Rates

 

Rates


Annual Percentage Yield (APY) is correct as of December 31, 2013.

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 .15% .15% $1,000
18 Months .20% .20% $1,000
24 Months .25% .25% $1,000
30 Months .30% .30% $1,000
36 Months .35% .35% $1,000
Health Savings .10% .10% $25

Savings
  APY Interest Rate Minimum to Open
Statement .01% .01% $100
First Saver (up to age 18) .01% .01% $25
Platinum
$2,500 - $9,999.99 .01% .01% $2,500
$10,000 or Over .02% .02% $2,500

Checking
  APY Interest Rate Minimum to Open
Gold Plus
$500-$999.00 .01% .01% $500
$1,000 - $4,999.99 .02% .02% $500
$5,000 or Over .02% .02% $500
Platinum
$2,500 - $9,999.00 .01% .01% $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 .01% .01% $100
$10,000 or Over .01% .01% $100
Money Market
  APY Interest Rate Minimum to Open
Personal and Business
$1,000 - $4,999.99 .025% .025% $1,000
$5,000 - $14,999.99 .025% .025% $1,000
$15,000 - $49,999.99 .050% .050% $1,000
$50,000 - $99,999.99 .050% .050% $1,000
$100,000 - $299,999.99 .100% .100% $1,000
$300,000 or Over .100% .100% $1,000

Annual Percentage Rate (APR) is correct as of Feb 1, 2014. 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.

New Vehicles & Recreational Vehicles (RV's & Boats)
Year Term Interest Rate APR*
2013-2014 36 Months As low as 1.950%
35 Payments of $287.62
1 payment of $287.70
2.274%
2013-2014 48 Months As low as 2.650%
47 payments of $220.88
1 payment of $221.10
2.896%
2013-2014 60 Months As low as 2.950%
59payments of $180.35
1 payment of $180.35
3.149%
2013-2014 72 Months As low as 3.950%
71 payments of $156.99
1 payment of $157.21
4.119%

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%.


Used Vehicles & Recreational Vehicles (RV's & Boats)
Year Term Interest Rate APR*
2011-2013 48 Months As low as 2.950%
47 payments of $222.21
1 payment of $222.29
3.196%
2011 - 2013 60 Months As low as 3.950%
59 payments of $184.84
1 payment of $185.03
4.150%
2008 - 2010 36 Months As low as 4.250%
35 payments of $297.80
1 payment of $297.73
4.574%
2005 - 2007 30 Months As low as 4.750%
29 payments of $355.89
1 payment of $355.75
5.132%

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 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 $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 February 1, 2014. 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
6 Year Balloon
10 Years As low as 3.95%
71 payments of $253.53
1 payment of $11,493.12
4.050%

Conventional
6 Year Balloon

15 Years As low as 3.95%
71 payments of $185.03
1 payment of $16,979.85
4.038%

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 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%.