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Cicero
5953
W. Cermak Road
Cicero, IL 60804 • 708.656.5000
Berwyn
6940 W. Ogden Avenue
Berwyn, IL 60402 • 708.222.2300
La Grange Park
1921 E. 31st Street
La Grange Park, IL 60526 • 708.469.3250
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Accounts insured up to $250,000 by the FDIC. Ask a customer service representative for details.
Savings & CD Rates
Rates Effective as of July 20, 2010. |
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- 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 |
$20,000 or More |
0.40% |
0.40% |
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$ 1,000 or More |
0.15% |
0.15% |
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Under $1,000 |
0.05% |
0.05% |
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Statement Savings |
------------------Same
as Passbook Saving------------------ |
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Christmas Club
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$ 10 |
$ 0 |
-Same as Passbook
Savings- |
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CERTIFICATES OF DEPOSIT |
5 Year CD Special |
$2,500 |
$2,500 |
2.72% |
2.75% |
25 Month CD Special |
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With Checking |
$2,500 |
$2,500 |
1.49% |
1.50% |
Without Checking |
$2,500 |
$2,500 |
1.34% |
1.35% |
14 Month CD Special |
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With Checking |
$2,500 |
$2,500 |
1.09% |
1.10% |
Without Checking |
$2,500 |
$2,500 |
0.95% |
0.95% |
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4 Year CD |
$ 500 |
$ 500 |
1.69% |
1.70% |
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3 Year CD |
$ 500 |
$ 500 |
1.49% |
1.50% |
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2 1/2 Year CD |
$ 500 |
$ 500 |
1.24% |
1.25% |
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2 Year CD |
$ 500 |
$ 500 |
0.99% |
1.00% |
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1 1/2 Year CD |
$ 500 |
$ 500 |
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0.75% |
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| 0.75% |
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1 Year CD Special -
IRA Only |
$ 2,500 |
$ 2,500 |
1.09% |
1.10% |
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1 Year CD |
$ 2,500 |
$ 2,500 |
0.60% |
0.60% |
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182 Day CD |
$ 2,500 |
$ 2,500 |
0.30% |
0.30% |
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91 Day CD |
$ 2,500 |
$ 2,500 |
0.15% |
0.15% |
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31 Day CD |
$ 2,500 |
$ 2,500 |
0.10% |
0.10% |
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MONTHLY INCOME CDs
with Check or Transfer Option |
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5 Year CD |
$10,000 |
$10,000 |
2.71% |
2.71% |
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4 Year CD |
$10,000 |
$10,000 |
1.68% |
1.68% |
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3 Year CD |
$10,000 |
$10,000 |
1.48% |
1.48% |
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2 1/2 Year CD |
$10,000 |
$10,000 |
1.23% |
1.23% |
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2 Year CD |
$10,000 |
$10,000 |
0.98% |
0.98% |
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1 1/2 Year CD |
$10,000 |
$10,000 |
0.74% |
0.74% |
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1 Year CD |
$10,000 |
$10,000 |
0.59% |
0.59% |
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*Daily balance is the amount of principal in the account
each day
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Checking Rates
Rates Effective as of July 20 , 2010.
(Please call for most current rates since rates
may change without notice) |
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Type of Account |
Minimum
Deposit To
Open Account |
Minimum
Balance* To
Earn APY |
Interest
Rate |
Annual
Percentage
Yield |
Totally FREE NOW Checking
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$ 50 |
N/A |
0.00% |
0.00% |
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Basic NOW Checking
with Interest |
$ 200 |
$ 200
Under $ 200 |
0.05%
0.00% |
0.05%
0.00% |
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Super NOW Checking
with Interest |
$ 2,500 |
$ 2,500
Under $ 2,500 |
0.10%
0.00% |
0.10%
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 |
0.40%
0.25%
0.15% |
0.40%
0.25%
0.15% |
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Gold Money Market |
$ 2,500 |
$ 2,500
Under $ 2,500 |
0.50%
0.00% |
0.50%
0.00% |
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Platinum Money Market |
$10,000
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$100,000
$ 50,000
$ 10,000
$9,999 and below |
0.99%
0.75%
0.50%
0.25% |
1.00%
0.75%
0.50%
0.25% |
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Loan Rates
Rates Effective as of July 14, 2010.
(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 |
70.01%-80.00%
70.00% or less
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5.375%
5.250%
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$0
$0 |
5.422%
5.296% |
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20 Year Fixed Rate |
70.01%-80.00%
70.00% or less |
5.125%
5.000% |
$0
$0 |
5.187%
5.047% |
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15 Year Fixed Rate |
70.01%-80.00%
70.00% or less |
4.625%
4.500% |
$0
$0 |
4.702%
4.587% |
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7 Year Balloon Rate* |
70.01%-80.00%
70.00% or less |
4.750%
4.625% |
$0
$0 |
4.796%
4.721% |
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5/1 Year ARM** |
70.01%-80.00%
70.00% or less |
4.875%
4.750% |
$0
$0 |
4.919%
4.836% |
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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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