Rates

The information below provides information about interest rates and annual percentage yields (“APY”) on some of the accounts and products we offer.  These rates are subject to change at any time.  Please contact us for more details.

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Loan Rates

This information is provided for informational purposes only and does not guarantee financing through Hickory Point Bank.  All rates are expressed as Annual Percentage Rates (APR).  Rates are subject to change at any time.   All disclosed terms and conditions may vary.   All loans are subject to credit approval.   Normal underwriting guidelines apply.  See Lender for details on these, or any other additional loan products that may be available.

 

Personal Loans 

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APRTerm
Unsecured Loans9.500%(Max. Term 36 Months)
Signature Line of Credit

(Unsecured)
9.500%***
***The APR on the Signature Line of Credit is Hickory Point Bank's applicable unsecured consumer loan rate, which is currently 9.500%. This is a variable rate and is subject to change from time to time. Your APR will never exceed 18.00% per annum. Loan term is evergreen with no maturity date.

Installment Loans/Auto Recreational Units

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Competitive rates and flexible terms. Loan rates determined upon credit approval, based on your credit history, age of the vehicle financed, the amount financed and the term of the loan. Contact one of our branches today for more details
Miscellaneous Rates 
APR
Ready Reserve18.000%

 

 

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Home Loan Rates                             

Mortgage Loan Rates    

Contact a Home Loan Officer today to learn more about Home Loan Rates.

Mortgage Loan Rates: We also offer construction loans and in-house solutions for borrowers that are looking for options outside of conventional lending programs. Please contact one of our mortgage loan professionals for more information including current rates.

 

Home Equity LoansAPR
Credit Line*4.750%**
5 Year Balloon/2nd Mortgage*5.000%
*The final payment on this loan may result in a balloon payment.

**The APR on the Home Equity Line of Credit (HELOC) is the Wall Street Journal Prime Rate (Prime), which is a variable rate with a minimum floor rate of 4.00%. Changes to the APR will be adjusted quarterly. Your APR will never be lower than 4.00% or exceed 18.00% per annum. Loan term is 15 years. The current Prime Rate APR is 4.750%. Property insurance is required.

 

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Deposit Account Rates

Effective: September 9, 2019

Classic Plus Checking  

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Minimum Opening DepositDaily BalancesInterest RateAPY
$500$0 – $4,999.99.03%.03%
$5,000.00 – $14,999.99.05%.05%
$15,000.00 and up.07%.07%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Ambassador Club  

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Minimum Opening DepositDaily BalancesInterest RateAPY
$250.00$0 – $4,999.99.03%.03%
$5,000.00 – $14,999.99.05%.05%
$15,000.00 and up.07%.07%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Ultimate Money Market 

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Minimum Opening DepositInterest RateAPY
$2,500.00.35%.35%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Premium Money Market 

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Minimum Opening DepositInterest RateAPY
$20,000.00.45%.45%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Savings Account 

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Minimum Opening DepositInterest RateAPY
$200.00.07%.07%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Structured Savings*   
Minimum Opening DepositTermInterest RateAPY
$25.00 - $250.00 (minimum of $25.00)12 Months0.10%0.10%
24 Months0.10%0.10%
36 Months0.15%0.15%
48 Months0.15%0.15%
60 Months0.20%0.20%
A Hickory Point Bank checking account is required and must remain open until the maturity date of your account to qualify for Structured Savings account. Monthly automatic transfers from your Hickory Point Bank checking to your Structured Savings are required until the maturity date of the Structured Savings account. The minimum monthly transfer amount is $25 for 12 month terms, $40 for 24 month terms, and $50 for terms of 36 months and greater.

The interest rate and annual percentage yield (APY) may change after account opening.

 

Health Savings Account   
Minimum Opening DepositDaily BalancesInterest RateAPY
$50.00$0 – $499.990.10%0.10%
$500.00 – $999.990.15%0.15%
$1,000.00 – $9,999.990.20%0.20%
$10,000.00 and up0.25%0.25%

The interest rate and annual percentage yield (APY) may change after account opening.

 

Certificate of Deposit*   
Minimum Opening DepositTermInterest RateAPY
$1,000.00 31 Days0.10%0.10%
91 Days0.20%0.20%
182 Days0.35%0.35%
1 Year0.40%0.40%
18 Months0.60%0.60%
2 Years0.80%0.80%
3 Years1.05%1.05%
4 Years1.40%1.40%
5 Years1.55%1.55%

 

Money Market IRA*  
Minimum Opening DepositInterest RateAPY
$100.00.25%.25%

The interest rate and annual percentage yield (APY) may change after account opening.

 

IRA Certificate of Deposit*   
Minimum Opening DepositTermInterest RateAPY
$500.001 Year0.60%0.60%
18 Months0.70%0.70%
2 Years0.80%0.80%
3 Years1.05%1.05%
5 Years1.55%1.55%

 

*A penalty may be imposed for early withdrawal.

Fees could reduce earnings on the account.

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MoneyPass ATM Locator 

Contact Information

Main Office
225 North Water Street
Decatur, IL 62523

Mailing Address
P. O. Box 2548
Decatur, IL 62525

Phone
(217) 875-3131
Toll Free
1-800-872-0081

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