Rates
Deposit rates effective 1-3-2017 Loan rates effective 1-3-2017
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 | 0.40% | 0.40% |
| $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 | 1.25% | 1.24% |
*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 | 0.45% | 0.45% |
| $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 | 1.30% | 1.29% |
*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 VP/Mortgage Loan Officer (cell) 610-509-4577 (office) 610-253-5117 |
Joseph Attinello VP/Mortgage Loan Officer (cell) 484-239-1743 (office) 484-548-6119 |
Home Equity Loan Rates***
TERM |
APR |
MONTHLY PAYMENT PER $1000 |
12 to 60 months |
3.49% |
$18.19 - 60 Months |
61 to 120 months |
3.99% |
$10.12 - 120 Months |
121 to 180 months 1st Lien |
4.49% |
$7.64 - 180 Months |
| 121 to 180 months 2nd Lien | 4.99% | $7.90 - 180 Months |
APR = Annual Percentage Rate. Minimum term is 12 months. Rate subject to change. Loan is subject to credit approval and property insurance is required. The minimum loan amount is $10,000 secured by primary residence and not exceeding 80% loan-to-value ratio. Appraisal fees may apply, if required.
*** Home Equity Term Loan rates listed above are for 1-2 unit, owner-occupied residential properties. Owner-occupied, 3-4 unit properties will carry a 1.0% premium in rate.
Home Equity Line of Credit Rates
TERM |
APR |
Revolving Line |
4.25% |
APR is based on the current prime rate, 4.00% effective 4/19/17, plus .25%.
APR (Annual Percentage Rate) is based on the Prime Rate as published in the Wall Street Journal plus .25%.
Rate may vary monthly. Rate will not fall below 4.00% or exceed the maximum of 18.00%.
Click to learn more about the flexibility of a Home Equity Line of Credit
Consumer Installment Loan Rates - Automobile
| TYPE | APR |
TERM |
MONTHLY PAYMENT PER $1000 |
New |
3.99% |
48 months |
$22.57 |
New |
3.99% |
60 months |
$18.41 |
Used |
See Below |
||
| 2015 - 2016 | 4.49% |
36 months | $29.74 |
| 2015 - 2016 | 4.99% |
48 months | $23.02 |
| 2013 - 2014 | 5.49% | 36 months | $30.19 |
| 2011 - 2012 | 7.49% | 24 months | $45.00 |
Consumer Installment Loan Rates - Personal
| TYPE | APR |
TERM |
MONTHLY PAYMENT PER $1000 |
| Unsecured* | 11.00% | 24 Months | $46.61 |
Loan amount of $5000.
All Rates and APRs are subject to final credit approval.