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RATE CHARTS
MORTGAGE RATE CHART - SCHEDULE OF RATES AND TERMS
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Current Mortgage Rates are in effect NOVEMBER 17, 2008.
Term |
Interest Rate |
Annual Percent Rate |
Fixed-Rate Mortgages for
Conforming Single Family |
|
|
| 30 Year Fixed |
6.000% |
6.031% APR |
| 20 Year Fixed |
5.900% |
5.941% APR |
| 15 Year Fixed |
5.600% |
5.652% APR |
| 10 Year Fixed |
5.500% |
5.573% APR |
| 5 Year Fixed |
5.500% |
5.635% APR |
| Jumbo (Over $417,000) |
8.500% |
8.514% APR |
|
|
|
| * Adjustable Rate Mortgages |
|
|
| 1 year with 2/6 caps |
6.250% |
6.265% APR |
|
|
|
| Other Type Loans |
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New Construction
180 day term |
8.000% |
9.314% APR |
2nd Mortgage Fixed
10 year term |
8.000% |
8.086% APR |
| Non-Owner Occupied |
Call for current rate |
* Home Equity - Prime Rate
Maximum 21% |
4.000% |
4.030% APR |
| Home Equity - Fixed |
6.000% |
6.070% APR |
| Personal Loans -Unsecured |
13.000% |
13.351% APR |
* THESE RATES MAY CHANGE AFTER CLOSING DEPENDING ON INDEX RATE.
Other type loans are available.
Please contact our loan officers for additional information.
The rates for real-estate listed above pertain to an owner-occupied single-family dwelling which conforms to Freddie Mac and PMI underwriting standards. The APR shown in this schedule is computed using a $150,000 loan amount. Maximum loan-to-value is 95% of purchase price or appraised value which ever is less. PMI will be required on all first mortgage loans that exceed 80% loan-to-value. The APR will be higher if PMI is required. Proper disclosure forms pertaining to each loan will be given to each borrower as required under Truth-in-Lending regulations upon application. 100% financing is available on home purchases. Call (812) 384-4473 / 332-4473 for rates and terms.
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CERTIFICATES OF DEPOSIT AND OTHER SAVINGS
INVESTMENTS
CERTIFICATES OF DEPOSIT AND OTHER SAVINGS INVESTMENTS
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"You can count your money when you invest with
Farmers And Mechanics Federal!" |
Please give us a call at (812) 384-4473 or (812) 332-4473
and we will be glad to answer any questions you may
have.
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CERTIFICATES |
ANNUAL INTEREST RATE |
ANNUAL PERCENTAGE YIELD |
MINIMUM DEPOSIT TO OPEN |
MINIMUM BALANCE TO EARN
APY |
| TERM |
|
|
|
|
91 Days*
Int. paid at maturity only |
1.70% |
1.71% APY |
$ 7,500.00 |
$ 7,500.00 |
| 182 Days** |
1.90% |
1.91% APY |
$ 5,000.00 |
$ 5,000.00 |
| 1 Year |
2.10% |
2.12% APY |
$ 2,500.00 |
$ 2,500.00 |
| 30 Month |
2.40% |
2.42% APY |
$ 500.00 |
$ 500.00 |
| 4 Year |
2.75% |
2.78% APY |
$ 500.00 |
$ 500.00 |
| 6 Year |
3.00% |
3.03% APY |
$ 500.00 |
$ 500.00 |
| 10 Year |
3.50% |
3.55% APY |
$ 500.00 |
$ 500.00 |
| Jumbo |
Please ask for current rates |
|
$100,000.00
|
| SPECIAL ACCOUNTS |
|
|
|
| 18 Mo IRA |
1.70% |
1.71% APY |
$100.00 |
$100.00 |
| SPECIAL RATES EFFECTIVE NOVEMBER 17, 2008: |
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| 30 MONTH |
4.20% |
4.27% APY |
$10,000.00 |
$10,000.00 |
| 4 YEAR |
3.80% |
3.85% APY |
$10,000.00 |
$10,000.00 |
| 6 YEAR |
3.60% |
3.65% APY |
$10,000.00 |
$10,000.00 |
| 10 YEAR |
3.75% |
3.80% APY |
$10,000.00 |
$10,000.00 |
Current Investment Rates Became Effective NOVEMBER 17, 2008
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
* EARNINGS PER $10,000.00 FOR 91 DAYS: |
$42.38 |
| **EARNINGS PER $10,000.00 FOR 182 DAYS: |
$94.74 |
NOTE: These certificates are renewable, however, no additions are allowed
during the term of the certificate except for 18-month IRAs.
A PREMATURE WITHDRAWAL PENALTY WILL CAUSE A REDUCTION IN EARNINGS.
PENALTY FOR PREMATURE WITHDRAWAL
| 91 DAYS |
45 DAYS' INTEREST |
| 182 DAYS |
3 MONTHS' INTEREST |
| 1 YEAR |
6 MONTHS' INTEREST |
| 30 MONTH |
6 MONTHS' INTEREST |
| 4 YEAR |
6 MONTHS' INTEREST |
| 6 YEAR |
12 MONTHS' INTEREST |
| 10 YEAR |
12 MONTHS' INTEREST |
ADDITIONAL INVESTMENT RATES
ADDITIONAL INVESTMENT RATES
NOW and SNOW CHECKING, E-ACCOUNTS, STATEMENT SAVINGS,
PASSBOOK SAVINGS, AND HOLIDAY CLUB ACCOUNTS
ACCOUNT |
ANNUAL
INTEREST
RATE |
ANNUAL
PERCENTAGE
YIELD |
MINIMUM
DEPOSIT
TO OPEN |
MINIMUM
BALANCE TO
EARN APY |
| NOW CHECKING |
.40% |
.40% APY |
$ 250.00 |
$ 1.00 |
SUPER NOW CHECKING
Balances $0 - $999
Balances $1,000 - $4,999
Balances $5,000-$24,999
Balances $25,000-$99,999
Balances $100,000 and up |
.750%
1.000%
1.500%
2.000%
2.250%
|
.750% APY
1.000% APY
1.510% APY
2.020% APY
2.275% APY
|
$2500.00 |
$ 1.00
1,000.00
5,000.00
25,000.00
100,000.00
|
STATEMENT SAVINGS
Balances $0 - $999
Balances $1,000 - $4,999
Balances $5,000-$24,999
Balances $25,000-$99,999
Balances $100,000 and up |
.750%
1.000%
1.500%
2.000%
2.250%
|
.750% APY
1.000% APY
1.510% APY
2.020% APY
2.275% APY
|
$ 50.00 |
$ 1.00
1,000.00
5,000.00
25,000.00
100,000.00
|
E ACCOUNT
Balances $0 - $999
Balances $1,000 - $4,999
Balances $5,000-$24,999
Balances $25,000-$99,999
Balances $100,000 and up |
.750%
1.000%
1.500%
2.000%
2.250%
|
.750%
APY
1.000% APY
1.510% APY
2.020% APY
2.275% APY
|
$ 50.00 |
$ 1.00
1,000.00
5,000.00
25,000.00
100,000.00
|
| HOLIDAY CLUB |
.600% |
.600% APY |
$ 1.00 |
$1.00 |
| PASSBOOK SAVINGS |
.600% |
.600% APY |
$ 10.00 |
$10.00 |
Current Rates Became Effective NOVEMBER 17, 2008
Rates are subject to change without notice. Fees could reduce earnings.
(See Penalties For Early Withdrawal listed above.)
OTHER ACCOUNT FEES
The following fees apply to all accounts except for Certificates of Deposit:
| Non-sufficient Funds |
$25.00 each |
| Research Fee |
$20.00 per hour |
| Accounts Reconciliation |
$20.00 per hour |
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NOW CHECKING, SUPER NOW CHECKING, STATEMENT SAVINGS,
and MONEY MARKET DEPOSIT ACCOUNT FEES: |
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| Stop-Payment on Regular Accounts |
$25.00 |
| Bill Pay Stop Payment |
$25.00 |
| Check Printing |
Price may vary depending on style |
| Special Statement |
$ 1.00 each |
| Check return charge |
$25.00 each |
| Photocopy of original returned check |
$ 2.50 each |
| Overdraft Protection |
$ 9.50 each |
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| MISCELLANEOUS FEES AND
CHARGES |
|
Official Check/Third Party
(Cashier's Check and Money Orders) |
$ 2.00 each |
| Wire Transfer: |
| Outgoing U.S.A |
$25.00 each |
| Overseas |
$25.00 each |
| Incoming |
$5.00 each |
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