Deposit Rates
Loan Rates
All rates are effective as of Sep 23,2020
Deposit Rates
We presently accept deposits only from residents of the San Luis Valley.
APY = Annual Percentage Yield
Certificates of Deposit
| Term Length | Deposit Tier | Interest Rate | APY |
|---|---|---|---|
| 6 Months |
Tier 1 ($1,000.00+) Tier 2 ($50,000.00+) Tier 3 ($100,000.00+) |
0.39% 0.44% 0.49% |
0.39% 0.44% 0.49% |
| 1 Year |
Tier 1 ($1,000.00+) Tier 2 ($50,000.00+) Tier 3 ($100,000.00+) |
0.49% 0.54% 0.59% |
0.49% 0.54% 0.59% |
| 2 Years |
Tier 1 ($1,000.00+) Tier 2 ($50,000.00+) Tier 3 ($100,000.00+) |
0.59% 0.64% 0.69% |
0.59% 0.64% 0.69% |
| 3 Years |
Tier 1 ($1,000.00+) Tier 2 ($50,000.00+) Tier 3 ($100,000.00+) |
0.69% 0.74% 0.79% |
0.69% 0.74% 0.79% |
| 5 Years |
Tier 1 ($1,000.00+) Tier 2 ($50,000.00+) Tier 3 ($100,000.00+) |
0.85% 0.90% 0.95% |
0.85% 0.90% 0.95% |
All above accounts are compounded quarterly. A penalty will be imposed for early withdrawal. These accounts are also available for individual retirement accounts. A minimum of $1,000.00 required to open.
Insured Money Market Rates
| Deposit Tier | Interest Rate | APY |
|---|---|---|
|
Tier 1 ($1,000.00+) |
0.07% |
0.07% |
|
Tier 2 ($50,000.00+) |
0.12% |
0.12% |
|
Tier 3 ($100,000.00+) |
0.17% |
0.17% |
|
Tier 4 ($250,000+) |
0.22% |
0.22% |
The above account is compounded monthly and the interest rate is variable. The rate may change after the account is opened. Fees could reduce the earnings on the account. A minimum of $1,000.00 required to open.
Checking and Savings Account Rates
| Account Name | Minimum Deposit to Open | Interest Rate | APY |
|---|---|---|---|
| Totally Free Checking |
$50.00 |
0.00% |
0.00% |
| VIP Free Interest Checking1 |
$50.00 |
0.05% |
0.05% |
| Health Savings Account1 |
$1.00 |
0.10% |
0.10% |
| SLVFB Savings2 |
$100.00 |
0.11% |
0.11% |
| Chipmunk Savings2 |
$1.00 |
0.11% |
0.11% |
1These accounts are compounded monthly.
2These accounts are compounded daily.
The interest rate is variable and may change after the account is opened. Fees could reduce the earnings on the account. They require $1.00 minimum balance to obtain the APY.
Loan Rates
APR = Annual Percentage Rate
Fixed-Rate Mortgage Rates
| Term Length | Loan to Value | Rate | APR | Origination Fee | Examples |
|---|---|---|---|---|---|
| 30 Years |
80% |
3.99% |
4.09% |
1% |
Example: $100,000.00 @ 3.99% = 360 payments of $476.84 |
| 15 Years |
80% |
3.12% |
3.29% |
1% |
Example: $100,000.00 @ 3.12% = 180 payments of $696.37 |
Manufactured homes are not eligible. Loans may be sold but still serviced by San Luis Valley Federal Bank.Other fees may apply. Contact our Loan officers for a detailed estimate.
1/12 of the annual taxes and hazard insurance premium can be included with the monthly principal and interest payment and will be paid by the bank on behalf of the borrower.
MPF Fixed-Rate Mortgage Rates
| Term Length | Loan to Value | Rate | APR | Origination Fee | Examples |
|---|---|---|---|---|---|
|
30 Years |
80% |
3.50% |
3.59% |
1% |
Example: $100,000.00 @ 3.50% = 360 payments of $449.04 |
|
20 Years |
80% |
3.00% |
3.13% |
1% |
Example: $100,000.00 @ 3.00% = 240 payments of $554.60 |
|
15 Years |
80% |
2.875% |
3.00% |
1% |
Example: $100,000.00 @ 2.875% = 180 payments of $684.59 |
MPF loan are sold mortgages, however SLVFB will retain the loan servicing.
1/12 of the annual taxes and hazard insurance premium can be included with the monthly principal and interest payment and will be paid by the bank on behalf of the borrower.
Adjustable-Rate Mortgage Rates
| Term Length | Loan to Value | Rate | APR | Origination Fee | Examples |
|---|---|---|---|---|---|
| 1 - 30 Years as 5/1 ARM1 |
80% |
3.24% |
3.33% |
1% |
Example: $100,000.00 @ 3.24% = 360 payments of $434.66 |
| 1-30 Years as 7/1 ARM2 | 80% | 3.39% | 3.48% | 1% |
Example: $100,000.00 @ 3.39% = 360 payments of $442.93 |
1Initial fixed rate is 60 months. Interest rate and payment may increase after initial fixed rate period.
2Initial fixed rate is 84 months. Interest rate and payment may increase after initial fixed rate period.
1/12 of the annual taxes and hazard insurance premium can be included with the monthly principal and interest payment and will be paid by the bank on behalf of the borrower.
Home Equity Line of Credit (HELOC) Rates
| Term Length | Loan to Value | Rate | APR | Origination Fee | Examples |
|---|---|---|---|---|---|
| 240 Months |
80% |
4.26% |
4.26% |
1% of Loan or $175.00 whichever is greater | $20,000 * 1.00% = $200.00 monthly payment |
| 240 Months | 85% | 4.51% | 4.51% | 1% of Loan or $175.00 whichever is greater | $20,000 * 1.00% = $200.00 monthly payment |
Monthly payment will be calculated as 1.00% of loan balance or $50.00, whichever is greater. Rates may increase after consummation. Other fees may apply, contact our Loan Officers for a detailed estimate.
Auto Loan Rates
| Loan Type | Term Length | Rate | APR | Document Preparation Fee | Examples |
|---|---|---|---|---|---|
| New to 4 Years Old (Fixed Rate) |
1 to 84 months |
4.54% |
4.75% |
$100.00 | Example: $15,000.00 @ 4.54% APR = 60 payments of $281.35 |
Down payment subject to age and condition of vehicle, determined by the NADA retail value. Financing available up to a maximum of 100% loan to value.
Recreation Loan Rates
| Loan Type | Term Length | Amount | Rate | APR | Document Preparation Type | Examples |
|---|---|---|---|---|---|---|
| Motorcycles, Snowmobiles, Jet Skis, ATVs, etc1 |
48 Months (Max) |
$1,000 - $4,999 |
7.19% |
9.19% | $100 | Example: $4,999.00 @ 9.19% = 48 payments of $224.25 |
| Motorcycles, Snowmobiles, Jet Skis, ATVs, etc1 | 48 Months (Max) | $5,000+ | 6.69% | 7.11% | $100 | Example: $10,000.00 @ 7.11% = 60 payments of $196.55 |
| Motor Homes, Travel Trailers, Boats & Campers2 | 180 Months (Max) | $1,000 - $35,000 | 6.76% | 6.81% | $100 | Example: $22,000.00 @ 6.81% = 180 payments of $310.88 |
| Motor Homes, Travel Trailers, Boats & Campers2 | 180 Months (Max) | $35,001+ | 6.17% | 6.20% | $100 | Example: $45,000.00 @ 6.20% = 180 payments of $384.62 |
1Motorcycles, snowmobiles, jet skis, atv’s, etc: Terms are calculated on 12 months per every $2,000 financed up to a maximum term of 48 months. Up to a maximum of 70% financing.
2Motor Homes, Travel Trailers, Boats & Campers: Terms are calculated on 12 months per every $2,000 financed up to a maximum term of 180 months. Up to a maximum of 80% financing.
Down payment subject to age and condition of vehicle, determined by the NADA retail value.
Interest rates are subject to change without notice. Contact Bank for current rates. *APR (Annual Percentage Rate) – the actual cost of credit to the borrower, including interest and certain other charges, expressed as a yearly rate and calculated over the life of the loan.
If you need information on any of our additional loan products or rates, please call 719-589-6653 or toll-free 1-877-478-8625 to reach any of our loan professionals.