Rates Effective March 9, 2009
Rates are subject to change without notice.
Please contact your local banking center for the most current rates.
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*** |
|
$1,000 |
$1,000 |
0.10% |
0.10% |
0.10% |
|
$1,000 |
$1,000 |
0.30% |
0.30% |
0.30% |
|
$1,000 |
$1,000 |
0.30% |
0.30% |
0.30% |
|
$1,000 |
$1,000 |
0.50% |
0.50% |
0.50% |
|
$1,000 |
$1,000 |
0.75% |
0.75% |
0.75% |
|
$500 |
$500 |
1.50% |
1.50% |
1.50% |
|
$500 |
$500 |
1.75% |
1.75% |
1.75% |
|
$500 |
$500 |
1.82% |
1.82% |
1.82% |
|
$500 |
$500 |
2.04% |
2.04% |
2.04% |
|
$500 |
$500 |
2.22% |
2.22% |
2.22% |
|
$500 |
$500 |
2.38% |
2.38% |
2.38% |
|
$500 |
$500 |
2.38% |
2.38% |
2.38% |
|
$500 |
$500 |
2.58% |
2.58% |
2.58% |
|
$500 |
$500 |
2.87% |
2.87% |
2.87% |
|
$500 |
$500 |
2.00% |
2.00% |
2.00% |
Top of Page
| Account Type |
Min. Dep. To Open Account |
Min. Bal. To obtain APY* |
Interest Rate |
APY* |
|
$50 |
$0 |
0.50% |
0.50% |
|
$5 |
$0 |
0.50% |
0.50% |
|
$5 |
$0 |
0.50% |
0.50% |
|
$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% |
Top of Page
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* |
|
$100 |
$100 |
1.93% |
1.93% |
1.93% |
1.93% |
|
$100 |
$100 |
1.89% |
1.89% |
1.89% |
1.89% |
|
$100 |
$100 |
1.83% |
1.83% |
1.83% |
1.83% |
|
$100 |
$100 |
1.83% |
1.83% |
1.83% |
1.83% |
|
$100 |
$100 |
2.05% |
2.04% |
2.05% |
2.04% |
|
$100 |
$100 |
2.05% |
2.04% |
2.05% |
2.04% |
|
$100 |
$100 |
2.58% |
2.57% |
2.58% |
2.57% |
|
$100 |
$100 |
2.58% |
2.57% |
2.58% |
2.57% |
|
$100 |
$100 |
2.87% |
2.86% |
2.87% |
2.86% |
|
$100 |
$100 |
2.87% |
2.86% |
2.87% |
2.86% |
|
$500 |
$500 |
2.87% |
2.86% |
2.87% |
2.86% |
|
$500 |
$500 |
2.87% |
2.86% |
2.87% |
2.86% |
Top of Page
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* |
|
$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% |
Top of Page
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)?
Rates Effective March 9, 2009
| Term |
Rate |
Annual Percentage Rate |
Discount Points |
Origination Fee |
Number of Days |
|
4.875% |
4.9882% |
0 |
1 |
15 |
|
4.25% |
4.4423% |
0 |
1 |
15 |
Top of Page
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
