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Home
Office
5953
W. Cermak Road,
Cicero,
IL 60804 • 708.656.5000
Branch
Office
6940
W. Ogden Avenue,
Berwyn,
IL 60402 • 708.222.2300 |
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On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Savings & CD Rates
Rates Effective as of June 30, 2009. |
- Savings & CD Rates
- Checking Rates
- Loan Rates
- Special Promotions |
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(Please
call for most current rates since rates may change without notice) |
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Type of Account |
Minimum
Deposit To
Open Account |
Minimum
Balance* To
Earn APY |
Interest
Rate |
Annual
Percentage
Yield |
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Passbook Savings |
$ 100 |
$20,000 or More |
0.75% |
0.75% |
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$ 1,000 or More |
0.50% |
0.50% |
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Under $1,000 |
0.25% |
0.25% |
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Statement Savings |
------------------Same
as Passbook Saving------------------ |
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Christmas Club
|
$ 10 |
$ 0 |
-Same as Passbook
Savings- |
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CERTIFICATES OF DEPOSIT |
25 Month CD Special |
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With Checking |
$2,500 |
$2,500 |
2.62% |
2.65% |
Without Checking |
$2,500 |
$2,500 |
2.38% |
2.40% |
14 Month CD Special |
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With Checking |
$2,500 |
$2,500 |
1.84% |
1.85% |
Without Checking |
$2,500 |
$2,500 |
1.69% |
1.70% |
7 Month CD Special |
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With Checking |
$2,500 |
$2,500 |
1.54% |
1.55% |
Without Checking |
$2,500 |
$2,500 |
1.39% |
1.40% |
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5 Year CD |
$ 500 |
$ 500 |
2.47% |
2.50% |
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4 Year CD |
$ 500 |
$ 500 |
2.23% |
2.25% |
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3 Year CD |
$ 500 |
$ 500 |
1.98% |
2.00% |
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2 1/2 Year CD |
$ 500 |
$ 500 |
1.74% |
1.75% |
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2 Year CD |
$ 500 |
$ 500 |
1.49% |
1.50% |
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1 1/2 Year CD |
$ 500 |
$ 500 |
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1.25% |
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| 1.25% |
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1 Year CD Special -
IRA Only |
$ 2,500 |
$ 2,500 |
1.84% |
1.85% |
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1 Year CD |
$ 2,500 |
$ 2,500 |
1.00% |
1.00% |
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182 Day CD |
$ 2,500 |
$ 2,500 |
0.75% |
0.75% |
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91 Day CD |
$ 2,500 |
$ 2,500 |
0.50% |
0.50% |
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31 Day CD |
$ 2,500 |
$ 2,500 |
0.40% |
0.40% |
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MONTHLY INCOME CDs
with Check or Transfer Option |
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5 Year CD |
$10,000 |
$10,000 |
2.46% |
2.46% |
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4 Year CD |
$10,000 |
$10,000 |
2.22% |
2.22% |
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3 Year CD |
$10,000 |
$10,000 |
1.97% |
1.97% |
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2 1/2 Year CD |
$10,000 |
$10,000 |
1.73% |
1.73% |
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2 Year CD |
$10,000 |
$10,000 |
1.48% |
1.48% |
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1 1/2 Year CD |
$10,000 |
$10,000 |
1.24% |
1.24% |
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1 Year CD |
$10,000 |
$10,000 |
0.99% |
0.99% |
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*Daily balance is the amount of principal in the account
each day
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Checking Rates
Rates Effective as of June 30, 2009.
(Please call for most current rates since rates
may change without notice) |
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Type of Account |
Minimum
Deposit To
Open Account |
Minimum
Balance* To
Earn APY |
Interest
Rate |
Annual
Percentage
Yield |
Totally FREE NOW Checking
|
$ 50 |
N/A |
0.00% |
0.00% |
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Basic NOW Checking
with Interest |
$ 200 |
$ 200
Under $ 200 |
0.15%
0.00% |
0.15%
0.00% |
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Super NOW Checking
with Interest |
$ 2,500 |
$ 2,500
Under $ 2,500 |
0.25%
0.00% |
0.25%
0.00% |
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Preferred NOW Checking
with Interest |
$ 5,000
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$ 50,000
$ 20,000
$19,999 and below |
0.99%
0.75%
0.50% |
1.00%
0.75%
0.50% |
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Gold Money Market |
$ 2,500 |
$ 2,500
Under $ 2,500 |
0.99%
0.00% |
1.00%
0.00% |
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Platinum Money Market |
$10,000
|
$100,000
$ 50,000
$ 10,000
$9,999 and below |
1.49%
1.24%
0.99%
0.75% |
1.50%
1.25%
1.00%
0.75% |
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Loan Rates
Rates Effective as of June 30, 2009.
(Please call for most current rates since rates may change without
notice) |
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RESIDENTIAL OWNER-OCCUPIED
MORTGAGES (1-4 FAMILY)
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Loan Type |
Loan-to-Value Range |
Interest Rate |
Points |
Estimated
Loan APR^ |
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30 Year Fixed Rate |
60.01%-80.00%
60.00% or less
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5.625%
5.500%
|
$0
$0 |
5.672%
5.546% |
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20 Year Fixed Rate |
60.01%-80.00%
60.00% or less |
5.550%
5.375% |
$0
$0 |
5.547%
5.422% |
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15 Year Fixed Rate |
60.01%-80.00%
60.00% or less |
5.125%
5.000% |
$0
$0 |
5.212%
5.087% |
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7 Year Balloon Rate* |
60.01%-80.00%
60.00% or less |
5.125%
5.000% |
$0
$0 |
5.220%
5.095% |
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5/1 Year ARM** |
60.01%-80.00%
60.00% or less |
5.375%
5.250% |
$0
$0 |
5.461%
5.327% |
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| Discount points may be paid to lower the interest rate. Call for details |
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Mortgages with an LTV of 80% and below do not require mortgage insurance.
*30 year amortization.
** 5% cap at initial adjustment, 2% cap at each periodic adjustment thereafter, 5% lifetime cap.
^ All APR's
quoted here are based on 20% equity on a $100,000 loan.
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NON-OWNER OCCUPIED (1-4 Family) INVESTMENT PROPERTY MORTGAGES |
The maximum loan-to-value (LTV) available for a non-owner occupied 1- 4 family investment property is 75%.
Call 708.656.5000 for current rates and loan terms.
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MULTI-FAMILY (5+ Units) and MIXED USE PROPERTY MORTGAGES |
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The maximum loan-to-value (LTV) available for a multi-family (5+ units) or mixed use property is 70%. Property must have a positive cash flow. For a mixed use property, the store front permitted usage is limited and must represent less than 50% of the total square footage.
Call 708.656.5000 for current rates and loan terms.
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HOME EQUITY LOANS and HOME EQUITY LINE OF CREDIT LOANS |
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The minimum loan amount is $10,000. The maximum combined loan-to-value (CLTV) available for a home equity loan is 75% provided the property is owner occupied and Central Federal has the first mortgage (or there is no other mortgage).
Call 708.656.5000 for current rates and loan terms.
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Car Loans |
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The maximum loan amount is $25,000, and the minimum down payment is 30%.
Call 708.656.5000 for current rates and loan terms. |
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SECURED PERSONAL LOANS |
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| For a personal loan secured by a regular passbook account, the interest rate is 5.00%. For a personal loan secured by a certificate of deposit (CD), the interest rate is 3.00% above the interest rate on the CD. |
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