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Rates












Savings and Checking

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



 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  0.01%  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*
$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%
12-17 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 
0.45%  0.45%  0.50%  0.50%
37-48 Month CD 
0.50% 0.50%  0.55%  0.55%
49-60 Month CD 
0.75%  0.75%  0.80%  0.80%
61-72 Month CD  1.00%  1.00%  1.045%  1.05%

*Annual Percentage Yield (APY), accurate as of April 23, 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%
12-17 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 
0.45%  0.45%  0.50%  0.50%
37-48 Month CD 
0.50% 0.50%  0.55%  0.55%
49-60 Month CD 
0.75%  0.75%  0.80%  0.80%
61-72 Month CD  1.00%  1.00%  1.045%  1.05%

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



 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 AFT
Interest Rate
APR*  With AFT
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%. 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 AFT
Interest Rate
APR*  With AFT
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. 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 AFT
Interest Rate
APR*  With AFT
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. 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 AFT
Interest Rate 
APR* With AFT
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. 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.



 
 Loan Amount Interest Rate  APR*
$25,000-49,999.99 
4.99%  4.99%
$50,000-99,999.99 
4.99%  4.99%
$100,000-199,999.99 
4.74%  4.74%
$200,000 or greater (in junior lien position) 
4.74%  4.74%
$200,000 or greater (in first lien position)  4.49%  4.49%

*Annual Percentage Rate (APR) is variable, accurate as of June 14, 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 June 14, 2018 the Prime Rate was 5.00%.
Payment example based on a Home Equity Line of Credit of $25,000, the first 120 months at 4.99% the interest only payments would be between $105.95 and $95.70; for the remaining 180 months, the principal and interest payment would vary between $244.84 and $89.56 for 179 months with a final payment of $90.32.



 Loan Amount Interest Rate  APR*
$25,000-49,999.99 
6.00% 6.00%
$50,000-99,999.99  5.50% 5.50%
$100,000 or greater 5.00%  5.00%

*Annual Percentage Rate (APR) is variable, accurate as of June 14, 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 June 14, 2018 the Prime Rate was 5.00%.
Payment example based on a Home Equity Line of Credit of $25,000 for 120 months of interest only payments at 6.00%, payments would be between $127.40 and $115.07; for the remaining 180 months, the principal and interest payment would vary between $266.29 and $97.26 for 179 months with a final payment of $98.23.



 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.