Rates

Qualifications

To qualify for the 4.00% APY and ATM fee refunds, simply do the following each monthly statement cycle:

• Receive eStatements
• Have at least one direct deposit post and clear
• Have at least 12 debit card transactions post and clear
• Current checking account holders or those who closed a checking account within the last 90 days are not eligible for this offer.

See. Unbelievably simple. And even if you don't qualify one cycle, you still have a checking account that earns our base rate of 0.05% APY.

* High Interest Checking Special: 4.00% APY on balances up to $15,000 is available for 12 months after account opening if account qualifications and rate tiers are met. Rate may change after promotional period. Promotion may end without notice 

Qualifications

To qualify for the 2.00% APY and ATM fee refunds, simply do the following each monthly statement cycle:

• Receive eStatements
• Have at least one direct deposit post and clear
• Have at least 12 debit card transactions post and clear

See. Unbelievably simple. And even if you don't qualify one cycle, you still have a checking account that earns our base rate of 0.05% APY.

Rates may change at any time after the account is open.

Rate may change at any time after the account is open.

Rate may change at any time after the account is open.

Rates are subject to change without notice

*Interest is charged from the transaction date.

0.75% Savings Account Disclosure:

*Annual Percentage Yield (APY) accurate as of 8/21/19. 0.75% APY applies only to new money for 12 months from account opening date if rate tiers are met. Current savings or money market account holders or those who have closed an account within the last 90 days are not eligible for this offer.  Limit one new savings account per tax ID.  Rate may change after promotional period. If your daily balance is $250,000 or less, the interest rate will be 0.75% with an APY of 0.75%. An interest rate of 0.03% will be paid only for that portion of your daily balance that is greater than $250,000. The APY for this tier will range from 0.03% to 0.75% depending on the balance in the account. Minimum deposit is $1. A $400 average daily balance is required to avoid a $4 monthly maintenance fee.  Fees may reduce earnings. Promotion may end without notice. Member FDIC.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account

Rates may change at any time after the account is open.

1.75% Money Market Disclosure:

*Annual Percentage Yield (APY) accurate as of 8/21/19. 1.75% APY applies only to new account holders that deposit new money and establish a new High Interest, Emerald, or Direct Rewards checking account relationship with a $500 direct deposit each statement cycle. Current checking account holders or those who have closed an account within the last 90 days are not eligible for this offer. Limit one new account per tax ID. Rate is guaranteed for 12 months from account opening date if account qualifications and rate tiers are met. Rate may change after promotional period. If your daily balance is $250,000 or less, the interest rate will be 1.75% with an APY of 1.75%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $250,000. The APY for this tier will range from 0.10% to 1.75% depending on the balance in the account. If a monthly direct deposit is not received in a High Interest, Emerald, or Direct Rewards checking account, the rate for this account will be 0.10% with a 0.10% APY on all balances. Minimum deposit is $2,500. A $2,500 average daily balance is required to avoid a $5 monthly maintenance fee and a $0.15 activity fee. Fees may reduce earnings. Promotion may end without notice. Member FDIC.

Fees could reduce earnings on the account

Rates may change at any time after the account is open.

Fees could reduce earnings on the account

Rates may change at any time after the account is open.

Fees could reduce earnings on the account

Rates may change at any time after the account is open.

Rates are subject to change without notice

Interest rates may change after customer opens account

Fees could reduce earnings on the account

Certificates of Deposit require a minimum deposit of $500.00 to open. Rates are subject to change without notice. Penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance needed to obtain stated APY is $500.00

*Minimum deposit to open is $2500.00. The minimum balance that must be maintained in order to receive the stated APY is $2500.00. Rates are subject to change without notice. 

IRA Certificates of Deposit require a minimum deposit of $500.00 to open. Rates are subject to change without notice. Penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance needed to obtain stated APY is $500.00

*Minimum deposit to open is $2500.00. The minimum balance that must be maintained in order to receive the stated APY is $2500.00. Rates are subject to change without notice. 

Purchase or Refinance: 60 day rate lock
New Construction New Build: 240 day rate lock
New Construction Draw Only: 240 day rate lock
Minimum Loan amount: $25,000; Maximum conforming amount: $484,350

Option to receive a 1/8% (0.125%) discount on the APRs listed above for terms of 10, 15 or 20 years when you have your loan payments automatically deducted from your Direct Rewards, High Interest or Emerald Checking account at Solvay Bank.

We offer a variety of mortgage options, contact the Mortgage Department at 315-484-2205 for further details.

Felix Melendez    NMLS ID #494173   315-484-2225   [email protected]

Trish DeWalt Cazzolli    NMLS ID #589621   315-701-5275   [email protected]

Christian Roque    NMLS ID #23236   315-484-2235   [email protected]

* The annual percentage rates (APR) are current as of 10/16/2019. Monthly Payment examples are based on a loan amount of $165,000.00 with a $110,000 down payment and 0 points. Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance. Your actual monthly payment may be greater. Mortgage Insurance is required if the loan-to-value exceeds 80%. Homeowners insurance and flood insurance, if applicable, are required. Subject to credit approval and property appraisal based on secondary market underwriting requirements.

5/1 ARM Payment Example: The total repayment term for this ARM is 30 years or 360 payments. For the first 60 months, the payment will be $718.09 with a corresponding interest rate of 3.250%; for the remaining 300 months, the estimated payment will be $1,151.00 with a corresponding interest rate of 8.250%. The interest rate and monthly payment amount may vary after the first 60 months. 

7/1 ARM Payment Example: The total repayment term for this ARM is 30 years or 360 payments. For the first 84 months, the payment will be $729.46 with a corresponding interest rate of 3.375%; for the remaining 276 months, the estimated payment will be $1,144.00 with a corresponding interest rate of 8.375%. The interest rate and monthly payment amount may vary after the first 84 months.

10/1 ARM Payment Example: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 120 months, the payment will be $740.92 with a corresponding interest rate of 3.500%; for the remaining 240 months, the estimated payment will be $1,109.00 with a corresponding interest rate of 8.500%. The interest rate and monthly payment amount may vary after the first 120 months.

Purchase or Refinance: 60 day rate lock
New Construction New Build: 240 day rate lock
Minimum Loan amount: $25,000; Maximum Loan amount: $484,350

We offer a variety of mortgage options, contact the Mortgage Department at 315-484-2205 for further details.

Felix Melendez  -  NMLS ID #494173 - 315-484-2225 -  [email protected]

Trish DeWalt Cazzolli  -  NMLS ID #589621 - 315-701-5275 -  [email protected]

Christian Roque  -  NMLS ID #23236 - 315-484-2235 -  [email protected]

* The Annual Percentage Rate (APR) and Monthly Payment calculation is current as of 10/10/19 and is based on loan amount of $165,000.00 with a $110,000.00 down payment and 0 points.  The APR and monthly payment on Adjustable Rate Mortgages (ARMs) are variable and subject to increase or decrease after the initial period.  Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance.  Your actual monthly payment may be greater. Mortgage Insurance is required if the loan-to-value exceeds 80%.  Homeowners insurance and flood insurance, if applicable, are required.  Subject to credit approval and property appraisal based on secondary market underwriting requirements.  Contact a Mortgage Loan Originator at 315-484-2205 for further details.

By way of example, on a PERSONAL UNSECURED loan for $5,000 with an annual percentage rate of 9.00% for 48 months, your monthly payment would be: $124.45

* Minimum finance amount $25,000.

By way of example, for a new AUTO, with a purchase price of $20,000, a 10% down payment equaling $2,000 and an annual percentage rate of 3.25% for 60 months, your monthly payment would be: $325.80.

By way of example, on a HOME IMPROVEMENT loan for $5,000 with an annual percentage rate of 8.00% for 48 months, your monthly payment would be: $122.09

By way of example, on a NEW MOTORCYCLE loan for $15,000 with an annual percentage rate of 5.25% for 60 months, your monthly payment would be: $285.69

The APR is based on the applicant(s) credit profile that is reported to Solvay Bank by an outside credit reporting agency.

By way of example, on a NEW BOAT loan for $15,000 with an annual percentage rate of 6.25% for 60 months, your monthly payment would be: $292.67

*Annual Percentage Rate (APR)

** Stated APRs reflect a rate discount of 0.25% for maintaining automatic payment from a Direct Rewards, High Interest or Emerald Checking account.  

• Loan Limits from $15,000 to $300,000
• Fixed Interest Rate / amortized monthly payment of principal and interest
• No closing costs¹ for loans of $250,000 or less
• At closing, the Borrower will be required to pay New York State Mortgage Tax of 1% on any portion of the loan which exceeds $250,000
• Maximum available equity is up to 90% of the appraised value minus the balance of the first mortgage
• Subject to credit approval
• Property Insurance and, if applicable, flood insurance is required
• Consult tax advisor for tax deductibility

• Rates are subject to change and set based upon the current rate for the day you apply.

Typical loan payment examples are as follows: If you borrow $15,000, secured by a first lien for 36 months at 4.000% APR, the monthly payment would be $442.86. If you borrow $15,000, secured by a second lien for 180 months at 5.500% APR, the monthly payment would be $122.56. Monthly payment examples do not include property taxes or homeowners insurance. Your actual monthly payment may be higher. Additional terms and conditions may apply

¹To qualify for no closing costs, customers must maintain the Home Equity Fixed Rate Loan in good standing for 36 months. Early discharge of the Home Equity Fixed Rate Loan, for any reason within 36 months of the original note date, may require payment of closing costs at the time of cancellation. These third party fees generally total between $697.29 and $2,464.79.

• Loan Limits from $15,000 to $300,000
• No closing costs² for loans of $250,000 or less
• At closing, the Borrower will be required to pay New York State Mortgage Tax of 1% on any portion of the loan which exceeds $250,000
• Variable Rate / Minimum payment of monthly accrued interest
• Maximum available equity is up to 90% of the appraised value minus the balance of the first mortgage
• Credit line checks provided for easy access to line
• Property Insurance and, if applicable, flood insurance is required
• Subject to credit approval
• Consult tax advisor for tax deductibility

Rates are variable and may adjust monthly based on changes to the Prime Rate, as published in the Wall Street Journal.

²To qualify for no closing costs, customers must maintain the Home Equity Line of Credit in good standing for 36 months. Early discharge of the Home Equity Line of Credit, for any reason within 36 months of the original note date, may require payment of third party fees at the time of cancellation. These third party fees generally total between $697.29 and $2,464.79.