​Deposit Rates


Deposit Accounts Rates As Of  November 22, 2023


Checking

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Checking Deposit Account Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
True Local $50 $1 0.05% 0.05% Monthly
True Local Premium $100 $1 0.10% 0.10% Monthly
NOW Non-Profit $100 $500 0.05% 0.05% Monthly


Savings

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Savings Deposit Account Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
Money Market N/A $250-$2,499 0.05% 0.05% Monthly
Money Market N/A $2,500 & Over 0.10% 0.10% Monthly
Preferred Money Market $250 $5,000 2.031% 2.05% Monthly
True Local Money Market $25,000 $25,000 0.15% 0.15% Monthly
Business Money Market $5,000 $5,000 0.15% 0.15% Monthly
Passbook N/A $25 0.05% 0.05% Monthly
Statement Savings $25 $25 0.05% 0.05% Monthly
Putnam Premium $5,000 $5,000-$24,999 0.05% 0.05% Monthly
Putnam Premium $5,000 $25,000-$99,999 0.10% 0.10% Monthly
Putnam Premium $5,000 $100,000 & Over 0.15% 0.15% Monthly


Certificate of Deposit Rates

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Product Name Minimum Deposit To Open Account Minimum Balance to Obtain Annual Percentage Yield Interest Rate % Annual Percentage Yield % Crediting
3 Month $500 $500 0.10% 0.10% Monthly
6 Month $500 $500 0.10% 0.10% Monthly
8 Month $500 $500 0.10% 0.10% Monthly
1 Year $500 $500 4.65% 4.75% Monthly
18 Month $500 $500 3.20% 3.25% Monthly
2 Year $500 $500 0.20% 0.20% Monthly
30 Month $500 $500 0.30% 0.30% Monthly
3 Year $500 $500 0.30% 0.30% Monthly
4 Year $500 $500 0.35% 0.35% Monthly
5 Year $500 $500 0.45% 0.45% Monthly

Loan Rates

Residential Mortgage Rates
Rates effective as of February 20, 2024


CONFORMING LOAN AMOUNTS
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Product Interest Rate % Annual Percentage Rate %**** Points # of Monthly Payments *,*** Payment Factor *,**,***
15 Year 6.250% 6.426% 0 180 $8.57
20 Year 6.375% 6.517% 0 240 $7.38
30 Year 6.750% 6.863% 0 360 $6.49
CONFORMING LOAN AMOUNTS
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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 *,**,***
5/1 ARM 6.500% 7.282% 60/300 6.500%/7.625% $6.32/$6.99
7/1 ARM 6.625% 7.209% 84/276 6.625%/7.625% $6.40/$6.97
10/1 ARM I/O 6.875% 7.241% 120/240 6.875%/7.625% $5.73/$8.13
Disclaimer

Deposit Rates disclaimer

Note:

  • All Checking and Savings rates are variable and subject to change.
  • Interest compounds monthly.
  • 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. Rates reflect a discount for making automatic payments from a PCSB Bank account. Without Autopay, rates will increase by 0.25%.
*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 2.75% margin. The loans are subject to a 2% maximum annual adjustment with a 6% lifetime cap.
****Annual Percentage Rate based on loan amount of $250,000.00 and no PMI (Private Mortgage Insurance).

Assumptions subject to change without notice:

  • Owner occupied 1-4 family residence
  • Free 60-day rate lock from application
  • All loans subject to credit approval, pricing and underwriting
  • 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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