|
Rates subject to change without notice.
Deposit rates effective 2-02-2012
Loan rates effective 2-02-2012
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 |
0.40% |
0.40% |
| $50,000.00 - 84,999.99 |
0.35% |
0.35% |
| $25,000.00 - $49,999.99 |
0.30% |
0.30% |
| $10,000.00 - $24,999.99 |
0.20% |
0.20% |
| $1,000.00 - $9,999.99 |
0.15% |
0.15% |
*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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Statement Savings Rates
| Minimum balance to obtain APY* |
APY* |
Interest Rate |
| All balances |
.10% |
.10% |
*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 |
0.20% |
0.20% |
| $1,000 |
182 day |
0.35% |
0.35% |
| $1,000 |
9 month |
0.50% |
0.50% |
| $1,000 |
12 month |
0.55% |
0.55% |
| $1,000 |
16 month |
0.60% |
0.60% |
| $1,000 |
18 month |
0.65% |
0.65% |
| $1,000 |
24 month |
0.75% |
0.75% |
| $1,000 |
30 month |
0.85% |
0.85% |
| $1,000 |
36 month |
1.00% |
1.00% |
| $1,000 |
42 month |
1.30% |
1.29% |
| $1,000 |
48 month |
1.40% |
1.39% |
| $1,000 |
60 month |
1.75% |
1.73% |
Jumbo CD's
| Minimum balance to obtain APY |
TERM |
APY* |
Interest Rate |
| $100,000 |
1 month |
0.15% |
0.15% |
| $100,000 |
2 month |
0.25% |
0.25% |
| $100,000 |
3 month |
0.25% |
0.25% |
| $100,000 |
6 month |
0.40% |
0.40% |
| $100,000 |
9 month |
0.55% |
0.55% |
| $100,000 |
12 month |
0.60% |
0.60% |
| $100,000 |
18 month |
0.70% |
0.70% |
| $100,000 |
24 month |
0.80% |
0.80% |
| $100,000 |
30 month |
0.90% |
0.90% |
| $100,000 |
36 month |
1.05% |
1.04% |
| $100,000 |
42 month |
1.35% |
1.34% |
| $100,000 |
48 month |
1.45% |
1.44% |
| $100,000 |
60 month |
1.80% |
1.78% |
|
*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 |
4.250% ** |
$29.64 - 36 Months |
37 to 60 months |
4.450% ** |
$18.62 - 60 Months |
61 to 84 months |
4.950% ** |
$14.11 - 84 Months |
85 to 120 months |
4.990% ** |
$10.60 - 120 Months |
121 to 180 months |
5.540% ** |
$8.19 - 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 are rates for new loan requests of $10,000 or more, and are subject to change. Refinance of an existing Merchant Bank loan requires a minimum of $10,000 new money.
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Home Equity Line of Credit Rates
TYPE |
TERM |
APR* |
Home Equity Line of Credit |
Revolving |
3.99% |
*APR = Annual Percentage Rate. The APR disclosed above assumes that monthly payments are automatically deducted from a Merchants Bank deposit account. The 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%.
All Rates and APRs are subject to final credit approval.
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Consumer Installment Loan Rates
AUTOMOBILE
TYPE |
APR * |
MAXIMUM TERM |
MONTHLY PAYMENT PER $1000 |
New |
5.490% |
36 months |
$30.19 |
New |
5.740% |
48 months |
$23.37 |
New |
6.240% |
60 months |
$19.44 |
Used |
See Below |
|
|
| 2010 - 2011 |
6.740% |
48 months |
$23.83 |
| 2010 - 2011 |
6.240% |
36 months |
$30.53 |
| 2008 - 2009 |
9.50% |
36 months |
$32.03 |
| 2006 - 2007 |
10.500% |
24 months |
$46.38 |
| 2005 |
11.000% |
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. Rates vary depending on year of vehicle and term of loan. 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.
All Rates and APRs are subject to final credit approval.
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