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Personal Deposit Rates

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

Featured CD: 13-Month CD

Let Northway Bank help you kickoff your savings goals. Open a new 13-month CD to lock in a great rate today. 
Rate Tier APY* with TrueNorth APY* without TrueNorth
$10,000.00 - $49,999.99 2.00% 1.50%
$50,000.00 - $99,999.99 2.25% 1.75%
$100,000.00 - $249,999.99 2.50% 2.00%
$250,000.00 - $999,999.99 2.50% 2.00%
$1,000,000.00 + 2.50% 2.00%
*Annual Percentage Yield (APY) accurate as of 9/21/18 and subject to change. Limited time offer. Other terms and restrictions apply. Consumers only. $10,000 minimum in funds not already on deposit at Northway Bank to open new 13-Month CD and to receive the stated APY. To qualify for published TrueNorth rates, you must have an active TrueNorth Relationship Checking Account at the time of CD account opening. A penalty may be imposed for early withdrawals of funds from CD. Fees may reduce earnings. CD will automatically renew to a 12-month term and standard rate at maturity.



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

*Annual Percentage Yield (APY), accurate as of December 14, 2017. 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.





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 (APY), accurate as of December 14, 2017. 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.



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


 *Annual Percentage Yield (APY), accurate as of December 14, 2017. 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.



 Balance Interest Rate  APY*
$1,000-4,999.99  0.06%  0.06%
$5,000-49,999.99   0.15% 0.15%
$50,000-149,999.99   0.20% 0.20%
$150,000+  0.25%  0.25%

*Annual Percentage Yield (APY), accurate as of March 26, 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.



 



 Balance Interest Rate  APY*
$1,000-4,999.99
0.15%  0.15%
$5,000-49,999.99 
0.35%  0.35%
$50,000-149,999.99 
0.50%  0.50%
$150,000+  0.60% 0.60%

*Annual Percentage Yield (APY), accurate as of May 21, 2018. Requires a TrueNorth Relationship 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.



Term Interest Rate  APY* Interest Rate with TrueNorth Relationship Account** APY With TrueNorth Relationship Account 
6-Month CD 
0.05%  0.05%  0.10% 0.10%
12-Month CD 
0.25%  0.25%  0.30%  0.30%
18-Month CD 
0.35%  0.35% 0.40%  0.40%
24-Month CD 
0.50%  0.50%  0.55%  0.55%
36-Month CD 
0.55% 0.55%  0.60%  0.60%
48-Month CD 
0.75%  0.75%  0.80%  0.80%
60-Month CD  1.00%  1.00%  1.045%  1.05%

*Annual Percentage Yield (APY), accurate as of December 3, 2018. **Requires a TrueNorth Relationship 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.



 Term Interest Rate  APY* Interest Rate with TrueNorth Relationship Account** APY With TrueNorth Relationship Account 
6 Month CD 
0.05%  0.05%  0.10% 0.10%
12-Month CD 
0.25%  0.25%  0.30%  0.30%
18-Month CD 
0.35%  0.35% 0.40%  0.40%
24-Month CD 
0.50%  0.50%  0.55%  0.55%
36-Month CD 
0.55% 0.55%  0.60%  0.60%
48-Month CD 
0.75%  0.75%  0.80%  0.80%
60-Month CD  1.00%  1.00%  1.045%  1.05%

*Annual Percentage Yield (APY), accurate as of December 3, 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.



 







Business Deposit Rates




 Balance Interest Rate  APY*
$1,000-4,999.99  0.01%  0.01%
$5,000-49,999.99  0.15%  0.15%
$50,000-$149,999.99 0.20% 0.20%
$150,000+ 0.25% 0.25%

*Annual Percentage Yield (APY), accurate as of April 23, 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.



 Balance Interest Rate  APY*
$0-1,499.99
---  ---
$1,500+  0.01%  0.01%
*Annual Percentage Yield (APY), accurate as of December 14, 2017. 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.



 



 



 



 



 



 









Loans




Model Year Max. Term Without Auto-pay
Interest Rate** 
APR*  With Auto-pay
Interest Rate**
APR 
New or 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 (APR), accurate as of December 14, 2017. 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%. **Auto-Pay refers to Automatic Loan Payments or an Automatic Funds Transfer (AFT) from a Northway Bank deposit account. Payment examples: 1On 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. 2On 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. 3On 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. 4On 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. 5On 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. 6On 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.



 Model Year Max. Term  Without Auto-pay
Interest Rate**
APR*  With Auto-pay
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 (APR), accurate as of December 14, 2017. 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. **Auto-Pay refers to Automatic Loan Payments or an Automatic Funds Transfer (AFT) from a Northway Bank deposit account. Payment examples: 1On 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. 2On 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. 3On 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. 4On 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. 5On 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.



 Model Year Max. Term  Without Auto-pay
Interest Rate**
APR*  With Auto-pay
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 Months 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 (APR), accurate as of December 14, 2017. 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. **Auto-Pay refers to Automatic Loan Payments or an Automatic Funds Transfer (AFT) from a Northway Bank deposit account. Payment examples: 1On 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. 2On 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. 3On 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. 4On 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. 5On 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.



 Term Without Auto-pay
Interest Rate**
APR* With Auto-pay
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 (APR), 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. **Auto-Pay refers to Automatic Loan Payments or an Automatic Funds Transfer (AFT) from a Northway Bank deposit account. Payment examples: 1On 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. 2On 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. 3On 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.



Line Amount Variable APR* How APR is Calculated
$25,000 to $99,999.99 5.24% WSJ Prime Rate - 0.01%
$100,000 to $199,999.99 4.99% WSJ Prime Rate - 0.26%
$200,000+ in junior lien position 4.99% WSJ Prime Rate - 0.26%
$200,000+ in 1st lien position 4.74% WSJ Prime Rate - 0.51%
 
*Annual Percentage Rate (APR) shown is accurate as of September 27, 2018. Check with the bank for rates, terms and restrictions; rates subject to change without notice. Home Equity Line of Credit requires application and qualification criteria be met. Not all applicants may qualify. Property insurance required. Flood insurance may be required. No closing costs except for Trust Review Fee of approximately $125, if applicable. 10 year draw period. 15 year repayment period. 25 year total term. Minimum line amount is $25,000. Maximum loan‐to‐value of 80% (includes all loans secured by that property). Stated APR is only available if at least $25,000 of the line commitment represents new loan commitment amount not currently established with Northway Bank, and, automatic payment from a Northway Bank checking account is maintained; other APRs available if either of these conditions is not met. The APR will adjust monthly based on the Wall Street Journal prime rate, at a rate shown above ranging from WSJ prime rate - 0.01% to WSJ prime rate – 0.51%, depending upon the size of the committed line and position of the lien, for the life of the line. Wall Street Journal prime rate is presently 5.25%. The minimum rate floor will be 3.99% and the maximum APR (cap) will be 18.00%. $200 prepayment penalty applies if loan is paid in full within the first two years. Annual maintenance fee of $50 assessed on anniversary date of loan.
 



 Loan Amount Interest Rate  APR*
$25,000-49,999.99 
6.25% 6.25%
$50,000-99,999.99  5.75% 5.75%
$100,000 or greater 5.25%  5.25%

*Annual Percentage Rate (APR) is variable, accurate as of September 27, 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 September 27, 2018 the Prime Rate was 5.25%.
Payment example based on a Home Equity Line of Credit of $25,000 for 120 months of interest only payments at 6.25%, payments would be between $132.71 and $119.86; for the remaining 180 months, the principal and interest payment would vary between $271.59 and $99.16 for 179 months with a final payment of $100.19.



 Loan Type Term Interest Rate APR*
Home Improvement Loan1 
60 Months  6.74%  7.06%
Personal Loan2  60 Months  8.99%  9.31%
Reserve Credit 
Revolving  APR: Prime** + 8.00%;  or 12.00%, whichever is higher.
Money Line  Revolving  APR: Prime** + 8.00%;  or 12.00%, whichever is higher.

*Annual Percentage Rates (APR), 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: 1On 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. 2On 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. A returned check fee of $32, and a $30 over the limit fee for Money Line. Rates subject to change without notice. All loans subject to credit approval. Terms and conditions may apply.



For more information on Savings or CD Secured, contact a Branch Manager.