|
 Equal Housing Lender
Member FDIC
|
|
Loan and Deposit Rates
Consumer Loan Rates
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Effective 11/13/08 |
Type |
Annual Percentage Rate |
Terms |
Monthly
Payment
(per $1,000) |
Loan Limits |
| Home Equity Lines of Credit (HELC) |
|
| HELC I |
Prime -.50%, adjusted monthly. This rate is contingent on being a Premium account customer, and automatic deduction of monthly payments from a Merrimack account. Rate will be prime -.0% without a Premium relationship. |
20 Year Balloon |
Minimum required monthly payment is interest only |
80% combined loan to value |
| HELC II |
5.99% fixed for 3 years; then prime -.50%
Same requirements as option 1, except rate will increase to 6.49% fixed for 3 years without Premium relationship. |
Prime was 4.00% as of 10/31/08.
Prime is adjusted monthly based on the Wall Street Journal's listing on the last business day of each month and may increase or decrease. Maximum rate is 18.00%.
|
|
| Fixed Rate Home Equity Loans* |
|
|
6.375% |
60 Months |
$19.51 |
80%combined loan to value |
|
6.625% |
120 Months |
$11.42 |
|
7.00% |
180 Months |
$8.99 |
|
7.25% |
240 Months |
$7.90 |
Home Equity Adjustable Rate Term Loan*
Rates based on 5-Year Treasury Constant Maturity Weekly Index of 2.77% as of 10/31/08 |
|
|
6.001% |
120 Months |
$11.10 |
80%combined loan to value |
|
6.245% |
180 Months |
$8.57 |
|
6.337% |
240 Months |
$7.36 |
| Mobile Homes in Parks |
|
| |
|
|
| New |
Please contact the Consumer Loan Department at 603-225-2793 for rate information. |
|
| Used |
|
New Autos*
2008 & 2007 model years |
|
|
|
6.014% |
36 Months |
$30.32 |
|
|
6.160% |
48 Months |
$23.49 |
|
|
6.160% |
60 Months |
$19.34 |
|
|
6.394% |
72 Months |
$16.70 |
| Used Autos* |
|
2007 Used and Demos |
7.162% |
60 Months |
$19.81 |
|
'06, '05 Used |
7.422% |
60 Months |
$19.93 |
'04, '03, '02 Used |
8.462% |
48 Months |
$24.54 |
'01, '00, '99 Used |
9.464% |
36 Months |
$31.93 |
|
|
|
|
|
|
|
| Personal Loans* |
|
| Unsecured Personal |
13.345% |
60 Months |
$22.93 |
Maximum $10,000 |
|
|
|
|
|
|
*.25% rate discount is available to Merrimack Premium or Premium Plus Checking account customers choosing automatic deduction of monthly payments from a MCSB deposit account.
Other Consumer Loans
Type |
Annual Percentage Rate |
Terms |
Monthly
Payment
(per $1,000) |
Loan Limits |
| Boat/Motor Home/Camper/Trailer** |
|
New and Used |
8.041% |
Up to 120 Months |
$12.15 |
|
|
| Motorcycles, Snowmobiles, ATVs** |
|
New and Used |
8.271% |
48 Months |
$24.54 |
|
|
|
|
|
|
|
| Home Improvement |
9.166% |
60 Months |
$20.84 |
Maximum $10,000 |
| Time Loans |
16.385% |
90 Days |
|
Principal and interest due at maturity |
| CheckReserve Line of Credit/Overdraft Protection |
15.00% |
No Maturity |
Payment is 5% of balance with a 25.00 minimum |
Maximum $5,000; $20.00 annual fee; linked to MCSB personal checking account |
**.25% rate discount is available to Merrimack Premium or Premium Plus Checking account customers choosing automatic deduction of monthly payments from a MCSB deposit account.
Deposit Rates
Member FDIC
Effective 12/01/2008 |
Certificates of Deposit |
|
Account Type |
Interest
Rate |
Annual
Percentage
Yield (APY) |
Minimum
Balance
to Obtain
APY |
Minimum
to Open |
Fixed Rate CDs: |
| 90 Day |
2.05% |
2.10% |
|
$1,000 |
| 6 Month |
2.29% |
2.35% |
|
$1,000 |
| 9 Month CD Special |
2.92% |
3.00% |
|
$1,000 |
| 11 Month CD Special |
3.15% |
3.25% |
|
$1,000 |
| 1 Year |
2.53% |
2.60% |
|
$500 |
| 1 1/2 Year (18 Month) |
2.58% |
2.65% |
|
$500 |
| 2 Year |
2.63% |
2.70% |
|
$500 |
| 2 1/2 Year (30 Month) |
2.68% |
2.75% |
|
$500 |
| 3 Year |
2.92% |
3.00% |
|
$500 |
| 4 Year |
3.11% |
3.20% |
|
$500 |
| 5 Year |
3.20% |
3.30% |
|
$500 |
| 7 Month Premium CD (3) |
2.92% |
3.00% |
|
$1,000 |
| 14 Month Premium CD (3) |
3.25% |
3.35% |
|
$1,000 |
| 28 Month Premium CD (3) |
3.15% |
3.25% |
|
$1,000 |
Variable Rate CDs |
| 1 1/2 Year (2) |
0.15% |
0.15% |
|
$500 |
Individual Retirement Accounts (IRAs) |
|
| Wealth Builder IRA Savings Account |
1.35% |
1.38% |
|
$25 |
Please note that the Wealth Builder IRA Savings is available as a Roth or Traditional IRA. Additionally, Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are available as Roth and Traditional IRAs. |
|
Checking and Savings Accounts (1) |
|
| Premium Checking |
0.20% |
0.20% |
$500 |
$0 |
| Premium Plus Checking (Direct Deposit Required) |
| $500 up to $25,000 |
0.25% |
0.25% |
$500 |
$0 |
| $25,000 up to $50,000 |
2.63% |
2.70% |
$25,000 |
$25,000 |
| $50,000 or more |
2.82% |
2.90% |
$50,000 |
$0 |
| Personal Interest Checking |
0.10% |
0.10% |
$500 |
$0 |
| Business Interest Checking |
0.10% |
0.10% |
$500 |
$50 |
| Not-for-Profit Checking |
0.10% |
0.10% |
$0 |
$50 |
| IOLTA Checking |
2.15% |
2.20% |
$500 |
$0 |
| Premium Statement Savings
|
| $500 up to $10,000 |
1.32% |
1.35% |
$500 |
$0 |
| $10,000 up to $25,000 |
1.71% |
1.75% |
$10,000 |
|
| $25,000 up to $50,000 |
2.05% |
2.10% |
$25,000 |
|
| $50,000 up to $75,000 |
2.19% |
2.25% |
$50,000 |
|
| $75,000 or more |
2.24% |
2.30% |
$75,000 |
|
Passbook
Savings |
0.30% |
0.30% |
$200 |
$0 |
Statement
Savings |
0.39% |
0.40% |
$100 |
$0 |
Youth
Savings |
0.74% |
0.75% |
$1 |
$0 |
Money Market Accounts (1) |
|
| Merrimack Maximizer Savings |
| $500 up to $10,000 |
1.23% |
1.25% |
$500 |
$0 |
| $10,000 up to $25,000 |
1.61% |
1.65% |
$10,000 |
| $25,000 up to $50,000 |
1.95% |
2.00% |
$25,000 |
| $50,000 up to $75,000 |
2.10% |
2.15% |
$50,000 |
| $75,000 or more |
2.15% |
2.20% |
$75,000 |
|
| Merrimack Money Fund |
| $500 up to $10,000 |
1.03% |
1.05% |
$500 |
$2,500 |
| $10,000 up to $25,000 |
1.42% |
1.45% |
$10,000 |
| $25,000 up to $50,000 |
1.76% |
1.80% |
$25,000 |
| $50,000 up to $75,000 |
1.90% |
1.95% |
$50,000 |
| $75,000 or more |
1.95% |
2.00% |
$75,000 |
|
| Business Money Fund |
| $500 up to $10,000 |
1.32% |
1.35% |
$500 |
$2,500 |
| $10,000 up to $25,000 |
1.71% |
1.75% |
$10,000 |
| $25,000 up to $50,000 |
2.05% |
2.10% |
$25,000 |
| $50,000 up to $75,000 |
2.19% |
2.25% |
$50,000 |
| $75,000 or more |
2.24% |
2.30% |
$75,000 |
|
| Not-for-Profit Money Fund |
| $500 up to $75,000 |
1.95% |
2.00% |
$500 |
$2,500 |
| $75,000 up to $250,000 |
2.00% |
2.05% |
$75,000 |
| $250,000 up to $1,500,000 |
2.15% |
2.20% |
$250,000 |
| $1,500,000 up to $2,500,000 |
2.15% |
2.20% |
$1,500,000 |
| $2,500,000 or more |
2.15% |
2.20% |
$2,500,000 |
|
|
- Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are available as Individual Retirement Accounts (IRAs).
- Interest on all Merrimack County Savings Bank's deposits is compounded continuously.
- Fees could reduce the earnings on Savings, Checking, and Money Fund Accounts.
- A substantial penalty is imposed on premature withdrawals from Certificates of Deposit.
- Please refer to the Account Terms brochures for applicable fees and other details.
|
|
(1) These are variable rate accounts and the interest rates and Annual Percentage Yields may change at the Bank's discretion. |
(2) This CD rate adjusts weekly to the most recent Average Auction Discount rate of the 91 Day U.S. Treasury Bills. Funds may be added as often as desired. |
(3) To qualify for this product, customer must have a Merrimack Premium Checking Account (see a CSR for details). |
(4) Adjusts to 90% of 91-day US Treasury Bill on the last Tuesday, effective the 1st of the next month. |
(5) APY varies only upon customer's election of Jump-Up option. |
Merrimack County Savings Bank Residential Mortgage Rates & Terms
| As you visit our website, please note that while we appreciate the interest of all of our visitors, our lending area is limited to Belknap, Carroll, Cheshire, Grafton, Hillsborough, Merrimack, Rockingham, Strafford, and Sullivan counties in the state of New Hampshire. The following is just a sample of our wide range of home loan programs. For example, we also have programs for first time homebuyers, investment properties, and construction to permanent loans. Please don't hesitate to contact any member of our mortgage team to discuss your needs. |
Fixed Rates (Conventional)
| Rates and payments are based on a $100,000 loan amount on owner-occupied, residential properties (including second homes) with a 20% down payment. Rates are posted
11/28/2008 and are subject to change without notice. |
40 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
7.875% |
0.75 |
7.983% |
$695.32 |
30 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
5.125% |
0.750 |
5.229% |
$544.49 |
5.250% |
0.500 |
5.332% |
$552.21 |
5.500% |
0.000 |
5.538% |
$567.79 |
15 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
4.500% |
2.000 |
4.867% |
$765.00 |
4.750% |
1.000 |
4.965% |
$777.84 |
5.250% |
0.000 |
5.314% |
$803.88 |
10 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
4.500% |
1.875 |
4.997% |
$1,036.39 |
4.750% |
1.000 |
5.057% |
$1,048.48 |
5.250% |
0.000 |
5.340% |
$1,072.92 |
5/1-Year Adjustable Rates***
| Rates and Payments are based on a $100,000 loan amount on owner-occupied, residential properties (including second homes) with a 20% down payment. Rates are posted 11/28/08 and are subject to change without notice. |
30 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
5.250% |
2.000 |
4.755% |
$552.21 |
5.500% |
1.000 |
4.760% |
$567.79 |
5.750% |
0.000 |
4.766% |
$583.58 |
15 Year Terms |
Rate |
Points |
Annual Percentage Rate
(APR) |
Monthly Principal
& Interest Payment |
4.875% |
2.000 |
4.941% |
$784.30 |
5.125% |
1.000 |
4.936% |
$797.32 |
5.375% |
0.000 |
4.932% |
$810.47 |
***5/1 Year adjustable rate loans have an annual adjustment cap of 2% and a lifetime cap of 6% with a margin of 3.00%. The index is the 1-Year Treasury Constant Maturity.
For more information about these or any of Merrimack County Savings Bank's many other mortgage loan programs, please contact one of our mortgage originators, or call us at (603) 225-2793.
|