Loan Rates

Residential Real Estate

Term
Rate
APRPrincipal & Interest – Monthly
15 years3.25%3.412%$1,405.61
20 years3.50%3.627%$1,160.21

APR is the Annual Percentage Rate.  APR shown above is calculated on a loan example of $200,000 for the purchase of a single unit primary residence with a 15% down payment.  The loan is fully amortized in 20 years or 15 years as labeled above. This is an example only. Payments do not include amounts for taxes and insurance, and the actual payment obligation will be greater. Other qualifications and underwriting standards may apply. This is not an offer to lend or enter into an interest lock agreement at a specific rate. Rates are subject to change throughout the day without notice. Please contact a loan officer for more specific information.

Agricultural and Commercial Loans (non-real estate)

Rate
With terms up to one year3.75%
Terms over one year up to 5 years full amortization3.75%

Agricultural Real Estate

20 year amortization with 5 year balloon payment**3.75%
Terms over 5 years up to 10 years full amortization4.00%
15 year term fixed rate4.25%

Commercial Real Estate

20 year amortization with 5 year balloon payment**4.25%
Terms over 5 years up to 10 years full amortization4.50%
15 year term fixed rate4.75%

Vehicle Loans

APR*
Rates vary based on year of vehicle3.50% to 6.75%

Recreational Properties

Please contact us for market rates and terms.

Other Loans

Please call us at (888) 689-1898 for other types of loans offered.

*APR is the Annual Percentage Rate.

**Balloon payment is a payment where the remaining balance of the loan falls due in full. The New Albin Savings Bank typically offers to extend this balloon payment at the time it falls due at the then going rate and terms. However, the New Albin Savings Bank is not obligated to extend any balloon payment and may not offer to do so.

All rates are subject to change without notice.

Deposit Account Rates

Effective 6/2/20

 AccountsMinimum To OpenInterest Accrual Interest Rate APY
Checking $200.00
Now$800.00 Monthly0.200.20
Super Now$2,500.00 Monthly0.25*0.25*
Money Market$2,500.00 Monthly0.60*0.60*
Passbook Savings$200.00Quarterly0.300.30

* If average balance for the month falls below $2,500.00 the rate reduces to .20% (.20% APY). Please contact the New Albin Savings Bank for any fee associated with checking and savings accounts if the balance drops below the stated minimum above. Fees can reduce earnings.

CD’SDeposit AmountsInterest RateAPY
3 Month$1,000-$99,9990.300.30
3 Month$100,000 & over0.400.40
6 Month$1,000-$99,9990.400.40
6 Month$100,000 & over0.500.50
1 Year$1,000-$99,9990.500.50
1 Year$100,000 & over0.600.60
2 Year$1,000-$99,9990.600.60
2 Year$100,000 & over0.700.70
3 Year$1,000-$99,9990.700.70
3 Year$100,000 & over0.800.80
4 Year$1,000-$99,9990.900.90
4 Year$100,000 & over1.001.00
5 Year$1,000-$99,9990.900.90
5 Year$100,000 & over1.001.00
IRA$1,000-$99,9990.700.70
IRA$100,000 & over0.800.80
Penalty for early withdrawal
Minimum $1,000 to open
Annual Percentage Yield (APY) is based on quarterly compounding

Contact Us for More Information

Please call us at (888) 689-1898 for more information on Loan Rates and Deposit Account Rates