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Savings
& Checking Rates
Effective
Date: March 1, 2010.
Rates are subject to change without notice.
Savings & Checking |
Interest
Rate |
APY |
| Statement
Savings |
.25 |
.25 |
Jumbo Savings
(daily blance $25,000 - $99,999.99) |
1.00 |
1.01 |
| (over $100,000) |
1.19 |
1.20 |
| Interest Earning (NOW) Checking* |
.05 |
.05 |
| 50 PLUS Checking with Rewards |
.05 |
.05 |
Wall Street Checking
(daily balance $1.00-$2,499.99) |
.05 |
.05 |
| (over $25,000.00) |
.05 |
.05 |
| VIP Checking with Rewards |
.05 |
.05 |
Giant Steps Money Market Acc. |
Interest
Rate |
APY |
| (daiy balance $1.00-$2,499.99) |
.10 |
.10 |
| (daily balance $2,500-24,999.99) |
.65 |
.65 |
| (daily balance $25,000 or more) |
.90 |
|
*NOW Checking not available for business accounts.
Annual
Percentage Yield (APY) may change at any time. Minimum deposit to
open savings and money market accounts is $1.00 and for checking
accounts is $50.00. Minimum balance to obtain the APY is $1.00.
Fees could reduce the earnings
on the account.
Jumbo Savings Account:
This account is an interest bearing account. When the daily balance is between $25,000 and $99,999.99 the annual percentage yield on the account is 1.01%. When the daily balance is $100,000 or more, the annual percentage yield on the account is 1.20% at our discretion, we may change the interest rate daily. Interest begins to accrue on the business day you deposit non-cash items (for example, checks.) Interest will be compounded monthly. Interest will be credited to the account monthly.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $25,000 in the account each day to obtain the disclosed annual percentage yield. The minimum opening deposit is $25,000. Should the balance fall below $25,000 the interest rate and annual percentage yield will be .50%.
You may make six (6) transfers from your account each four (4) weeks, or similar period.
A $25.00 per month service charge will apply if the balance drops below the $25,000 minimum daily balance requirement.
Giant Steps Account Rate Information:
This account is an interest bearing account. The interest rate and Annual Percentage Yields may change. When the daily balance is between $2,500 and $24,999.99 the annual percentage yield on the account is based on the thirteen week Treasury Bill discount rate less 1 1/2%. When the daily balance is $25,000 or more, the annual percentage yield on the account is based on the thirteen week Treasury Bill discount rate less 1%. When the daily balance is below $2,500, the annual percentage yield is based on our current NOW account rate. We will change the interest rate on the account weekly to reflect the latest auction. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly. Interest will be credited to the account monthly. If you close the account before interest is credited, you will not receive the accrued interest. The minimum opening deposit is $1.00. Fees could reduce earnings on the account.
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Certificates
of Deposit
Effective
Date: March 1, 2010.
Rates are subject to change without notice.
Certificates
of Deposit |
Interest
Rate |
APY |
| 60
Day |
.50 |
.50 |
| 91
Day |
.50 |
.50 |
| 6 Month |
.74 |
.75 |
| 12 Month |
1.24 |
1.25 |
| 18
Month Bump Rate |
1.49 |
1.50 |
| 24
Month |
1.75 |
1.75 |
| 36
Month |
2.23 |
2.25 |
| 48
Month |
2.47 |
2.50 |
| 60
Month |
2.72 |
2.75 |
Annual
Percentage Yield may change without notice. The minimum balance
to open the account and obtain the APY is $1,000. An early withdrawal
penalty of up to six months' loss of interest may apply. Fees could reduce earnings.
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Retirement
Investments Rates
Effective
Date:March 1 , 2010.
Rates are subject to change without notice.
Retirement
Investments |
Interest
Rate |
APY |
| Money
Market |
.05 |
.05 |
| 1
Year CD |
1.24 |
|
| 2
1/2 Year CD |
1.98 |
2.00 |
| 5
Year CD |
2.72 |
2.75 |
Annual
Percentage Yield may change without notice. The APY assumes that
principal and interest will remain on deposit for one year. There
may be a penalty for early withdrawal. Fees could reduce the earnings
on the account. Minimum deposit to open a certificate of deposit
and obtain the APY is $1,000. For retirement accounts, the minimum
deposit to open an account is $500.
For more rate information, please
call (203) 462-4400.
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Home Equity Loan Rates
Effective
Date:March 1, 2010.
Rates are subject to change without notice.
Loan Amount
(to 80% LTV) |
Term |
Rate |
APR |
| Up to $100,000 |
5-10 Years |
5.500% |
5.596% |
| Up to $100,000 |
11-15 Years |
5.625% |
5.694% |
| $100,001- $500,000 |
5-10 Years |
5.750% |
5.851% |
| $100,001- $500,000 |
11-15 Years |
5.875% |
5.948% |
| $500,001 and Above |
5-10 Years |
6.000% |
6.106% |
| $500,001 and Above |
11-15 Years |
6.125% |
6.190% |
Mortgage loans from First County Bank are available for Connecticut
properties only.
Repayment Example:
A 15-year $100,000.00 fixed rate loan with an interest rate of 5.625% has an APR of 5.694%. The loan will be repayable in 180 monthly installments of principal and interest of $830.41.
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