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Commercial Floating Loan Rate

New City Bank Prime is 4.00%

Real Estate Loan Rates
Single Family Residence Annual Percentage Rate  
   15 yr. fixed 7.75% 0 Points
   30 yr. fixed 8.50% 0 Points
   30 yr. - 7 yr. balloon 7.75% 0 Points
APR assumes a max 90% LTV  or  80% LTV for Jumbo loans     

 

*Appraisal fee (estimate $500) and credit report fee (approximately $ 20 per person) due with application. Title charges, flood plain, and documentation fee ($250) due upon closing. Property and life insurance required, See Advantage for details. Annual real estate tax proof of credit card payment required.

Multi-Family Dwellings (2 - 12 flats) Annual Percentage Rate  
15 yr./5 yr. balloon 7.75% 1 Point Minimum
 30 yr. - 5 yr. balloon 7.75% 1 Point Minimum
  APR assumes a max 80% LTV      
 

*Appraisal fee (estimate $1,500) and credit report fee (approximately $20 per person) due with application. Title charges, flood plain, and documentation fee ($300) due upon closing. Property insurance required. Annual real estate tax proof of payment. EZ Merchant Credit card processing payment statement is acceptable.

Home Equity Loans Annual Percentage Rate    
   7 yrs Prime Floating + 1%   0 Points
  (Wall Street Journal Prime is currently 3.250%*)
   APR assumes a max 70% LTV   

*Appraisal fee (estimate $500). Title charges due at closing. Property insurance required. Flood plain insurance may be required. Annual proof of real estate tax payment required.

  Product     Minimum Deposit to open Acct. No Fee Charged if Minimum Balance Maintained
Annual Percentage Yield Personal NOW 0.10 Rate 0.10 Annual Percentage Yield $500 $500
Annual Percentage Yield Business NOW 0.10 Rate 0.10 Annual Percentage Yield $1000 $1000
  Personal Money Market            
Annual Percentage Yield $0-99,999 0.25 Rate 0.25 Annual Percentage Yield $500 $500
Annual Percentage Yield $100,000-249,000 1.00 Rate 1.00 Annual Percentage Yield $500 $500
Annual Percentage Yield $250,000 & Up 1.980 Rate 2.00 Annual Percentage Yield $500 $500
  Business Money Market            
Annual Percentage Yield $0-99,999 0.25 Rate 0.25 Annual Percentage Yield $1000 $1000
Annual Percentage Yield $100,000-249,000 1.00 Rate 1.00 Annual Percentage Yield $1000 $1000
Annual Percentage Yield $250,000 & Up 1.980 Rate 2.00 Annual Percentage Yield $1000 $1000
               
Annual Percentage Yield Personal Savings 0.25 Rate 0.25 Annual Percentage Yield $100 $100
Annual Percentage Yield Business Savings 0.25 Rate 0.25 Annual Percentage Yield $250 $250
Annual Percentage Yield 6 Month CD 1.985 Rate 2.00 Annual Percentage Yield    
Annual Percentage Yield 1 Year CD 2.477 Rate 2.50 Annual Percentage Yield    
Annual Percentage Yield 18 Month CD 2.967 Rate 3.00 Annual Percentage Yield    
Annual Percentage Yield 2 Year CD 3.211 Rate 3.25 Annual Percentage Yield    
Annual Percentage Yield 3 Year CD 3.358 Rate 3.40 Annual Percentage Yield    
Annual Percentage Yield 5 Year CD 3.455 Rate 3.50 Annual Percentage Yield    
IRA Accounts are currently subject to the above listed rates.
* CD Special - When you open a checking account, receive 25 basis points on any CD of one year or more.
* Rates effective as of 12/19/2008 and are subject to change/
*Early withdrawal penalty on time deposits may be imposed equal to 6 months interest on amount withdrawn
* $.01 minimum balance to obtain APY

*For now, Money Market and Savings Accounts, the rate may change after the account is opened.

*"Fees could reduce the earnings on the account"

 
Auto Loans  *
6 months paid insurance prior to loan funding is required

 

 
New 2008          
12 - 36 months   10.0% Annual Percentage Rate    
37 - 60 months   10.0% Annual Percentage Rate    
Used 2003 to 2007           
12 - 36 months   12.0% Annual Percentage Rate    
37 - 60 months   12.0% Annual Percentage Rate    
Older than 2003           
Negotiable          
            
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     Copyright 2004 New City Bank. All Rights Reserved     Equal Opportunity Lender     Member FDIC     Phone: (312) 588-0088