​Deposit Rates


Deposit Accounts Rates As Of November 30, 2022


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 0.05% 0.05% Monthly
True Local Premium $100 $1 0.10% 0.10% Monthly
NOW Non-Profit $0 $500 0.05% 0.05% 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 0.05% 0.05% Monthly
Money Market $250 $2,500 & Over 0.10% 0.10% Monthly
Preferred Money Market $250 $5,000 1.05% 1.05% 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 $0 $25 0.05% 0.05% Quarterly
Statement Savings $0 $25 0.05% 0.05% Monthly
Vacation Club $0 $25 0.05% 0.05% Maturity
Holiday Club $0 $25 0.05% 0.05% Maturity
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 015% 0.15% 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 $500 $500 0.10% 0.10% At Maturity
6 Month $500 $500 0.10% 0.10% Monthly
8 Month $500 $500 0.10% 0.10% Monthly
1 Year $500 $500 0.15% 0.15% 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 November 30, 2022


CONFORMING LOAN AMOUNTS
Product Interest Rate % Annual Percentage Rate %**** Points # of Monthly Payments *,*** Payment Factor *,**,***
10 Year 5.875% 5.977% 0 120 $11.04
15 Year 6.000% 6.073% 0 180 $8.44
20 Year 6.375% 6.433% 0 240 $7.38
30 Year 6.500% 6.545% 0 360 $6.32
CONFORMING LOAN AMOUNTS
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 4.875% 6.814% 36/324 4.875%/7.500% $5.29/$6.86
5/1 ARM 5.000% 6.521% 60/300 5.000%/7.500% $5.37/$6.78
7/1 ARM 5.125% 6.308% 84/276 5.125%/7.500% $5.44/$6.71
10/1 ARM 5.250% 6.064% 120/240 5.250%/7.500% $5.52/$6.60
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 $100,000.00 and no PMI.

Assumptions subject to change without notice:

  • Owner occupied single family residence
  • Free 75 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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