| CD Special (1) | |
|
TERM
|
APY
|
|
9 Months
|
4.00%
|
| HELOC- Home Equity Line of Credit (2) | |
|
TERM
|
APY
|
|
5 year fixed rate
|
7.99%
|
| Summit Money Market (3) | |
|
Balance of
|
APY
|
|
$50,000
|
3.05%
|
|
$100,000
|
3.24%
|
| Construction Loan Special (4) | ||
|
TERM
|
%
|
APY
|
|
9 Months
|
3.99%
|
7.75%
|
|
(1) Annual Percentage Yield for this certificate of deposit is accurate as of January 31, 2008. Penalty may be imposed for early withdrawal. Early withdrawal penalty may reduce earnings. Minimum balance of $10,000. (2)Your interest rate is based on the available equity in your home, your credit history, and debt to income ratio. As of June 12, 2007, the prime rate is 8.25%. It also assumes an automatic payment from an S&C Bank Checking account. The rate with an automatic payment from another banks checking account is 8.24%. The rate without an automatic payment is 8.99%. $25 annual fee after the first year. Third party closing costs can range from $0 to $600. Owner must provide property insurance. Balloon payment may result. (3) Annual percentage yields show accurate as of June 12, 2007 and subject to change after account opening. $25 fee per month if balance drops below $25,000. APY on balances less than $50,000 is .31% APY. Fees may reduce earnings. (4) The Annual Percentage Rate shown here is based on a loan amount of $150,000 and a 1% Origination Fee. Monthly payment will vary based on principal balance. In this example, the monthly payment on a balance of $150,000 would range from $459-$508 per month with a balloon payment due at maturity. APR based on 80% loan-to-value. Borrower is required to provide property insurance. This APR is available for contractor built projects. |
||
