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Rates subject to change without notice.
Deposit rates effective 09-02-2010
Loan rates effective 09-02-2010
Super NOW Account 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.
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49Plus Checking Tiered Interest Rates
| Minimum balance to obtain APY* |
APY* |
Interest Rate |
| Below $1000.00 |
.00% |
.00% |
| $1000.00 - $9999.99 |
.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.
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Super Money Market Tiered Interest Rates
| Minimum balance to obtain APY* |
APY* |
RATE |
| $85,000.00 OR MORE |
0.80% |
0.80% |
| $50,000.00 - 84,999.99 |
0.70% |
0.70% |
| $25,000.00 - $49,999.99 |
0.60% |
0.60% |
| $10,000.00 - $24,999.99 |
0.40% |
0.40% |
| $1,000.00 - $9,999.99 |
0.20% |
0.20% |
*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.
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Statement Savings Rates
| Minimum balance to obtain APY* |
APY* |
Interest Rate |
| All balances |
.15% |
.15% |
*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.
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Certificates of Deposit Rates
| Regular CD's
| Minimum balance to obtain APY* |
TERM |
APY* |
Interest Rate |
| $1,000 |
91 day |
0.40% |
0.40% |
| $1,000 |
182 day |
0.50% |
0.50% |
| $1,000 |
9 month |
0.75% |
0.75% |
| $1,000 |
12 month |
0.80% |
0.80% |
| $1,000 |
16 month |
1.05% |
1.04% |
| $1,000 |
18 month |
1.10% |
1.09% |
| $1,000 |
24 month |
1.25% |
1.24% |
| $1,000 |
30 month |
1.75% |
1.73% |
| $1,000 |
36 month |
1.60% |
1.59% |
| $1,000 |
42 month |
2.00% |
1.98% |
| $1,000 |
48 month |
2.10% |
2.08% |
| $1,000 |
60 month |
2.60% |
2.57% |
Jumbo CD's
| Minimum balance to obtain APY |
TERM |
APY* |
Interest Rate |
| $100,000 |
1 month |
0.35% |
0.35% |
| $100,000 |
2 month |
0.35% |
0.35% |
| $100,000 |
3 month |
0.50% |
0.50% |
| $100,000 |
6 month |
0.60% |
0.60% |
| $100,000 |
9 month |
0.85% |
0.85% |
| $100,000 |
12 month |
0.90% |
0.90% |
| $100,000 |
18 month |
1.20% |
1.19% |
| $100,000 |
24 month |
1.35% |
1.34% |
| $100,000 |
30 month |
1.85% |
1.83% |
| $100,000 |
36 month |
1.70% |
1.69% |
| $100,000 |
42 month |
2.10% |
2.08% |
| $100,000 |
48 month |
2.20% |
2.18% |
| $100,000 |
60 month |
2.70% |
2.66 % |
|
*Annual Percentage Yield
Rates subject to change without notice. See above for effective date of rates.
A penalty may be imposed for early withdrawal.
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Home Equity Loan Rates
TERM |
APR * |
MONTHLY PAYMENT PER $1000 |
12 to 36 months |
4.990% ** |
$29.97 - 36 Months |
37 to 60 months |
5.240% ** |
$18.99 - 60 Months |
61 to 84 months |
5.750% ** |
$14.49 - 84 Months |
85 to 120 months |
6.250% |
$11.23 - 120 Months |
121 to 180 months |
6.750% |
$8.85 - 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 subject to change without notice. See above for effective date of rates.
**These rates are promotional rates and are subject to change. These rates are for loan requests of $10,000.00 or more.
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Home Equity Line of Credit Rates
TYPE |
TERM |
APR* |
Home Equity Line of Credit |
Revolving |
3.99% |
This is a promotional APR of 3.99% assuming automatic payment from a Merchants Bank deposit account. The promotional APR without automatic payment will be 4.00%. The APR is based on the Prime Rate as published in the Wall Street Journal +.50% with automatic payment or +.75% without automatic deduction, may vary monthly, not to fall below 3.99% and will not exceed the maximum of 18%.
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Consumer Installment Loan Rates
AUTOMOBILE
TYPE |
APR * |
MAXIMUM TERM |
MONTHLY PAYMENT PER $1000 |
New |
6.500% |
36 months |
$30.65 |
New |
6.750% |
48 months |
$23.83 |
New |
7.250% |
60 months |
$19.92 |
Used |
See Below |
|
|
| 1 to 2 years old |
7.99% |
48 months |
$24.41 |
| 3 to 4 years old |
9.50% |
36 months |
$32.03 |
| 5 to 6 years old |
10.500% |
24 months |
$46.38 |
| 7 years old |
11.000% |
18 months |
$60.52 |
*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.
Recreational Vehicles/RV's
TYPE |
APR* |
MAXIMUM TERM |
MONTHLY PAYMENT PER $1000 |
New |
8.000% |
60 months |
$20.28 |
New |
9.000% |
84 months |
$16.09 |
Used |
10.750% |
60 months |
$21.62 |
*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 subject to change without notice. See above for effective date of 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.
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