Rates
Mortgage Products - Effective Tuesday, May 21, 2013
Conventional Mortgage
Rates are based on $200,000 loan amount and a 20 percent down payment for single-family, owner-occupied homes. Interest rate and payment may increase. Payment does not include amounts for taxes and insurance and actual payments may be greater. Rates are not guaranteed and are an average of the rates from the prior week. Not all buyers will qualify for these rates and/or loan programs. Rates and offers subject to qualification. Rates may vary depending on LTV, CLTV, credit score, and debt-to-income ratio. Down payment or equity required depends on loan amount and program selected. Maximum LTV/CLTV will vary depending on borrower credit score. Programs and rates available vary by state (location of subject properties). Rates subject to change without notice. ARM, VA, FHA and Jumbo loans are also available. Email your inquiry on a specific rate quote to mortgagerates@midtownbank.com.
| Mortgage Type | Payment Amount | Interest Rate |
Annual Percentage Rate |
| 30 Year | $898.09 | 3.500% |
3.611% | ||
| 15 Year | $1,345.38 | 2.625% | 2.799% |
Personal Deposit Products - Effective
Personal Deposit Accounts
Interest will be compounded daily and credited to accounts monthly. All tiers are based upon daily balances. Rates are subject to change without notice. Rates may change after account opening. Fees may reduce earnings on all interest bearing accounts.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| Savings | $100 | $100 | $3.00 | 0.25% |
0.25% |
| Advantage Checking | $100 | $500 | $10.00 | ||
| Advantage II Checking | $100 | $500 | $15.00 | ||
$0 - $2,499.99 |
0.05% | 0.05% | |||
$2,500 - $4,999.99 |
0.10% | 0.10% | |||
$5,000 or more |
0.15% | 0.15% | |||
| VIP Checking | $1,000 | $5,000 | $25.00 | ||
$0 - $4,999.99 |
0.10% | 0.10% | |||
$5,000 - $9,999.99 |
0.15% | 0.15% | |||
$10,000 - $24,999.99 |
0.30% | 0.30% | |||
$25,000 or more |
0.40% | 0.40% |
Personal Money Market Accounts
Interest will be compounded daily and credited to accounts monthly. All tiers are based upon daily balances. Rates are subject to change without notice. Rates may change after account opening. Excessive transactions may affect your rate.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| Personal Money Market | $1,000 | $1,000 | $10.00 | ||
$1,000 - $2,499.99 |
0.10% | 0.10% | |||
$2,500 - $4,999.99 |
0.15% | 0.15% | |||
$5,000 - $9,999.99 |
0.20% | 0.20% | |||
$10,000 + |
0.25% | 0.25% | |||
| Platinum Money Market | $1,000 | $25,000 | $15.00 | ||
$0 - $24,999.99 |
0.25% | 0.25% | |||
$25,000 - $99,999.99 |
0.30% | 0.30% | |||
$100,000 - $249,999.99 |
0.40% | 0.40% | |||
$250,000 + |
0.45% | 0.45% | |||
| IRA Money Market | $100 | n/a | n/a | ||
$0 - $2,499.99 |
0.10% | 0.10% | |||
$2,500 - $4,999.99 |
0.15% | 0.15% | |||
$5,000 - $9,999.99 |
0.20% | 0.20% | |||
$10,000 - $24,999.99 |
0.25% | 0.25% | |||
$25,000 + |
0.30% | 0.30% |
Personal Certificates of Deposit
Interest will be compounded monthly and credited to accounts monthly. Early withdrawal penalties apply. Minimum to open is $1,000. Rates are subject to change without notice.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| 3 Month | 0.20% | 0.20% | |||
6 Month |
0.25% | 0.25% | |||
12 Month |
0.40% | 0.40% | |||
18 Month |
0.50% | 0.50% | |||
24 Month |
0.65% | 0.65% | |||
| 36 Month | 0.90% | 0.90% | |||
48 Month |
1.05% | 1.05% | |||
60 Month |
1.19% | 1.20% | |||
| Flexible CD | 0.50% | 0.50% |
IRA Certificates of Deposit
Interest will be compounded monthly and credited to accounts monthly. Early withdrawal penalties apply. Minimum to open is $500. Rates are subject to change without notice.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| 12 Month | 0.50% | 0.50% | |||
24 Month |
0.75% | 0.75% | |||
36 Month |
1.00% | 1.00% | |||
48 Month |
1.15% | 1.15% | |||
60 Month |
1.29% | 1.30% |
Business Deposit Products - Effective
Business Checking Accounts
Interest will be compounded daily and credited to accounts monthly. All tiers are based upon daily balances. Rates are subject to change without notice. Rates may change after account opening. Fees may reduce earnings on all interest bearing accounts.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| Small Business Checking | $100 | $2,500 | $12.00 | ||
Business Analysis Checking |
$100 | $ - | $15.00 | 0.10%* *earnings credit |
|
Business Interest |
$100 | $5,000 | $15.00 | 0.10% | 0.10% |
Business Nonprofit |
$100 | $2,500 | $12.00 | ||
$0 - $2,499.99 |
0.03% | 0.03% | |||
$2,500 - $4,999.99 |
0.05% | 0.05% | |||
$5,000 or more |
0.10% | 0.10% | |||
| IOLTA (Interest on Lawyers Trust Accounts) | $100 | $12.00 | |||
$0 - $4,999.99 |
0.03% | 0.03% | |||
$5,000 - $9,999.99 |
0.10% | 0.10% | |||
$10,000 - $99,999.99 |
0.16% | 0.16% | |||
$100,000 or more |
0.16% | 0.16% |
Business Money Market Accounts
Interest will be compounded daily and credited to accounts monthly. All tiers are based upon daily balances. Rates are subject to change without notice. Rates may change after account opening. Excessive transactions may affect your rate.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| Business Money Market | $1,000 | $5,000 | $25.00 | ||
$0 - 24,999.99 |
0.20% | 0.20% | |||
$25,000 - $49,999.99 |
0.25% | 0.25% | |||
$50,000 - $99,999.99 |
0.35% | 0.35% | |||
$100,000 - $499,999.99 |
0.40% | 0.40% | |||
$500,000 - $999,999.99 |
0.45% | 0.45% | |||
$1,000,000 + |
0.50% | 0.50% |
Business Certificates of Deposit
Interest will be compounded monthly and credited to accounts monthly. Early withdrawal penalties apply. Minimum to open is $1,000. Rates are subject to change without notice.
| Account Type | Min to Open | Min Daily Balance to Avoid Service Charge | Service Charge | Interest Rate |
APY* |
| 3 Month | 0.20% | 0.20% | |||
6 Month |
0.25% | 0.25% | |||
12 Month |
0.40% | 0.40% | |||
18 Month |
0.50% | 0.50% | |||
24 Month |
0.65% | 0.65% | |||
36 Month |
0.90% | 0.90% |
|||
48 Month |
1.05% | 1.05% | |||
| 60 Month | 1.19% | 1.20% |
* Annual percentage yield
Fees may reduce earnings on all interest bearing accounts
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