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Interest Rates

Rates effective Tuesday, July 22, 2008
Rates subject to change without notice.

Loans

Mortgage Rates are available on Mortgage Center. Call our LOAN Line toll-free at 888-457-LOAN (5626) for more information.

Prime Rate: 5.000%

Home Equity Loans1

Client pays closing costs
Loan
Term		 80% LTV
Interest Rate/APR
5 yrs 6.250% / 6.750%
10 yrs 6.500% / 6.766%
15 yrs 6.500% / 6.690%

Raymond James Bank pays closing costs
5 yrs 6.750% / 6.750%
10 yrs 7.000% / 7.000%
15 yrs 7.000% / 7.000%

 

Home Equity Lines of Credit2

Raymond James Bank pays closing costs
Loan
Term		 80% LTV
Loan to Value
10 Years 5.000%
(WSJ Prime + 0.000%)
No Closing Costs

 

Lot Loans3

Loan Size Interest
Rate		 Annual
Percentage Rate		 Loan to Value
Under $50,000 6.500% 7.450% 75%
$50,000-250,000 6.500% 6.877% 75%
$250,100-500,000 6.500% 6.767% 70%
 
Deposit Accounts

Please e-mail Raymond James Bank or call toll-free at 800-718-BANK (2265) for more information on deposit rates.

Certificates of Deposit

Term Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
90 Days 1.60% 1.61% $1,000
6 Months 2.76% 2.80% $1,000
12 Months 3.20% 3.25% $1,000
18 Months 3.30% 3.35% $1,000
24 Months 4.16% 4.25% $1,000
36 Months 4.40% 4.50% $1,000
48 Months 4.40% 4.50% $1,000
60 Months 4.88% 5.00% $1,000

CDs may be opened for any term up to the maximum available. Substantial penalty for early withdrawal. Certificates are non-negotiable and cannot be sold on the secondary market.


Savings, Money Market, & Sweep Accounts

Investment cash sweep accounts for Raymond James & Associates, Inc. brokerage clients only

Minimum Balance to Obtain Disclosed APY (USD) Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
Money Market Non-Sweep Account
Over $25,000 0.60% 0.60% $1,000
$1,000-25,000 0.35% 0.35% $1,000
$0-1,000 0.00% 0.00% $1,000
Statement Savings Account
Over $2,500 0.50% 0.50% $100
$500-2,499.99 0.15% 0.15% $100
$0-500 NA $100
Active Trading Sweep
N/A 1.60% 1.61% $100
Money Market Sweep/IRA Money Market Sweep/Passport IRA
Over $25,000 1.60% 1.61% $0
$1,000-24,999 1.60% 1.61% $0
$0-999.99 0.00% 0.00% $0
ERISA Sweep Account with Checkwriting
N/A 1.60% 1.61% $0
Raymond James Bank Deposit Program (RJBDP)

Rates for the Raymond James Bank Deposit Program are available at http://www.raymondjames.com/rates.htm#rjb.
A total of six withdrawals, including up to three third-party checks, drafts and bill payments, are allowed per month on Money Market accounts.


Checking Accounts

Minimum Balance to Obtain Disclosed APY (USD) Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
Choice Rate Checking
Over $10,000 0.25% 0.25% $100
$1,000-9,999 0.10% 0.10% $100
$0-1,000 NA $100
Dual Advantage CheckingTM
Over $100,000 1.40% 1.41% $100
$50,000-99,999.99 0.75% 0.75% $100
$10,000-49,999.99 0.50% 0.50% $100
$0-9,999.99 0.25% 0.25% $100
 

FDIC-insured institutions are prohibited from offering interest-bearing checking accounts to businesses. Some associations, sole proprietorships and nonprofit organizations may be eligible for these accounts.



 

Privacy Statement     Equal Housing Lender   Member FDIC       Terms of Use

1Annual Percentage Rate (APR) shown may vary. A sample monthly payment example for a 80% LTV loan of $10,000 for 5 years at 6.875% is $197.43 per month.  Client paid closing cost program rates shown require a minimum loan size of $5,000. Closing costs will vary by state and municipality and will generally range from $350 to $1,500 for loans between $5,000 and $100,000. Larger loans will have greater closing costs. Contact us for specific closing costs in your area.  Raymond James Bank paid closing cost programs have a minimum loan size of $5,000. Loans prepaid during the first year are subject to a 2% prepayment penalty. The maximum Bank paid closing cost loan is $250,000. Additional discounts may be applicable for direct payment from a Raymond James Bank account or Raymond James & Associates brokerage account. All requests are subject to standard credit approval, appraisal, title work, flood certification and income verification. Property insurance required. Flood insurance may be required.

2WSJ Prime refers to the Prime Rate as published in the Money Rates Table of the Wall Street Journal. Interest rate may adjust monthly based on the movement in the Prime Rate. Minimum lifetime floor is 4.50% APR with a maximum lifetime 18.00% APR applicable to all lines of credit. Lines of credit, except for those in Texas, are subject to an annual fee of $50 which will be charged to the line of credit. All rates are subject to change without notice and your actual APR may vary. Rates shown on this web page are for informational purposes only. All lines of credit have a ten year balloon, which may result in a lump sum balloon payment due at maturity. Additional discounts may be applicable for direct payment from a Raymond James Bank account or Raymond James & Associates brokerage account. Lines of credit smaller than $25,000 are available, however rates and terms will be different than those shown. All requests are subject to standard credit approval, appraisal, title work, flood certification and income verification. Property insurance required. Flood insurance may be required. Home equity lines of credit secured by Texas real estate have separate parameters.

3Annual Percentage Rate shown may vary. Monthly payments for $100,000 x 6.95% amortized for 15 years and a 3 year balloon, with a 25% down payment are $999.45 per month, with a balloon payment due at the maturity estimated at $88,261.92.

Additional discounts may be applicable for direct payment from a Raymond James Bank account or Raymond James & Associates brokerage account. All requests are subject to standard credit approval, appraisal, title work, flood certification and income verification. Closing costs will vary based on state and municipality and will include a ½% loan origination fee, subject to a $750 minimum. 

 

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, FSB, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank and are subject to investment risks, including possible loss of the principal invested.