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current rates and annual percentage yields
Effective as of July 19, 2010
Please contact a personal banker about our preferred
pricing for Lake Elmo Bank customers at 651.777.8365.
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| Savings Certificates/IRAs (Interest Compounded Quarterly) |
|
Amount
|
Term
|
Interest
Rate |
APY
|
| $1,000 Minimum - $24,999 |
3 months |
.15% |
.15% |
| 6 months |
.30% |
.30% |
| 12 months |
.70% |
.70% |
| 18 months |
.90% |
.90% |
| 24 months |
1.15% |
1.16% |
| 30 months |
1.34% |
1.35% |
| 36 months |
1.44% |
1.45% |
| 48 months |
1.65% |
1.66% |
| 60 months |
2.35% |
2.37% |
| $25,000 Minimum & Over |
3 months |
.25% |
.25% |
| 6 months |
.40% |
.40% |
| 12 months |
.80% |
.80% |
| 18 months |
1.00% |
1.00% |
| 24 months |
1.25% |
1.26% |
| 30 months |
1.44% |
1.45% |
| 36 months |
1.54% |
1.55% |
| 48 months |
1.75% |
1.76% |
| 60 months |
2.45% |
2.47% |
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Add-vantage CD (Interest Credited at Maturity)
|
| Type |
Amount |
Interest
Rate |
APY
|
| 9 Month CD |
$1,000 Minimum - $24,999 |
.38% |
.38% |
| $25,000 & Over |
.48% |
.48% |
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| Specials |
| Type |
Amount |
Interest
Rate |
APY |
| 24 Month Step-Up CD* |
$1,000 Minimum - $24,999 |
.96% |
.96% |
| $25,000 & Over |
1.06% |
1.06% |
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Rates are subject to change and early withdrawal penalties may apply. Fees may reduce earnings. Please see account disclosure for individual charges and fees.
Substantial penalty for early withdrawal.
Equivalent of 3 months interest loss on CDs 3 months through 11 months.
Equivalent of 6 months interest loss on CDs 12 months and over.
*New Certificates of Deposit have a one-time Step-Up feature during the original term.
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A minimum of $100 is required to open all checking and savings accounts unless stated otherwise.
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Savings/Money Markets
(Interest Compounded Monthly or Quarterly using an accrual basis of 365 for each day in the year)
|
| Type |
Amount |
Interest
Rate |
APY |
| Money Market Savings (Compounded Monthly) |
|
|
|
|
$1,000 Daily Minimum balance4
|
|
|
|
| |
$500,000.00 + |
.90% |
.90% |
| $100,000.00 + |
.85% |
.85% |
| $99,999.99 - $50,000.00 |
.60% |
.60% |
| $49,999.99 - $25,000.00 |
.45% |
.45% |
| $24,999.99 - $10,000.00 |
.35% |
.35% |
| $1,000.00 - $9,999.99 |
.25%
|
.25% |
| |
Up to $999.99 |
.20%
|
.20%
|
Traditional, Youth & Custodial Savings1(Compounded Quarterly)
$200 Daily Minimum balance4 |
All Balances |
.20% |
.20% |
Christmas Club (Compounded Quarterly)
No minimum to open |
All Balances |
.20% |
.20% |
Thrift Savings (Compounded Quarterly)
$50 minimum opening deposit
$50 minimum average ledger balance4 |
$100.00 + |
.10% |
.10% |
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| *Minimum balance and minimum opening deposit waived for children until the age of 18. On the minor's 18th birthday, this account automatically becomes subject to the monthly service fees of the Traditional Savings account. |
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Interest Bearing Checking
(Interest Compounded Monthly using an accrual basis of 365 for each day in the year)
| Type |
Amount |
Interest
Rate |
APY
|
Integrity
$25,000 Average Ledger Balance2 |
$25,000.00+ |
0.39% |
0.39% |
| $.01 - $24,999.99 |
.15% |
.15% |
Relationship
$5,000 Combined Deposits4 |
All Balances |
.15% |
.15% |
Interest
$500 Daily Minimum Balance4 |
All Balances |
.10% |
.10% |
|
Benefit
No minimum to open
No minimum Balance3
|
All Balances |
.10% |
.10% |
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Health Savings Account (H.S.A.)5
No Minimum to open
$250 daily minimum Balance4
|
|
|
|
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$500,000.00 + |
.85% |
.85% |
| $100,000.00 - $499,999.00 |
.85% |
.85% |
| $50,000.00 - $99,999.99 |
.85% |
.85% |
| $25,000.00 - $49,999.99 |
.85% |
.85% |
| $10,000.00 - $24,999.99 |
.50% |
.50% |
| $1,000.00 - $9,999.99 |
.25%
|
.25% |
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Up to $999.99 |
.00%
|
.00%
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1. Minimum balance and minimum opening deposit waived for the children until the age of 18. On the minor's 18th birthday, this account automatically subject to the monthly service fees of the Traditional Savings account.
2. If average balance is not maintained, account will be reclassified and you will be notified with appropriate disclosure and effective date.
3. Available to employees of qualified business customers.
4. To avoid below balance monthly charge.
5. Available to individuals with qualified High Deductible Health Plan (HDHP).
Fees may reduce earnings. Rates may change after the account is opened. Please see account disclosure for individual charges and fees.
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|
current loan rates and annual percentage rates
Effective as of July 19, 2010
|
| Automobiles - Trucks1,2 (Down payment of 20% may be required) |
|
Model Year
|
Term
|
Interest
Rate
|
APR
|
Payment
|
| 2010 - 2009 (New) |
36 months |
5.55% |
5.722%
|
$302.96 |
| 2010 - 2009 (New) |
60 months |
6.15% |
6.258%
|
$194.53 |
| 2009 - 2007 (Used) |
48 months |
6.45% |
6.582% |
$237.53 |
| 2006 - 2003 (Used) |
36 months |
6.75% |
6.923% |
$308.42 |
| 2002- 2000 (Used) |
24 months |
10.95% |
11.209% |
$467.05 |
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| Motorcycles1,2 (Down payment of 30% may be required) |
|
Model Year
|
Term
|
Interest
Rate
|
APR
|
Payment
|
| 2010 - 2009 (New) |
48 months |
9.25% |
9.395% |
$250.73 |
| 2009 - Older (Used) |
36 months |
9.75% |
9.936% |
$322.37 |
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| Snowmobile - ATV Loans1,2(Down payment of 30% may be required) |
|
Model Year
|
Term
|
Interest
Rate
|
APR
|
Payment
|
| 2010 - 2009 (New) |
36 months |
9.75% |
9.94% |
$322.39 |
| 2009 - Older (Used) |
24 months |
10.25% |
10.528% |
$463.89 |
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| Boats (27' or less), Motors, Trailers1,2 (Down payment of 25% may be required) |
|
Model Year
|
Term
|
Interest
Rate
|
APR
|
Payment
|
| 2010 - 2009 (New) |
48 months |
9.55% |
9.698% |
$252.18 |
| 2009 - Older (Used) |
36 months |
10.55% |
10.743% |
$326.17 |
1 Requires a Lake Elmo Bank checking account or automatic payment form a Lake Elmo Bank account. Normal credit qualifications and some additional restrictions apply. Monthly payment based on a $10,000 loan plus a $25.00 processing fee. Other rates and terms available, contact a personal banker at 651-777-8365.
2 All loans subject to credit approval. |
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| Home Equity Installment Loan2,3,4 |
|
Term
|
Interest
Rate |
APR |
Payment
|
| 5 years |
6.70% |
6.804% |
$197.09 |
| 10 years |
7.20% |
7.259% |
$117.45 |
| 5 yr/20 yr amortization |
7.20% |
7.236% |
$78.95 |
| 10 yr/20 yr amortization |
7.70% |
7.736% |
$82.01 |
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| Home Equity Line of Credit2 |
|
Product
|
Interest
Rate |
Maximum APR |
|
10 year variable5
|
Prime + 1.50% variable |
12.95% |
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2 All loans subject to credit approval.
3 Requires a Lake Elmo Bank checking account or automatic payment from a Lake Elmo Bank account. Monthly payment based on a $10,000 loan.
4 No closing costs for loans of $100,000 or less. Rates and closing costs based on 80% loan-to-value (LTV) or less. Insurance may be required. For assistance in calculating your LTV please contact a personal banker. Other rates and terms may be available.
5 No closing costs for loans of $50,000 or less. Insurance may be required. Rates and closing costs based on 80% loan-to-value (LTV) or less. Rate is a variable rate based on Wall Street Prime Rate, with a maximum APR of 12.95% and minimum APR of 4.50%. The current rate is the minimum APR of 4.50%. Rate is subject to change. For assistance in calculating your LTV please contact a personal banker.
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