Deposit Rates

Rates Accurate as of January 28, 2010

SAVINGS ACCOUNTS

CHECKING AND MONEY MARKET ACCOUNTS

CERTIFICATES OF DEPOSIT

BUMP RATE CERTIFICATES OF DEPOSIT

INDIVIDUAL RETIREMENT ACCOUNTS
Certificates of Deposit

Important Information About Deposit Products

• Madison Square FSB reserves the right to refuse any deposit or request for a savings account.
• Accounts available for State of Maryland residents only. All applicants must physically come into one of our branch locations to open any account.
• In accordance with the USA Patriot Act, Madison Square F.S.B. is required to obtain, verify, and record information that identifies each person who opens an account.
• Fees and charges may reduce the earnings on these accounts.
• Interest is computed from day of deposit to day of withdrawal.
• No monthly service fee if you maintain the stated minimum balance for each account type.
• The Annual Percentage Yield (APY) and Interest Rate for Savings, Checking, and Money Market Accounts may change after account opening.
• FDIC insured up to $100,000 per depositor. The $100,000 amount applies to all depositors of Madison except for owners of “self-directed” retirement accounts, which are insured up to $250,000 per owner.
• NOW checking accounts are available for consumers and non-profit corporations.
• The Visa Check/Debit Card is available to Madison Square NOW Checking, Passport Checking and Money Market account customers. Make surcharge-free cash withdrawals from the ATMs at all three of our locations. In addition, Madison Square is a member of Allpoint, a national network of over 32,000 surcharge-free ATMs.
• Money Market Account is limited, by Federal Regulation, to no more than six preauthorized transactions per month, including no more than three checks, drafts, or Point of Sale (POS) transactions. Excess transactions are subject to fees/charges.
• Certificates of Deposit (CD) – CDs are issued in the form of either a book or a printed certificate with quarterly statements, depending on product. Early withdrawals from CDs will result in substantial penalties.
• Bump Rate CDs permit one rate adjustment per term. The 30 Month Bump Rate CD also permits additions and withdrawals with certain limitations.
• Individual Retirement Account (IRA) – All IRAs receive a semi-annual statement.
• The 18-month Variable Rate IRA is subject to change quarterly.
• For more information, call 410-529-7400.

Mortgage Rates

Rates Effective February 18, 2010

Rates and terms are subject to change without notice.

MADISON SQUARE
FSB IS A PORTFOLIO LENDER – WE DO NOT INTEND TO SELL YOUR LOAN

FIXED RATE

FIXED RATE WITH CALL OPTION
(Purchase/Refinance - Conforming mortgages up to $417,000)

INDIVIDUAL LOT LOANS

CONSTRUCTION ONLY/CONSTRUCTION PERMANENT

HOME EQUITY LOANS – FIXED RATE

Important Information About Our Residential Mortgage Plans

• In accordance with the USA Patriot Act, Madison Square FSB is required to obtain, verify, and record information that identifies each person who opens an account.
• For primary single-family residences located in our home and extended market area (Baltimore MSA).
• Conforming and non-conforming primary single-family mortgages over $417,000 - call for information.
• Except for Home Equity lines, the APR disclosed above is based on a loan amount of $100,000 with a 20% down payment; your APR will vary based on your final loan amount and finance charges.
• One point equals 1% of the amount borrowed.
• Fees for appraisal, credit report, and flood certification may be required at time of application.  Fees may vary.
• All purchase money mortgages require at least 3% or more down payment.
• 95% LTV maximum for refinances.
• LTVs in excess of 80% require Private Mortgage Insurance (PMI).
• Subject to credit approval. Other rates and terms available.
• Adequate property insurance required.
• Flood Insurance may be required.
• Prequalifications available.
• First-Time Homebuyer Programs – call for information.
• Lot loans require a perk test and potability test prior to settlement if the site will be serviced by a septic system or well.  The maximum LTV and loan amount for a lot loan is 75% and $200,000, respectively.
• Maximum home equity loan is 80% of home’s value minus any existing mortgage balance or $100,000, whichever is less.
• Maximum home equity line is 80% of home’s value minus any existing mortgage balance or $100,000, whichever is less.
• Consult your tax advisor regarding the deductibility of interest and charges.

COMMERCIAL REAL ESTATE & INVESTOR PROPERTY LOANS

Consumer Loan Rates

Rates Effective February 18, 2010

Automobile · SUV · Light Truck (Purchase/Refinance)

• In accordance with the USA Patriot Act, Madison Square FSB is required to obtain, verify, and record information that identifies each person who opens an account.
• These loans are for State of Maryland residents in our home and extended market area (Baltimore MSA) possessing a valid Maryland Driver’s License.
• Vehicle must be titled in the State of Maryland.
• Subject to approved credit and collateral offered as security. Other rates and terms available.
• Receive a .25% discount on loan rate if the monthly payments are automatically deducted from a qualified Madison Square FSB Statement Savings, Checking or NOW account.
• Adequate comprehensive insurance coverage required.  The maximum deductible is $500.
• Maximum amount financed on new vehicles (never titled) is $60,000 or MSRP, whichever is less.
• Maximum amount financed on used vehicles (previously titled), is $60,000 or the NADA Used Car Guide “retail value,” whichever is less.
• Extended terms considered on a case-by-case basis with interest rate and/or down payment adjustment.
• Commercial vehicle and motorcycle loans available. Please call for information.