CD and Loan Interest Rates
CD Interest Rates
Certificates of Deposit from Frederick County Bank
| CD
Interest Rates Current As Of 8/31/10
|
|
Term |
Description |
Interest Rate |
APY* |
| 3 Months
|
Fixed |
0.25%
|
0.25% |
| 6 Months
|
Fixed |
0.30%
|
0.30% |
| 12 Months
|
Fixed |
0.45%
|
0.45% |
| 13 Months
|
Fixed |
0.90%
|
0.90% |
| 17
Months |
Fixed |
0.95%
|
0.95% |
| 18 Months
|
Fixed |
0.75%
|
0.75% |
| 24 Months
|
Fixed |
0.85%
|
0.85% |
| 25 Months
|
Fixed |
1.24%
|
1.25% |
| 30 Months
|
Fixed |
1.00%
|
1.00% |
| 36 Months
|
Fixed |
1.24%
|
1.25% |
| 48 Months
|
Fixed |
1.59%
|
1.60% |
| 60 Months
|
Fixed |
1.98%
|
2.00% |
|
*Annual Percentage Yield. APYs are accurate as of the
date posted. The 13, 17 and
25 month certificates of deposit require
a minimum deposit of $5,000. All other certificates of deposit
require a minimum deposit of $1,000. Interest is compounded
daily. Penalty may apply for early withdrawal. Rate is subject
to change.
|
Consumer Loan Interest Rates
|
Consumer Loan Rates
Current As Of: 8/31/10 |
Vehicle Loan Interest Rates
AUTO-TRUCK -
NEW PRODUCT
New
Auto & Truck - 2011 & 2010
|
Term |
Direct Debit
APR(1) |
Estimated Monthly
Payment Per $1000
Borrowed |
| Up to 60 Months |
6.75%
|
$19.68 |
| 72 (2) Months
|
7.25%
|
$17.17 |
Interest rates
Interest rates are quoted based
on LTV of not greater than 80%.
(1) Annual Percentage Rate. Rates include 0.25% discount for Direct Debit
from Frederick County Bank account.
(2) Purchase price $30,000 and above
****************************************
AUTO-TRUCK -
USED PRODUCT
Used
Auto & Truck
|
Auto Year - Term |
Direct Debit
APR(1) |
Estimated Monthly
Payment Per $1000 Borrowed |
| 2010-2006
60 Months |
7.50% |
$20.04 |
| 2010-2006
48 Months |
7.25% |
$24.06 |
| 2010-2006
36 Months |
7.00% |
$30.88 |
| 2010-2006
24 Months |
6.75% |
$44.66 |
| 2005-2003
Up to 36 Months
|
7.75% |
$31.22 |
Interest rates are quoted based
on LTV of not greater than 80%.
(1) Annual Percentage Rate. Rates include 0.25% discount for Direct Debit
from Frederick County Bank account.
Note: All vehicle loans require full coverage insurance. Rates
and terms are subject to change without notice.
****************************************
Consumer Loan
Interest Rates
HOME EQUITY
LINES OF CREDIT
Maximum LTV 80%*
|
Credit Limits |
APR Without
Direct Debit |
APR With
Direct Debit |
|
$5,000 - 40,000 |
NY Prime + 1.00 = 4.25% |
NY Prime +
.75% = 4.00% |
|
$40,001 - $100,000 |
NY Prime + .50 = 3.75% |
NY
Prime + .25% = 3.50% |
Payment Options - Interest only
or 2% (principal-and-interest) of the outstanding balance as of the
statement date.
Closing Costs - Paid by
Frederick County Bank with initial draw of $10,000 and if the customer
agrees to a one-time payment of the recordation tax at closing. Customer
must reimburse Bank for closing costs if line is closed within two years
of settlement.
Note: customer is responsible
for paying closing costs when the credit limit is $100,001 and greater.
Maximum Annual Percentage Rate
is 23%. APR may vary during the life of the line.
*NOTE:
If existing First Mortgage exceeds $400,000; then maximum LTV is 70%.
NY Prime: New York Prime
as published in the Wall Street Journal.
*********************
HOME EQUITY
FIXED INTEREST RATE
Maximum LTV 80%*
|
Term
|
APR
w/out Direct Debit |
Estimated
Monthly Payment per $1000 Borrowed |
APR with
Direct Debit
|
Estimated Monthly
Payment per $1000 Borrowed
|
|
60 Months
|
6.75%
|
$19.68
|
6.50%
|
$19.57 |
|
120 Months
|
7.00%
|
$11.61
|
6.75%
|
$11.48 |
|
180 Months
|
7.25%
|
$9.13
|
7.00%
|
$8.99 |
Closing Costs - Paid by Frederick County Bank. Customer must
reimburse the Bank for closing costs if the loan is closed within two years
of settlement.
*********************
For all home equity loans (home
equity lines of credit and home equity fixed rate loans): You must carry
insurance on the property that secures your loan or line. Be sure to check
with your tax advisor for the possible tax advantages a Frederick County
Bank Home Equity Loan may offer you.
Rates and terms are subject to
change without notice.
All loans are subject to credit approval.
Lending Trade Area: The Bank's delineated
primary lending community is defined to include all of Frederick County,
Maryland.
This is our delineated community,
however, we do not discourage loan applications from areas outside of this
delineated community.
*NOTE:
If existing First Mortgage exceeds $400,000; then maximum LTV is 70%.
|
