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Wednesday, March 10, 2010
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Here, you will find information about current interest rates and annual percentage yields for our deposit and loan accounts. Our interest rates and APYs are competitive and reflect our commitment to make a difference for our customers. Though we strive to make sure this page is accurate, interest rates are subject to change so this page is for information only. APR and APY will be disclosed in full when you open an account with West End Bank, S.B. The following account information is displayed here: Savings Accounts, Certificates of Deposit, Individual Retirement Accounts, Money-Market Deposit Accounts, Mortgage Loans for Single-Family homes, Home Equity Line of Credit, Second Mortgage & Home Improvement Loans, Automobile Loans, and Consumer Loans. For additional information, contact an account representative or loan originator or stop by one of our convenient locations. West End Bank, S.B. is a member of the Federal Deposit Insurance Corporation and an Equal Housing Lender. |
INTEREST RATES EFFECTIVE AS OF DATE POSTED ABOVE
| Name | Minimum Deposit Required | Interest Rate | APY |
| Interest Checking | Minimum to open is $50, minimum to obtain APY is $500. | .50 | .501 |
| Free Checking | Minimum to open account is $50. Non-Interest Bearing. | non-interest bearing | |
| Statement Savings | Minimum to open account is $50, minimum to obtain APY is $300. | .50 | .501 |
| Acct. Bal. | Interest Rate | APY |
| $0-$500.00 | 0.00 | 0.00 |
| $500.01-$9,000.00 | .75 | .753 |
| $9,000.01-$18,000.00 | .85 | .854 |
| $18,001.01-$100,000.00 | 1.60 | 1.613 |
| $100,001.00-$999,999.98 | 1.80 | 1.816 |
| $999,999.99 and OVER | .85 | .854 |
The minimum to open this account is $2,001.00. You must maintain the minimum in each tier to obtain the APY.
A PUBLIC FUNDS MONEY MARKET ACCOUNT HAS BEEN ESTABLISHED AND IS AVAILABLE WITH TIERS AND INTEREST RATES THAT ADDRESS THE UNIQUE NEEDS OF PUBLIC UNITS. PLEASE CONTACT A CUSTOMER SERVICE REPRESENTATIVE FOR COMPLETE DETAILS.
WE ALSO OFFER OTHER INTEREST RATES FOR HIGH BALANCE MONEY MARKET DEPOSIT ACCOUNTS. PLEASE CONTACT A CUSTOMER SERVICE REPRESENTATIVE FOR COMPLETE DETAILS.
| Minimum Balance $1000 |
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| Term | Interest Rate | APY |
| 182 Days | 1.492 | 1.50 |
| 1 Year | 1.788 | 1.80 |
| 18 Months | 1.985 | 2.00 |
| 2 Years | 2.280 | 2.30 |
| 3 Years | 2.575 | 2.60 |
| 4 Years | 2.771 | 2.80 |
| 5 Years |
2.967 |
3.00 |
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The minimum deposit to open CDs and obtain APY is $500.
WE OFFER OTHER INTEREST RATES FOR PUBLIC FUNDS, INSTITUTIONAL FUNDS, BUSINESS ACCOUNTS, AND JUMBO CDS (DEPOSITS OF $100,000 OR MORE). PLEASE CONTACT A CUSTOMER SERVICE REPRESENTATIVE FOR COMPLETE DETAILS.
| Name | Term | Interest Rate | APY* |
| Traditional IRA | 18 Month | 2.176 | 2.20 |
| Traditional IRA | 3 Years | 2.567 | 2.60 |
| Roth IRA |
5 Years |
2.95 |
3.00 |
The minimum deposit to open IRA CDs and obtain APY is $50. IRAs are subject to IRS rules.
WE OFFER OTHER INTEREST RATES ON JUMBO IRAS (DEPOSITS OF $100,000 OR MORE). PLEASE CONTACT A CUSTOMER SERVICE REPRESENTATIVE FOR COMPLETE DETAILS.
Mortgage - Single Family - Owner Occupied*
| Our interest rates and terms are highly competitive with those from other lending institutions. Contact a loan originator for more complete information about our current Interest Rates, and APRs. We strive to demonstrate what a difference a locally focused bank can make on each loan. Let us make a difference for you. | |||||||||||||||||||||||
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Home Equity Line of Credit*
Contact a loan originator for more complete information about our current Interest Rates, and APRs.
| Name | Title | Phone Number |
| Nikka Alcorn | Loan Officer | 765-962-9587 x1210 |
| Brad Wilson | Loan Originator | 765-962-9587 x1229 |
| Cindy Mendenhall | Hagerstown Branch Manager |
765-489-4011 |
| Sherri Lahman | Liberty Branch Manager |
765-458-6485 |
| Tina Beach | Eastside Branch Manger | 765-966-0328 |
General Program Guidelines
APRS FOR HOME EQUITY LINE OF CREDIT PRODUCT IS BASED ON THE VALUE OF AN INDEX. THE INDEX IS THE HIGHEST INTEREST RATE ON CORPORATE LOANS POSTED BY AT LEAST 75% OF THE USA'S THIRTY LARGEST BANKS KNOWN AS THE WALL STREET JOURNAL PRIME RATE AND IS PUBLISHED IN THE WALL STREET JOURNAL. TO DETERMINE THE APR THAT WILL APPLY TO YOUR ACCOUNT, WE ADD A MARGIN TO THE VALUE OF THE INDEX, AND THEN ROUND TO THE NEAREST 0.125%
Fixed Rate Second Mortgage &
Home Improvement*
Contact a loan originator for more complete information about our current Interest Rates, and APRs.
| Name | Title | Phone Number |
| Nikka Alcorn | Loan Officer |
765-962-9587 x1210 |
| Brad Wilson | Loan Originator |
765-962-9587 x1229 |
| Cindy Mendenhall | Hagerstown Branch Manager |
765-489-4011 |
| Sherri Lahman | Liberty Branch Manager |
765-458-6485 |
| Tina Beach | Eastside Branch Manager |
765-966-0328 |
Car Loan*
Contact a loan originator for more complete information about our current Interest Rates, and APRs.
| Name | Title | Phone Number |
| Nikka Alcorn | Loan Officer |
765-962-9587 x1210 |
| Brad Wilson | Loan Originator |
765-962-9587 x1229 |
| Cindy Mendenhall | Hagerstown Branch Manager |
765-489-4011 |
| Sherri Lahman | Liberty Branch Manager |
765-458-6485 |
| Tina Beach | Eastside Branch Manager | 765-966-0328 |
Consumer / Personal Loans*
Contact a loan originator for more complete information about our current Interest Rates, and APRs.
| Name | Title | Phone Number |
| Nikka Alcorn | Loan Officer |
765-962-9587 x1210 |
| Brad Wilson | Loan Originator |
765-962-9587 x1229 |
Cindy Mendenhall |
Hagerstown Branch Manager |
765-489-4011 |
| Sherri Lahman | Liberty Branch Manager |
765-458-6485 |
| Tina Beach | Eastside Branch Manager | 765-966-0328 |
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The information regarding interest rates, terms, fees, etc. is provided for reference only and is not an advertisement to extend customer credit as defined by section 226.2 of regulation Z. All interest rates and costs are subject to change without notice. Key Terms |
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| APR | Annual Percentage Interest Rate |
| APY | Annual Percentage Yield |
| Points | Percentage of loan amount added to down payment to receive stated interest amount |
| Max loan to value | Maximum percentage of the lesser of the selling price or appraised value of the property for which a loan will be written. |
| CAPS | Maximum change in percentage interest rate during stated time frames for the loan |
| % Financed | Maximum percentage of the lesser of the selling price or NADA listed value of the vehicle for which a loan will be written. |
West End Bank, S.B. may not accept deposits or extend credit outside our local market area unless the depositor/applicant has a prior account relationship with us or the deposit is in the amount of $10,000 or more. Deposit accounts may be subject to early withdrawal penalty. Federal law limits the number of withdrawals/transfers not made in person or at an ATM from non-checking accounts to six (6) per statement cycle. Fees may reduce earnings on deposit accounts. Contact a Deposit Customer Service Representative or Loan Originator for complete details. Specials offered for a limited time.
Rates were last updated: October 6, 2009
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