Rates Effective March 9, 2008
Rates are subject to change without notice.
Please contact your local banking center for the most current rates.
Interest is calculated on a simple interest basis and requires interest to be paid at least annually on CD’s more than one year. CD’s in the amount of $10,000 or less must have interest deposited into an account at Central Progressive Bank. A penalty may be imposed for early withdrawal. ***Jumbo rates do not apply to CD Specials. Interest paid directly into any CPB checking or savings account will receive an additional 10 basis points during the initial term. Renewed CD's and specials will not automatically receive the additional 10 basis points. Jumbo rates require a balance of $100,000 or greater. Jumbo rates do not apply to CD specials.
| Terms |
Minimum Deposit to Open Account |
Minimum Balance to Obtain APY* |
Interest Rate |
APY |
JUMBO APY*** |
|
$1,000 |
$1,000 |
0.10% |
0.10% |
0.10% |
|
$1,000 |
$1,000 |
0.30% |
0.30% |
0.30% |
|
$1,000 |
$1,000 |
0.30% |
0.30% |
0.30% |
|
$1,000 |
$1,000 |
1.60% |
1.60% |
1.60% |
|
$1,000 |
$1,000 |
1.70% |
1.70% |
1.70% |
|
$500 |
$500 |
2.00% |
2.00% |
2.00% |
|
$500 |
$500 |
2.15% |
2.15% |
2.15% |
|
$500 |
$500 |
2.75% |
2.75% |
2.75% |
|
$500 |
$500 |
2.20% |
2.20% |
2.20% |
|
$500 |
$500 |
2.40% |
2.40% |
2.40% |
|
$500 |
$500 |
2.40% |
2.40% |
2.40% |
|
$500 |
$500 |
2.45% |
2.45% |
2.45% |
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| Account Type |
Min. Dep. To Open Account |
Min. Bal. To obtain APY* |
Interest Rate |
APY* |
|
$50 |
$0 |
0.50% |
0.50% |
|
$5 |
$0 |
0.50% |
0.50% |
|
$5 |
$0 |
0.50% |
0.50% |
|
$50 |
$250,000 |
1.09% |
1.10% |
|
|
$100,000 |
1.00% |
1.00% |
|
|
$50,000 |
.85% |
.85% |
|
|
$2,500 |
.50% |
.50% |
|
|
<$2,500 |
.00% |
.00% |
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Traditional IRA’s: Interest paid at maturity only
Roth & Educational IRA’s: Interest compounded annually.
Jumbo rates require a balance of $100,000 or greater.
| Terms |
Minimum Deposit to Open Account |
Minimum Balance to Obtain APY* |
Interest Rate |
APY |
Jumbo Rate |
Jumbo APY |
|
$100 |
$100 |
2.50% |
2.50% |
2.50% |
2.50% |
|
$100 |
$100 |
2.50% |
2.50% |
2.50% |
2.50% |
|
$100 |
$100 |
2.48% |
2.46% |
2.48% |
2.46% |
|
$100 |
$100 |
2.48% |
2.46% |
2.48% |
2.46% |
|
$100 |
$100 |
2.44% |
2.41% |
2.44% |
2.41% |
|
$100 |
$100 |
2.44% |
2.41% |
2.44% |
2.41% |
|
$100 |
$100 |
2.33% |
2.25% |
2.33% |
2.25% |
|
$100 |
$100 |
2.33% |
2.25% |
2.33% |
2.25% |
|
$100 |
$100 |
2.35% |
2.25% |
2.35% |
2.25% |
|
$100 |
$100 |
2.35% |
2.25% |
2.35% |
2.25% |
|
$500 |
$500 |
2.35% |
2.25% |
2.35% |
2.25% |
|
$500 |
$500 |
2.35% |
2.25% |
2.35% |
2.25% |
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Wealth Builder Money Market Accounts can be opened for both personal and business accounts.
| Account Type |
Minimum Deposit to Open Account |
Minimum Balance to Obtain APY* |
Interest Rate |
APY* |
|
$500 |
>.00 |
1.00% |
1.00% |
|
$500 |
$50,000 |
1.24% |
1.25% |
|
$500 |
$200,000 |
1.59% |
1.60% |
|
$500 |
$500,000 |
1.83% |
1.85% |
|
$500 |
$1,000,000 |
1.98% |
2.00% |
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Is It Time To Refinance?
- Is your current 30 year mortgage rate above 6.5%?
- Do you currently have an adjustable rate or a balloon mortgage?
- Do you have alot of equity in your home that could be put to use in other areas (Expansion, College, or Debt Consolidation)?
Rates Effective March 9, 2008
| Term |
Rate |
APR** |
Discount Points |
Origination Fee |
Number of Days |
|
6.25 |
6.2891 |
0 |
0 |
30 |
|
5.75 |
5.8139 |
0 |
0 |
30 |
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Quotes are based upon:
Loans between $100,000 - $417,000,
middle credit score of 680 and above,
primary residence,
single family and
30 day rate lock period.
Subject to credit and property approval.
Rate/Term refinance (No cash out).
Cash out refinance available at slightly different terms.
**Annual Percentage Rate (APR) calculated at 80% loan to value, $100,00 loan amount.
Please call your local officer.
Rates subject to change at any time.
*APY: Annual Percentage Yield
