| Rates
| Deposit Rates Effective October 14, 2008 |
|
Variable Rate Accounts |
Annual Percentage Yield
(APY) |
Interest Rate |
Minimum to Open |
Minimum Balance
to Earn Stated APY |
|
Super Statement Savings |
1.50% |
1.49% |
$500.00 |
$500.00 |
|
Statement Savings |
1.01% |
1.00% |
$25.00 |
$25.00 |
|
Online Only Super Statement Savings |
2.00% |
1.99% |
500.00* |
$500.00 |
|
Passbook Savings |
1.01% |
1.00% |
$25.00 |
$25.00 |
|
**Money Market with Checking |
1.75% |
1.74% |
$2,500.00 |
$2,500.00 |
|
Elite Money Market |
2.25% |
2.23% |
$40,000.00 |
$40,000.00 |
|
|
1.01% |
1.00% |
|
$2,500.00 to $39,999.99 |
|
MB NOW Checking |
.50% |
.50% |
$100.00 |
$250.00 |
|
MB Ultimate NOW Checking |
2.00% |
1.99% |
$25,000.00 |
$25,000.00 |
|
|
1.01% |
1.00% |
|
$.01 - $24,999.99 |
|
"No Frills" NOW Checking |
N/A |
N/A |
$100.00 |
N/A |
| Certificate of Deposit Rates Effective October 14, 2008 |
|
Certificate of Deposit |
Annual Percentage Yield
(APY) |
Interest Rate |
Minimum Balance
to Open and Earn Stated APY |
|
6 Month |
2.25% |
2.23% |
$500.00 |
|
***12 Month |
2.70% |
2.67% |
$500.00 |
|
14 Month |
3.00% |
2.96% |
$500.00 |
|
18 Month |
3.10% |
3.06% |
$500.00 |
|
***24 Month |
3.20% |
3.16% |
$500.00 |
|
36 Month |
3.30% |
3.25% |
$500.00 |
|
48 Month |
3.40% |
3.35% |
$500.00 |
|
***60 Month Bump-Up |
3.70%**** |
3.64% |
$500.00 |
|
|
|
|
|
| n *Maximum opening amount is $200,000. |
| n **No interest earned on balances below $2500.00 |
| n*** Terms also offered for IRA certificates of deposit. IRA certificates of deposit only: Minimum balance to open and earn stated APY is $250.00. Minimum balance to open and earn stated APY for 60 Month Bump-Up IRA Certificate of Deposit is $500.00. Additional deposits are allowed with a minimum of $10.00. |
| n ****At the customers written request, the APY on the 60 month certificate may be increased once during the term, without extending the maturity date. The upgraded rate will be the current regular rate on the same term Bump-Up Certificate. |
| n Madison Bohemian Savings Bank can open deposit accounts for Maryland and York County, PA residents, with the exception of internet accounts. |
| n All applicants must physically come into one of our five locations to open any account, with the exception of internet accounts. Proper identification must be supplied at account opening. |
| n Rates are subject to change without notice. |
| n Deposits earn interest from the day of deposit to day of withdrawal. Fees may reduce earnings. We use the daily balance method to calculate the interest. This method applies a periodic rate to the principal in the account each day. |
| n No additional deposits for Certificates Accounts, with the exception of IRA accounts. |
| n A penalty will be imposed on Certificates of Deposits that is equal to 90 days of simple interest on the withdrawn amount on account terms of 12 months or less. On account terms exceeding 12 months the penalty imposed will be 180 days of simple interest. The penalty will invade the principal if the penalty amount is greater than the interest earned at the time of withdrawal. |
| n NOW checking accounts are available for consumers and non-profit corporations. |
| n Contact us at (410)420-9600 or (410)254-3737 for additional information. |
Residential Purchase/Refinance Rates Effective October 10, 2008
|
|
Loan Program |
Interest Rate |
Points |
Annual Percentage Rate (APR) |
Rate/$1000 |
|
|
|
10 Year Fixed Rate |
5.750% |
0 |
5.881% |
10.98 |
|
|
|
15 Year Fixed Rate |
5.990% |
0 |
6.083% |
8.43 |
|
|
|
20 Year Fixed Rate |
6.000% |
0 |
6.074% |
7.16 |
|
|
|
30 Year Fixed Rate |
6.375% |
0 |
6.432% |
6.24 |
|
|
|
5/1 Adjustable Rate (30 yr) |
4.990% |
1 |
5.132% |
* |
|
|
| n * To determine your payments on the 5/1 Adjustable Rate Loan - The rate per thousand during the first 60 payments of your loan will be $5.36. The rate per thousand for the remaining term of 300 payments is $5.36. The current index effective 10/6/08 is 1.59. The margin is 2.75%. The interest rate discount/premium will be in effect for the first 60 payments of your loan. Contact us at 410-420-9600 or 410-254-3737 for information regarding the most recent index value. |
| n Maximum LTV for Refinances -90%. |
| n Maximum LTV for Purchases - 95%. |
Residential Home Equity Loans - Fixed Rate Effective October 10, 2008
|
|
Loan Program |
Interest Rate |
Points |
Annual Percentage Rate (APR) |
Rate/$1000 |
Maximum Loan to Value (LTV) |
|
|
5 Year Fixed Rate |
6.800% |
0 |
6.830% |
19.71 |
80% |
|
|
10 Year Fixed Rate |
7.500% |
0 |
7.517% |
11.87 |
80% |
|
|
15 Year Fixed Rate |
7.500% |
0 |
7.512% |
9.27 |
80% |
|
|
20 Year Fixed Rate |
7.750% |
0 |
7.760% |
8.21 |
80% |
|
Residential Construction Permanent/Rehab Loans (The rate is the same for both the construction & permanent) Effective October 10, 2008
|
|
Loan Program |
Interest Rate |
Points |
Annual Percentage Rate (APR) |
Rate/$1000 |
Maximum Loan to Value (LTV) |
|
|
10 Year Fixed Rate |
5.750% |
0 |
5.983% |
10.98 |
90% |
|
|
15 Year Fixed Rate |
5.990% |
0 |
6.159% |
8.43 |
90% |
|
|
20 Year Fixed Rate |
6.000% |
0 |
6.135% |
7.16 |
90% |
|
|
30 Year Fixed Rate |
6.375% |
0 |
6.480% |
6.24 |
90% |
|
|
5/1 Adjustable Rate (30 yr) |
4.990% |
1 |
5.173% |
* |
90% |
|
| n* To determine your payments on the 5/1 Adjustable Rate Loan - The rate per thousand during the first 60 payments of your loan will be $5.36. The rate per thousand for the remaining term of 300 payments is $5.36. The current index effective 10/6/08 is 1.59. The margin is 2.75%. The interest rate discount/premium will be in effect for the first 60 payments of your loan. Contact us at 410-420-9600 or 410-254-3737 for information regarding the most recent index value. |
| n Maximum 80% of valuation released during construction. |
| n Interest only during construction. |
Residential Lot Loans - Fixed Rate Effective October 10, 2008
|
|
Loan Program |
Interest Rate |
Points |
Annual Percentage Rate (APR) |
Rate/$1000 |
Maximum Loan to Value (LTV) |
|
|
20 Year Fixed Rate |
6.750% |
1 |
6.956% |
7.60 |
75% |
|
| n To estimate your payment divide your loan amount by 1000 and multiply by the rate per thousand for closed end loans. The terms of repayment can be estimated by multiplying your payment by the number of months in the loan. The rate per thousand is only based on P&I. |
| n Private Mortgage Insurance (PMI) required on LTV's over 80%(1st lien only, 1-4 family owner occupied). LTV's are based on the lesser of sales price, acquisition costs or the real estate valuation. |
| n Our lending territory is the Baltimore Metropolitan area & York County, PA. |
| n Proper identification must be supplied by all applicants, in person, at or prior to account opening. |
| n The APR is based on a loan amount of $100,000.00 and typical fees, except the Variable Rate Line of Credit. |
| n Variable Rate Lines of Credit - Closing costs range from $675.00 to $1,230.00 based on $50,000.00. The Annual Percentage Rate may vary. The maximum APR is 18.00% . |
| n 5/1 Adjustable Rate - The APR is subject to increase after consumation. The initial interest rate will be fixed for the first five (5) years of the loan. After the first five (5) years, the rate will be subject to change yearly based on the current index and margin. |
| n Interest Rates will be locked in for a period up to 60 days from the date of application, with the exception of Home Equity loans which are locked in for 45 days. All loans subject to credit approval. |
| n Rates subject to change daily. The stated rates are for loans up to $500,000.00 for 1-4 family owner occupied homes or residential lots. Contact the mortgage department for rates on loans over $500,000.00 and other non-owner occupied single family loans. |
| n Fees for appraisal, credit report and flood certification may be required at time of application. Fees may vary. |
| n Property and flood insurance may be required. |
| n Lot Loans will require a perk test and potability test prior to settlement if the site will be serviced by a well and/or septic. |
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