Interest Rates
Rates are subject to change daily. All rates are set at the time of loan funding.
Ag/Business Loans
| Established Farmer Real Estate Loan Rates Effective for January 17, 2020 |
||||
| Rate Index | Term | Level I | Level II | Level III |
|---|---|---|---|---|
| Quarterly Adj. | 25 Years | 3.57% | 4.07% | 4.57% |
| Annual | 25 Years | 3.63% | 4.13% | 4.63% |
| 3-Year Adj. | 25 Years | 3.64% | 4.14% | 4.64% |
| 5-Year Adj. | 25 Years | 3.74% | 4.24% | 4.74% |
| 7-Year Adj. | 25 Years | 3.96% | 4.46% | 4.96% |
| 10-Year Fixed | 10 Years | 4.14% | 4.64% | 5.14% |
| 10-Year Adj. | 20 Years | 4.39% | 4.89% | 5.39% |
| 10-Year Adj. | 25 Years | *6.00% | *6.50% | *7.50% |
| 25-Year Fixed | 25 Years | 4.89% | 5.39% | 5.89% |
| Established Farmer Real Estate Loan Rates Effective for January 17, 2020 |
|
| Rate Index | Quarterly Adj. |
|---|---|
| Term | 25 Years |
| Level I | 3.57% |
| Level II | 4.07% |
| Level III | 4.57% |
| Rate Index | Annual |
| Term | 25 Years |
| Level I | 3.63% |
| Level II | 4.13% |
| Level III | 4.63% |
| Rate Index | 3-Year Adj. |
| Term | 25 Years |
| Level I | 3.64% |
| Level II | 4.14% |
| Level III | 4.64% |
| Rate Index | 5-Year Adj. |
| Term | 25 Years |
| Level I | 3.74% |
| Level II | 4.24% |
| Level III | 4.74% |
| Rate Index | 7-Year Adj. |
| Term | 25 Years |
| Level I | 3.96% |
| Level II | 4.46% |
| Level III | 4.96% |
| Rate Index | 10-Year Fixed |
| Term | 10 Years |
| Level I | 4.14% |
| Level II | 4.64% |
| Level III | 5.14% |
| Rate Index | 10-Year Adj. |
| Term | 20 Years |
| Level I | 4.39% |
| Level II | 4.89% |
| Level III | 5.39% |
| Rate Index | 10-Year Adj. |
| Term | 25 Years |
| Level I | *6.00% |
| Level II | *6.50% |
| Level III | *7.50% |
| Rate Index | 25-Year Fixed |
| Term | 25 Years |
| Level I | 4.89% |
| Level II | 5.39% |
| Level III | 5.89% |
Bank of North Dakota charges no prepayment penalties for early payment. The maximum rate charged during the term of the loan will not increase by more than 6% from the initial interest rate on the quarterly, annual, 3-year, 5-year, 7-year and 10-year adjusted rates. The maximum loan will not exceed $3,000,000.
*Reflects interest rate floor.
*Reflects interest rate floor.
| Participation Daily Adjustable Loan Rate Indices Rate Index Indications as of January 17, 2020 |
|
| Rate Index | Index |
|---|---|
| 1 Month LIBOR | Link |
| 3 Month LIBOR | Link |
| FHLB 1 Year Advance Rate | 1.88% |
| FHLB 2 Year Advance Rate | 1.87% |
| FHLB 3 Year Advance Rate | 1.89% |
| FHLB 5 Year Advance Rate | 1.99% |
| FHLB 7 Year Advance Rate | 2.21% |
| FHLB 10 Year Advance Rate | 2.39% |
| Participation Daily Adjustable Loan Rate Indices Rate Index Indications as of January 17, 2020 |
|
| Rate Index | 1 Month LIBOR |
|---|---|
| Index | Link |
| Rate Index | 3 Month LIBOR |
| Index | Link |
| Rate Index | FHLB 1 Year Advance Rate |
| Index | 1.88% |
| Rate Index | FHLB 2 Year Advance Rate |
| Index | 1.87% |
| Rate Index | FHLB 3 Year Advance Rate |
| Index | 1.89% |
| Rate Index | FHLB 5 Year Advance Rate |
| Index | 1.99% |
| Rate Index | FHLB 7 Year Advance Rate |
| Index | 2.21% |
| Rate Index | FHLB 10 Year Advance Rate |
| Index | 2.39% |
| Guaranteed Loan Purchase Program Rates Effective for January 17, 2020 |
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| Rate Index | BND Net Rate | + | Lead Lender | =Borrower Rate |
|---|---|---|---|---|
| Quarterly adjusted | 2.82% | + | Service Fee | =Borrower Rate |
| 1-year Adjusted | 2.88% | + | Service Fee | =Borrower Rate |
| 3-year Adjusted | 2.89% | + | Service Fee | =Borrower Rate |
| 5-year Adjusted | 2.99% | + | Service Fee | =Borrower Rate |
| 7-year Adjusted | 3.21% | + | Service Fee | =Borrower Rate |
| 10-year Adjusted | 3.39% | + | Service Fee | =Borrower Rate |
| Guaranteed Loan Purchase Program Rates Effective for January 17, 2020 |
|
| Rate Index | Quarterly adjusted |
|---|---|
| BND Net Rate | 2.82% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 1-year Adjusted |
| BND Net Rate | 2.88% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 3-year Adjusted |
| BND Net Rate | 2.89% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 5-year Adjusted |
| BND Net Rate | 2.99% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 7-year Adjusted |
| BND Net Rate | 3.21% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 10-year Adjusted |
| BND Net Rate | 3.39% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Daily Adjustable Treasury Loan Rate Indices (For reference only) Rate Index Indications as of January 17, 2020 (Based on Prior Business Day Close) |
|
| Rate Index | Index |
|---|---|
| 90-Day US Treasury Bill | 1.55% |
| 1-Year US Treasury Bill | 1.54% |
| 3-Year US Treasury Note | 1.58% |
| 5-Year US Treasury Note | 1.63% |
| 10-Year US Treasury Note | 1.81% |
| Daily Adjustable Treasury Loan Rate Indices (For reference only) Rate Index Indications as of January 17, 2020 (Based on Prior Business Day Close) |
|
| Rate Index | 90-Day US Treasury Bill |
|---|---|
| Index | 1.55% |
| Rate Index | 1-Year US Treasury Bill |
| Index | 1.54% |
| Rate Index | 3-Year US Treasury Note |
| Index | 1.58% |
| Rate Index | 5-Year US Treasury Note |
| Index | 1.63% |
| Rate Index | 10-Year US Treasury Note |
| Index | 1.81% |
Student Loans
| DEAL Student Loan (ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|||||
| Student/College Information | Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate | Variable APR* |
|---|---|---|---|---|---|
| ND student attending a ND college | 0% | 4.39% | 4.21% | 3.40% | 3.29% |
| ND student attending an out-of-state college | 0% | 4.39% | 4.21% | 3.40% | 3.29% |
| Out-of-state student attending a ND college | 0% | 4.39% | 4.21% | 3.40% | 3.29% |
| DEAL Student Loan (ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|
| Student/College Information | ND student attending a ND college |
|---|---|
| Loan Fee | 0% |
| Fixed Interest Rate | 4.39% |
| Fixed APR* | 4.21% |
| Variable Interest Rate | 3.40% |
| Variable APR* | 3.29% |
| Student/College Information | ND student attending an out-of-state college |
| Loan Fee | 0% |
| Fixed Interest Rate | 4.39% |
| Fixed APR* | 4.21% |
| Variable Interest Rate | 3.40% |
| Variable APR* | 3.29% |
| Student/College Information | Out-of-state student attending a ND college |
| Loan Fee | 0% |
| Fixed Interest Rate | 4.39% |
| Fixed APR* | 4.21% |
| Variable Interest Rate | 3.40% |
| Variable APR* | 3.29% |
*The APR calculation assumes a loan of $10,000, two disbursements 120 days apart, a fixed interest rate of 4.39% or a variable interest rate of 3.40%, a loan fee BND pays for you and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. Learn more about fixed and variable interest rates.
| DEAL Student Loan (Non-ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|||||
| Student/College Information | Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate | Variable APR* |
|---|---|---|---|---|---|
| Out-of-state student attending a college in WI, MN, SD, WY or MT | 3.75% | 5.39% | 5.55% | 4.40% | 4.65% |
| Student from WI, MN, SD, WY or MT attending school outside of ND | 3.75% | 5.39% | 5.55% | 4.40% | 4.65% |
| DEAL Student Loan (Non-ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|
| Student/College Information | Out-of-state student attending a college in WI, MN, SD, WY or MT |
|---|---|
| Loan Fee | 3.75% |
| Fixed Interest Rate | 5.39% |
| Fixed APR* | 5.55% |
| Variable Interest Rate | 4.40% |
| Variable APR* | 4.65% |
| Student/College Information | Student from WI, MN, SD, WY or MT attending school outside of ND |
| Loan Fee | 3.75% |
| Fixed Interest Rate | 5.39% |
| Fixed APR* | 5.55% |
| Variable Interest Rate | 4.40% |
| Variable APR* | 4.65% |
* The Annual Percentage Rate (APR) is different from the actual interest rate if there are loan fees. The APR includes the loan fee and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, two disbursements 120 days apart, a fixed interest rate of 5.39% or a variable interest rate of 4.40%, a loan fee of 3.75% and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. Learn more about fixed and variable interest rates.
| DEAL One Loan (ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
||||
| Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate** | Variable APR* |
|---|---|---|---|---|
| 0% | 4.39% | 4.39% | 3.40% | 3.40% |
| DEAL One Loan (ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|
| Loan Fee | 0% |
|---|---|
| Fixed Interest Rate | 4.39% |
| Fixed APR* | 4.39% |
| Variable Interest Rate** | 3.40% |
| Variable APR* | 3.40% |
*The Annual Percentage Rate (APR) is different from the actual interest rate because the APR considers fees and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, a fixed interest rate of 4.39% or variable interest rate of 3.40%, a loan fee BND pays for you and a 10-year repayment term. **The variable interest rate will never exceed 10.00%. Learn more about fixed and variable interest rates.
| DEAL Consolidation Loan (Non-ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
||||
| Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate** | Variable APR* |
|---|---|---|---|---|
| 3.75% | 5.39% | 6.19% | 4.40% | 5.19% |
| DEAL Consolidation Loan (Non-ND Rates) These interest rates are available January 1, 2020 through March 31, 2020 |
|
| Loan Fee | 3.75% |
|---|---|
| Fixed Interest Rate | 5.39% |
| Fixed APR* | 6.19% |
| Variable Interest Rate** | 4.40% |
| Variable APR* | 5.19% |
* The Annual Percentage Rate (APR) is different from the actual interest rate because the APR considers fees and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, a fixed interest rate of 5.39% or variable interest rate of 4.40%, a loan fee of 3.75% and a 10-year repayment term. ** The variable interest rate will never exceed 10.00%. Learn more about fixed and variable interest rates.
Prime Rates
| Prime Rate Comparison | ||
| Provider | Prime Rate | Effective Date |
|---|---|---|
| Bank of North Dakota Base Rate | 4.75% | 10/31/2019 |
| Wall Street New York | 4.75% | 10/31/2019 |
| Wells Fargo - Minneapolis | 4.75% | 10/31/2019 |
| US Bank National Association | 4.75% | 10/31/2019 |
| Citibank New York | 4.75% | 10/31/2019 |
| Bank of America | 4.75% | 10/31/2019 |
| Prime Rate Comparison | |
| Provider | Bank of North Dakota Base Rate |
|---|---|
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
| Provider | Wall Street New York |
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
| Provider | Wells Fargo - Minneapolis |
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
| Provider | US Bank National Association |
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
| Provider | Citibank New York |
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
| Provider | Bank of America |
| Prime Rate | 4.75% |
| Effective Date | 10/31/2019 |
NMLS# NDER412611