Main Post

PorterChestertonPines
 
image
RatesSee our rate sheet below.
CD Specials
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 0.25% 0.30% 0.35% 0.25% 0.30% 0.35%
1 Year $1,000 $10,000 $25,000 0.45% 0.50% 0.55% 0.45% 0.50% 0.55%
2 Year $1,000 $10,000 $25,000 0.60% 0.65% 0.70% 0.60% 0.65% 0.70%
3 Year $1,000 $10,000 $25,000 0.70% 0.75% 0.80% 0.70% 0.75% 0.80%
4 Year $1,000 $10,000 $25,000 0.85% 0.90% 0.95% 0.85% 0.90% 0.95%
2 Year Second Chance CD
Term Min Balance to Open/Obtain APY Interest Rate APY
2 Year $1,000 0.55% 0.55%
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 .50% .50%
18 Month* $25 $25 .55% .55%
30 Month $500 $500 .85% .85%
48 Month $500 $500 1.00% 1.00%
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* $1,000.00 -0-    
  Tier 1 $24,999.99 and under .04% .04%
  Tier 2 $25,000.00- $99,999.99 .09% .10%
  Tier 3 $100,000.00 and over .16% .20%
Health Savings Acct* $100 $100 .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- .07% .07%
Elite Savings* Tier 1 $24,999.99 and under .05% .05%
  Tier 2 $25,000.00 - $99,999.99 .12% .12%
  Tier 3 $100,000.00 and over .17% .17%
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 0.40% 0.40%
1 Year $100,000 0.60% 0.60%
2 Year $100,000 0.75% 0.75%
3 Year $100,000 0.85% 0.85%
4 Year $100,000 1.00% 1.00%
Second Chance $100,000 0.70% 0.70%
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 0.65% 0.65%
18 Month – Variable* $100,000 0.70% 0.70%
30 Month $100,000 0.85% 0.85%
48 Month $100,000 1.00% 1.00%
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 0.20% 0.25% 0.30% 0.35% 0.20% 0.25% 0.30% 0.35%
1 Year $1,000 $10,000 $25,000 $100,000 0.30% 0.35% 0.40% 0.45% 0.30% 0.35% 0.40% 0.45%
2 Year $1,000 $10,000 $25,000 $100,000 0.40% 0.45% 0.50% 0.55% 0.40% 0.45% 0.50% 0.55%
3 Year $1,000 $10,000 $25,000 $100,000 0.45% 0.50% 0.55% 0.60% 0.45% 0.50% 0.55% 0.60%
4 Year $1,000 $10,000 $25,000 $100,000 0.55% 0.60% 0.65% 0.70% 0.55% 0.60% 0.65% 0.70%
Conventional First Mortgage/Refinance - Principal Residence

No Points or Rate Lock Fees

APR=Annual Percentage Rate. Rates are subject to change. All payment examples and APRs are based on $200,000 loan amounts, with 20% down payment. Property insurance required. Flood insurance may be required. Payment examples do not include amounts for taxes and insurance, actual payment obligations will be greater. Jumbo Loans $510,000and over call Bank for Rates and Fees.
15 Year Fixed Rate Interest Rate: 3.75% APR: 3.88%
20 Year Fixed Rate Interest Rate: 3.80% APR: 3.90%
30 Year Fixed Rate Interest Rate: 3.85% APR: 3.92%
Other Mortgage Programs with Higher Loan to Value ratio, and VA loans available with our Secondary Market.
Contact a Loan Officer at any branch location for further information.
Main Office- 219-926-2136, Chesterton Branch- 219-926-4422, Pines Branch-219-874-3425
New Construction One-Time Close
*APR=Annual Percentage Rate. Rates are subject to change. Loan consists of two phases with fixed rate; 12-month Contruction phase with Interest only payments. Loan modified into permanent financing after construction is complete with Interest and Principal payments. All Payment examples and APRs are based on $200,000 loan amount. Loan to Value Requirement; The Lesser of 80% of Appraised Value of 90% of Hard Costs. Borrower must have Licensed General Contractor. Subject to credit approval and normal underwriting standards. Property Insurance required. Flood insurance may be required. Payment examples do not include amounts for taxes and insurance, actual payment obligations will be greater.
12-month Const./15 Year Fixed Rate Interest Rate: 3.75% *APR: 3.94%
12-month Const./20 Year Fixed Rate Interest Rate: 3.80% *APR: 3.95%
12-month Const./30 Year Fixed Rate Interest Rate: 3.85% *APR: 3.96%
Jumbo Loans (over $510,000.00) Add 0.10%
$485.00 Application fee due upon acceptance of Loan Estimate
Second Mortgage Term Fixed Rate
*APR=Annual Percentage Rate. Rates are subject to change. All Payment examples and APRs are based on $50,000 loan amounts with 20% down payment. Property Insurance required. Flood insurance may be required. Payment examples do not include amounts for taxes and insurance, actual payment obligations will be greater. Maximum Loans $125,000.
5 Year Fully Amortized Interest Rate: 4.29% *APR: 4.44%
10 Year Fully Amortized Interest Rate: 4.79% *APR: 4.87%

 

HELOC-Home Sweet Equity

  • No Application Fees
  • No Closing Costs
  • 5 Year Draw / 10 Year Repayment
  • Rates starting at 4.25%
  • $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 3.25% as of March 17, 2020.

Rates are accurate as of July 8, 2020 and subject to change at any time.

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

FDIC