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| Current Rates |
Checking | Savings | Certificates of Deposit | Individual Retirement Accounts
Mortgage Rates | Loan Rates
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| Deposit Rates Effective 7/24/08 |
| Checking |
|
|
Type / Term |
Minimum
Balance |
Interest
Rate |
Annual Percentage
Yield |
|
| |
NOW Accounts |
$500 |
0.20% |
0.20% |
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| |
Money Market Checking |
$1,000 |
0.25% |
0.25% |
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| Savings |
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|
Type / Term |
Minimum
Balance |
Interest
Rate |
Annual Percentage
Yield |
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| |
Passbook/Statement Savings |
$50 |
0.40% |
0.40% |
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| |
Club Savings |
$50 |
0.60% |
0.60% |
|
|
Money Market Investment |
$1,000 |
0.75% |
0.75% |
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|
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$10,000 |
1.00% |
1.01% |
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|
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$25,000 |
1.00% |
1.01% |
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$50,000 |
1.25% |
1.26% |
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$250,000 |
1.75% |
1.77% |
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| Certificates of Deposit (CD) |
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|
Type / Term |
Minimum
Balance |
Interest
Rate |
Annual Percentage
Yield |
|
| |
Starter CD (1 year) |
$500 |
1.35% |
1.36% |
|
| |
1 Year Renewable
Once CD (ROC) * |
$10,000 |
2.25% |
2.28% |
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| |
3 Month Certificate of Deposit |
$1,000 |
1.85% |
1.87% |
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| |
6 Month Certificate of Deposit |
$1,000 |
2.00% |
2.02% |
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12 Month Certificate of Deposit |
$1,000 |
2.10% |
2.12% |
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18 Month Certificate of Deposit |
$1,000 |
2.25% |
2.28% |
|
|
24 Month Certificate of Deposit |
$1,000 |
2.35% |
2.38% |
|
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30 Month Certificate of Deposit |
$1,000 |
2.40% |
2.43% |
|
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36 Month Certificate of Deposit |
$1,000 |
2.50% |
2.53% |
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48 Month Certificate of Deposit |
$1,000 |
2.75% |
2.79% |
|
|
60 Month Certificate of Deposit |
$1,000 |
2.90% |
2.94% |
|
|
Jumbo CDs |
$100,000 |
Call for current rates and terms |
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| Individual Retirement Accounts (IRA) |
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|
Type / Term |
Minimum
Balance |
Interest
Rate |
Annual Percentage
Yield |
|
| |
Variable IRA ** |
$250 |
2.00% |
2.02% |
|
| |
Fixed IRA *** |
$1,000 |
*** |
*** |
|
- Penalty for early withdrawals (including substantial tax penalties on IRAs)
- Fees could reduce earnings
- Interest is compounded daily
* Guaranteed renewable once at the same rate or higher.
** Variable rate is tied to 6 month CD rate; may change at any time determined by the Bank at our discretion.
*** Same as the term selected from the CDs listed of one year or longer.
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| Loan Rates Effective 3/4/08 |
| Mortgage Rates |
|
|
Mortgages |
3 years
Rate / APR |
5 years
Rate / APR |
7 years
Rate / APR |
|
|
Residential |
5.75% / 6.77% |
6.00% / 6.63% |
6.25% / 6.71% |
|
For APR of 6.77%, 36 monthly payments of $303.09 per $10,000 borrowed.
For APR of 6.63%, 60 monthly payments of $193.33 per $10,000 borrowed.
For APR of 6.71%, 84 monthly payments of $147.29 per $10,000 borrowed.
| |
|
Mortgages |
10 years
Rate / APR |
15 years
Rate / APR |
20 years
Rate / APR |
|
| |
Residential |
6.50% / 6.84% |
6.95% / 7.19% |
7.25% / 7.45% |
|
For APR of 6.84%, 120 monthly payments of $113.55 per $10,000 borrowed.
For APR of 7.19%, 180 monthly payments of $89.60 per $10,000 borrowed.
For APR of 7.45%, 240 monthly payments of $79.04 per $10,000 borrowed.
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| New Vehicle Rates |
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|
Special APR * |
Regular APR |
Term |
|
| |
5.50% |
7.00% |
New Car or Truck - 24 months |
|
| |
5.75% |
7.25% |
New Car or Truck - 36 months |
|
| |
5.99% |
7.50% |
New Car or Truck - 48 months |
|
| |
6.25% |
7.99% |
New Car or Truck - 60 months |
|
For APR of 5.50%, 24 monthly payments of $44.10 per $1,000 borrowed.
For APR of 5.75%, 36 monthly payments of $30.31 per $1,000 borrowed.
For APR of 5.99%, 48 monthly payments of $23.48 per $1,000 borrowed.
For APR of 6.25%, 60 monthly payments of $19.45 per $1,000 borrowed. |
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For APR of 7.00%, 24 monthly payments of $44.77 per $1,000 borrowed.
For APR of 7.25%, 36 monthly payments of $30.99 per $1,000 borrowed.
For APR of 7.50%, 48 monthly payments of $24.18 per $1,000 borrowed.
For APR of 7.99%, 60 monthly payments of $20.27 per $1,000 borrowed. |
|
* The special rate is available to applicants that are borrowing 90% or less of the cost of the vehicle (excluding
sales tax) and meet other bank underwriting requirements.
- 0.25% discount available when paid on an AFT basis and loan maturity is no longer than 60 months
(not applicable to special rate)
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| Used Vehicle Rates |
|
|
Year |
Normal APR |
Credit Score
650-750 (APR) |
Credit Score
Over 750 (APR) |
Term |
|
| |
2007 |
8.75% |
7.50% |
7.25% |
Call for term |
|
| |
2006 |
8.75% |
7.50% |
7.25% |
Call for term |
|
| |
2005 |
8.75% |
7.50% |
7.25% |
Call for term |
|
| |
2002-2004 |
9.99% |
|
|
| |
2001 & Prior |
13.99% |
|
|
- 0.25% discount available when paid on an AFT basis and loan maturity is no longer than 60 months.
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| Motorcycle Rates |
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|
Type |
APR |
|
| |
New Road Bikes |
8.00% |
|
| |
Used Road Bikes |
10.50% |
|
- 0.25% discount available when paid on an AFT basis and loan maturity is no longer than 60 months.
Call or stop in for more loan rates.
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The First National Bank of Groton
161 Main Street, Groton, NY 13073 • 41 S. Main Street, Moravia, NY 13118
(607) 898-5871 • (315) 497-2707
Buzz: (607) 898-9700 • (315) 497-2200 |
