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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)

Promotional Home Equity Line of Credit

Home Equity Line of Credit

Consumer Loans

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True Rewards Checking Account - Back to top | Open Now

Balance
Interest Rate
APY*
$0-999.99  
---
 
---
$1,000+  
0.02%
 
0.02%


*Annual Percentage Yield, accurate as of February 9, 2018. 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.


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TrueNorth Relationship Checking Account - Back to top | Open Now

Balance
Interest Rate
APY*
$0+  
0.05%
 
0.05%
With 15+ electronic transactions posted per statement cycle:
$0-4,999.99  
0.05%
 
0.05%
$5,000-49,999.99  
0.20%
 
0.05% - 0.19%
$50,000-199,999.99  
0.20%
 
0.19% - 0.20%
$200,000 or more  
0.20%
 
0.20%**


*Annual Percentage Yield, accurate as of February 9, 2018. 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.


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Statement Savings - Back to top | Open Now

Balance
Interest Rate
APY*
$0-99.99  
---
 
---
$100+  
0.05%
 
0.05%


*Annual Percentage Yield, accurate as of February 9, 2018. 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.


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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 February 9, 2018. 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.


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

Balance   Interest Rate   APY*
$1,000-4,999.99   0.10%   0.10%
$5,000-49,999.99   0.20%   0.20%
$50,000-149,999.99   0.25%   0.25%
$150,000+   0.25%   0.25%


*Annual Percentage Yield, accurate as of February 9, 2018. 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.


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Certificates of Deposit - Back to top

Term   Interest Rate   APY*   Interest Rate with TrueNorth Account**   APY With True-North Account
6 Month CD   0.05%   0.05%   0.10%   0.10%
12-17 Month CD   0.20%   0.20%   0.25%   0.25%
18-23 Month CD   0.25%   0.25%   0.30%   0.30%
24-36 Month CD   0.35%   0.35%   0.40%   0.40%
37-48 Month CD   0.45%   0.45%   0.50%   0.50%
49-60 Month CD   0.75%   0.75%   0.80%   0.80%
61-72 Month CD   0.95%   0.95%   1.00%   1.00%

*Annual Percentage Yield, accurate as of February 9, 2018. **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.


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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%   0.10%   0.10%
12-17 Month CD   0.20%   0.20%   0.25%   0.25%
18-23 Month CD   0.25%   0.25%   0.30%   0.30%
24-36 Month CD   0.35%   0.35%   0.40%   0.40%
37-48 Month CD   0.45%   0.45%   0.50%   0.50%
49-60 Month CD   0.75%   0.75%   0.80%   0.80%
61-72 Month CD   0.95%   0.95%   1.00%   1.00%


*Annual Percentage Yield, accurate as of February 9, 2018. **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.


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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 February 9, 2018. 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.


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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%
2017   Up to 36 Months2   3.49%   3.98%   3.24%   3.73%
2016   36-60 Months3   4.99%   5.29%   4.74%   5.04%
    Up to 36 Months   4.49%   4.98%   4.24%   4.73%
2015   36-60 Months4   5.49%   5.80%   5.24%   5.54%
    Up to 36 Months   4.99%   5.48%   4.74%   5.23%
2012-2014   48 Months5   6.94%   7.32%   6.69%   7.07%
2009-2011   36 Months6   7.19%   7.68%   6.94%   7.44%
2008 or older   Call for rate                


*Annual Percentage Rate, accurate as of February 9, 2018. 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 2017 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 2016 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 2015 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 2012-20143 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 2009-2011 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. All loans subject to credit approval. Terms and conditions may apply.


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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 2016-2017   60 Months1   8.49%   8.98%   8.24%   8.73%
2016-2017   60 Months2   8.75%   9.24%   8.50%   9.00%
2014-2015   60 Months3   9.25%   9.75%   9.00%   9.50%
2012-2013   48 Months4   9.75%   10.36%   9.50%   10.11%
2009-2011   36 Months5   9.99%   10.78%   9.74%   10.53%
2008 or older   Call for rate                


*Annual Percentage Rate, accurate as of February 9, 2018. 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 2016-2017 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 2014-2015 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 2012-2013 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 2009-2011 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. All loans subject to credit approval. Terms and conditions may apply.

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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 2016-2017   180 Months1   7.25%   7.29%   7.00%   7.04%
2016-2017   180 Months2   7.50%   7.54%   7.25%   7.29%
2014-2015   180 Months3   7.75%   7.79%   7.50%   7.54%
2012-2013   120 Months4   7.99%   8.07%   7.74%   7.82%
2009-2011   72 Months5   7.99%   8.11%   7.74%   7.86%
2008 or older   Call for rate                


*Annual Percentage Rate, accurate as of February 9, 2018. 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 2016-2017 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 2014-2015 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 2012-2013 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 2009-2011 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. All loans subject to credit approval. Terms and conditions may apply.


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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 February 9, 2018, and based on loan amount of $30,000. 20-year term requires minimum loan amount of $50,000. Payments do not include insurance and taxes (if applicable); the actual payment would be greater. 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. All loans subject to credit approval. Terms and conditions may apply.


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

Loan Amount   Interest Rate   APR*
$25,000-49,999.99   4.49%   4.49%
$50,000-99,999.99   4.49%   4.49%
$100,000-199,999.99   4.24%   4.24%
$200,000 or greater (in junior lien position)   4.24%   4.24%
$200,000 or greater (in first lien position)   3.99%   3.99%


*Annual Percentage Rate (APR) is variable, accurate as of February 9, 2018. Rates subject to change without notice. Draw Period of 10 Years of interest only payments and a Repayment Period of 15 Years of principal and interest payments, for a Total Term of 25 years. Maximum loan‐to‐value of 80% (includes all loans secured by that property). Annual maintenance fee of $50 assessed on anniversary date of loan. A $200 prepayment penalty applies if you pay off your line within the first 2 years of opening the account. The Bank pays usual and customary closing costs. Borrower will be responsible for all other charges, such as a Trust Review Fee of approximately $125.00, if applicable. Payments do not include insurance and taxes (if applicable), the actual payment would be greater. Property insurance is required. Flood insurance required if applicable. All loans subject to credit approval. Other terms and conditions may apply.

$25,000 in new money commitment and automatic payment from a Northway Bank checking are required. If either requirement is not met, other APRs are available. The APR is variable and will adjust monthly for the entire term to the Prime Rate published in the Wall Street Journal (WSJ) minus a margin based on line amount, and subject to a minimum APR of 3.99% and a maximum APR (cap) of 18.00%. As of February 9, 2018 the Prime Rate was 4.50%.

Payment example based on a Home Equity Line of Credit of $25,000, the first 120 months at 4.49% the interest only payments would be between $95.34 and $86.11; for the remaining 180 months, the principal and interest payment would vary between $234.22 and $85.75 for 179 months with a final payment of $86.41.


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

Loan Amount   Interest Rate   APR*
$25,000-49,999.99   5.50%   5.50%
$50,000-99,999.99   5.00%   5.00%
$100,000 or greater   4.50%   4.50%


*Annual Percentage Rate (APR) is variable, accurate as of February 9, 2018. Rates subject to change without notice. Draw Period of 10 Years of interest only payments and a Repayment Period of 15 Years of principal and interest payments, for a Total Term of 25 years. Maximum loan‐to‐value of 80% (includes all loans secured by that property). Annual maintenance fee of $50 assessed on anniversary date of loan. A $200 prepayment penalty applies if you pay off your line within the first 2 years of opening the account. The Bank pays usual and customary closing costs. Borrower will be responsible for all other charges, such as a Trust Review Fee of approximately $125.00, if applicable. Payments do not include insurance and taxes (if applicable), the actual payment would be greater. Property insurance is required. Flood insurance required if applicable. All loans subject to credit approval. Other terms and conditions may apply.

The APR is variable and will adjust monthly for the entire term to the Prime Rate published in the Wall Street Journal (WSJ) minus a margin based on line amount, and subject to a minimum APR of 3.99% and a maximum APR (cap) of 18.00%. APR may adjust monthly for the term of the loan. As of February 9, 2018 the Prime Rate was 4.50%.

Payment example based on a Home Equity Line of Credit of $25,000 for 120 months of interest only payments at 5.50%, payments would be between $116.78 and $105.48; for the remaining 180 months, the principal and interest payment would vary between $255.67 and $93.45 for 179 months with a final payment of $94.32.


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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%   9.31%
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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 February 9, 2018, 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 $32 for Reserve Credit and MoneyLine. Rates subject to change without notice. All loans subject to credit approval. Terms and conditions may apply.


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