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Bank Owned Properties in Michigan

 

 Current Rates
Home   Current Rates

 

 

Our rates are posted as a convenience to you when making financial decisions. Realize rates are subject to change, when in doubt please Contact Us for more information. 

Loan Rates

Type
APR
Max Term
Rate

New Auto 2012

3.69%**

60 mos.

3.49%

Used Auto 2011

3.79%**

60 mos.

3.59%

Marine ($20,000 & over)

7.53%***

60 mos.

7.50%

Recreational Vehicles ($20,000 & over)

6.75%***

60 mos.

6.75%

**   Annual Percentage Rate ( APR) calculation based on $10,000 (new or used) loan amount. Rate discount requires auto deduction of loan payment from State Bank account and direct deposit into a State Bank account. View Additional Disclosures
*** Annual percentage rate (APR) calculation based on $35,000 loan amount.

Rates In Effect From 4/9/14 thru 4/16/14

Certificate Of Deposit / IRA Specials

CD Term
APY
Rate
Minimum Balance
48 Month 1.55% 1.54% $500.00
60 Month 1.75% 1.74% $500.00

 *APY - Annual Percentage Yield.  Annual percentage yields subject to 
      change without notice. Penalty for early withdrawal. 

Certificate Of Deposit / IRA Relationship Rates

CD Term
APY
Rate
Minimum Balance
12 Month .50% .50% $500.00
24 Month 1.05% 1.05% $500.00
36 Month 1.30% 1.29% $500.00

 *APY - Annual Percentage Yield.  Annual percentage yields subject to 
      change without notice. Penalty for early withdrawal. 

To obtain this special rate you must contact a bank representative.
*Active Checking Account Required


 

Certificate of Deposit / IRA Rates

TERM for COD & IRA
APY
Rate
Minimum Balance
7-31 days
.05%
.05%
$20,000
32 - 90 days
.05%
.05%
$10,000
91- 181  days
.05%
.05%
$2,500
182 - 364 days
.05%
.05%
$500
12 - 23 months
.10%
.10%
$500
24- 35 months
.15%
.15%
$500
36 - 47 months
.35%
.35%
$500
48 - 59 months
.35%
.35%
$500
60 months
.60%
.60%
$500

 *APY - Annual Percentage Yield.  Annual percentage yields subject to 
      change without notice. Penalty for early withdrawal. 

 

Deposit Account Rates

Account
APY
Rate
Minimum Balance
V.I.P.  Savings  **
.15%
.15%
$25,000
Prosperity  Savings ** (Personal/Business)
.01 %
Tiered
$0 -  $2,500
.15%
$20,001 +
Statement Savings
.05%
.05%
$100
Moola Moola Savings Account
.05%
.05%
$100
Paymate Performance Checking**
.05%
.05%
$0-$9,999
.10 %
.10 %
$25,000 - $49,999
.15%
.15%
$100,000+

 

* APY- Annual Percentage Yield  
  ** This is a variable interest rate account and rate may change after 
      account opening.  Fees may reduce earnings on the account.

 

Auto Loan Disclosure

Terms: 90% of purchase price from dealer if vehicle is new or less than 2 years old. 90% loan-to-value (LTV), based on the lower of NADA average trade. Processing Fee of $125 would apply. Rate Reduction of .25% with auto-debit from a State Bank account. No cash-out refinances on auto loans. APR is based on highest qualified borrowers for a $10,000 loan amount and includes $125 processing fee. Actual APR will be determined when you apply and will be based on many factors including credit history, vehicle age, make/model, amount financed and the term of your loan.

The APR shown in the chart includes the effect of such processing fee on a loan amount of $10,000 and assumes a 60 month term and LTV of 90%.

Sample transactions:
Payments on a $20,000.00 loan financed for 60 months at 3.49% rate are $363.81 Payments on a $10,000.00 loan financed for 60 months at 3.49% rate are $181.90

LTV is the amount you wish to borrow divided by the value of the vehicle where the value is determined by the MSRP of a new vehicle or the NADA trade-in value of a used vehicle. If your LTV is higher because you borrow more than these percentages, your rate will be higher. Rates shown assume excellent borrower credit history. Credit approval is subject to the bank's underwriting standards and is at its sole discretion. Limited time offer, which may be withdrawn at any time. Equal Housing Lender. FDIC Insured.

 

 

 


 
 
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