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RatesSee our rate sheet below.
December Specials

Rates on this Rate Sheet are effective from December 5th, 2018 throughDecember 11th, 2018

APY - Annual Percentage Yield. (This Rate Sheet may be used as an insert to our Truth-in-Savings Disclosure)

Traditional Certificates of Deposit (C.D.)
Term Min Balance to Open/Obtain APY Interest Rate APY
Term Tier 4 Tier 3 Tier 2 Tier 4 Tier 3 Tier 2 Tier 4 Tier 3 Tier 2
Jumbo C.D’s (Tier 1 Balance $100,000 or greater) Rates/APY. Subject to Early Withdrawal Penalty: A penalty may be imposed for early withdrawal. See disclosure for details.
6 Mos $1,000 $10,000 $25,000 0.40% 0.45% 0.50% 0.40% 0.45% 0.50%
1 Year $1,000 $10,000 $25,000 0.75% 0.80% 0.85% 0.75% 0.80% 0.85%
2 Year $1,000 $10,000 $25,000 1.10% 1.15% 1.20% 1.10% 1.15% 1.21%
3 Year $1,000 $10,000 $25,000 1.25% 1.30% 1.35% 1.26% 1.31% 1.36%
4 Year $1,000 $10,000 $25,000 1.35% 1.40% 1.45% 1.36% 1.41% 1.46%
2 Year Second Chance CD
Term Min Balance to Open/Obtain APY Interest Rate APY
2 Year $1,000 1.15% 1.15%
Individual Retirement Accounts I.R.A.)
Jumbo I.R.A.'s (balance $100,000 or greater) Rates/APY's available upon request. Subject to Early Withdrawal Penalty: A penalty may be imposed for early withdrawal. See disclosure for details.
182 Day $1,000 $1,000 .65% .65%
18 Month* $25 $25 .80% .80%
30 Month $500 $500 2.58% 2.61%
48 Month $500 $500 2.50% 2.52%
Checking and Savings Accounts
*=Variable rate account. Rate may change after the account is opened.
We use the Daily Balance Computation Method to calculate interest in your account. This method applies a daily periodic rate to the principal in the account each day. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Checking & Savings Accounts Minimum Balance to Open Obtain APY Int Rate APY
Money Market* $2,500 -0- .05% .05%
Health Savings Acct* $100 $1,000 .10% .10%
Elite Checking* $500 Tier 1 $1,000 - 9,999 .02% .02%
    Tier 2 $10,000 - 24,999 .04% .04%
    Tier 3 $25,000 - up .07% .07%
Everyday Svg.* $100 -0- .09% .09%
Elite Savings* Tier 1 $24,999.99 and under .05% .05%
  Tier 2 $25,000.00 - $99,999.99 .25% .25%
  Tier 3 $100,000.00 and over .35% .35%
Jumbo Traditional Certficates of Deposit (C.D.)
Term/Type Min Balances to Open Acct. and Obtain APY/Tier 1 Interest Rate APY
6 Months $100,000 0.55% 0.55%
1 Year $100,000 0.90% 0.90%
2 Year $100,000 1.25% 1.26%
3 Year $100,000 1.40% 1.41%
4 Year $100,000 1.50% 1.51%
Second Chance $100,000 1.30% 1.31%
Jumbo Individual Retirement Accounts (I.R.A.)
* Variable rate account. Rate may change after account is opened.
Subject to Early Withdrawal Penalty: a penalty may be imposed for early withdrawal. See disclosure
We use the Daily Balance Computation Method to calculate interest in your account. This method applies a daily periodic rate to the principal in the account each day. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
182 Day IRA $100,000 0.80% 0.80%
18 Month – Variable* $100,000 0.95% 0.95%
30 Month $100,000 2.73% 2.76%
48 Month $100,000 2.65% 2.68%
Renewing No Penalty Certificates of Deposit
Balance Interest Rate A.P.Y.
Term Tier 4 Tier 3 Tier 2 Tier 1 Tier 4 Tier 3 Tier 2 Tier 1 Tier 4 Tier 3 Tier 2 Tier 1
7-31 Day $1,000 $10,000 $25,000 $100,000 0.05% 0.10% 0.15% 0.20% 0.05% 0.10% 0.15% 0.20%
91 Day $1,000 $10,000 $25,000 $100,000 0.05% 0.10% 0.15% 0.20% 0.05% 0.10% 0.15% 0.20%
182 Day $1,000 $10,000 $25,000 $100,000 0.30% 0.35% 0.40% 0.45% 0.30% 0.35% 0.40% 0.45%
1 Year $1,000 $10,000 $25,000 $100,000 0.37% 0.42% 0.47% 0.52% 0.37% 0.42% 0.47% 0.52%
2 Year $1,000 $10,000 $25,000 $100,000 0.47% 0.52% 0.57% 0.62% 0.47% 0.52% 0.57% 0.62%
3 Year $1,000 $10,000 $25,000 $100,000 0.57% 0.62% 0.67% 0.72% 0.57% 0.62% 0.67% 0.72%
4 Year $1,000 $10,000 $25,000 $100,000 0.67% 0.72% 0.77% 0.82% 0.67% 0.72% 0.77% 0.82%
First Mortgage/Refinance - Principal Residence
$475.00 Application fee due upon formal request
APR=Annual Percentage Rate. Rates are subject to change. All payment examples and APRs are based on $175,000 loan amounts, with 20% down payment. Property insurance required. Flood insurance may be required. Payment examples do not include amounts for taxes and insurance. Jumbo Loans $425,000 and over call Bank for Rates and Fees.
15 Year Fully Amortized Interest Rate: 4.99%APR: 5.08%
20 Year Fully Amortized Interest Rate: 5.10% APR: 5.17%
20 Year Amortization with 10 Year Balloon

Interest Rate: 5.05% APR: 5.14%

30 Year Amortization with 10 Year Balloon

Interest Rate: 5.12% APR: 5.20%

   

HELOC-Home Sweet Equity

  • No Application Fees
  • No Closing Costs
  • 5 Year Draw / 10 Year Repayment
  • Rates starting at 5.75%
  • $50 Annual Fee

*HELOC-Home Equity Line of Credit. The APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. The margin will range from .50%-1.00% depending on the amount of the line of credit. The Rate will not vary above 18% or below 3.75%. Loans are subject to Credit Approval and Program guidelines. Wall Street Journal Prime-5.25% as of September 27, 2018.

Rates are accurate as of November 28, 2018, and subject to change at any time.

Contact Porter Bank's Loan Department at 219-926-2136 for the most current rates and fees.

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