Rates

Welcome to the North Shore Bank of Commerce rates page! 

Rates effective as of 09/22/2014

Term Minimum Investment Rate APY
91 Days $1000 0.05% 0.05%
6 Months $1000 0.05% 0.05%
6 Months $2500 0.15% 0.15%
12 Months $1000 0.15% 0.15%
12 Months $2500 0.30% 0.30%
24 Months $1000 0.30% 0.30%
24 Months $2500 0.50% 0.50%
30 Months $1000 0.50% 0.50%
30 Months $2500 0.55% 0.55%
36 Months $1000 0.55% 0.55%
36 Months $2500 0.65% 0.65%
48 Months $1000 0.65% 0.65%
48 Months $2500 0.90% 0.90%
60 Months $1000 1.00% 1.00%
60 Months $2500 1.15% 1.15%

-Time Deposit accounts interest compounds quarterly.

-The Annual Percentage Yield (APY) assumes interest is deposited into the Certificate of Deposit quarterly, and not withdrawn. Fees may reduce earnings. A penalty will be charged if you make an early withdrawl of the principle balance.

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BTC Checking**
Minimum Balance Rate APY
$0 0.01% 0.01%
$1000 0.01% 0.01%
$5000 0.03% 0.03%
$25000 0.04% 0.04%
$100000 0.05% 0.05%
Insured Investment Money Market**
Minimum Balance Rate APY
$0 0.01% 0.01%
$2500 0.03% 0.03%
$25000 0.04% 0.04%
$100000 0.06% 0.06%
$250000 0.06% 0.06%
IRA Fixed Rate CD*
Term Minimum Investment Rate APY
18 Months $500 0.50% 0.50%
IRA Variable Rate Savings*
Minimum Balance Rate APY
$100 0.10% 0.10%
Preferred Investment Money Market**
Minimum Balance Rate APY
$0 0.01% 0.01%
$15000 0.08% 0.08%
$25000 0.15% 0.15%
$100000 0.15% 0.15%
$250000 0.25% 0.25%
Premier Checking**
Minimum Balance Rate APY
$0 0.05% 0.05%
Premier Sweep**
Minimum Balance Rate APY
$0 0.03% 0.03%
$10000 0.05% 0.05%
$50000 0.10% 0.10%
$100000 0.10% 0.10%
$250000 0.20% 0.20%
Regular Savings
Minimum Balance Rate APY
$0 0.01% 0.01%
$1000 0.01% 0.01%
$5000 0.03% 0.03%
$25000 0.04% 0.04%
$100000 0.05% 0.05%

*Federal Regulations require substantial penalties for early withdrawal, including substantial tax penalties on tax deferred instruments.

**Variable rate accounts.  Rates may change after account opening. Interest is compounded monthly. 

-Annual Percentage Yield (APY) is the effective annual interest rate.  Fees may reduce earnings. Minimum $100 opening deposit required.

-Both Premier Checking and Premier Sweep are required to open and maintain the Premier relationship account.

 

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Conventional Fixed
  Term Rate APR2 Points Payment4
$100,000 and over 15 Years 3.250% 3.486% 0.00 $702.67
$100,000 and over 20 Years 3.750% 3.936% 0.00 $592.89
$100,000 and over 30 Years 4.125% 4.261% 0.00 $484.65
FHA
  Term Rate APR3 Points Payment4
$100,000 and over 30 Years 3.625% 3.744% 0.00 $460.61
VA
  Term Rate APR2 Points Payment4
$100,000 and over 30 Years 3.750% 3.876% 0.00 $463.12

Rates are not guaranteed until you sign a locked interest rate agreement. Rates are subject to change without notice. Rates and terms vary depending on the specific loan characteristics and applicant credit profile. Other rates and products are available, including VA loans. Rates quoted are 45 day locks for single family, owner occupied, primary residence only.

Jumbo loans (loan amount greater than $417,000) and loans less than $100,000 may differ in rate.

2 These Rates and Annual Percentage Rates (APR) assume a loan amount of $100,000 with a 20% down payment. A down payment of less than 20% would require private mortgage insurance, which would increase the APR.

3 The FHA Rate and Annual Percentage Rate assume a loan amount of $101,750 (base loan amount of $100,000 plus 1.75% financed upfront mortgage insurance premium) and a 3% down payment.

4 Payment equals the monthly principal and interest payment for conventional loans. The FHA payment does not include the monthly mortgage insurance premium.

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Collateral Terms & Conditions APR
Auto Loan (new $20,00.00 min loan amount) 72 month maximum term 5.50%
Auto Loan (1yr old or less) 60 month maximum term 5.50%
Auto Loan (3yrs old or less) 48 month maximum term 5.50%
Auto Loan (7yrs old or less) 36 month maximum term 5.50%
Auto Loan (more than 7yrs old) 24 month maximum term 5.50%

- Annual Percentage Rate (APR) and Interest Rate are the same.

-Rates are subject to change without notice. Rates and terms vary depending on the specific loan characteristics and applicant credit profile.

 -1/2% discount if loan has Automatic Funds Transfer (AFT) payments from DDA (Checking) ONLY

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Collateral Terms & Conditions APR
1st Mortgage (Up to 80% LTV)* 60 months 4.75%
2nd Mortgage (Up to 80% LTV)* 60 Months 5.50%
2nd Mortgage Equity Loan (80-100% LTV)* 60 Months 6.00%
Home Equity Line of Credit (Up to 80% LTV)** 60 Months 4.25%
Home Equity Line of Credit (Up to 100% LTV)*** 60 Months 5.25%
Unsecured Home Improvement Loan (Up to $7,500) 60 Months 6.75%

- Annual Percentage Rate (APR) and Interest Rate are the same.

- Rates are subject to change without notice. Rates and terms vary depending on the specific loan characteristics and applicant credit profile.

Home Equity Loans can be amortized over a variety of terms (60,120,180,240 months). Please use our Balloon Loan Calculator to calculate the payment for the term you are interested in.

*Non-owner occupied add 1%

**Home Equity Line of Credit (Up to 80% LTV) has a variable interest rate tied to the Wall Street Journal Prime rate.  The current margin is Wall Street Journal Prime + 1%. The maximum ANNUAL PERCENTAGE RATE that can apply during the plan is 21.75%. The minimum ANNUAL PERCENTAGE RATE that can apply is 4.00%.

***Home Equity Line of Credit (Up to 100% LTV) has a variable interest rate tied to the Wall Street Journal Prime rate. The current margin is Wall Street Journal Prime + 2%. The maximum ANNUAL PERCENTAGE RATE that can apply during the plan is 21.75%. The minimum ANNUAL PERCENTAGE RATE that can apply is 5.00%.

-Wall Street Journal Prime Rate = 3.25% as of 02/24/2010 (Subject to change see http://www.bankrate.com/rates/interest-rates/wall-street-prime-rate.aspx for up-to-date rate information.)

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Collateral Terms & Conditions APR
Unsecured Loan ($2500 and over) 12 Months 8.25%
Personal Line of Credit (Up to $4,999)* 60 Months 11.25%
Personal Line of Credit ($5000 and over)* 60 Months 8.25%
Ready Money Line of Credit 60 Months 15.90%

- Annual Percentage Rate (APR) and Interest Rate are the same.

- Rates are subject to change without notice. Rates and terms vary depending on the specific loan characteristics and applicant credit profile.

*Personal Lines of Credit rates are variable and  tied to the Wall Street Journal Prime Rate.

Current WSJ Prime Rate = 3.25% as of 02/24/2010 (Subject to change see http://www.bankrate.com/rates/interest-rates/wall-street-prime-rate.aspx for up-to-date rate information.)