Rates
CD Rates
- A penalty may be assessed for early withdrawal.
Early/partial withdrawals on any amount withdrawn within the first six days after account opening are charged at least 7 days simple interest.
- Daily balance. The amount of principal in the account each day.
|
| 3 month CD1 |
0.50% |
0.50% |
1000.00 |
1000.002 |
| 6 month CD1 |
0.75% |
0.75% |
1000.00 |
1000.002 |
| 12 month CD1 |
0.90% |
0.90% |
1000.00 |
1000.002 |
| 18 month CD1 |
1.00% |
1.00% |
1000.00 |
1000.002 |
| 2 year CD1 |
1.24% |
1.25% |
1000.00 |
1000.002 |
| 3 year CD1 |
1.39% |
1.40% |
1000.00 |
1000.002 |
| 4 year CD1 |
1.69% |
1.70% |
1000.00 |
1000.002 |
| 5 year CD1 |
1.88% |
1.90% |
1000.00 |
1000.002 |
Savings Rates
| Product |
Rate |
APY* |
Minimum to Open |
Minimum to Obtain APY |
- The interest rate and annual percentage yield may change after account opening.
Fees could reduce earnings on the account
- Average daily balance. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
|
| Business Money Market3 |
0.50% |
0.50% |
50.00 |
1.004 |
| Business Money Market Plus3 |
|
50.00 |
1.004 |
| $500 - $24,999 |
0.50% |
0.50% |
|
| $25,000 and up |
0.80% |
0.80% |
|
| IRA Savings3 |
0.50% |
0.50% |
50.00 |
1.004 |
| Money Market3 |
0.50% |
0.50% |
50.00 |
1.004 |
| Statement Savings3 |
0.30% |
0.30% |
50.00 |
1.004 |
| Vantage Money Market Plus3 |
|
50.00 |
1.004 |
| $500 - $24,999 |
0.50% |
0.50% |
|
| $25,000 and up |
0.90% |
0.90% |
|
Checking Rates
| Product |
Rate |
APY* |
Minimum to Open |
Minimum to Obtain APY |
- The interest rate and annual percentage yield may change after account opening.
Fees could reduce earnings on the account
- Average daily balance. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
|
| Interest Checking5 |
|
50.00 |
500.006 |
| $500 and up |
0.25% |
0.25% |
|
| Business Interest Checking5 |
0.25% |
0.25% |
50.00 |
500.006 |
| Vantage Checking Plus5 |
|
50.00 |
500.006 |
| $500 - $2,499 |
0.25% |
0.25% |
|
| $2,500 and up |
0.25% |
0.25% |
|
Home Equity Line of Credit
|
Annual percentage rates (APR), vary based on the Prime Rate (plus the applicable margin based on loan-to-value) as
published in The Wall Street Journal (WSJ) on the last business day of the month. Minimum loan amount is $5,000.00.
Rate is reduced by .25% if payment is automatically deducted from a Vantage Point Bank Basic Checking Account.
Minimum APR is 3.99%. Maximum APR is 18%. Interest may be tax deductible, consult your tax advisor.
Offer subject to credit approvals. Other costs and fees will apply. Property insurance is required.
For further information, contact our Loan Department at (267)464-7099.
|
| WSJ Prime + .75% |
65% or less |
4.00% |
|
| WSJ Prime + 1.75% |
66% to 85% |
5.00% |
|
Home Equity Term Loans
|
Minimum loan amount is $2,500.00 for terms from 5 to 9 years,
and $10,000.00 for terms from 10 to 15 years. Annual Percentage Rate
(APR) is reduced by .25% if payment is automatically deducted from a
Vantage Point Bank Basic Checking Account. The monthly payment would
be $19.73 per $1,000 borrowed for a 5 year loan with a fixed rate of
6.85% APR, $11.64 per $1,000 borrowed for a 10 year loan at 7.05%
APR, and $9.13 per $1,000 borrowed for a 15 year loan at 7.25% APR.
APR is subject to change. Interest may be tax deductible, consult
your tax advisor. Offer subject to credit approvals. Other costs and
fees will apply. Property insurance is required. For further
information and rates on loans with LTV over 80%, contact our Loan
Department at (267)464-7099.
|
| 80% or below |
5.85% |
6.25% |
7.00% |
Vehicle Loan
|
Vantage Point Bank will not finance more than the Manufacturers
Suggested Retail Price (MSRP) of new automobiles, plus credit
insurance and extended warranty. For used automobiles, the Bank will
finance not more than 100% of the NADA retail value or Kelly Blue
Book value, not including credit insurance and extended warranty.
Annual Percentage Rate (APR) is reduced by .25% if payment is
automatically deducted from a Vantage Point Bank Basic Checking
Account. The monthly payment would be $23.71 per $1,000 borrowed for
a 4 year loan with a fixed rate of 6.49% APR. APR is subject to
change. Offer subject to credit approvals. *For further information
on terms available for used car loans, contact our Loan Department at
(267)464-7099.
|
| New |
1 – 48 months |
6.49% |
|
| Used |
varies* |
6.99% |
|
Consumer Credit Cards
|
Choose from VISA Platinum, VISA Classic, or Gold MasterCard.
*Earn one point for every $1 spent on your Preferred Points credit
card. Points can be redeemed for travel rewards; cash back rewards,
gifts card rewards and merchandise rewards. Available for both VISA
and MasterCard. No annual fee. Twenty five day grace period for all
purchases, no grace period for cash advances or balance transfers.
Cards are underwritten, issued, and serviced by TIB – The Independent
Bankers Bank. Offer subject to credit approvals. For further
information or to obtain an application, contact our Client Services
Department at (267)464-7000.
|
| Low Rate |
2.99% for first 6 months |
9.90% |
|
| Preferred Points* |
2.99% for first 6 months |
13.90% |
|
Business Credit Cards
|
*Earn one point for every $1 spent on your Preferred Points
credit card. Points can be redeemed for travel rewards; cash back
rewards, gifts card rewards and merchandise rewards. Available as
VISA only. No annual fee. Twenty five day grace period for all
purchases, no grace period for cash advances. Cards are underwritten,
issued, and serviced by TIB – The Independent Bankers Bank. Offer
subject to credit approvals. For further information or to obtain an
application, contact our Client Services Department at (267)464-7000.
|
| Standard |
12.90% |
|
|
| Preferred Points* |
12.90% |
|
|
Interest rates and annual percentage yields (APY) current as of January 5, 2012.
Rates subject to change without notice.
