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Rates

 

Deposit rates effective 1-3-2017 Loan rates effective  1-3-2017

Rates subject to change without notice.

 

 

49 Plus, Interest and Relationship Checking Tiered Interest Rates

 

Minimum balance to obtain APY* APY* Interest Rate
Below $1000.00 .00% .00%
$1000.00 - $9,999.99 .05% .05%
$10,000 - $49,999.99 .05% .05%
$50,000 or more .05% .05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account

Business Interest Checking

 

Minimum balance to obtain APY* APY* Interest Rate
$1,000 or more 0.05% 0.05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Super Money Market Tiered Interest Rates

 

Minimum balance to obtain APY* APY* Interest Rate
$85,000.00 OR MORE 0.25% 0.25%
$50,000.00 - 84,999.99 0.20% 0.20%
$25,000.00 - $49,999.99 0.15% 0.15%
$10,000.00 - $24,999.99 0.10% 0.10%
$1,000.00 - $9,999.99 0.08% 0.08%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Statement Savings and Club Rates

 

Minimum balance to obtain APY* APY* Interest Rate
All balances .05% .05%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates. Rates may change after account opening. Fees could reduce the earnings on the account.

Certificates of Deposit Rates - Regular CDs

 

Minimum balance to obtain APY* TERM APY* Interest Rate
$1,000 3 months 0.15% 0.15%
$1,000 6 months 0.15% 0.15%
$1,000 9 month 0.20% 0.20%
$1,000 12 month 0.25% 0.25%
$1,000 18 month 0.30% 0.30%
$1,000 24 month 0.40% 0.40%
$1,000 30 month 0.40% 0.40%
$1,000 36 month 0.50% 0.50%
$1,000 48 month 0.75% 0.75%
$1,000 60 month 1.25% 1.24%


*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates.

A penalty may be imposed for withdrawals made or closing the account  prior to maturity.

Certificates of Deposit Rates - Jumbo CDs

 

Minimum balance to obtain APY* TERM APY* Interest Rate
$100,000 1 month 0.10% 0.10%
$100,000 2 month 0.15% 0.15%
$100,000 3 month 0.20% 0.20%
$100,000 6 month 0.20% 0.20%
$100,000 9 month 0.25% 0.25%
$100,000 12 month 0.30% 0.30%
$100,000 18 month 0.35% 0.35%
$100,000 24 month 0.45% 0.45%
$100,000 30 month 0.45% 0.45%
$100,000 36 month 0.55% 0.55%
$100,000 48 month 0.80% 0.80%
$100,000 60 month 1.30% 1.29%

 

*Annual Percentage Yield

 

Rates subject to change without notice. See above for effective date of rates.

A penalty may be imposed for withdrawals made or closing the account  prior to maturity.

Residential Mortgage Rates

 

Merchants Bank offers a variety of mortgage terms to fit every need. Because mortgage rates and terms are continuously changing, contact one of our Mortgage Loan Officers to learn more about our current great rates and programs. Evening and weekend appointments available upon request.

 

Michael G. Boulos

VP/Mortgage Loan Officer

(cell) 610-509-4577

(office) 610-253-5117

mboulos@merchantsbangor.com

Joseph Attinello

VP/Mortgage Loan Officer

(cell) 484-239-1743

(office) 484-548-6119

jattinello@merchantsbangor.com

Home Equity Loan Rates***

 

TERM

APR

MONTHLY PAYMENT PER $1000

12 to 60 months

3.49%

$18.19 - 60 Months

61 to 120 months

3.99%

$10.12 - 120 Months

121 to 180 months 1st Lien

4.49%

$7.64 - 180 Months
121 to 180 months 2nd Lien 4.99% $7.90 - 180 Months

 

APR = Annual Percentage Rate. Minimum term is 12 months. Rate subject to change. Loan is subject to credit approval and property insurance is required. The minimum loan amount is $10,000 secured by primary residence and not exceeding 80% loan-to-value ratio. Appraisal fees may apply, if required.

 

*** Home Equity Term Loan rates listed above are for 1-2 unit, owner-occupied residential properties. Owner-occupied, 3-4 unit properties will carry a 1.0% premium in rate.

Home Equity Line of Credit Rates

 

TERM

APR

Revolving Line

4.00%

 

APR is based on the current prime rate, 3.75% effective 12/15/16, plus .25%.

APR (Annual Percentage Rate) is based on the Prime Rate as published in the Wall Street Journal plus .25%.

Rate may vary monthly. Rate will not fall below 4.00% or exceed the maximum of 18.00%.


Click to learn more about the flexibility of a Home Equity Line of Credit

Consumer Installment Loan Rates - Automobile

 

TYPE

APR

TERM

MONTHLY PAYMENT PER $1000

New

3.99%

48 months

$22.57

New

3.99%

60 months

$18.41

Used

See Below

   
2015 - 2016

4.49%

36 months $29.74
2015 - 2016

4.99%

48 months $23.02
2013 - 2014 5.49% 36 months $30.19
2011 - 2012 7.49% 24 months $45.00

 

Consumer Installment Loan Rates - Personal

 

TYPE

APR

TERM

MONTHLY PAYMENT PER $1000

Unsecured* 11.00% 24 Months $46.61

 

Loan amount of $5000.

 

All Rates and APRs are subject to final credit approval.