Rates

 

Rates


Deposit Rates     |     Personal Loan Rates    |     Mortgage Loan Rates

 

Annual Percentage Yield (APY) is correct as of August 20, 2018

All rates are subject to change without notice. Fees or penalties may reduce earnings. Some accounts may be subject to early withdrawal penalties.

CD's and IRA's
 
Term APY Interest Rates Minimum to Open
3 Months .05% .05% $1,000
6 Months .10% .10% $1,000
12 Months 1.75% 1.74% $1,000
18 Months 2.50% 2.48% $1,000
24 Months .20% .20% $1,000
30 Months .25% .25% $1,000
36 Months 3.00% 2.97% $1,000
48 Months 3.15% 3.11% $1,000
60 Months 3.25% 3.21% $1,000
Health Savings .01% .01% $25

Savings
  APY Interest Rate Minimum to Open
Statement .01% .01% $200
Makes Cents* .01% .01% $25
First Saver (up to age 18) .01% .01% $25
Platinum
$2,500 - $9,999.99 .01% .01% $2,500
$10,000 or Over .01% .01% $2,500
Vacation/Christmas Club .50% .50% $5

     *Minimum $100 daily ledger balance to receive interest


Checking
  APY Interest Rate Minimum to Open
Gold Plus
$500-$999.00 .01% .01% $500
$1,000 - $4,999.99 .01% .01% $500
$5,000 or Over .01% .01% $500
Platinum
$2,500 - $9,999.00 .01% .01% $2,500
$10,000 - $49,999.99 .01% .01% $2,500
$50,000 or Over .01% .01% $2,500
Business NOW (available to non-profit organizations or sole proprietors only)
$1,000 - $9,999.99 .01% .01% $100
$10,000 or Over .01% .01% $100
Premier Business Checking
  .01% .01% $5000
Money Market
  APY Interest Rate Minimum to Open
Personal and Business
$2,500 - $4,999.99 .01% .01% $2,500
$5,000 - $14,999.99 .01% .01% $2,500
$15,000 - $49,999.99 .01% .01% $2,500
$50,000 - $99,999.99 .01% .01% $2,500
$100,000 - $299,999.99 .01% .01% $2,500
$300,000 or Over .01% .01% $2,500

Annual Percentage Rate (APR) is correct as of June 20, 3018. All loan rates are subject to change without notice. These rates are intended for informational purposes only and do not take the place of the Truth-In-Lending Disclosure that sets-forth the specific terms applicable to individual transactions. It is the general practice of Gateway Community Bank to lend to individuals that reside in Winnebago County in Illinois and Rock County in Wisconsin. For a copy of the bank’s Community Reinvestment Act Notice, please contact us in writing at: Gateway Community Bank, 5390 Williams Drive, Roscoe, IL 61073.

To qualify for stated loan rates, borrower must have an autopay from a Bank Account. If no autopay is set up on loan, the stated interest rate will increase by 0.50% for all vehicle terms listed below. Stated interest rates will increase by .50% with each term for any loan extension of additional 6 months requested. Payment amounts are approximate and for example purposes only. Actual payment amounts may vary from those represented here.

New Vehicles & Recreational Vehicles (RV's & Boats)
Year Term Interest Rate APR*
2017-2019 36 Months As low as 3.24%
35 Payments of $294.22
1 payment of $294.45
3.772%
2017-2019 48 Months As low as 3.74%
47 payments of $226.45
1 payment of $226.26
4.146%
2017-2019 60 Months As low as 4.24%
59 payments of $186.75
1 payment of $186.90
4.571%
2017-2019 72 Months

As low as 4.74
71 payments of $161.15
1 payment of $160.84

5.021%

Loan to Value will be based on the lesser of the Blue Book Value or the purchase price.
Additional .250% added to rate if Loan to Value is over 100%.


Used Vehicles & Recreational Vehicles (RV's & Boats)
Year Term Interest Rate APR*
2015 - 2018 48 Months As low as 4.24%
47 payments of $228.70
1 payment of $228.90
4.648%
2015 - 2018 60 Months As low as 4.74%
59 payments of $189.05
1 payment of $188.79
5.073%
2012 - 2014 48 Months

As low as 5.74%
35 payments of $237.87
1 payment of $238.07

6.657%
2009 - 2011 36 Months As low as 6.24%
29 payments of $307.79
1 payment of $307.70
6.785%

Loan to Value will be based on the average Blue Book trade value for refinances and confirmed dealer sales price on purchases.
Additional .25% increase on vehicles above 100% financing.

Personal and unsecured loan rates as low as 8.25%.
Certificate of Deposit secured loan rates 3.00% over current Certificate of Deposit rate.

Motorcycle Loans will be 1.00% over the stated rates for Vehicles..

*APR (Annual Percentage Rate) and terms are calculated using a loan amount of $10,000, assuming a fully amortized loan, and plus a loan closing fee of $80.00. Borrower(s) are responsible for tax, titling, and licensing fees associated with loan.   

Annual Percentage Rate (APR) is correct as of April 20, 2018. All rates are subject to change without notice. These rates are intended for informational purposes only and do not take the place of the Truth-In-Lending Disclosure that sets-forth the specific terms applicable to individual transactions. It is the general practice of Gateway Community Bank to lend to individuals that reside in Winnebago County in Illinois and Rock County in Wisconsin. For a copy of the bank's Community Reinvestment Act Notice, please contact us in writing at: Gateway Community Bank, 5390 Williams Drive, Roscoe, IL 61073. Fixed first mortgage loans rates may change daily (15 year, 20 year, 30 year) and are available upon request.

Home Equity Adjustable Amortization Interest Rate APR*
3/3 Adjustable Rate Loan Up to 30 Years Contact a Personal Banker for current rate.  

3/1 Adjustable Rate Loan

Up to 30 Years Contact a Personal Banker for current rate.  

Home Equity Revolving Amortization Interest Rate APR*
Conventional
3 Year Balloon
3 Years Contact Personal Banker
for current rate.
 

*APR (Annual Percentage Rate) and terms are calculated using the loan amount and assuming a fully amortized loan, plus a loan closing fee of $100.00. Payment amounts and fees are approximate and for example purposes only. Actual payment amounts may vary from those represented here. Examples are based on a loan to value ratio of 75%.