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Interest Rates
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CHECKING AND SAVINGS ACCOUNTS |
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| Account Type | Interest Rate | Annual Percentage Yield (APY) | Minimum Balance* | Interest Credited |
| NOW Checking | 0.05% | 0.05% | $250 | Monthly |
| Passbook Savings | 0.15% | 0.15% | $100 | Quarterly |
| Statement Savings | 0.15% | 0.15% | $100 | Monthly |
| Christmas Club | 0.15% | 0.15% | ** | Quarterly |
| Money Market Plus Account | Please contact the bank for rate information. | |||
Rates subject to change without notice. * Minimum Balance refers to the minimum account balance required to obtain the annual percentage yield (APY) disclosed. For NOW checking it refers to the minimum daily balance required to avoid the imposition of a monthly service charge. ** A Christmas Club may be opened at any time and there is no minimum deposit required. Other fees may apply for various services, please refer to our Service Fee Schedule. The minimum deposit for each type of account varies. For more detailed information, please contact us by telephone at (412)681-8400 or e-mail your inquiry at our Contact Us section. |
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CERTIFICATES OF DEPOSIT AND IRAs |
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| Account Type | Interest Rate | Annual Percentage Yield (APY) | Minimum Balance* | Interest Calculation |
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Certificates of Deposit |
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| 6 Month CD | 0.25% | 0.25% | $2,500 |
Simple Interest |
| 1 Year CD | 0.50% | 0.50% | $2,500 | Simple Interest/Annual Compounding |
| 2 Year CD | 0.75% | 0.75% | $2,500 | Simple Interest/Annual Compounding |
| 3 Year CD | 1.00% | 1.00% | $2,500 | Simple Interest/Annual Compounding |
| 4 Year CD | 1.25% | 1.25% | $2,500 | Simple Interest/Annual Compounding |
| 6 Year CD | 2.00% | 2.00% | $2,500 | Simple Interest/Annual Compounding |
| 8 Year CD | 2.25% | 2.25% | $2,500 | Simple Interest/Annual Compounding |
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IRA Accounts |
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| 1 Year | 0.50% | 0.50% | $500 | Simple Interest/Annual Compounding |
| 3 Year | 1.00% | 1.00% | $500 | Simple Interest/Annual Compounding |
| 5 Year | 1.25% | 1.25% | $500 | Simple Interest/Annual Compounding |
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Penalty for early
withdrawal. Rates subject to change without notice.
APY = Annual Percentage Yield (total of interest paid on amount, based on the interest rate and frequency of compounding for a 365-day period, expressed as a percent.) If interest is paid by check or deposited, APY will be the same as Annual Rate. * Minimum Balance refers to the minimum account balance required to obtain the annual percentage yield (APY) disclosed. The minimum deposit for each type of account varies. For more detailed information, please contact us by telephone at (412)681-8400 or e-mail your inquiry at our Contact Us section. |
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MORTGAGES AND HOME EQUITY LOANS |
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| Account Type |
Interest Rate |
Annual Percentage Rate (APR) |
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FIXED RATE MORTGAGE LOANS |
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| 10 Year Mortgage | 3.50% | 3.53% (1) |
| 15 Year Mortgage | 4.00% | 4.02% (1) |
| 30 Year Mortgage | 4.50% | 4.51% (1) |
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HOME EQUITY LOANS |
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| 5 Year Home Equity Loan | 3.50% | 3.55% (2) |
| 10 Year Home Equity Loan | 4.00% | 4.03% (2) |
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HOME EQUITY Line of Credit |
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| Home Equity Line of Credit |
2.75% |
2.75% (3) |
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We also have these mortgage/equity loans available: * Single Family Investment Property * 2 - 4 Unit Investment Property * 5+ Units Investment Property * Commercial Property * Unsecured Home Improvement Loans * Please contact us for Co-Op Loan RatesFor Current Rates on theses loan products, please contact Kevin Butler, Vice President of Lending, by telephone at (412) 681-8400 or by e-mail at kabutler@eurekabancorp.com. |
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* The Eureka Bank Prime Rate is based on the Prime Rate (as published in the Wall Street Journal). The current Prime Rate, as of 12/16/2008, is 3.25%. |
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