Download our Residential Loan Application (requires Adobe Acrobat Reader)   After printing and filling out your application,   Fax to: Attn: Kim Brown Phone: 815-942-3232 Fax: 815-942-6109   Mail to: Morris Building & Loan Attn: Kim Brown 211 E. Jefferson Street Morris, IL 60450   or drop it off during regular business hours.

Current Rates

Rates are effective as of Tuesday, March 9, 2010
and are subject to change without notice.

Mortgages

Mortgages
Term	Interest Rate	APR	Monthly P&I*
7 Year Balloon**	5.75%	5.772%	$583.57 for 84 months
3-1 A.R.M.***	5.00%	5.984%	$536.82 for 36 months
5-1 A.R.M.***	5.25%	5.143%	$552.20 for 60 months
10 Year Fixed	4.25%	4.417%	$1024.38 for 120 months
15 Year Fixed	4.375%	4.521%	$758.62 for 180 months
20 Year Fixed	4.875%	4.957%	$653.07 for 240 months
30 Year Fixed	5.125%	5.186%	$544.49 for 360 months
Fixed Rate 2nd Mortgages
Term	Interest Rate	APR	Monthly P&I****
5 Year Fixed 2nd	6.50%	6.571%	$195.66 for 60 months
10 Year Fixed 2nd	6.75%	6.791%	$114.82 for 120 months
15 Year Fixed 2nd	7.00%	7.031%	$89.88 for 180 months

Note: APR = Annual Percentage Rates.

Mortgage Rates are as of Tuesday, March 9, 2010.

• Rates are subject to change at any time.

• Rates quoted represent only a sample of the programs we offer.  Call for more options.

• * The rates and monthly payment schedule (principal and interest) assume a 20% down payment on the purchase of an owner-occupied property resulting in a loan of $100,000. Rates may vary depending on loan size.

• Rates based on a lock period of 45 days.

• The rates listed above are based upon purchase transaction with a representative credit score of 740 or greater.  Rates may vary for borrowers with lower credit scores.

• **Amortized over 30 years with a final payment of $89,233.77 due at the end of 48 months.

• ***Interest rate is fixed for an initial period of three or five years.  Loan is amortized over a period of 30 years. Rates will adjust annually thereafter not to exceed 2% at each adjustment and not to exceed 6% over the term of the loan.

• ****The rates and monthly payment schedule (principal and interest) for the Fixed Rate 2nd Mortgages assume a $10,000 loan on an owner-occupied single-family residence or owner-occupied duplex.

View our Loan Application Checklist

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Business Loans

Business Loans (as low as)
Term	APR*
5 Year	6.25%
Interest Rates are subject to credit approval.
Real Estate Business Loans (as low as)
Term	APR*	Amortized
5 Year Balloon	6.00%	Up to 25 Years
7 Year Balloon	6.90%	Up to 25 Years
Interest Rates are subject to credit approval.

* annual percentage rate. Subject to credit approval.

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Savings

Account Type	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
Regular Savings	0.30%	0.30%	$10	Daily
Christmas Club	0.65%	0.65%	$10	Daily
Cowabunga Kid's Club	1.76%	1.75%	$10	Daily

Note: Fees could reduce earnings.
* Annual Percentage Yield

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Checking

Lifetime Checking
Balance to Maintain APY	APY*	Interest Rate	Minimum Deposit to Open
$200.00 to $2,499.99	.15%	.15%	$200
$2,500.00 to $9,999.99	.35%	.35%	$200
$10,000 to $19,999.99	.50%	.50%	$200
$20,000 or more	.70%	.70%	$200

*Annual Percentage Yield

**If your balance falls below $200 within the monthly statement cycle, the account will be assessed a $5.00 charge, plus $.25 per check over 10 for that monthly period.  Fees could reduce earnings.

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Money Market

Balance to Maintain APY	APY*	Interest Rate	Minimum Deposit to Open
Regular
$0 to $2,499	.15%	.15%	$2,500
$2,500 and greater*	.50%	.50%	$2,500
Gold Premier
Up to $4,999	.50%	.50%	$5,000
$5,000 to $24,999	.55%	.55%	$5,000
$25,000 to $49,999	.85%	.85%	$5,000
$50,000 and greater**	.95%	.95%	$5,000

*Annual Percentage Yield

**If the balance falls below $2,500 during the monthly cycle an $8.00 service charge will be assessed to your account.
*** If the balance falls below $5,000 during the monthly cycle an $8.00 service charge will be assessed to your account.

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Certificates of Deposit

Term	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
91 Day	.66%	.65%	$500.00	Quarterly
6 Month	.81%	.80%	$500.00	Quarterly
12 Month	1.07%	1.05%	$500.00	Quarterly
18 Month	1.22%	1.20%	$500.00	Quarterly
30 Month	1.69%	1.65%	$500.00	Quarterly
48 Month	2.97%	2.90%	$500.00	Quarterly
Special Promotions
13 Month	1.79%	1.75%	$1,000	Quarterly
29 Month with checking account relationship	2.56%	2.50%	$1,000	Quarterly
29 Month without checking account relationship	2.40%	2.35%	$1,000	Quarterly

* Annual Percentage Yield

**Penalty for early withdrawal.

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Individual Retirement Accounts

Term	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
IRA Builder Passbook	1.05%	1.05%	$10.00	Quarterly
6 Month	.92%	.90%	$500.00	Quarterly
12 Month	1.17%	1.15%	$500.00	Quarterly
18 Month	1.32%	1.30%	$500.00	Quarterly
30 Month	1.79%	1.75%	$500.00	Quarterly
48 Month	3.08%	3.00%	$500.00	Quarterly

* Annual Percentage Yield

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For more information, email us at info@morrisbl.com