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Rates

Deposit Accounts

Effective August 1, 2016

Deposit Accounts Annual % Yield Interest Rate
NOW Checking Account
(Split Rate)
$0.00 – $25,000.00 1.26% 1.25%
$25,000.01 and above .25% .25%

Money Market Accounts
Personal

$0.00 – $24,999.99 .10% .10%
$25,000.00 – $99,999.99 .25% .25%
$100,000.00 – $199,999.99 .40% .40%
$200,000.00 – $299,999.99 .45% .45%
$300,000.00 and above .50% .50%
Money Market Accounts
Business
$0.00 – $24,999.99 .10% .10%
$25,000.00 – $99,999.99 .20% .20%
$100,000.00 – $199,999.99 .25% .25%
$200,000.00 – $299,999.99 .30% 30%
$300,000.00 and above .40% .40%
Savings Account $100.00 minimum to open .15% .15%

 

These are variable rate accounts and, as such, the interest rate and annual percentage yields are subject to change at any time. Interest accrues daily and credited monthly. Fees could reduce earnings on the account. Savings account accrues daily and is credited quarterly.

CDs & IRAs

Certificate of Deposit &
Individual Retirement Account
Annual
% Yield
Interest Rate
30 days .05% .05%
31 – 90 days .08% .08%
91 – 182 days .13% .13%
06 – 12 months .12% .12%
12 months .33% .33%
18 months .30% .30%
24 months .33% .33%
36 months .45% .45%
48 months .58% .58%
60 months and above .68% .68%

 

Annual Percentage Yield is current as of date above. Rates are subject to change at anytime without prior notice. A penalty may be imposed for early withdrawal. Unless otherwise specified, a Cornerstone Bank CD requires a minimum of $1,000.00 to open. Interest is compounded and credited quarterly (or you may receive interest by direct deposit). CDs are automatically renewable unless otherwise disclosed at the time the account is opened. The minimum term for IRA deposits is six months.

Car Loans

Car Loans New or
Used by Year
Term Note Rate / Annual % Rate
2016 & 2017 48 mos. 5.13% / 5.473%
60 mos. 5.34% /5.684%
2015 48 mos. 5.13% / 5.473%
60 mos. 5.34% / 5.684%
2014 48 mos. 5.20% / 5.622%
60 mos. 5.40% /5.744%
2013 48 mos. 6.23% / 6.655%
2012 48 mos. 6.58% / 7.006%
2011 48 mos. 6.83% / 7.256%

 

Loan example information – A down payment of up to 20% may be required. A purchase price of $15,000 with a 20% down payment for 60 months at a Note Rate of 5.34% and an annual percentage rate of 5.864% would result in a monthly payment of $228.33. This is an example of a typical transaction that is currently available. These loan rates are available to consumer customers only. Loans on motorcycles and boats add 1.00%.

The above rate information does not constitute an offer. All rates are subject to change at any time. All loans are underwritten at the time of application and are applicable only to a specific vehicle. Vehicles with mileage in excess of 80,000 miles will be considered on a case by case situation. Vehicle evaluations are determined by the NADA Guide. Rates are subject to change without notice. With an auto-debit on yourCornerstone Bank account, the rate will be .25% lower.