|
Rates subject to change without notice.
Deposit rates effective 11-27-2008 to 12-03-2008
Loan rates effective 6-2-08
Super NOW Account Tiered Interest Rates
| Minimum balance to obtain APY* |
APY* |
Interest Rate |
| Below $1000.00 |
.00% |
.00% |
| $1000.00 - $9,999.99 |
.15% |
.15% |
| $10,000 - $49,999.99 |
.20% |
.20% |
| $50,000 or more |
.25% |
.25% |
*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 |
.15% |
.15% |
| $10,000 - $49,999.99 |
.20% |
.20% |
| $50,000 or more |
.25% |
.25% |
*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 |
| $0.00 - $999.99 |
0.00% |
0.00% |
| $1000.00 - $9,999.99 |
0.75% |
0.75% |
| $10,000.00 - $24,999.99 |
1.25% |
1.24% |
| $25,000.00 - $49,999.99 |
1.50% |
1.49% |
| $50,000.00 - $84,999.99 |
1.75% |
1.74% |
| $85,000.00 or more |
1.85% |
1.83% |
*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 |
.50% |
.50% |
*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 |
1.80% |
1.78% |
| $1,000 |
182 day |
2.25% |
2.23% |
| $1,000 |
9 month |
2.50% |
2.47% |
| $1,000 |
10 month |
3.35% |
3.30% |
| $1,000 |
12 month |
2.90% |
2.86% |
| $1000 |
16 month |
3.90% |
3.83% |
| $1,000 |
18 month |
3.00% |
2.96% |
| $1,000 |
24 month |
3.15% |
3.10% |
| $1,000 |
30 month |
3.25% |
3.20% |
| $1,000 |
36 month |
3.50% |
3.44% |
| $1,000 |
42 month |
3.60% |
3.54% |
| $1,000 |
48 month |
3.75% |
3.68% |
| $1,000 |
60 month |
3.90% |
3.83% |
Jumbo CD's
| Minimum balance to obtain APY |
TERM |
APY* |
Interest Rate |
| $100,000 |
1 month |
1.50% |
1.49% |
| $100,000 |
2 month |
1.75% |
1.73% |
| $100,000 |
3 month |
1.90% |
1.88% |
| $100,000 |
6 month |
2.35% |
2.32% |
| $100,000 |
9 month |
2.60% |
2.57% |
| $100,000 |
12 month |
3.00% |
2.96% |
| $100,000 |
18 month |
3.10% |
3.05% |
| $100,000 |
24 month |
3.25% |
3.20% |
| $100,000 |
30 month |
3.35% |
3.30% |
| $100,000 |
36 month |
3.60% |
3.54% |
| $100,000 |
42 month |
3.70% |
3.63% |
| $100,000 |
48 month |
3.75% |
3.68% |
| $100,000 |
60 month |
4.00% |
3.92% |
|
** rolls into an 18 month
*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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Consumer Installment Loan Rates
PERSONAL
| TYPE |
APR* |
TERM |
MONTHLY PAYMENT PER $1000 |
Unsecured |
11.00% |
through 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 0.50% 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.
AUTOMOBILE
TYPE |
APR * |
TERM |
MONTHLY PAYMENT PER $1000 |
New |
7.00% |
36 months |
$30.88 |
New |
7.00% |
48 months |
$23.95 |
New |
7.50% |
60 months |
$20.04 |
Used |
See Below |
|
|
| 2006-2007 |
8.00%
|
48 months |
$24.41 |
| 2004-2005 |
10.00% |
36 months |
$32.27 |
| 2002-2003 |
10.50% |
24 months |
$46.38 |
| 2001 |
11.00% |
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 0.50% 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* |
TERM |
MONTHLY PAYMENT PER $1000 |
New |
8.00% |
60 months |
$20.28 |
New |
9.00% |
84 months |
$16.09 |
Used |
10.75% |
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 0.50% higher than above. Rates subject to change without notice. See above for effective date of rates.
CERTIFICATE OF DEPOSIT SECURED
| Type |
APR |
Deposit account
|
3.00% + Deposit rate*** |
*** Minimum APR will be 5.00%
*APR = Annual Percentage Rate.
Rates subject to change without notice. See above for effective date of rates.
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Home Equity Loan Rates
TERM |
APR * |
MONTHLY PAYMENT PER $1000 |
12 to 36 months |
6.25%* |
$30.19 - 36 Months |
37 to 60 months |
6.375%*~ |
$19.10 - 60 Months |
61 to 84 months |
6.5%*~ |
$14.73 - 84 Months |
85 to 120 months |
6.625%* |
$11.42- 120 Months |
121 to 180 months |
7.000%* |
$8.99 - 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 0.50% 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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