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Deposit Rates

Effective 11/21/2016

Savings and Checking Accounts

Type

Minimum Balance for APY*

Minimum Deposit to Open

Interest Rate

APY*

Statement Savings

$50

$50

0.25%

0.25%

Relationship Checking

$1,000

$100

0.10%

0.10%

55+  Relationship Checking

$1,000

$100

0.10%

0.10%

Certificate of Deposit

Type

Minimum Balance for APY*

Minimum Deposit to Open

Interest Rate

APY*

6 Month

$1,000

$1,000

0.30%

0.30%

1 Year

$1,000

$1,000

0.65%

0.65%

14 Month

$500

$500

0.65%

0.65%

18 Month
Bump-Up

$1,000 

$1,000 

1.00%

1.00%

21 Month

$500

$500

0.75%

0.75%

2 Year

$1,000

$1,000

0.90%

0.90%

3 Year

$500

$500

1.00%

1.00%

40 Month
Bump-Up

$1,000

$1,000

1.34%

1.35%

4 Year

$1,000

$1,000

1.49%

1.50%

5 Year

$1,000

$1,000

1.69%

1.70%

Money Market Account

Type

Minimum Balance for APY

Minimum Deposit to Open

Interest Rate

APY*

Money Market Account

$50

$50

0.25%

0.25%

Money Market Account

$2,500

$50

0.25%

0.25%

Money Market Account

$20,000

$50

0.25%

0.25%

Money Market Account

$50,000

$50

0.30%

0.30%

Money Market Account

$100,000

$50

0.40%

0.40%

Money Market Account

$200,000

$50

0.50%

0.50%

IRA Accounts

Type

Minimum Balance to APY*

Minimum Deposit to Open

Interest Rate

APY*

1 Year

$1,000

$1,000

0.65%

0.65%

14 Month

$500

$500

0.65%

0.65%

18 Month
Bump-Up

 $1,000

 $1,000

1.00%

1.00%

21 Month

$500

$500

0.75%

0.75%

2 Year

$1,000

$1,000

0.90%

0.90%

3 Year

$500

$500

1.00%

1.00%

40 Month
Bump Up

 $1,000

$1,000 

1.34%

1.35% 

4 Year

$1,000

$1,000

1.49%

1.50%

5 Year

$1,000

$1,000

1.69%

1.70%

Money Market Account

$50

$50

See above Money Market rates

 
*APY (Annual Percentage Yield) assumes interest remains on deposit until maturity. Minimum daily balance is the amount of principal in the account each day. A substantial penalty will be assessed for early withdrawal. Fees could reduce earnings on your account. For certificates with the Bump Up option, the interest rate and APY may be changed once during the term of the certificate. Rate subject to change. Traditional and Roth IRAs available. Speak to a Customer Service Representative for more information.

Lending Rates

Effective 3/13/2017

Mortgage Rates – Owner Occupied

Term

Rate

APR*

Notes

15 Year Fixed

3.750%

3.774%

0 Points, 95% LTV*

20 Year Fixed

4.125%

4.146%

0 Points, 95% LTV*

30 Year Fixed

4.625%

4.642%

0 Points, 95% LTV*

Maximum loan amount $424,100. Please contact us for amounts greater than $424,100.

 

First Time Home Buyer Program

Term

Rate

APR*

Notes

30 Year Fixed

4.500%

4.517%

0 Points, 95% LTV*

 

*PMI Insurance is required on all mortgage loans over 80% LTV. LTV = Loan to Value Ratio. APR = Annual Percentage Rate. APR is based on a $150,000 loan with 20% down.

Example:  Based on a 15 year fixed rate mortgage of $150,000 loan with a rate of 3.750%, you would make 180 monthly P&I payments of $1,090.83.  This payment does not include escrow for taxes and insurance.

 

Home Equity Loans

First Lien Position

Second Lien Position

Term

Minimum

APR*

Term

Minimum

APR*

5 Years

$10,000

4.125%

5 Years

$10,000

4.625%

7 Years

$15,000

4.250%

7 Years

$15,000

4.740%

10 Years

$20,000

4.500%

10 Years

$20,000

5.000%

15 Years

$30,000

4.750%

15 Years

$30,000

5.250%

20 Years

$40,000

5.250%

20 Years

$40,000

5.500%

25 Years

$50,000

5.750%

25 Years

$50,000

6.000%

*APR means Annual Percentage Rate. Subject to credit approval. Owner occupied with loan to value ratio up to 80%. Maximum loan amount is $500,000. APR based on a $10,000 loan at 4.125% APR with 60 monthly payments of $184.73. Property insurance will be required. Speak to a Loan Officer for more information.

 

Home Equity Line of Credit

(Owner Occupied Only)

  • Variable rate based on Wall Street Journal prime rate – No margin. The maximum APR that can apply is 7.000% above the initial APR. Apart from this “Rate Cap,” there is no limit on the amount by which the rate can change during any one year period.
  • Minimum line amount is $10,000.
  • Maximum line amount is $500,000.
  • Property insurance is required.

For more information on our loan products, please see one of our Loan Officers. Rates and fees are subject to change without notice. All loan products are subject to credit approval. Our primary lending area is Montgomery County.

NMLS#504402