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Northway uses the daily balance method to calculate the interest on your accounts.

True Rewards Checking
TrueNorth Relationship Checking
Statement Savings
Money Market
TrueNorth Relationship Money Market
Certificates of Deposit
IRAs
Business NOW
Auto Loans

Recreational Vehicle Loans <$35,000

Recreational Vehicle Loans >$35,000

Home Equity Loan (Fixed Rate)

Home Equity Line of Credit

Consumer Loans


True Rewards Checking Account - Back to top | Open Now

Balance
Interest Rate
APY*
$0-999.99  
---
 
---
$1,000+  
0.05%
 
0.05%


*Annual Percentage Yield, accurate as of March 27, 2014. Minimum to open $0. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened.




TrueNorth Relationship Checking Account - Back to top | Open Now

Balance
Interest Rate
APY*
$0+  
0.10%
 
0.10%
With 15+ electronic transactions posted per statement cycle:
$0-4,999.99  
0.10%
 
0.10%
$5,000-49,999.99  
0.70%
 
0.10% - 0.64%
$50,000-199,999.99  
0.60%
 
0.64% - 0.61%
$200,000 or more  
0.60%
 
0.61%**


*Annual Percentage Yield, accurate as of March 27, 2014. Minimum to open $0. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened. **Tier 4 (balances of $200,000 or more) maximum APY is based on an assumed maximum balance of $250,000.00. You may have a higher balance, and your APY would be calculated accordingly.




Statement Savings - Back to top | Open Now

Balance
Interest Rate
APY*
$0-99.99  
---
 
---
$100+  
0.10%
 
0.10%


*Annual Percentage Yield, accurate as of March 27, 2014. Minimum to open $10. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened.




Money Market Account - Back to top | Open Now

Balance   Interest Rate   APY*
$1,000-4,999.99   0.01%   0.01%
$5,000-49,999.99   0.10%   0.10%
$50,000-149,999.99   0.15%   0.15%
$150,000+   0.20%   0.20%


*Annual Percentage Yield, accurate as of March 27, 2014. Minimum to open $1,000. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened.




TrueNorth Relationship Money Market Account - Back to top | Open Now

Balance   Interest Rate   APY*
$1,000-4,999.99   0.11%   0.11%
$5,000-49,999.99   0.20%   0.20%
$50,000-149,999.99   0.25%   0.25%
$150,000+   0.30%   0.30%


*Annual Percentage Yield, accurate as of March 27, 2014. Requires a TrueNorth Checking Account. Minimum to open $1,000. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened.




Certificates of Deposit - Back to top | Open Now

Term   Interest Rate   APY*   Interest Rate with TrueNorth Account**   APY With True-North Account
6 Month CD   0.05%   0.05%   0.15%   0.15%
12-24 Month CD   0.45%   0.45%   0.55%   0.55%
25-36 Month CD   0.55%   0.55%   0.65%   0.65%
37-48 Month CD   0.70%   0.70%   0.80%   0.80%
49-60 Month CD   1.64%   1.65%   1.74%   1.75%
60-72 Month CD   1.88%   1.90%   1.98%   2.00%

*Annual Percentage Yield, accurate as of March 27, 2014. **Requires a TrueNorth Checking account. Minimum to open and obtain stated APY is $2,500. A penalty may be imposed for early withdrawals of funds from Certificates of Deposit. Fees may reduce earnings on the account. Other terms are available. Ask for details.




IRAs - Back to top

Term   Interest Rate   APY*   Interest Rate with TrueNorth Account**   APY With True-North Account
6 Month CD   0.05%   0.05%   0.15%   0.15%
12-24 Month CD   0.45%   0.45%   0.55%   0.55%
25-36 Month CD   0.55%   0.55%   0.65%   0.65%
37-48 Month CD   0.70%   0.70%   0.80%   0.80%
49-60 Month CD   1.64%   1.65%   1.74%   1.75%
61-72 Month CD   1.88%   1.90%   1.98%   2.00%


*Annual Percentage Yield, accurate as of March 27, 2014. **Requires a TrueNorth Checking Account. Minimum to open and obtain stated APY is $1,000. A penalty may be imposed for early withdrawals of funds from Certificates of Deposit. Fees may reduce earnings on the account. Other terms are available. Ask for details.




Business NOW - Back to top

Balance
Interest Rate
APY*
$0-1,499.99  
---
 
---
$1,500+  
0.01%
 
0.01%


*Annual Percentage Yield, accurate as of March 27, 2014. Minimum to open $100. Interest rates stated are variable and subject to change without notice. Fees could reduce the earnings on the account listed above. Rates may change after account is opened.




Auto Loans - Back to top | Apply Now

        Without AFT   With AFT
Model Year   Max. Term   Interest Rate   APR*   Interest Rate   APR
New to Used   36-60 Months1   3.99%   4.29%   3.74%   4.04%
2014   Up to 36 Months2   3.49%   3.98%   3.24%   3.73%
2013   36-60 Months3   4.99%   5.29%   4.74%   5.04%
    Up to 36 Months   4.49%   4.98%   4.24%   4.73%
2012   36-60 Months4   5.49%   5.80%   5.24%   5.54%
    Up to 36 Months   4.99%   5.48%   4.74%   5.23%
2009-2011   48 Months5   6.94%   7.32%   6.69%   7.07%
2006-2008   36 Months6   7.19%   7.68%   6.94%   7.44%
2005 or older   Call for rate                


*Annual Percentage Rate, accurate as of March 27, 2014. Rates valid for credit score of 700 or greater. Other rates available for lower credit scores. For loans without Automatic Funds Transfer (AFT), rate is 0.25% higher. For loans of $25,000 or more, rate is 0.25% lower. Maximum rate discount off standard rates cannot exceed 0.50%. Rates subject to change without notice. Minimum loan amount $2,500. Loan fees: VSI $75, Doc Prep $75, Title fee $25. Maximum vehicle mileage is 150,000. Sixty-six (66) and Seventy-two (72) month terms available for loans of $15,000 or more. Add 0.25% to published rate. Mileage surcharge applies: 80,001 - 90,000, add 1%. 90,001 - 100,000, add 2%. 100,001 - 110,000, add 3%. 110,001 - 150,000, add 4%. Payment examples: 1) On a new model, fixed-rate, 60-month loan at an interest rate of 3.99%, the payment would be 60 monthly payments of $18.41 per $1,000 borrowed. 2) On a 2014 model, fixed-rate, 36-month loan with an interest rate of 3.49%, the payment would be 36 monthly payments of $29.30 per $1,000 borrowed. 3) On a 2013 model, fixed-rate, 60-month loan with an interest rate of 4.99%, the payment would be 60 monthly payments of $18.87 per $1,000 borrowed. 4) On a 2012 model, fixed-rate, 60-month loan with an interest rate of 5.49%, the payment would be 60 monthly payments of $19.10 per $1,000 borrowed. 5) On a 2009-2011 model, fixed-rate, 48-month loan with an interest rate of 6.94%, the payment would be 48 monthly payments of $23.92 per $1,000 borrowed. 6) On a 2006-2008 model, fixed-rate, 36-month loan with an interest rate of 7.19%, the payment would be 36 monthly payments of $30.96 per $1,000 borrowed.




Recreational Vehicle Loans <$35,000 - Back to top | Apply Now

        Without AFT   With AFT
Model Year   Max. Term   Interest Rate   APR*   Interest Rate   APR
New 2013-2014   60 Months1   8.49%   8.98%   8.24%   8.73%
2013-2014   60 Months2   8.75%   9.24%   8.50%   9.00%
2011-2012   60 Months3   9.25%   9.75%   9.00%   9.50%
2009-2010   48 Months4   9.75%   10.36%   9.50%   10.11%
2006-2008   36 Months5   9.99%   10.78%   9.74%   10.53%
2005 or older   Call for rate                


*Annual Percentage Rate, accurate as of March 27, 2014. For loans without Automatic Funds Transfer (AFT), rate is 0.25% higher. Rates subject to change without notice. Minimum loan amount $3,500. Sixty-six (66) and Seventy-two (72) month terms available for loans of $15,000 or more. Loan fees: VSI $75, Doc Prep $75, UCC search $20, UCC filing fee $96. Payment examples: 1) On a new model, fixed rate, 60-month loan with an interest rate of 8.49%, the payment would be 60 monthly payments of $20.51 per $1,000 borrowed. 2) On a 2013-2014 model, fixed-rate, 60-month loan with an interest rate of 8.75%, the payment would be 60 monthly payments of $20.64 per $1,000 borrowed. 3) On a 2011-2012 model, fixed-rate, 60-month loan with an interest rate of 9.25%, the payment would be 60 monthly payments of $20.88 per $1,000 borrowed. 4) On a 2009-2010 model, fixed-rate, 48-month loan with an interest rate of 9.75%, the payment would be 48 monthly payments of $25.24 per $1,000 borrowed. 5) On a 2006-2008 model, fixed-rate, 36-month loan with an interest rate of 9.99%, the payment would be 36 monthly payments of $32.26 per $1,000 borrowed.



Recreational Vehicle Loans >$35,000 - Back to top | Apply Now

        Without AFT   With AFT
Model Year   Max. Term   Interest Rate   APR*   Interest Rate   APR
New 2013-2014   180 Months1   7.25%   7.29%   7.00%   7.04%
2013-2014   180 Months2   7.50%   7.54%   7.25%   7.29%
2011-2012   180 Months3   7.75%   7.79%   7.50%   7.54%
2009-2010   120 Months4   7.99%   8.07%   7.74%   7.82%
2006-2008   72 Months5   7.99%   8.11%   7.74%   7.86%
2005 or older   Call for rate                


*Annual Percentage Rate, accurate as of March 27, 2014. For loans without Automatic Funds Transfer (AFT), rate is 0.25% higher. Rates subject to change without notice. Minimum loan amount $3,500. 180 month term available for loans of $50,000 or more. Loan fees: VSI $75, Doc Prep $75, UCC search $20, UCC filing fee $96. Payment examples: 1) On a new model, fixed rate, 180-month loan with an interest rate of 7.25%, the payment would be 180 monthly payments of $9.13 per $1,000 borrowed. 2) On a 2013-2014 model, fixed-rate, 180-month loan with an interest rate of 7.50%, the payment would be 180 monthly payments of $9.27 per $1,000 borrowed. 3) On a 2011-2012 model, fixed-rate, 180-month loan with an interest rate of 7.75%, the payment would be 180 monthly payments of $9.41 per $1,000 borrowed. 4) On a 2009-2010 model, fixed-rate, 120-month loan with an interest rate of 7.99%, the payment would be 120 monthly payments of $12.13 per $1,000 borrowed. 5) On a 2006-2008 model, fixed-rate, 72-month loan with an interest rate of 7.99%, the payment would be 72 monthly payments of $17.53 per $1,000 borrowed.




Home Equity Loan (Fixed Rate) - Back to top | Apply Now

    Without AFT   With AFT
Term   Interest Rate   APR*   Interest Rate   APR
10 year1   4.50%   4.50%   4.25%   4.25%
15 year2   5.00%   5.00%   4.75%   4.75%
20 year3   7.19%   7.19%   6.94%   6.94%


*Annual Percentage Rate, accurate as of March 27, 2014, and based on loan amount of $30,000. 20-year term requires minimum loan amount of $50,000 ($25,000 of which must be new money.) Payments do not include insurance and taxes (if applicable); the actual payment would be greater. $500 prepayment penalty for the first two years. The standard rates without automatic payments are 0.25% higher. Payment examples: 1) On a fixed-rate, 10-year loan with an interest rate of 4.50%, the payment would be 120 monthly payments of $10.36 per $1,000 borrowed. Minimum new cash out amount of $25,000 required after all mortgages are paid from proceeds. Based on credit score of 741 or higher. 2) On a fixed-rate, 15-year loan with an interest rate of 5.00%, the payment would be 180 monthly payments of $7.91 per $1,000 borrowed. Minimum new cash out amount of $25,000 required after all mortgages are paid from proceeds. Based on credit score of 741 or higher. 3) On a fixed-rate, 20-year loan with an interest rate of 7.19%, the payment would be 240 monthly payments of $7.87 per $1,000 borrowed. Rates subject to change without notice.




Home Equity Line of Credit - Back to top | Apply Now

Loan Amount   Interest Rate   APR
$25,000 or greater 12-Month intro rate   2.49%   2.49%
Variable rate thereafter   5.00%   5.00%
$15,000-49,9991   5.00%   5.00%
$50,000-99,9992   4.50%   4.50%
$100,000 or greater3   4.25%   4.25%


*Annual Percentage Rate is variable, accurate as of March 27, 2014, and based on 1) loan amount of $25,000; 2) loan amount of $50,000; 3) loan amount of $100,000 or greater. 10 year draw period. 20 year total term. Minimum loan amount of $15,000 and must represent loan balances not currently owed to Northway Bank. $500 prepayment penalty for the first two years. Annual maintenance fee of $50 assessed on anniversary date of loan. Maximum APR is 18%. No closing costs, except for Trust Review Fee, if applicable. Payments do not include insurance and taxes (if applicable), the actual payment would be greater. Property insurance is required. Rates subject to change without notice.

† Minimum new cash out amount of $25,000 required after all mortgages are paid from proceeds. Based on credit score of 680 or higher. Introductory 2.49% APR is fixed for the first 12 months. Thereafter, the APR will adjust to the applicable variable APR. The minimum rate floor after the first 12 months, which applies to all home equity line of credit requests, will be established at time of closing.




Consumer Loans - Back to top | Apply Now

Loan Type   Term   Interest Rate   APR
Home Improvement1   60 Months   6.74%   7.06%
Personal2   60 Months   8.99%   9.00%

Reserve Credit   Revolving   APR: Prime** + 8%; or 12%, whichever is higher.
MoneyLine   Revolving   APR: Prime** + 8%; or 12%, whichever is higher.

*Annual Percentage Rates, accurate as of March 27, 2014, and based on $10,000 loan amount. Minimum loan amount of $2,500 for Personal Loans and $5,000 for Home Improvement Loans. Maximum loan amount of $20,000 for both Personal and Home Improvement Loans. For Personal Loans in the amount of $2,500-$4,999.99, the rate will be higher. $100 prepayment penalty applies to Home Improvement and Personal loans when more than 20% of the principal balance is paid within the first 12 months of the loan. All loans subject to credit approval. Loan fees: Doc Prep fee of $75 and a returned check fee of $30 for Home Improvement and Personal Loans. Payment examples: 1) On a fixed-rate, 60-month loan with an interest rate of 6.74%, the payment would be 60 monthly payments of $19.68 per $1,000 borrowed. Rates valid for credit score of 741 or greater. Other rates available for lower credit scores. 2) On a fixed-rate, 60-month loan with an interest rate of 8.99%, the payment would be 60 monthly payments of $20.75 per $1,000 borrowed. **Annual Percentage Rate is variable and is based on the Prime Rate as published in the Wall Street Journal Money Rates Table. Doc Prep fee of $75 and a returned check fee of $30 for Reserve Credit and MoneyLine. Rates subject to change without notice.


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