HVCBank Toolbox

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Rates

Rates effective as of April 1, 2015.

APY = Annual Percentage Yield. Rates may change after accounts are opened. Fees may reduce earnings.

Deposit Accounts

AccountMinimum Required Opening DepositBalance Required to Earn InterestRateAPY
Statement Savings$10.00$100 - $24,999.990.15%0.15%
$25,000+0.25%0.25%
Money Market$100.00$500 - $10,0000.10%0.10%
$10,000.01 - $25,0000.15%0.15%
$25,000.01+0.25%0.25%

Certificates of Deposit (CDs)

AccountMinimum Balance Required to Earn InterestRateAPY
90 Day CD$5000.20%0.20%
6 Month CD0.25%0.25%
12 Month CD0.50%0.50%
13 Month CD0.50%0.50%
18 Month CD0.60%0.60%
24 Month CD1.00%1.00%
36 Month CD1.24%1.25%
48 Month CD1.29%1.30%

A penalty may be imposed for early withdrawal.

Fixed Rate Home Equity Loans - NJ

TermAPR*Payment Example
5 Year3.00%60 monthly payments of
$17.97 per $1,000 borrowed
10 Year3.25%120 monthly payments of
$9.77 per $1,000 borrowed
15 Year3.50%180 monthly payments of
$7.15 per $1,000 borrowed
20 Year4.00%240 monthly payments of
$6.06 per $1,000 borrowed

Home Equity Line of Credit - NJ

Rate IndexCurrent APR**
Prime Minus 0.50%
for the life of the loan
with a floor rate of 3.00%
3.00%
No application fee
No appraisal fee
No points
Convenient statewide loan closings
Interest may be tax deductible***

(Note: Prospective borrowers must be of legal age in order to apply for a loan.)

* APR denotes ANNUAL PERCENTAGE RATE. Rates and terms are based on loan or credit line amounts of $250,000 or less with a maximum loan-to-value ratio of 80% and are contingent upon you granting Northfield Bank an acceptable and marketable first or second Mortgage. Eligible properties include owner occupied, 1-2 family residences and condominiums in NJ. Investment properties, cooperatives and purchase money transactions are excluded. Adequate homeowner's insurance is required and federal flood insurance is required for properties in a designated flood zone. Borrowers are responsible for mortgage recording fee (estimated range $120 - $220). The rates for fixed rate loans include a .25% reduction for automatic payment deduction from a checking account acceptable to Northfield Bank.

Payment does not include real estate taxes and property insurance; therefore your actual obligation will be greater.

Rates and terms are current as 1/12/16 and are subject to change at anytime without prior notice.

** APR denotes ANNUAL PERCENTAGE RATE. Rates and terms are based on loan or credit line amounts of $250,000 or less with a maximum loan-to-value ratio of 80% and are contingent upon you granting Northfield Bank an acceptable and marketable first or second Mortgage. Eligible properties include owner occupied, 1-2 family residences and condominiums in NJ. Investment properties, cooperatives and purchase money transactions are excluded. Adequate homeowner's insurance is required and federal flood insurance is required for properties in a designated flood zone. Borrowers are responsible for mortgage recording fee (Estimated range $120 - $220). The rate for a home equity line of credit is based on Prime as published in the Wall Street Journal (currently 3.50%) minus a margin of 0.50%. Rate is variable and may change monthly. The minimum rate "floor rate" is 3.00% and the maximum rate "ceiling rate" is 16%. There is an early termination fee of $400 for lines of credit that are terminated in the first two years.

Payment does not include real estate taxes and property insurance; therefore your actual obligation will be greater.

Rates and terms are current as 1/12/16 and are subject to change at anytime without prior notice.

*** Consult your tax advisor regarding the deductibility of Interest.

Personal Unsecured Loans

TermRateAPRRate (Auto Deduct)APR (Auto Deduct)
Up to 3 Years13.00%13.00%12.50%12.50%

All loans subject to credit approval.

All rates are the best possible rates offered to tier 1 credit scores. Credit scores below tier 1 will possibly reflect a higher rate.

All rates subject to change without notice. Additional conditions may apply.