$1,000 48 month 0.75% 0.75%
$1,000 60 month 1.50% 1.49%


*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates.

A penalty may be imposed for withdrawals made or closing the account  prior to maturity.

Certificates of Deposit Rates - Jumbo CDs

 

Minimum balance to obtain APY* TERM APY* Interest Rate
$100,000 1 month 0.10% 0.10%
$100,000 2 month 0.15% 0.15%
$100,000 3 month 0.20% 0.20%
$100,000 6 month 0.20% 0.20%
$100,000 9 month 0.25% 0.25%
$100,000 12 month 0.30% 0.30%
$100,000 18 month 0.35% 0.35%
$100,000 24 month 0.95% 0.95%
$100,000 30 month 0.45% 0.45%
$100,000 36 month 0.55% 0.55%
$100,000 48 month 0.80% 0.80%
$100,000 60 month 1.55% 1.54%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates.

A penalty may be imposed for withdrawals made or closing the account  prior to maturity.

Residential Mortgage Rates

 

Merchants Bank offers a variety of mortgage terms to fit every need. Because mortgage rates and terms are continuously changing, contact one of our Mortgage Loan Officers to learn more about our current great rates and programs. Evening and weekend appointments available upon request.

 

Michael G. Boulos

AVP/Mortgage Loan Officer

(cell) 610-509-4577

(office) 610-253-5117

mboulos@merchantsbangor.com

Joe Attinello

AVP/Mortgage Loan Officer

(cell) 484-239-1743

(office) 484-548-6119

jattinello@merchantsbangor.com

Home Equity Loan Rates***

 

TERM

APR *

MONTHLY PAYMENT PER $1000

36 to 60 months

2.99%

$17.97 - 60 Months

61 to 120 months

3.49%

$9.89 - 120 Months

121 to 180 months 1st Lien

3.99%

$7.39 - 180 Months
121 to 180 months 2nd Lien 4.49% $7.65 - 180 Months

 

*APR = Annual Percentage Rate. APRs disclosed above assume that monthly payments are automatically deducted from a Merchants Bank deposit account. If payments are not or can not be deducted from such a deposit account, the APR will be 0.25% higher than above.

 

** Rates vary depending on year of vehicle and term of loan.

 

**** HEL rates listed above are for 1-2 unit, owner-occupied residential properties. Owner-occupied, 3-4 unit properties will carry a 1.0% premium rate.

 

* $10,000.00 new money requirement. Other rates may apply.

Home Equity Line of Credit Rates

 

TYPE

TERM

APR*

Home Equity Line of Credit

Revolving

3.50%

 

Minimum $10,000.00

 

1.74% Intro APR [12 Month Introductory Rate. After 12 Months, Prime + 0%. (With auto-deduct from Merchants Bank deposit account]

 

* The product is a variable rate line of credit secured by the primary residence and not exceeding 80% loan to value ratio. Loan is subject to credit approval and property insurance is required. The advertised 1.74% Annual Percentage Rate (APR) applies to new lines of credit for a minimum of $10,000.00 and an automatic deduction of payments from a Merchants Bank deposit account. APR may increase if automatic payment is discontinued. An additional .25% will be charged without automatic deduction from a Merchants Bank deposit account.

 

** After the expiration of the 12 month introductory rate period, the APR will be based on the Wall Street Journal Prime rate. APR may increase if automatic payment is discontinued. An additional .25% will be charged without automatic deduction from a Merchants Bank deposit account. After the initial discount period is completed, your Annual Percentage Rated cannot be less than 3.50% APR or more than 18.00% APR. Rate and terms are subject to change at any time without notice. APR effective as of April 15, 2016.

 

No Closing Costs for loans up to $250,000.00. [under both HELOC and HE Fixed Rate]

 

All Rates and APRs are subject to final credit approval.

Consumer Installment Loan Rates - Automobile

 

TYPE

APR *

MAXIMUM TERM

MONTHLY PAYMENT PER $1000

New

3.75%

48 months

$22.47

New

3.75%

60 months

$18.30

Used

See Below

   
2014 - 2015

4.75%

48 months $22.92
2014 - 2015

4.25%

36 months $29.64
2012 - 2013 5.25% 36 months $30.08
2010 - 2011 7.25% 24 months $44.89

 

*APR = Annual Percentage Rate. APRs disclosed above assume that monthly payments are automatically deducted from a Merchants Bank deposit account. If payments are not or can not be deducted from such a deposit account, the APR will be 0.25% higher than above. Rates vary depending on year of vehicle and term of loan. Rates subject to change without notice. See above for effective date of rates.

Consumer Installment Loan Rates - Personal

 

TYPE

APR *

MAXIMUM TERM

MONTHLY PAYMENT PER $1000

Unsecured 11.00% 24 Months $46.61

 

*APR = Annual Percentage Rate. APRs disclosed above assume that monthly payments are automatically deducted from a Merchants Bank deposit account. If payments are not or can not be deducted from such a deposit account, the APR will be 0.25% higher than above. Maximum loan amount is $5,000.00. Rates subject to change without notice. See above for effective date of rates. Rates will vary based on credit score and credit application.

 

All Rates and APRs are subject to final credit approval.