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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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Savings & CD Rates
Rates Effective as of August 29, 2008. |
- 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 |
$20,000 or More |
0.99% |
1.00% |
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$ 1,000 or More |
0.75% |
0.75% |
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Under $1,000 |
0.50% |
0.50% |
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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 |
$2,500 Minimum |
3.93% |
4.00% |
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$10,000 Minimum |
4.17% |
4.25% |
14 month CD Special |
$2,500 Minimum |
3.45% |
3.50% |
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$10,000 Minimum |
3.69% |
3.75% |
7 month CD Special |
$2,500 Minimum |
2.96% |
3.00% |
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$10,000 Minimum |
3.20% |
3.25% |
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5 Year CD |
$ 500 |
$ 2,500 |
3.45% |
3.50% |
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4 Year CD |
$ 500 |
$ 2,500 |
3.20% |
3.25% |
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3 Year CD |
$ 500 |
$ 2,500 |
2.96% |
3.00% |
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2 1/2 Year CD |
$ 500 |
$ 2,500 |
2.72% |
2.75% |
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2 Year CD |
$ 500 |
$ 2,500 |
2.47% |
2.50% |
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1 1/2 Year CD |
$ 500 |
$ 2,500 |
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2.25% |
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| 2.23% |
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1 Year CD |
$ 500 |
$ 2,500 |
1.98% |
2.00% |
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182 Day CD |
$ 2,500 |
$ 2,500 |
1.84% |
1.85% |
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91 Day CD |
$ 2,500 |
$ 2,500 |
1.49% |
1.50% |
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31 Day CD |
$ 2,500 |
$ 2,500 |
0.99% |
1.00% |
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MONTHLY INCOME CDs
with Check or Transfer Option |
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5 Year CD |
$10,000 |
$10,000 |
3.44% |
3.44% |
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4 Year CD |
$10,000 |
$10,000 |
3.44% |
3.44% |
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3 Year CD |
$10,000 |
$10,000 |
3.44% |
3.44% |
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2 1/2 Year CD |
$10,000 |
$10,000 |
3.44% |
3.44% |
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2 Year CD |
$10,000 |
$10,000 |
2.46% |
2.46% |
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1 1/2 Year CD |
$10,000 |
$10,000 |
2.22% |
2.22% |
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1 Year CD |
$10,000 |
$10,000 |
2.07% |
2.07% |
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*Daily balance is the amount of principal in the account
each day
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Checking Rates
Rates Effective as of August 29, 2008.
(Please call for most current rates since rates
may change without notice) |
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Type of Account |
Minimum
Deposit To
Open Account |
Minimum
Balance* To
Earn APY |
Interest
Rate |
Annual
Percentage
Yield |
Totally FREE NOW Checking
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$ 50 |
N/A |
0.00% |
0.00% |
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Basic NOW Checking
with Interest |
$ 200 |
$ 200
Under $ 200 |
0.49%
0.00% |
0.50%
0.00% |
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Super NOW Checking
with Interest |
$ 2,500 |
$ 2,500
Under $ 2,500 |
0.74%
0.00% |
0.75%
0.00% |
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Preferred NOW Checking
with Interest |
$ 50,000
$ 20,000
$19,999 and below |
$ 50,000
$ 20,000
$19,999 and below |
1.98%
1.74%
0.75% |
2.00%
1.75%
0.75% |
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Gold Money Market |
$ 2,500 |
$ 2,500
Under $ 2,500 |
1.49%
0.00% |
1.50%
0.00% |
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Platinum Money Market |
$100,000
$ 50,000
$ 10,000
$9,999 and below |
$100,000
$ 50,000
$ 10,000
$9,999 and below |
2.47%
1.98%
1.49%
0.99% |
2.50%
2.00%
1.50%
1.00% |
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Loan Rates
Rates Effective as of August 27, 2008.
(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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Term of Loan |
Loan
Interest Rate |
Points |
Estimated
Loan APR^ |
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30 Year Fixed |
6.625% |
$0 |
6.680% |
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20 Year Fixed |
6.500% |
$0 |
6.560% |
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15 Year Fixed |
6.125% |
$0 |
6.200% |
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7 Year Balloon* |
6.000% |
$0 |
6.100% |
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5/1 Year ARM** |
5.875% |
$0 |
5.920% |
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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 80%.
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 75%. 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 80% 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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