Rates
Rates
Annual Percentage Yield (APY) is correct as of May 29, 2013.
All rates are subject to change without notice. Fees or penalties may reduce earnings. Some accounts may be subject to early withdrawal penalties.| Term | APY | Interest Rates | Minimum to Open |
|---|---|---|---|
| 3 Months | .05% | .05% | $1,000 |
| 6 Months | .10% | .10% | $1,000 |
| 12 Months | .20% | .20% | $1,000 |
| 18 Months | .25% | .25% | $1,000 |
| 24 Months | .35% | .35% | $1,000 |
| 30 Months | .40% | .40% | $1,000 |
| 36 Months | .50% | .50% | $1,000 |
| Health Savings | .20% | .20% | $25 |
| APY | Interest Rate | Minimum to Open | |
|---|---|---|---|
| Statement | .02% | .02% | $100 |
| First Saver (up to age 18) | .02% | .02% | $25 |
| Platinum | |||
| $2,500 - $9,999.99 | .02% | .02% | 2,500 |
| $10,000 or Over | .02% | .02% | $2,500 |
| APY | Interest Rate | Minimum to Open | |
|---|---|---|---|
| Gold Plus | |||
| $500-$999.00 | .02% | .02% | $500 |
| $1,000 - $4,999.99 | .02% | .02% | $500 |
| $5,000 or Over | .02% | .02% | $500 |
| Platinum | |||
| $2,500 - $9,999.00 | .02% | .02% | $2,500 |
| $10,000 - $49,999.99 | .02% | .02% | $2,500 |
| $50,000 or Over | .02% | .02% | $2,500 |
| Business NOW (available to non-profit organizations or sole proprietors only) | |||
| $1,000 - $9,999.99 | .02% | .02% | $100 |
| $10,000 or Over | .02% | .02% | $100 |
| APY | Interest Rate | Minimum to Open | |
|---|---|---|---|
| Personal and Business | |||
| Less than $1,000.00 | .025% | .025% | $1,000 |
| $1,000 - $4,999.99 | .025% | .025% | $1,000 |
| $5,000 - $14,999.99 | .025% | .025% | $1,000 |
| $15,000 - $49,999.99 | .05% | .05% | $1,000 |
| $50,000 - $99,999.99 | .05% | .05% | $1,000 |
| $100,000 - $299,999.99 | .10% | .10% | $1,000 |
| $300,000 or Over | .10% | .10% | $1,000 |
Annual Percentage Rate (APR) is correct as of June 1, 2013. 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.
| Year | Term | Interest Rate | APR* |
|---|---|---|---|
| 2013-2014 | 36 Months |
As low as 1.950% 35 Payments of $287.64 1 payment of $287.81 |
2.279% |
| 2013-2014 | 48 Months |
As low as 2.650% 47 payments of $220.91 1 payment of $220.84 |
2.902% |
| 2013-2014 | 60 Months |
As low as 2.950% 59payments of $180.37 1 payment of $180.55 |
3.154% |
| 2013-2014 | 72 Months |
As low as 3.950% 71 payments of $157.02 1 payment of $156.93 |
4.124% |
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 90%.
| Year | Term | Interest Rate | APR* |
|---|---|---|---|
| 2011-2013 | 48 Months |
As low as 2.950% 47 payments of $222.24 1 payment of $222.15 |
3.202% |
| 2011 - 2013 | 60 Months |
As low as 3.950% 59 payments of $184.87 1 payment of $185.19 |
4.157% |
| 2008 - 2010 | 36 Months |
As low as 4.250% 35 payments of $297.85 1 payment of $297.81 |
4.585% |
| 2005 - 2007 | 30 Months |
As low as 4.750% 29 payments of $355.96 1 payment of $355.97 |
5.149% |
Loan to Value will be based on the average Blue Book trade value for refinances and confirmed dealer sales price on purchases.
Additional .50% increase on vehicles maxed at 100% financing.
Additional .25% increase on vehicles above 90% financing.
Personal and unsecured loan rates as low as 7.99%.
Certificate of Deposit secured loan rates 4.00% 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 $50.00. Payment amounts are approximate and for example purposes only. Actual payment amounts may vary from those represented here.
Annual Percentage Rate (APR) is correct as of June 1, 2013. 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 Fixed | Amortization | Interest Rate | APR* |
|---|---|---|---|
|
Conventional 3 Year Balloon |
10 Years |
As low as 3.95% 35 payments of $252.55 1 payment of $18,759.04 |
4.115% |
*APR (Annual Percentage Rate) and terms are calculated using a loan amount of $25,000 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%.
| Manufactured Homes Titled | Amortization | Interest Rate | APR* |
|---|---|---|---|
|
Conventional 3 Year Balloon |
15 years |
As low as 4.25% 35 payments of $188.11 1 payment of $21,375.08 |
4.407% |
*APR (Annual Percentage Rate) and terms are calculated using a loan amount of $25,000 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%.
| Construction Loan | Amortization | Interest Rate | APR* |
|---|---|---|---|
|
With permanent financing pre-approval |
1 year |
As low as 3.95% 11 payments of interest, plus 1 payment of $200,335.48 at maturity |
4.472% |
*APR (Annual Percentage Rate) and terms are calculated using a loan amount of $200,000 and assuming a fully amortized loan, plus a loan closing fee of $200.00 and title insurance closing fee of $300.00. 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 80%.
