Residential Real Estate
|Term||Rate||APR||Principal & Interest – Monthly|
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)
|With terms up to one year||3.75%|
|Terms over one year up to 5 years full amortization||3.75%|
Agricultural Real Estate
|20 year amortization with 5 year balloon payment**||3.75%|
|Terms over 5 years up to 10 years full amortization||4.00%|
|15 year term fixed rate||4.25%|
Commercial Real Estate
|20 year amortization with 5 year balloon payment**||4.25%|
|Terms over 5 years up to 10 years full amortization||4.50%|
|15 year term fixed rate||4.75%|
|Rates vary based on year of vehicle||3.50% to 6.75%|
*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.
|Accounts||Minimum To Open||Interest Accrual||Interest Rate||APY|
* 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’S||Deposit Amounts||Interest Rate||APY|
|3 Month||$100,000 & over||0.40||0.40|
|6 Month||$100,000 & over||0.50||0.50|
|1 Year||$100,000 & over||0.60||0.60|
|2 Year||$100,000 & over||0.70||0.70|
|3 Year||$100,000 & over||0.80||0.80|
|4 Year||$100,000 & over||1.00||1.00|
|5 Year||$100,000 & over||1.00||1.00|
|IRA||$100,000 & over||0.80||0.80|
|Penalty for early withdrawal|
|Minimum $1,000 to open|
|Annual Percentage Yield (APY) is based on quarterly compounding|