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Rates

Checking and Savings Rates Effective September 15, 2020

Account Type Minimum Balance* to Obtain A.P.Y. Interest Rate Annual Percentage Yield
PS Preferred Interest Checking      
Tier 1 $1,000 - $4,999 0.01% 0.01%
Tier 2 $5,000 - $9,999 0.01% 0.01%
Tier 3 $10,000 or more 0.05% 0.05%
Statement Savings Account None 0.02% 0.02%
Club Account None 0.05% 0.05%
Individual Retirement Account (IRA) None 0.15% 0.15%

 

 

Variable Money Market Accounts Effective September 15, 2020

Account Type Minimum Balance* to Obtain A.P.Y. Interest Rate

Annual Percentage Yield

Tier 1 $1,000 - $9,999 0.010% 0.010%
Tier 2 $10,000 - $49,999 0.050% 0.050%
Tier 3 $50,000 or more 0.080% 0.080%

 

* Daily Balance (the amount in the account each day). Interest on all deposits compounded daily. Rates are subject to change without notice. Fees could reduce earnings on the account. FDIC covered accounts. Each depositor insured to at least $250,000. Rates may change after the account is opened.

 

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Certificate of Deposits Effective September 15, 2020

Account Type Minimum Balance* to Obtain A.P.Y. Interest Rate Annual Percentage Yield
Three Month CD $500 0.05% 0.05%
Six Month CD $500 0.10% 0.10%
Twelve Month CD $500 0.30% 0.30%
Fifteen Month CD $500 0.35% 0.35%
Eighteen Month CD $500 0.35% 0.35%
Eighteen Month Step-Up CD $5,000 0.30% 0.30%
Twenty-Four Month CD $500 0.40% 0.40%
Thirty Month CD $500 0.40% 0.40%
Thirty-Six Month Step-Up CD $5,000 0.45% 0.45%
Forty-Eight Month CD $500 0.55%

0.55%

Sixty Month CD $500 0.70% 0.70%

 

* Daily Balance (the amount in the account each day). Interest on all deposits compounded daily. Rates are subject to change without notice. Fees could reduce earnings on the account. FDIC covered accounts. Each depositor insured to at least $250,000. Penalty for early withdrawal.

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Home Equity Loan Rates Effective September 15, 2020

NO CLOSING COSTS**

  As Low As Typical Monthly Payment for $25,000 Loan
60-Month Term 2.95% APR* $448.66
120-Month Term 3.50% APR* $247.21
180-Month Term 4.25% APR* $188.07
240-Month Term 4.50% APR* $158.16

*Annual percentage rate (APR) stated requires FICO credit score of 720 or greater when you borrow $25,000 or more in new money.  Payment example:  Borrow $25,000 at 2.95% for 60 monthly payments in the amount of $448.66.  Rates may differ based on credit score, property/dwelling type, payment method.  Rate and payment example assume that payments will be transferred automatically from a PS Bank checking account. Maximum loan to value of 85%.  Offer subject to credit approval. Please consult your tax advisor to determine if interest is tax deductible.  Applies to Pennsylvania properties only. Rate is in effect as of June 18, 2020.  **“NO CLOSING COST” PRODUCT DISCLOSURE: “No closing costs” means PS Bank (‘Bank’) will waive origination fee, abstract update, title search fee, appraisal fee, bank attorney fee, or mortgage tax. If the customer selects an attorney to represent him/her, customer is responsible for attorney’s fee. Bank’s intent is to utilize and pay for an exterior-only appraisal of the collateral property. If a more extensive appraisal is requested by the customer, or is deemed to be necessary by the Bank for any reason, the Bank will pay for up to $325.00 of the cost. The customer will be responsible for any difference charged by the appraiser. Any expense not specifically listed herein is the responsibility of the borrower. Property and hazard insurance are required and are the responsibility of the borrower. Loans paid off within three years of the origination will incur third-party closing costs waived at account opening.   Additional terms and conditions may apply.  Member FDIC. Equal Housing Lender.

 

 

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Home Equity Line of Credit Rate Effective September 15, 2020

  Introductory Rate for 6 Months After 6 Months
Home Equity Line of Credit 2.49% APR*** 3.75% APR***

 

***Annual Percentage Rate (APR) stated requires a FICO credit score of 720 or greater; maximum loan-to-value 85%. The initial APR is discounted and after the introductory period the APR is variable, with a maximum rate of interest of 10% above initial rate.  The post-introductory rate is based on an index plus margin and may change daily. The index is known as The Wall Street Journal U.S. Prime Rate and is published in The Wall Street Journal. The current index is 3.25%. The margin is 0% with a floor of 3.75%.  Offer subject to credit approval. Rates and margins may change based on credit score or property/dwelling type. Closing costs range between $100.00 and $299.00 (applies to Pennsylvania properties only). Minimum of $25,000 new money required to obtain rate and does not include refinances of existing PS Bank loans. Additional terms and conditions may apply. Rates subject to change without notice.

 

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Mortgage Rates Effective September 18, 2020

Loan Type

 

Rate

APR

Payment

30 Year Fixed

 

2.875%

            2.957%

 $622.34

20 Year Fixed

 

2.500%

            2.560%

 $794.85

15 Year Fixed

 

2.375%

            2.523%

 $991.38

 

Example of payment terms: Borrow $150,000 at 4.479% Annual Parentage Rate (APR) for 360 monthly payments of $748.93. Payment does not include amounts for taxes and insurance premiums, the actual payment will be greater. APR and example of payment shown is based on Loan Amount of $150,000, 25% down payment, 720+ credit score. Offer subject to credit approval. Additional terms and conditions may apply. Rates are subject to change at any time.

 

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Visit Our Susquehanna County Loan Production Office in Montrose

PS Bank is proud to serve the residents of Susquehanna Country through our Loan Production Office located on Church Street in Montrose, PA.

The Loan Production Office offers customers access to full-service lending including business, consumer, and mortgage.

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