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Fixed Rate Certificate of Deposit & IRA CD Accounts
Rates Effective as of: June 8, 2010
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Term
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Minimum Balance (to Obtain APY)
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Interest Rate
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Annual Percentage Yield APY
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3 Months
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$1,000
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0.30%
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0.30%
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6 Months
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$1,000
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0.40%
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0.40%
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12 Months
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$1,000
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0.75%
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0.75%
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18 Months
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$1,000
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1.00%
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1.00%
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24 Months
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$1,000
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1.25%
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1.25%
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30 Months
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$1,000
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1.30%
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1.31%
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36 Months
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$1,000
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1.40%
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1.40%
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48 Months
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$1,000
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1.75%
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1.76%
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60 Months
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$1,000
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2.00%
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2.02%
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3 Months
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$50,000
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0.35%
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0.35%
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6 Months
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$50,000
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0.45%
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0.45%
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12 Months
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$50,000
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0.80%
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0.80%
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18 Months
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$50,000
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1.05%
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1.05%
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24 Months
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$50,000
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1.30%
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1.31%
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30 Months
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$50,000
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1.35%
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1.36%
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36 Months
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$50,000
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1.45%
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1.46%
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48 Months
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$50,000
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1.80%
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1.81%
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60 Months
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$50,000
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2.05%
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2.07%
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30 Days
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$100,000
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0.30%
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0.30%
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3 Months
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$100,000
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0.40%
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0.40%
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6 Months
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$100,000
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0.50%
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0.50%
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12 Months
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$100,000
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0.85%
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0.85%
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18 Months
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$100,000
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1.10%
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1.10%
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24 Months
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$100,000
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1.35%
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1.36%
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30 Months
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$100,000
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1.40%
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1.41%
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36 Months
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$100,000
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1.50%
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1.51%
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48 Months
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$100,000
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1.85%
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1.86%
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60 Months
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$100,000
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2.10%
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2.12%
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Liquid CD: 12 Month Term
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$5,000
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0.30%
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0.30%
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40 Months Promotion
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$1,000
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2.10%
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2.12%
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IRA CDs can only be opened for a period of 6 months or longer.
All Interest Rates and Annual Percentage Yields are accurate as of the date shown: subject to change without notice. The disclosed Annual Percentage Yield assumes that interest will remain on deposit for one year. Fees or withdrawals of Interest will reduce earnings. There is a substantial penalty for the early withdrawal of a CD.
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Variable Rate Accounts
Rates Effective as of : June 8, 2010
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Variable Rate Interest Bearing Accounts
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Minimum Balance ( to Obtain APY)
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Interest Rate
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Annual Percentage Yield APY *
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Statement Savings1
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Any
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0.50%
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0.50%
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Passbook Savings1
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Any
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0.50%
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0.50%
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Savings IRA 1
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Any
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0.30%
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0.30%
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N.O.W. Account
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Less than $2,500
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0.10%
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0.10%
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N.O.W. Account
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$2,500
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0.15%
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0.15%
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HSA N.O.W.
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Any
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0.30%
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0.30%
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Money Market
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$1,000
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0.25%
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0.25%
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Money Market
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$10,000
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0.50%
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0.50%
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Money Market
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$25,000
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0.50%
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0.50%
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Money Market
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$100,000
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0.75%
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0.75%
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Money Market
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$250,000
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1.00%
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1.00%
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1$100 Minimum Balance is required to open a Savings or IRA Savings account.
*VARIABLE RATE ACCOUNTS: Interest rate and annual percentage yield may change at our discretion. We may change the interest rate on your account every week.
All Interest Rates and Annual Percentage Yields are accurate as of the date shown: subject to change without notice. The disclosed Annual Percentage Yield assumes that interest will remain on deposit for one year. Fees or withdrawals of Interest will reduce earnings. There is a substantial penalty for the early withdrawal of a CD.
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Vehicle Loan Rates
Effective as of: January 30, 2010
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Year
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Term
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Processing Fee
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Rate
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APR*
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Payment*
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2010
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3
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$99
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6.250%
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6.924%
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$305.37
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2010
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4
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$99
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6.750%
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7.256%
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$238.27
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2010
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5
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$99
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7.000%
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7.414%
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$197.99
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Used 2009
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4
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$99
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7.500%
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8.008%
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$241.75
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Used 2008
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3.5
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$99
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8.000%
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8.578%
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$273.73
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Used 2007
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3
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$99
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8.500%
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9.167%
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$315.62
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Used 2006
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2.5
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$99
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9.000%
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9.793%
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$373.42
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Used 2005
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2
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$99
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9.500%
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10.474%
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$459.05
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* (Annual Percentage Rate) APR's and monthly payments are based on a loan amount of $10,000; $99 Processing Fee & $18 collateral insurance fee on all vehicle loans; $5,000 minimum loan amount; 6-month minimum term. Maximum loan-to-value is 90% of the purchase price not including taxes, fees, or costs for new cars and 90% of the trade-in value for used cars.
AUTOMOBILE BUYER'S GUIDES: EDMUNDS
Rates are subject to change at any time.
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Secured Loan (Marketable Securities)Rates
Effective as of: January 30, 2010
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Type
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Loan Amount
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Term
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Processing Fee
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Interest Rate
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APR*
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Payment*
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Secured (Stock)
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$10,000
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3 years
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$99
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6.000% (prime rate floating, 6.00% floor, 19.00% ceiling)
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6.661%
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$304.18
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Secured (C.D./Savings Account)
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$5,000
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3 years
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$99
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6.000%
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7.339%
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$152.09
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*(Annual Percentage Rate) APR's and monthly payment are based on sample loan amounts shown. The APR and monthly payments will change with the Prime Rate. The current Wall Street Journal Prime Rate is 3.25% (effective 07/10/09). Maximum term of 3 years. The loan-to-value requirement will vary depending upon the type and quality of the securities.
Savings and CD secured loans will have a fixed interest rate established at 3.0% above the rate paid on the collateral account as of the loan commitment date subject to a minimum interest rate of 6.00%. Maximum term of 5 years but not to exceed maturity date of CD.
$5,000 minimum loan amount.
Rates are subject to change at any time.
Forest Park National Bank & Trust Co. offers commercial loans, and will consider other secured loans on a case by case basis. Please call a Personal Banker for more information.
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Residential Balloon Mortgage Loans
Effective as of: April 6, 2010
1-4 units only
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Term/Amortization
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Interest Rate
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APR*
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Points
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Payment*
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Owner Occupied 3/15 Balloon
Up to 75% LTV
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5.650%
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5.918%
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0.0%
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$825.07
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Owner Occupied 3/30 Balloon
Up to 75% LTV
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5.750%
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6.018%
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0.0%
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$583.57
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*Annual Percentage Rate
A 3/15 balloon mortgage has monthly principal and interest payments that are calculated based on a 15 year amortization period and one final balloon payment at the end of the 3 year term of all outstanding principal and interest. A 3/30 balloon mortgage has monthly principal and interest payments that are calculated based on a 30 year amortization period and one final balloon payment at the end of the 3 year term of all outstanding principal and interest.
- Conventional (Annual Percentage Rate) APR's and monthly payments are based on a loan amount of $100,000 and a $325 processing fee, and $74 tax monitoring fee. Applicant is responsible for all costs.
- For Jumbo, Investment, and Bridge Loan rates, please speak with a Personal Banker.
- For Commercial loan rates, please speak with our Business Services Manager.
- For specific loan requirements and costs, please speak with a Personal Banker.
Conforming loan limits are:
One Unit $417,000
Two Units $533,850
Three Units $645,300
Four Units $801,950
Add 0.25% for jumbo loans
Rates are subject to change at any time.
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Bracketed Rate Home Equity First Position Loan Promotion With Automatic Payment**
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Outstanding Loan Balance
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Interest Rate
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APR* (5.00% floor rate, 19.00% ceiling rate)
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$49,999.99 and under
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WSJ Prime Rate + 1.00%
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5.00%
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$50,000 - $99,999.99
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WSJ Prime Rate + 0.75%
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5.00%
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$100,000 and above
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WSJ Prime Rate + 0.50%
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5.00%
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*Annual Percentage Rate.
**The rate and APR include a 0.25% discount for automatic loan payments from a Forest Park National Bank checking account for the life of the loan. If no automatic payment is made, the 0.25% discount to the rate and APR does not apply for that billing cycle.
Rates are subject to change at any time.
Bracketed rates are based on the highest prime rate published in the "Money Rates" section of the Wall Street Journal. The current Wall Street Journal Prime Rate is 3.25% (effective 07/10/2009)
An annual fee of $50 applies after the first year. A $350 early termination fee applies to any account closed within 24 months of its opening date. If loan is used to refinance existing FPNB debt, a conversion fee of $300 applies. Closing costs paid by FPNB are limited to appraisal, flood determination, title insurance, tax monitoring and recording fees. Property insurance is required; flood insurance may be required. Offer applies to owner occupied 1-4 family residences only and is subject to credit approval. The maximum CLTV is 75% if total of all liens is less than $500,000. Otherwise, the maximum CLTV is 70%. The APR and monthly payments change with the Prime Rate. The maximum APR is 19%; the minimum APR is 5%. Terms and conditions are subject to change at any time. Consult your tax advisor about the deductability of interest.
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Bracketed Rate Home Equity Second Position Loan Promotion with Automatic Payment**
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Outstanding Loan Balance
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Interest Rate
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APR*(5.00% floor rate, 19.00% ceiling rate)
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$49,999.99 and under
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WSJ Prime Rate + 1.25%
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5.00%
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$50,000.00 - $99,999.99
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WSJ Prime Rate + 1.00%
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5.00%
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$100,000 and above
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WSJ Prime Rate + 0.75%
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5.00%
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*Annual Percentage Rate.
**The rate and APR include a 0.25% discount for automatic loan payments from a Forest Park National Bank checking account for the life of the loan. If no automatic payment is made, the 0.25% discount to the rate and APR does not apply for that billing cycle.
Rates are subject to change at any time.
Bracketed rates are based on the highest prime rate published in the "Money Rates" section of the Wall Street Journal. The current Wall Street Journal Prime Rate is 3.25% (effective 07/10/2009)
An annual fee of $50 applies after the first year. A $350 early termination fee applies to any account closed within 24 months of its opening date. If loan is used to refinance existing FPNB debt, a conversion fee of $300 applies. Closing costs paid by FPNB are limited to appraisal, flood determination, title insurance, tax monitoring and recording fees. Property insurance is required; flood insurance may be required. Offer applies to owner occupied 1-4 family residences only and is subject to credit approval. The maximum CLTV is 75% if total of all liens is less than $500,000. Otherwise, the maximum CLTV is 70%. The APR and monthly payments change with the Prime Rate. The maximum APR is 19%; the minimum APR is 5%. Terms and conditions are subject to change at any time. Consult your tax advisor about the deductability of interest.
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Home Equity Loan (Fixed) Loans Rate
Effective as of: April 6, 2010
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Term
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Interest Rate
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APR*
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Payment*
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36 months
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7.00%
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7.178% ($15,000 loan)
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$134.88
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*Annual Percentage Rate (APR) and monthly payments are based on a $15,000 loan amount, 3 year term, and 15 year amortization; $5,000 minimum loan, $37 tax monitoring fee, three year maximum term, and 15 year maximum amortization apply. A final balloon payment of all remaining principal and interest is due at the end of the 3 year term. The maximum CLTV is 75% if total of all liens is less than $500,000. Otherwise, the maximum CLTV is 70%. Applicant is responsible for all costs.
For loans of $100,000 or less, the the total of the First and Second Mortgages cannot exceed 75% of the appraised value. For loans in excess of $100,000, the total of the First and Second Mortgages cannot exceed 70% of the appraised value.
Rates are subject to change at any time.
Please contact a Personal Banker for more details.
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Mortgage Loan Rates
Effective as of: July 08, 2010
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Term
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Interest Rate
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APR*
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Monthly Principal and Interest Payment
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15-Year
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4.250%
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4.328%
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$1,504.56
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30-Year
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4.625%
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4.681%
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$1,028.28
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*The Annual Percentage Rate (APR) listed above is based on a loan amount of $200,000 with a 0 point fee, 25% down payment and 740 or higher FICO. This is a fixed rate loan for the term listed above and available for a 1 unit owner occupied property. Rates for other scenarios quoted upon request.
Rates are subject to change at any time.
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Equal Housing Lender