Certificates of Deposit (CDs)

First Community Bank CDs are designed with competitive rates and a choice of maturities.

Best Deposit Rate: Call us for current best rate available.

• Harbor Springs (231) 526-2114
• Petoskey (231) 348-1800
• Cheboygan (231) 627-7700
• Traverse City (231) 946-2400

BORROWING

Personal Loans

Is it time for a new vehicle or a room addition for your growing family? Is there a special purchase you want to make?

Credit, wisely used, can improve the quality of your life.

There are different loan products for different needs.  Here are some examples:

• An installment loan - Installment loans require repayment of a set amount according to a set schedule.  Normally, you must pledge some sort of collateral as security for the loan.  A car loan, for example, uses the vehicle for security.
  
  To calculate monthly payment amounts for various loan sizes, go to financial tools.  Contact us for your Personal Loan Application.
  
• A home improvement loan - These loans are similar to installment loans but are normally secured by your equity in your home.  Funds are borrowed all at one time and paid back over a set period of time.  The interest on these loans is often tax deductible (consult you tax advisor).
  
• A credit card - A credit card lets you borrow money as you need it within a predetermined limit and pay it back whenever you wish subject to minimum monthly payments.