​Deposit Rates


Deposit Accounts Rates As Of October 17, 2019


Checking

Checking Deposit Account Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
True Local $25 $1 0.10% 0.10% Monthly
True Local Premium $100 $1 0.20% 0.20% Monthly
NOW Non-Profit $0 $500 0.10% 0.10% Monthly


Savings

Savings Deposit Account Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
Money Market $250 $250-$2,499 0.10% 0.10% Monthly
Money Market $250 $2,500 & Over 0.20% 0.20% Monthly
Business Money Market $5,000 $5,000 1.29% 1.30% Monthly
Passbook $0 $25 0.10% 0.10% Quarterly
Statement Savings $0 $25 0.10% 0.10% Monthly
Vacation Club $0 $25 0.10% 0.10% Maturity
Holiday Club $0 $25 0.10% 0.10% Maturity
Putnam Premium $5,000 $5,000-$24,999 0.15% 0.15% Monthly
Putnam Premium $5,000 $25,000-$49,999 0.20% 0.20% Monthly
Putnam Premium $5,000 $50,000-$99,999 0.25% 0.25% Monthly
Putnam Premium $5,000 $100,000 & Over 0.35% 0.35% Monthly


Certificate of Deposit Rates

Product Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
3 Month $2,500 $2,500 0.20% 0.20% At Maturity
6 Month $2,500 $2,500 0.30% 0.30% Quarterly
8 Month $2,500 $2,500 0.40% 0.40% Quarterly
1 Year $500 $500 0.45% 0.45% Quarterly
18 Month $500 $500 0.60% 0.60% Quarterly
2 Year $500 $500 0.70% 0.70% Quarterly
30 Month $500 $500 0.90% 0.90% Quarterly
3 Year $500 $500 0.995% 1.00% Quarterly
4 Year $500 $500 1.19% 1.20% Quarterly
5 Year $500 $500 1.39% 1.40% Quarterly

Loan Rates

Residential Mortgage Rates
Rates effective as of October 17, 2019


CONFORMING AND JUMBO LOAN AMOUNTS UP TO ONE MILLION
Product Interest Rate % Annual Percentage Rate %**** Points # of Monthly Payments *,*** Payment Factor *,**,***
10 Year 3.125% 3.144% 0 120 $9.71
15 Year 3.250% 3.263% 0 180 $7.03
20 Year 3.500% 3.510% 0 240 $5.80
30 Year 3.750% 3.758% 0 360 $4.63
CONFORMING AND JUMBO LOAN AMOUNTS UP TO ONE MILLION
ALL ADJUSTABLE RATE LOANS FEATURE NO POINTS
ADJUSTABLE RATE LOANS - UP TO 30 YEAR MATURITY Product Interest Rate % Annual Percentage Rate % **** # Monthly Fxd Rt Pmts/# Monthly Adj Rt Pmts *,*** Fixed Interest Rate/Adjustable Interest Rate *,*** Payment Factor *,**,***
3/1 ARM 3.125% 4.187% 36/324 3.125%/4.500% $4.28/$5.00
5/1 ARM 3.125% 4.012% 60/300 3.125%/4.500% $4.28/$4.95
7/1 ARM 3.250% 3.917% 84/276 3.250%/4.500% $4.35/$4.92
10/1 ARM 3.375% 3.814% 120/240 3.375%/4.500% $4.42/$4.88
Disclaimer

Deposit Rates disclaimer

Note:

  • All Checking and Savings rates are variable and subject to change.
  • Interest compounds daily.
  • Penalties may be imposed for early withdrawal on CD's.
  • Fees could reduce the earnings on the account, if applicable.

Loan Rates disclaimer

Rates are accurate as of today’s date and are subject to change without notice.
*Payments shown do not include amounts for taxes and insurance.
**To calculate the monthly payment divide the desired loan amount by 1000 then multiply the quotient to the payment factor.
***After the initial period, the ARM rates and payments are based on today’s index plus a 2.875% margin. The loans are subject to a 2% adjustment with a 6% lifetime cap.
****Annual Percentage Rate based on loan amount of $500,000.00 and no PMI.

Assumptions subject to change without notice:

  • Owner occupied single family residence
  • Free 60 day rate lock from application
  • All loans subject to credit approval and pricing
  • For loan amounts over one million, please contact us for pricing

Construction to Perm, Condominium, Co-op, 2-4 Family Residence, Jumbo and Investment Property loans are also available. 
Contact one of our mortgage representatives for available rates and terms.

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