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Rates
Deposit rates are current as of May 01, 2008.
Interest Rates and Annual Percentage Yields (APY) are subject to change
without notice and fees may reduce earnings. There may be a penalty for
the early withdrawal of Certificates of Deposit and IRAs.
| Terms |
Minimum
Investment |
Interest
Rate |
Annual
Percentage
Yield |
| Certificates
of Deposits* |
91 Days
182 Days
1 Year
2 Years
3 Years
4 Years |
$2,500
$2,500
$1.000
$1,000
$1,000
$1,000 |
2.23%
2.48%
2.57%
2.67%
2.77%
2.97% |
2.25%
2.50%
2.60%
2.70%
2.80%
3.00% |
18 Month Variable
Rate Account |
$1,000 |
1.560% |
1.571% |
| Individual
Retirement Accounts |
18 Month
Variable Rate |
$100 |
1.560% |
1.571% |
| Checking |
NOW Checking
Account |
$100 |
.50% |
.50% |
Money Market
Checking |
$1,000 |
.65% |
.65% |
| Savings |
| Statement Savings |
$200 |
.65% |
.65% |
| Home Buyers' Savings** |
$200 |
1.65% |
1.66% |
| Capital
Investor Account - Balance Tier |
$0 to $24,999
$25,000 or more |
$1,000 |
.75%
2.576% |
.75%
2.607% |
| Money
Market Investment Account |
$0 to $9,999
$10,000 TO $49,999
$50,000 OR MORE |
$1,000 |
.75%
1.10%
1.30% |
.75%
.75% / 1.04%
1.04% / 1.17% |
*Certificates of Deposits
may be written with specific maturity dates. Minimum term is 14 days.
Certain CDs may be opened as an IRA. CDs are automatically
renewable. **Home Buyers' Savings Accounts pays a bonus
of 1% over the current statement savings interest rate for up to 18 months
from the date the account is opened.
Consumer Loan Rates are current as of
May 01, 2008
This update is intended for information purposes only.
It does not take the place of the Truth-In-Lending Disclosure setting
forth the specific terms applicable to individual transactions. All rates
are subject to change without notice. It is the general practice of
MWBank to lend to individuals and businesses that reside
and exist in Milwaukee, Waukesha and Ozaukee Counties in Wisconsin. Click
here for a copy of the bank's Community
Reinvestment Act Notice. If you wish further information on CRA write
us at 6001 West Capitol Drive, Milwaukee, WI 53216 or contact us by email.
Contact a lender for specific quotes by email
or call 800-980-9277. All requirements must be met to quality for credit.
Auto Loan Rates
| New Autos |
Term |
Fixed Rate |
APR* |
2007 &
2008
|
36 months |
7.50%
36 pmts at $311.14 |
7.856% |
| 48 months |
7.75%
48 pmts at $243.02 |
8.025% |
| 60 months |
8.00%
60 pmts at $202.82 |
8.225% |
| Used Autos |
Term |
Fixed Rate |
APR* |
| 2005 & 2006 |
36 months |
8.00%
36 pmts at $313.44 |
8.358% |
| 48 months |
8.35%
48 pmts at $245.85 |
8.627% |
| 2004 |
36 months |
8.60%
36 pmts at $316.22 |
8.960% |
| 2003 |
36 months |
8.60%
36 pmts at $316.22 |
8.960% |
*Payment terms and APR (Annual
Percentage Rate) are
calculated using a loan amount of $10,000 and a $50 loan fee,
assuming a fully amortized loan.
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For interest rates on Elan Credit Cards click here |
Home
Improvement/Home Equity Line of Credit
| Home
Improvement |
Term |
Rate |
APR* |
| Fixed Rate |
3 years |
8.00% |
8.358% |
| |
4 years |
8.25% |
8.526% |
| |
5 years |
8.50% |
8.727% |
| Home
Equity Line of Credit |
Term |
Rate |
APR** |
| Variable Rate |
3 years |
Prime + 1% |
6.00% |
*The APR is calculated using a loan amount
of $10,000 and a $50 loan fee, assuming a fully amortized loan.
*The APR associated with this account is
variable and is based on the prime rate as listed in the Wall Street
Journal. There is an annual
fee of $35 associated with this account. The APR is calculated using a
loan amount of $10,000 and a $35 loan fee, assuming a fully amortized
loan.
Mortgage Rates
Contact a lender for specific quotes by email
or call 800-980-9277. All requirements must be met to quality for credit.
Interest rates for business loans are determined by the
credit worthiness of each individual business. The Reference Rate is used as a
benchmark for these rates.
The Reference Rate is defined as the interest rate which a
financial institution charges its largest and best corporate clients,
often used as a basis to price other loans.
All loans are priced as a function of the Reference
Rate.
Effective May 7, 2008 the Reference Rate
used by MWBank is
5.00%
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