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Rates
Effective - July 2-8, 2008
Deposit Rates - CDs
Deposit Rates - Interest Bearing Checking Accounts
Deposit Rates - Savings Accounts
Consumer Loans - Home Equity/2nd Mortgage Loans
Consumer Loans - HomeLine (Home Equity Line of Credit)
Consumer Loans - Vehicle
Consumer Loans - Personal (Unsecured)
Deposit Rates - CDs
|
| Term |
$1,000-$9,999 Interest Rate |
$1,000-$9,999 APY* |
$10,000-24,999 Interest Rate |
$10,000-$24,999 APY* |
$25,000-$100,000 Interest Rate |
$25,000-$100,000 APY* |
| Special Rates - $4,000 Minimum |
|
|
|
|
|
|
| 11 months |
3.05% |
3.05% |
3.05% |
3.05% |
3.05% |
3.05% |
| 17 months |
3.20% |
3.20% |
3.20% |
3.20% |
3.20% |
3.20% |
| Regular Rates - $1,000 Minimum |
|
|
|
|
|
|
| 3 months |
1.89% |
1.90% |
1.99% |
2.00% |
2.09% |
2.10% |
| 6 months |
1.99% |
2.00% |
2.19% |
2.20% |
2.29% |
2.30% |
| 1 year |
2.30% |
2.30% |
2.50% |
2.50% |
2.60% |
2.60% |
| 2 years |
2.50% |
2.50% |
2.70% |
2.70% |
2.80% |
2.80% |
| 3 years |
2.80% |
2.80% |
2.90% |
2.90% |
3.00% |
3.00% |
| 4 years |
2.90% |
2.90% |
3.00% |
3.00% |
3.10% |
3.10% |
| 5 years |
3.00% |
3.00% |
3.20% |
3.20% |
3.30% |
3.30% |
| *APY - Annual Percentage Yield is subject to change without notice. *APY - Annual Percentage Yield is the interest earned in one year based on rate after compounding. |
| Substantial penalty for early withdrawal for Certificates of Deposit. Fees could reduce earnings. Regular CD Minimum $1,000, Special CD Minimum $4,000, IRA Minimum $500. |
Deposit Rates - Interest Bearing Checking Accounts
|
| Account Type |
Minimum Balance Required |
Minimum Balance to obtain interest |
Interest Rate |
APY* |
| Classic Advantage |
|
|
|
|
| |
$500 |
$500-2,499 |
0.01% |
0.01% |
| |
$500 |
$2,500-$4,999 |
0.10% |
0.10% |
| |
$500 |
Above $5,000 |
0.20% |
0.20% |
| Premier |
|
|
|
|
| |
$1,500 |
$1,500-$4,999 |
0.05% |
0.05% |
| |
$1,500 |
$5,000-$24,999 |
0.10% |
0.10% |
| |
$1,500 |
$25,000-$49,999 |
0.32% |
0.32% |
| |
$1,500 |
$50,000-$99,999 |
0.52% |
0.52% |
| |
$1,500 |
Above $100,000 |
0.72% |
0.72% |
| *APY - Annual Percentage Yield is subject to change without notice. *APY - Annual Percentage Yield is the interest earned in one year based on rate after compounding. Fees could reduce earnings on the account. |
Deposit Rates - Savings Accounts
|
| Account Type |
Minimum Balance Required |
Minimum Balance to obtain interest |
Interest Rate |
APY* |
Invest @ Home
Money Market Account |
|
|
|
|
| |
$1,500 |
$1,500-$9,999 |
0.30% |
0.30% |
| |
$1,500 |
$10,000-24,999 |
0.65% |
0.65% |
| |
$1,500 |
$25,000-$49,999 |
0.85% |
0.85% |
| |
$1,500 |
$50,000-$99,999 |
1.05% |
1.05% |
| |
$1,500 |
Above $100,000 |
1.24% |
1.25% |
| Passbook Savings |
|
|
|
|
| |
$200 |
$200-9,999 |
0.30% |
0.30% |
| |
$200 |
$10,000-19,999 |
0.75% |
0.75% |
| |
$200 |
Above $20,000 |
1.00% |
1.00% |
| ATS Savings |
$200 |
$200-9,999 |
0.30% |
0.30% |
| |
$200 |
$10,000-19,999 |
0.75% |
0.75% |
| |
$200 |
Above $20,000 |
1.00% |
1.00% |
| Minor Savings |
|
|
|
|
| |
$10 |
$10 |
0.70% |
0.70% |
| Holiday Savings |
|
|
|
|
| |
$10 |
$10 |
0.70% |
0.70% |
| *APY - Annual Percentage Yield is subject to change without notice. *APY - Annual Percentage Yield is the interest earned in one year based on rate after compounding. Fees could reduce earnings on the account. |
Consumer Loans - Home Equity/2nd Mortgage
Loans
|
APR* |
Interest Rate |
Fixed Rate Maximum Term |
Payment Example |
| 7.25% |
7.19% |
60 Months |
$198.91 |
| 7.75% |
7.70% |
84 Months |
$154.37 |
- Interest rates are quoted with
automatic payment from an Iowa State Bank account. Add 0.75% if
auto deduct option is not used.
- The APR* is fixed at 7.25% for 60 months or
7.75% for 84 months. Loans over fixed term length will balloon.
- Maximum loan is 85% of appraised
value less prior liens.
90% Loan-to-Value (LTV) for qualified applicants with 0.50% rate
increase.
- Minimum loan amount of $5,000 on
new loan requests.
- General fees range between $179
and $549 on Home Equity Loans.
* Annual Percentage Rate
Rates are subject to change without notice. Rates are subject to
credit approval and sufficient collateral. Payment examples are
based on a $10,000 loan amount at the maximum term, 85%
LTV and the corresponding interest rate.
Additional restrictions may apply. Consumer Loans -
HomeLine
(Home Equity Line of Credit)
|
Equity |
APR* |
| 25% - 100% |
Wall Street
Prime** + 0.50% |
| 15% - 24% |
Wall Street Prime**
+ 1.00% |
| 10% - 14% (with
qualifying credit) |
Wall Street
Prime** + 1.50% |
- With three qualifying bank relationships, if not add 0.50% to
margin. (Prime**+1.00% with 25%–100% equity, Prime+1.50% with
15%-24% equity, Prime** + 2.00% with 10% - 14% equity.)
- Minimum line of $10,000, maximum line of
$100,000.
- Interest rates are quoted with automatic payment from an
Iowa State Bank account. Add 0.75% if auto deduct option is not
used.
- General fees range between $179 and $549 on HomeLine
loans.
* Annual Percentage Rate
** New York Prime as published in the Wall Street Journal
Maximum
interest rate of 18.00%, minimum interest rate of 6.00%. Interest
rates are adjusted quarterly.
Five-year terms with five-year draw
period. Owner occupied only. All rates are subject to change
without notice. Rates are subject to credit approval and
sufficient collateral. Minimum payment of $50 or 2% of the
outstanding balance (whichever is greater). Minimum advance $200.
If you had an outstanding balance of $10,000, the minimum
principal and interest payment at the maximum APR* of 18.00% would
be $204.00. Additional restrictions may apply.
Consumer Loans - Vehicle
|
| APR* |
Maximum Term |
Payment Example |
| New - 2008 & 2007 |
|
|
|
| 7.25% |
60 months |
$199.19 |
| Used - 2004 & Newer |
|
|
|
| 7.50% |
54 months |
$218.76 |
| Used - 2003 & Older |
|
|
|
| 8.70% |
48 months |
$247.43 |
|
- Interest rates are quoted with
automatic payment from an Iowa State Bank account. Add 0.75%
if auto deduct option is not used.
- 20% of the retail value
required for down payment. Loan not to exceed NADA Trade-in
value.
- Full insurance required.
* Annual Percentage Rate
Rates are subject to
change without notice. Minimum loan amount of $6,000.
Rates are
subject to credit approval and sufficient collateral. Payment
examples are based on a $10,000 loan at maximum term.
Additional
restrictions may apply.
Consumer Loans -
Personal (Unsecured)
On an individual basis. Based on financial statement and credit
history.
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