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Member
FDIC
Copyright 2008
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Rates
The rate tables below is to be used for
information only. APR is Annual Percentage Rate. APY is Annual
Percentage Yield. All loan rates are subject to conditions and credit
approval. Any Certificate opened at Atlantic Coast Bank contains
disclosures for each Certificate type. Rates are accurate as of January 01,
2009. For more information regarding a specific Certificate outlined in the
table below, please email us, or contact our Customer Care Center at 1-800-342-2824.
Annual Percentage Rates may change without
notice.
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Loan Rates -
effective: January 01, 2009
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LOAN TYPE
|
TERM |
APR* as low
as |
| Personal
Advance |
Up to 60 Months |
10.75 |
|
Homeowner's Advance |
Up to 84 Months |
8.50 |
| New
Auto |
Up to 66 Months |
6.25 |
| Used
Autos |
Up to 48
Months |
5.75 |
| New
RVs |
120 Months |
7.75 |
| Used
RVs |
72 Months |
8.25 |
| New
Boats, Motors, & Trailers |
48 Months |
8.55 |
| Used
Boats, Motors, & Trailers |
36 Months |
11.55 |
| New
Motorcycles |
36 Months |
11.05 |
| Used
Motorcycles |
24 Months |
12.05 |
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Consumer Line of Credit |
Open Ended |
11.50 |
| Farm
Equipment |
Up to 60 Months |
9.25 |
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*APR is Annual Percentage Rate. All loan rates and terms are subject to
conditions and credit approval. Rates listed above include a .25%
discount as follows: .25% discount with direct deposit or payroll
deduction into an Atlantic Coast Bank deposit/transaction account. Contact our
Customer Care Center at 1-800-342-2824 for current rates and terms. A $75
Documentation Preparation fee will be assessed on all approved loans.
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Prime
For Life Home Equity Program |
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APR* |
CLTV |
Margin |
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A |
6.50 |
80% |
0.00% |
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A |
6.50 |
89.9% GA only |
0.50% |
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B |
6.50 |
80% |
1.00% |
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B |
6.50 |
89.9% GA only |
1.50% |
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Prime Home Equity Line
of Credit Programs. Index-Wall Street Journal Prime Rate adjusts monthly.
Minimum advance $1,000, Minimum loan amount $5,000, Maximum loan amount
$125,000.
*APR is Annual Percentage Rate. The maximum APR is 18.00%. All loan rates and terms are subject to
conditions and credit approval. Contact our Customer Care Center at 1-800-342-2824 for current rates and terms. You may have to pay closing costs
which may range from $0 - $1500, depending on the amount of the loan. |
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Certificate Rates
($1000.00 minimum deposit required)
| 6 Month
Certificate |
Basic |
IRA |
Education |
Roth |
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Annual
Percentage Yield |
2.00% |
2.00% |
2.00% |
2.00% |
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Interest
Rate |
1.98% |
1.98% |
1.98% |
1.98% |
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Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| 12 Month
Certificate |
Basic |
IRA |
Education |
Roth |
| Annual
Percentage Yield |
2.60% |
2.60% |
2.60% |
2.60% |
| Interest
Rate |
2.57% |
2.57% |
2.57% |
2.57% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| 24 Month
Certificate |
Basic |
IRA |
Education |
Roth |
| Annual
Percentage Yield |
3.25% |
3.25% |
3.25% |
3.25% |
| Interest
Rate |
3.20% |
3.20% |
3.20% |
3.20% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| 30 Month
Certificate |
Basic |
IRA |
Education |
Roth |
| Annual
Percentage Yield |
3.30% |
3.30% |
3.30% |
3.30% |
| Interest
Rate |
3.25% |
3.25% |
3.25% |
3.25% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| 36 Month
Certificate |
Basic |
IRA |
Education |
Roth |
| Annual
Percentage Yield |
3.50% |
3.50% |
3.50% |
3.50% |
| Interest
Rate |
3.45% |
3.45% |
3.45% |
3.45% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| 60 Month
Certificate |
Basic |
IRA |
Education |
Roth |
| Annual
Percentage Yield |
4.00% |
4.00% |
4.00% |
4.00% |
| Interest
Rate |
3.93% |
3.93% |
3.93% |
3.93% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
| The annual percentage yield
assumes that interest remains on deposit until maturity. A withdrawal of
interest will reduce earnings.
All Certificates require minimum deposits to open the account. Fees could reduce
the earnings of the above Certificates. Penalties will or may be imposed for
early withdrawal to any or all Certificates outlined in the table above. For
more information regarding a specific Certificate outlined in the table above,
please email us, or contact our Customer Care Center at 1-800-342-2824. |
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Special Certificates
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FirstStep
Certificate (13 Months) |
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Special
Certificates |
Annual
Percentage Yield |
Interest
Rate |
Compounded |
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$250.00 |
2.60% |
2.57% |
Monthly |
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$500.00 |
2.60% |
2.57% |
Monthly |
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PrimeTime
Certificate |
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Special
Certificates |
Annual
Percentage Yield |
Interest
Rate |
Compounded |
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12
Months ($10,000 min) |
2.05% |
2.03% |
Monthly |
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36
Months ($10,000 min) |
2.95% |
2.91% |
Monthly |
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48
Months ($10,000min) |
3.25% |
3.20% |
Monthly |
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The annual percentage yield assumes that interest remains on deposit until
maturity. A withdrawal of interest will reduce earnings.
All Certificates require minimum deposits to open the account. Fees could reduce
the earnings of the above Certificates. Penalties will or may be imposed for
early withdrawal to any or all Certificates outlined in the table above. For
more information regarding a specific Certificate outlined in the table above,
please email us, or contact our Customer Care Center at 1-800-342-2824. |
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