Current Rates
| Deposit Rates | Loan Rates |
| Certificates of Deposit | Automobile Loans |
| Checking & Savings Accounts | Home Equity Loans |
| Money Market Accounts | Home Equity Lines of Credit |
| Health Savings Accounts | Home Mortgage Loans |
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For additional deposit rate information, please contact our Customer Service Department |
For additional loan rate information, contact our Consumer Loan Department |
Certificates of Deposit Interest Rates & Yields |
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| (Rates are current as of May 16, 2013. Rates shown are not guaranteed and are subject to change without notice. For complete information on deposit accounts, including up-to-the minute rate and fee information, please consult a Midland National Bank Customer Service Representative) | |
| CD Type & Term | Interest Rate | APY | Min. Opening Deposit |
|---|---|---|---|
| 7 Days | 0.05% | 0.05%* | $500 |
| 8 - 89 Days | 0.05% | 0.05%* | $500 |
| 90 - 181 Days | 0.10% | 0.10%* | $500 |
| 6 Months | 0.20% | 0.20%* | $500 |
| 12 Months | 0.25% | 0.25%* | $500 |
| 14 Months - Jump Rate | 0.25% | 0.25%* | $500 |
| 18 Months - Jump Rate | 0.35% | 0.35%* | $500 |
| 24 Months - Jump Rate | 0.45% | 0.45%* | $500 |
| 36 Months - Jump Rate | 0.70% | 0.70%* | $500 |
| 48 Months - Jump Rate | 0.90% | 0.90%* | $500 |
| 60 Months | 1.00% | 1.00%* | $500 |
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APY = Annual Percentage Yield * A substantial penalty may be assessed on funds withdrawn prior to maturity Fees may reduce earnings |
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Checking & Savings Accounts, Interest Rates & Yields
(Rates are current as of May 16, 2013. Rates shown are not guaranteed and are subject to change without notice. For complete information on deposit accounts, including up-to-the minute rate and fee information, please consult a Midland National Bank Customer Service9 Representative)
| Account Type | Interest Rate | APY | Min. Opening Deposit |
|---|---|---|---|
| VIP FREE Interest Checking | 0.05% | 0.05%* | $50 |
| 50+ FREE Interest Checking | 0.05% | 0.05%* | $50 |
| High Interest Checking | 0.10%# | 0.10%#* | $50 |
| Regular Savings | 0.10% | 0.10%* | $50 |
| Health Savings | 0.15% | 0.15%* | $50 |
| Christmas Club Savings | 0.40%^ | 0.40%^ | $50 |
| Money Market | $1,000 | ||
| Balance under $10,000 | 0.05% | 0.05%* | |
| $10,000 - $49,999 | 0.05% | 0.05%* | |
| $50,000 - $249,999 | 0.10% | 0.10%* | |
| Balance over $250,000 | 0.15% | 0.15%* | |
| Business Interest Checking | 0.05% | 0.05%* | $50 |
U.S. Treasury Bills |
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| 3 Month Treasury Bill | 0.045% | ||
| 6 Month Treasury Bill | 0.080% | ||
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Annual Percentage Yield (APY) is accurate as of the dates shown above. * Rates may change after the account is open & fees could reduce the earnings on the account. # Rate shown will be paid on all balances of $1,500 and higher. Balances below $1,500 will earn a rate of 0.05%. ^ Interest compounded daily and paid annually. Account not available to commercial/business customers. |
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Automobile Loan Interest Rates
(Rates are current as of May 16, 2013. Rates shown are not guaranteed and are subject to change without notice.)
| Vehicle Model Year: | Assumptions: | Interest Rate: | APR* | Loan Term |
|---|---|---|---|---|
| 2012 - 2013 | 3.90% | 4.41% | Up to 48 months | |
| 3.90% | 4.31% | Up to 60 months | ||
| Vehicle value of $25,000+ | 3.90% | 4.04% | Up to 72 months | |
| 2009 - 2011 | 3.90% | 4.57% | Up to 36 months | |
| 3.90% | 4.44% | Up to 48 months | ||
| 2007 - 2008 | 3.90% | 4.57% | Up to 36 months | |
| 2006 & older | 3.90% | 4.89% | Up to 24 months | |
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APR = Annual Percentage Rate Contract rate will be .25% lower if payments are automatically deducted each month from a Midland National Bank checking account Consumer non-Real Estate loan fee is 2% with a maximum fee of $100.00 * Disclosed APR's assume a $100.00 loan fee. Payment Example: A $10,000 loan at 3.90% would require a $100.00 loan fee and 48 monthly payments of $227.60 |
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| Go to Loan Disclosures & Applications | ||||
Home Equity Loan Interest Rates
(Rates are current as of May 16, 2013. Rates shown are not guaranteed and are subject to change without notice.)
| Loan term | Interest rate |
APR* |
|---|---|---|
| 60 Months (up to 80% loan-to-value) |
5.75% Fixed Rate |
6.17% |
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APR = Annual Percentage Rate *Disclosed APRs assume $10,000 loan with $100.00 origination fee. Payment Example: A $10,000 loan at 5.75% would require 60 monthly payments of $194.12. The payment does NOT include amounts for taxes and insurance premiums. If applicable, the actual payments will be greater. |
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Home Equity Line of Credit Interest Rates
(Rates are current as of May 16, 2013. Rates shown are not guaranteed and are subject to change without notice.)
| Loan amount | Interest rate | APR* |
|---|---|---|
| 80% or less of appraised value |
Wall Street Journal Prime + 1% |
Quarterly, the rate will adjust to 1 point over Wall Street Journal Prime. Wall Street Journal Prime is now 3.25% (eff. 12/17/2008). If it does not change, the first rate adjustment would be to 4.25% APR. Rate floor: Initial Rate |
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APR = Annual Percentage Rate Maximum interest rate is 18% APR |
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| Go to Loan Disclosures & Applications | ||
Fixed Rate Mortgage Loan Interest Rates
(Rates are current as of May 13, 2013. Rates shown are not guaranteed and are subject to change without notice.)
| The rates quoted below are for first mortgage loans on single-family, owner occupied, primary residential properties onlyin excess of $80,000.00. Rates offered are not guaranteed and are subject to change without notice. Terms may be locked-in, subject to a loan application and with final approval of credit and property. All loans are subject to minimum down payment, minimum credit scores, and maximum loan limits. Information on other loan programs, including Adjustable Rate and Jumbo Mortgages, Bridge, and Construction Loans, as well as rates for smaller loan amounts, are available upon request. | ||||
| 30 Year | RATE | POINTS | ORIGINATION FEE | APR |
|---|---|---|---|---|
| 3.500% | 0 | 0 | 3.540% | |
| Example: Based on a 20% down payment with no origination fee, a $100,000 loan would require 360 monthly principal and interest payments of $449.04 at a Note rate of 3.500%. The resulting annual percentage rate is 3.540%. The payment does NOT include amounts for taxes and insurance premiums. If applicable, the actual payment will be greater. | ||||
| 15 Year | RATE | POINTS | ORIGINATION FEE | APR |
| 2.875% | 0 | 0 | 2.947% | |
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Example: Based on a 20% down payment with no origination fee, a $100,000 loan would require 180 monthly principal and interest payments of $684.59 at a Note rate of 2.875%. The resulting annual percentage rate is 2.947%. The payment does NOT include amounts for taxes and insurance premiums. If applicable, the actual payment will be greater. APR = Annual Percentage Rate |
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| Go to Loan Disclosures & Applications | ||||
Adjustable Rate Mortgages (ARM) Interest Rates |
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If you prefer a home loan with an adjustable rate, Midland also offers Adjustable Rate Mortgage (ARM) loans. ARM loans are available in 3-year or 5-year terms. Please contact our Mortgage Lending Department for current rates and information about Adjustable Rate Mortgages.
Rates often change several times per day. For a specific rate quote, please contact one of our Mortgage Lending Experts and let us give you the BEST AVAILABLE RATE! |
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