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
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

(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
APY = Annual Percentage Yield
* A substantial penalty may be assessed on funds withdrawn prior to maturity
Fees may reduce earnings
 

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

     
3 Month Treasury Bill 0.045%    
6 Month Treasury Bill 0.080%    
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
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
Go to Loan Disclosures & Applications

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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%

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.

Go to Loan Disclosures & Applications

 

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%
adjusted quarterly 
Rate Floor: Initial Rate
 

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
APR = Annual Percentage Rate
Maximum interest rate is 18% APR
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%
         
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
Go to Loan Disclosures & Applications

Adjustable Rate Mortgages (ARM) Interest Rates

 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!
Contact: Marcene Carstensen or Paul Suderman now for a rate quote!

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