Current Rates
- Personal Checking Accounts
- Business Checking Accounts
- Savings Accounts
- Money Market Accounts
- CDs
- Health Savings Accounts
- Personal Loans
- Home Equity Loans
- Home Equity Lines of Credit
Personal Checking Accounts
| Interest Rate | APY* | Min. Bal. to Obtain APY** | |
|---|---|---|---|
| College Checking (ages 17 - 24) | 0.10% | 0.10% | $50 |
| NOW Checking | 0.10% | 0.10% | $1,000 |
| SuperNOW, $0 - $24,999 | 0.00% | 0.00% | N/A |
| SuperNOW, $25,000 - $49,999 | 0.25% | 0.25% | $25,000 |
| SuperNOW, $50,000 - $99,999 | 0.45% | 0.45% | $50,000 |
| SuperNOW, $100,000 - $149,999 | 0.50% | 0.50% | $100,000 |
| SuperNOW, > $150,000 | 0.60% | 0.60% | $150,000 |
*Annual Percentage Yield (APY) offered is accurate as of 12/27/12. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening.
**Minimum balance requirement is waived with direct deposit.
Business Checking Accounts
| Interest Rate | APY* | Min. Bal. to Obtain APY | |
|---|---|---|---|
| Business Checking with Interest | 0.10% | 0.10% | $2,500 |
*Annual Percentage Yield (APY) offered is accurate as of 12/27/12. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening. $100 is the minimum to open a Business Checking account.
Savings Accounts
| Interest Rate | APY* | Min. Bal. to Obtain APY | |
|---|---|---|---|
| Statement | 0.10% | 0.10% | $100 |
| Statement Junior | 0.10% | 0.10% | $25 |
*Annual Percentage Yield (APY) offered is accurate as of 12/27/12. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening. $25 is the minimum to open a Statement Savings account.
Money Market Accounts
| Average Monthly Balance | Interest Rate | APY* |
|---|---|---|
| $2,500 - $9,999.99 | 0.10% | 0.10% |
| $10,000 - $24,999.99 | 0.15% | 0.15% |
| $25,000 - $49,999.99 | 0.25% | 0.25% |
| $50,000+ | 0.55% | 0.55% |
*Annual Percentage Yield (APY) offered is accurate as of 12/27/12. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening. $2,500 is the minimum required to open a Money Market account.
CDs
| Term | Minimum Balance | Interest Rate* | Annual Percentage Yield (APY) |
|---|---|---|---|
| 7 to 31 Days | $500 | 0.25% | 0.25% |
| 32 Days to 5 Months | $500 | 0.25% | 0.25% |
| 6 to 11 Months | $500 | 0.30% | 0.30% |
| 12 to 17 Months | $500 | 0.40% | 0.40% |
| 18 to 23 Months | $500 | 0.45% | 0.45% |
| 24 to 29 Months | $500 | 0.50% | 0.50% |
| 30 to 35 Months | $500 | 0.60% | 0.60% |
| 36 to 47 Months | $500 | 0.65% | 0.65% |
| 48 to 59 Months | $500 | 0.70% | 0.70% |
| 60 Months+ | $500 | 0.75% | 0.75% |
| 24 Month Variable** | $500 | 0.65% | 0.65% |
| 36 Month Variable*** | $500 | 0.98% | 0.98% |
All interest rates and product terms are effective 12/27/12 and are subject to change without notice after account opening. If you withdraw any of the principal from a CD account before the maturity date, an early withdrawal penalty may be imposed. Fees could reduce earnings on these accounts.
*A higher rate is given during the initial term of CDs with direct deposit of payroll or retirement income into a GRB account.
**APY on the 24 month variable is 20% of 3.25% prime rate.
***APY on the 36 month variable is 30% of 3.25% prime rate.
Health Savings Accounts
| Daily Balance | Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|
| $0 - $2,499.99 | 0.10% | 0.10% |
| $2,500 - $4,999.99 | 0.10% | 0.10% |
| $5,000 - $9,999.99 | 0.15% | 0.15% |
| $10,000 - $24,999.99 | 0.20% | 0.20% |
| $25,000+ | 0.25% | 0.25% |
All interest rates and product terms are effective 2/1/13 and are subject to change without notice after account opening. Fees could reduce earnings on these accounts.
Personal Loans
| Type of Loan | APR* |
APR with Deposit Relationship** |
Term |
|---|---|---|---|
| Auto - 36 Month | 4.50% | 3.50% | 36 months |
| Auto - 48 Month | 4.75% | 3.75% | 48 months |
| Auto - 60 Month | 5.00% | 4.00% | 60 months |
| Boats & RVs (new only) | 8.50% | 7.50% | 12-120 months |
| Personal Unsecured | 11.00% | 10.00% | 12-36 months |
| Personal Secured | GRB CD Rate + 3.00%± | Not eligible for discount | 12-60 months |
| Home Improvement | 8.75% | 7.75% | 12-60 months |
| Overdraft Protection | 16.00% | Not eligible for discount | Revolving |
*APR = Annual Precentage Rate. The APRs shown are current as of 4/15/13 and are available to a customer who has the credit score required by GRB for its best rate, and whose loan or line of credit meets any applicable loan-to-value requirement. Higher APRs are available to customers who do not meet these criteria. All rates and terms are subject to credit qualification. Rates are subject to change without notice.
**A Deposit Relationship is defined as having payments auto-deducted from a GRB deposit account or direct deposit of income into a GRB deposit account. Deposit Relationship discount is excluded on Overdraft Protection and Personal Secured Loans.
±If secured by GRB deposits or marketable securities, interest rate will be fixed at 3.00% over the GRB CD rate of the same length of the loan term. This type of loan is not eligible for the Deposit Relationship discount.
Examples of monthly payments for various types of loans are as follows: The monthly payment for an auto loan of $20,000 with an APR of 5.00% repayable in 60 months would be $377.42. The monthly payment for an unsecured personal loan of $10,000 with an APR of 11.00% repayable in 48 months would be $258.46. The monthly payment for a home improvement loan of $10,000 with an APR of 8.75% repayable in 60 months would be $206.37.
Home Equity Loans
| Loan Size | Term |
0% - 80.00% Loan to Value APR* |
0% - 80.00% Loan to Value APR* w/ Deposit Relationship** |
80.01% - 85.00% Loan to Value APR* |
80.01% - 85.00% Loan to Value APR* w/ Deposit Relationship** |
|---|---|---|---|---|---|
| Up to $49,999.99 | 60-180 months | 7.50% | 6.50% | 8.00% | 7.00% |
| $50,000 and up | 60-180 months | 7.00% | 6.00% | 7.50% | 6.50% |
*APR = Annual Percentage Rate. The APRs shown are current as of 4/25/13 and are available to a customer who has the credit score required by GRB for its best rate, whose loan or line of credit meets any applicable loan-to- value requirement and, in the case of a home equity loan or line of credit, whose loan or line of credit is secured by the customer’s primary residence. Higher APRs are available to customers who do not meet these criteria. All rates and terms are subject to credit qualification. Rates are subject to change without notice after account opening.
**A Deposit Relationship is defined as having payments auto-deducted from a GRB deposit account or direct deposit of income into a GRB deposit account.
GRB Home equity loan rates are fixed for the first five years. At the end of five years, the loan balance is due in full (balloon payment). A home equity loan may potentially be refinanced at the balloon date, subject to bank approval. Minimum amortization is five years; maximum amortization is fifteen years. Examples of monthly payments for a home equity loan are as follows: The monthly payment for a fixed rate home equity loan of $30,000 with an amortization of 120 months would be $340.64. The balloon payment of $17,654.87 would be due in full at 60 months (five years). Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.
Home Equity Lines of Credit
| Loan Size |
0% - 80.00% Loan to Value APR* |
0% - 80.00% Loan to Value APR * w/ Deposit Relationship** |
80.01% to 85.00% Loan to Value APR* |
80.01% - 85.00% Loan to Value APR* w/ Deposit Relationship** |
|---|---|---|---|---|
| Up to $49,999.99 | Prime + 2.50% | Prime + 0.50% | Prime + 3.50% | Prime + 1.50% |
| $50,000 and up | Prime + 2.25% | Prime + 0.25% | Prime + 3.25% | Prime + 1.25% |
*APR = Annual Percentage Rate. The APRs shown are current as of 4/25/13 and are available to a customer who has the credit score required by GRB for its best rate, whose loan or line of credit meets any applicable loan-to- value requirement and, in the case of a home equity loan or line of credit, whose loan or line of credit is secured by the customer’s primary residence. Higher APRs are available to customers who do not meet these criteria. All rates and terms are subject to credit qualification. GRB Home Equity Line of Credit minimum rate is 4.00% and maximum rate is 15.00%. Rates are subject to change without notice.
**A deposit relationship is defined as having payments auto-deducted from a GRB deposit account or direct deposit of income into a GRB deposit account.
Closing costs are estimated at $305.00 - $1063.00, but may be higher or lower depending on the final approval of the borrower’s credit limit amount. GRB will pay for all closing costs up to $2,500.00. If the home equity line of credit is closed within the first 36 months, the borrower will be required to reimburse GRB for closing costs paid. GRB reserves the right to charge the borrower all closing costs under certain circumstances.
