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Deposit Account Rates
Effective as of: October 10, 2008
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Account
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Min. Opening Deposit
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Min. Bal. to Maintain
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Interest Rate
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APY*
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Statement Savings**
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$100
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$250
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0.65%
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0.65%
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Passbook Savings**
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$100
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$250
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0.65%
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0.65%
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Savings IRA***
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$100
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-
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1.40%
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1.41%
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NOW Account¹
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$100
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$1,000
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0.25%
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0.25%
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NOW Account¹
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$2,500
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$1,000
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0.40%
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0.40%
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Money Market²
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$1,000
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$1,000
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0.30%
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0.30%
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Money Market²
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$10,000
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$1,000
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1.00%
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1.00%
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Money Market²
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$25,000
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$1,000
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1.35%
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1.36%
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Money Market²
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$100,000
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$1,000
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2.00%
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2.02%
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Money Market²
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$250,000
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$1,000
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2.55%
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2.58%
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*Annual Percentage Yield (Fees could reduce the earnings on the account.)
**Minimum balance is $250 average daily balance. Interest is compounded quarterly based on the daily balance method and is paid on the last day of each quarter.
***Interest will be paid on the last day of the quarter. Interest rates offered on this account are subject to change weekly. Interest is compounded quarterly based on the daily balance method.
¹There will be a $10 service charge if the average daily balance is not maintained. Interest rates offered on this account are subject to change weekly. Interest is compounded monthly based on the daily balance method.
²There will be a $10 service charge if the average daily balance is less than $1,000. Debits must be for $100 or more. Interest rates offered on this account are subject to change weekly. Interest is compounded quarterly based on the daily balance method.
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Certificates of Deposit Rates
Effective as of: October 10, 2008
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Term
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Minimum Balance
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Interest Rate
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APY*
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3 Months
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$1,000
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1.40%
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1.41%
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6 Months**
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$1,000
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1.85%
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1.86%
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5 Months (Promotion)**#
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$1,000
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2.97%
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3.00%
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12 Months**
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$1,000
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2.40%
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2.42%
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18 Months**
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$1,000
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2.40%
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2.42%
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24 Months**
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$1,000
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2.45%
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2.47%
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30 Months**
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$1,000
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2.50%
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2.52%
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36 Months**
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$1,000
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2.55%
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2.57%
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48 Months**
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$1,000
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2.55%
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2.57%
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60 Months**
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$1,000
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2.85%
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2.88%
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Liquid CD***
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$5,000
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1.40%
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1.41%
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3 Months
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$50,000
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1.45%
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1.46%
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6 Months**
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$50,000
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1.90%
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1.91%
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5 Months (Promotion)**#
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$50,000
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2.97%
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3.00%
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12 Months**
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$50,000
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2.45%
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2.47%
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18 Months**
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$50,000
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2.45%
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2.47%
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24 Months**
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$50,000
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2.50%
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2.52%
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30 Months**
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$50,000
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2.55%
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2.57%
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36 Months**
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$50,000
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2.60%
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2.63%
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48 Months**
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$50,000
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2.60%
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2.63%
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60 Months**
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$50,000
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2.90%
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2.93%
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30 Days
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$100,000
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1.50%
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1.51%
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3 Months
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$100,000
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1.50%
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1.51%
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6 Months**
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$100,000
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1.95%
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1.96%
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5 Months (Promotion)**#
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$100,000
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2.97%
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3.00%
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12 Months**
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$100,000
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2.50%
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2.52%
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18 Months**
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$100,000
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2.50%
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2.52%
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24 Months**
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$100,000
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2.55%
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2.57%
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30 Months**
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$100,000
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2.60%
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2.63%
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36 Months**
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$100,000
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2.65%
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2.68%
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48 Months**
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$100,000
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2.65%
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2.68%
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60 Months**
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$100,000
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2.95%
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2.98%
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*Annual Percentage Yield (Fees could reduce the earnings on the account.)
**IRA CDs can only be opened for a period of 5 months or longer.
***(Min balance of $5,000; 2 withdrawals; 12 mo term)
NOTES: Certificates with terms one year or longer earn Interest quarterly. APY (Annual Percentage Yield) is based on interest left in the account for one year. There is a substantial penalty for early withdrawal.
#Promotional certificates are for new money only.
Interest for your account will be paid at maturity.
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Earnings Credit on Business Checking
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Earnings Credit Rate
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1.50%
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Rate is subject to change at any time.
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HEALTH SAVINGS ACCOUNTS
Effective as of: October 10, 2008
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Interest Rate 1.40%
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APY 1.41%
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Rates are subject to change at any time.
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Vehicle Loan Rates
Effective as of: November 15, 2008
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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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2008/2009
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3
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$99
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6.500%
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7.162%
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$306.45
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2008/2009
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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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2008/2009
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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 2007
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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 2006
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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 2005
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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 2004
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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 2003
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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
AUTOMOBILE BUYER'S GUIDES: EDMUNDS
Vehicle loan APR's reflect interest rates for customers who have their monthly payment debited from a Forest Park National Bank deposit account. Customers without the direct debit will be charged a 25 basis (0.25%) point premium.
Rates are subject to change at any time.
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Secured Loan Rates
Effective as of: November 15, 2008
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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 up to 10 year amortization
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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 up to 10 year amortization
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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 4.00% (effective 10/29/08).
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%.
$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 Mortgate Loans
Effective as of: November 15, 2008
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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7.000%
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7.267%
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0.0%
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$898.83
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Owner Occupied 3/30 Balloon
Up to 75% LTV
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7.250%
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7.517%
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0.0%
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$682.18
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Non-Owner Occupied 3/15 Balloon
Up to 75% LTV
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8.000%
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8.268%
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0.0%
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$955.65
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Non-Owner Occupied 3/30 Balloon
Up to 75% LTV
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8.250%
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8.519%
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0.0%
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$751.27
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*Annual Percentage Rate
- Conventional (Annual Percentage Rate) APR's and monthly payments are based on a loan amount of $100,000 and a $325 processing fee, and $69 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 - .25%
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5.00%
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$50,000 - $99,999.99
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WSJ Prime Rate - .50%
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5.00%
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$100,000 and above
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WSJ Prime Rate - 1.00%
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5.00%
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WSJ Prime, Floating Monthly
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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 5.00% (effective 4/30/2008)
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 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
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5.00%
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$50,000.00 - $99,999.99
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WSJ Prime Rate - .25%
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5.00%
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$100,000 and above
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WSJ Prime Rate - .50%
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5.00%
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WSJ Prime, Floating Monthly
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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 4.00% (effective 10/29/2008)
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 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: November 15, 2008
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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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3 years
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7.250%
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7.408% ($15,000 loan)
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$136.93
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*Annual Percentage Rate (APR) and monthly payments are based on a $15,000 loan amount, 3 years term, and 15 year amortization; $5,000 minimum loan, $35 tax monitoring fee, three year term up to 15 year amortization.
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: November 05, 2008
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Term
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Interest Rate
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APR*
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15-Year
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5.875%
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5.985%
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30-Year
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6.125%
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6.191%
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*The Annual Percentage Rate (APR) listed above is based on a loan amount of $200,000 with a 20% down payment and 720 or higher FICO. This is a fixed rate loan for the term listed above and available for an owner occupied property.
Rates are subject to change at any time.
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