Checking and Savings Accounts
Rates are subject to change. Annual Percentage Yield reflects reinvestment of interest. Fees may reduce earnings. Contact any office for additional terms and conditions on our accounts.
Transaction Account Guarantee Program Notice:
Hastings City Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts* are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
*Interest checking accounts paying 0.5% or less are also covered under the Transaction Account Guarantee Program.
Other Consumer Loans
Rates are subject to change without notice. Loans are subject to credit approval. Home Equity Line of Credit annual percentage rate varies through the life of the loan. Home Equity Line of Credit and Primeline closing costs are waived when the State Equalized Value (SEV) of your home can be used in place of the normally required appraisal. Primeline rates may vary and are indexed to the Prime Rate as published in the Wall Street Journal. Primeline maximum annual percentage rate is 25%. $75 annual fee applies to Primeline and Equity Advantage, with a $250 pre-payment penalty if closed in the first three years (from date of the original contract). Homeowner’s Insurance is required under all of the Home Equity plans. Repayment terms for a typical loan of $5,000 at 10.00% for 48 months would be a monthly payment of $126.81 over the life of the loan. Contact any office if you require more information.
Mortgage Loans
Rates are subject to change without notice. Loans are subject to credit approval. ARM rates vary over the life of the loan. As an example, a 30-year, $100,000, 3 Year ARM with an annual percentage rate of 6.471% would have 36 monthly payments of $583.57 for the first three years and 324 monthly payments in the initial amount of $636.41 each. A 30 year $100,000, 5 year ARM with an annual percentage rate of 7.132% would have 60 monthly payments of $591.54 over the first 5 years, and 300 monthly payments in the initial amount of $709.41 each. A 15 year, $100,000 loan with an annual percentage rate of 5.747% would have a monthly payment of $823.73 over the life of the loan. A 20 year $100,000 loan with an annual percentage rate of 5.973% would have a monthly payment of $709.24 over the life of the loan. A 30-year, $100,000 loan with an annual percentage rate of 6.200% would have a monthly payment of $607.61 over the life of the loan. Contact any office if you require more information. Homeowner’s Insurance is required under all of the Mortgage Loan plans.
New Procedures for Opening an Account
To help the government fight the funding of terrorism and money laundering activities, and to help prevent Identity Theft, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Asking for this information each time you open a new account helps protect you from Identity Theft.