Rates

Central Progressive Bank Rates

Rates Effective March 9, 2009
Rates are subject to change without notice.
Please contact your local banking center for the most current rates.


Certificates of Deposit

Interest is calculated on a simple interest basis and requires interest to be paid at least annually on CD’s more than one year. CD’s in the amount of $10,000 or less must have interest deposited into an account at Central Progressive Bank. A penalty may be imposed for early withdrawal. ***Jumbo rates do not apply to CD Specials. Interest paid directly into any CPB checking or savings account will receive an additional 10 basis points during the initial term. Renewed CD's and specials will not automatically receive the additional 10 basis points. Jumbo rates require a balance of $100,000 or greater. Jumbo rates do not apply to CD specials.

Terms   Minimum Deposit to Open Account   Minimum Balance to Obtain APY*   Interest Rate   APY*   JUMBO APY***  
7-31 Day CD
$1,000  $1,000  0.10%  0.10%  0.10% 
32-59 Day CD
$1,000  $1,000  0.30%  0.30%  0.30% 
60-89 Day CD
$1,000  $1,000  0.30%  0.30%  0.30% 
90-181 Day CD
$1,000  $1,000  0.50%  0.50%  0.50% 
182-364 Day CD
$1,000  $1,000  0.75%  0.75%  0.75% 
12 Mo. to 23 Mo.
$500  $500  1.50%  1.50%  1.50% 
15 Month Special !
$500  $500  1.75%  1.75%  1.75% 
18 Month Special !
$500  $500  1.82%  1.82%  1.82% 
24 Mo. to 29 Mo.
$500  $500  2.04%  2.04%  2.04% 
30 Mo. to 35 Mo.
$500  $500  2.22%  2.22%  2.22% 
36 Mo. to 47 Mo.
$500  $500  2.38%  2.38%  2.38% 
36 Month Jump Special !
$500  $500  2.38%  2.38%  2.38% 
48 Mo. to 59 Mo.
$500  $500  2.58%  2.58%  2.58% 
60 Month
$500  $500  2.87%  2.87%  2.87% 
120 Month
$500  $500  2.00%  2.00%  2.00% 
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Checking & Savings Accounts

Account Type   Min. Dep. To Open Account   Min. Bal. To obtain APY*   Interest Rate   APY*  
Regular Savings
$50  $0  0.50%  0.50% 
Christmas Club
$5  $0  0.50%  0.50% 
Piggy Bank Savings
$5  $0  0.50%  0.50% 
Rewards Checking
$50  $250,000  0.88%  0.88% 
  $100,000  0.88%  0.88% 
  $50,000  0.75%  0.75% 
  $2,500  0.40%  0.40% 
  <$2,500  .00%  .00% 
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IRAs

Traditional IRA’s: Interest paid at maturity only Roth & Educational IRA’s: Interest compounded annually. Jumbo rates require a balance of $100,000 or greater.

Terms   Minimum Deposit to Open Account   Minimum Balance to Obtain APY*   Interest Rate   APY*   Jumbo Rate   Jumbo APY*  
12 Mo.
$100  $100  1.93%  1.93%  1.93%  1.93% 
12 Mo. Variable
$100  $100  1.89%  1.89%  1.89%  1.89% 
18 Mo.
$100  $100  1.83%  1.83%  1.83%  1.83% 
18 Mo. Variable
$100  $100  1.83%  1.83%  1.83%  1.83% 
24 Mo.
$100  $100  2.05%  2.04%  2.05%  2.04% 
24 Mo. Variable
$100  $100  2.05%  2.04%  2.05%  2.04% 
48 Mo.
$100  $100  2.58%  2.57%  2.58%  2.57% 
48 Mo. Variable
$100  $100  2.58%  2.57%  2.58%  2.57% 
60 Mo. - Traditional IRA
$100  $100  2.87%  2.86%  2.87%  2.86% 
60 Mo. - Variable
$100  $100  2.87%  2.86%  2.87%  2.86% 
60 Mo. - Roth IRA
$500  $500  2.87%  2.86%  2.87%  2.86% 
60 Mo. - Educational IRA
$500  $500  2.87%  2.86%  2.87%  2.86% 
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Money Market Accounts

Wealth Builder Money Market Accounts can be opened for both personal and business accounts. Rates are variable. Rates may change after opening. Fees may reduce earnings.

Account Type   Minimum Deposit to Open Account   Minimum Balance to Obtain APY*   Interest Rate   APY*  
CPB Wealth Builder
$1000  >.00  0.90%  0.90% 
$1000  $50,000  1.00%  1.00% 
$1000  $200,000  1.24%  1.25% 
$1000  $500,000  1.24%  1.25% 
$1000  $1,000,000  1.24%  1.25% 
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Mortgage

Is It Time To Refinance?

  • Is your current 30 year mortgage rate above 6.00%?

  • Do you currently have an adjustable rate or a balloon mortgage?

  • Do you have a lot of equity in your home that could be put to use in other areas (Expansion, College, or Debt Consolidation)?

Many other products available:

Rates Effective March 9, 2009

Term   Rate   Annual Percentage Rate   Discount Points   Origination Fee   Number of Days  
30 year CONVENTIONAL
4.875%  4.9882%  0  1  15 
15 year CONVENTIONAL
4.25%  4.4423%  0  1  15 
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Quotes are based upon: Loan amount of $200,000, middle credit score of 740 and above, primary residence, single family, purchase or rate & term refinance, and 30 day rate lock period. Other loan programs such as FHA available with loan amounts up to $287,500* with credit scores as low as 620 at very competitive rates on purchases or refinances. (*maximum loan amount will vary based on parish/county and state where property is located). Subject to credit and property approval. Cashout refinance available at slightly different terms. ** APR calculated at 80% loan to value, $200,000 loan amount. Please call your local loan officer.

Rates subject to change at any time.

*APY*: Annual Percentage Yield

Member FDIC | Equal Housing Lender
Main Office: 29092 Krentel Road, Lacombe, Louisiana 70445-3304
© Central Progressive Bank, 2005