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Commercial Floating Loan
Rate New City Bank Prime is 4.00% |
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| Real Estate Loan Rates | |||
| Single Family Residence | Annual Percentage Rate | ||
| 15 yr. fixed | 7.75% | 0 Points | |
| 30 yr. fixed | 8.50% | 0 Points | |
| 30 yr. - 7 yr. balloon | 7.75% | 0 Points | |
| APR assumes a max 90% LTV or 80% LTV for Jumbo loans | |||
*Appraisal fee (estimate $500) and credit report fee (approximately $ 20 per person) due with application. Title charges, flood plain, and documentation fee ($250) due upon closing. Property and life insurance required, See Advantage for details. Annual real estate tax proof of credit card payment required. |
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| Multi-Family Dwellings (2 - 12 flats) | Annual Percentage Rate | ||
| 15 yr./5 yr. balloon | 7.75% | 1 Point Minimum | |
| 30 yr. - 5 yr. balloon | 7.75% | 1 Point Minimum | |
| APR assumes a max 80% LTV | |||
| *Appraisal fee (estimate $1,500) and credit report fee (approximately $20 per person) due with application. Title charges, flood plain, and documentation fee ($300) due upon closing. Property insurance required. Annual real estate tax proof of payment. EZ Merchant Credit card processing payment statement is acceptable. |
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| Home Equity Loans | Annual Percentage Rate | ||
| 7 yrs | Prime Floating + 1% | 0 Points | |
| (Wall Street Journal Prime is currently 3.250%*) | |||
| APR assumes a max 70% LTV | |||
*Appraisal fee (estimate $500). Title charges due at closing. Property insurance required. Flood plain insurance may be required. Annual proof of real estate tax payment required. |
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| Product | Minimum Deposit to open Acct. | No Fee Charged if Minimum Balance Maintained | |||||
| Annual Percentage Yield | Personal NOW | 0.10 | Rate | 0.10 | Annual Percentage Yield | $500 | $500 |
| Annual Percentage Yield | Business NOW | 0.10 | Rate | 0.10 | Annual Percentage Yield | $1000 | $1000 |
| Personal Money Market | |||||||
| Annual Percentage Yield | $0-99,999 | 0.25 | Rate | 0.25 | Annual Percentage Yield | $500 | $500 |
| Annual Percentage Yield | $100,000-249,000 | 1.00 | Rate | 1.00 | Annual Percentage Yield | $500 | $500 |
| Annual Percentage Yield | $250,000 & Up | 1.980 | Rate | 2.00 | Annual Percentage Yield | $500 | $500 |
| Business Money Market | |||||||
| Annual Percentage Yield | $0-99,999 | 0.25 | Rate | 0.25 | Annual Percentage Yield | $1000 | $1000 |
| Annual Percentage Yield | $100,000-249,000 | 1.00 | Rate | 1.00 | Annual Percentage Yield | $1000 | $1000 |
| Annual Percentage Yield | $250,000 & Up | 1.980 | Rate | 2.00 | Annual Percentage Yield | $1000 | $1000 |
| Annual Percentage Yield | Personal Savings | 0.25 | Rate | 0.25 | Annual Percentage Yield | $100 | $100 |
| Annual Percentage Yield | Business Savings | 0.25 | Rate | 0.25 | Annual Percentage Yield | $250 | $250 |
| Annual Percentage Yield | 6 Month CD | 1.985 | Rate | 2.00 | Annual Percentage Yield | ||
| Annual Percentage Yield | 1 Year CD | 2.477 | Rate | 2.50 | Annual Percentage Yield | ||
| Annual Percentage Yield | 18 Month CD | 2.967 | Rate | 3.00 | Annual Percentage Yield | ||
| Annual Percentage Yield | 2 Year CD | 3.211 | Rate | 3.25 | Annual Percentage Yield | ||
| Annual Percentage Yield | 3 Year CD | 3.358 | Rate | 3.40 | Annual Percentage Yield | ||
| Annual Percentage Yield | 5 Year CD | 3.455 | Rate | 3.50 | Annual Percentage Yield | ||
| IRA Accounts are currently subject to the above listed rates. | |||||||
| * CD Special - When you open a checking account, receive 25 basis points on any CD of one year or more. | |||||||
| * Rates effective as of 12/19/2008 and are subject to change/ | |||||
| *Early withdrawal penalty on time deposits may be imposed equal to 6 months interest on amount withdrawn | |||||
| * $.01 minimum balance
to obtain APY *For now, Money Market and Savings Accounts, the rate may change after the account is opened. *"Fees could reduce the earnings on the account" |
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| Auto Loans *6 months paid insurance prior to loan funding is required
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| New 2008 | |||||
| 12 - 36 months | 10.0% | Annual Percentage Rate | |||
| 37 - 60 months | 10.0% | Annual Percentage Rate | |||
| Used 2003 to 2007 | |||||
| 12 - 36 months | 12.0% | Annual Percentage Rate | |||
| 37 - 60 months | 12.0% | Annual Percentage Rate | |||
| Older than 2003 | |||||
| Negotiable | |||||
Equal Opportunity Lender
Member FDIC Phone:
(312) 588-0088