​Deposit Rates


Deposit Accounts Rates As Of October 27, 2021


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
True Local Money Market $25,000 $25,000 0.20% 0.20% Monthly
Business Money Market $5,000 $5,000 0.20% 0.20% 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-$49,999 0.10% 0.10% Monthly
Putnam Premium $5,000 $50,000-$99,999 010% 0.10% Monthly
Putnam Premium $5,000 $100,000 & Over 0.15% 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% Quarterly
8 Month $500 $500 0.15% 0.15% Quarterly
1 Year $500 $500 0.20% 0.20% Quarterly
18 Month $500 $500 0.25% 0.25% Quarterly
2 Year $500 $500 0.25% 0.25% Quarterly
30 Month $500 $500 0.35% 0.35% Quarterly
3 Year $500 $500 0.35% 0.35% Quarterly
4 Year $500 $500 0.40% 0.40% Quarterly
5 Year $500 $500 0.50% 0.50% Quarterly

Loan Rates

Residential Mortgage Rates
Rates effective as of October 27, 2021


CONFORMING AND JUMBO LOAN AMOUNTS UP TO ONE MILLION
Product Interest Rate % Annual Percentage Rate %**** Points # of Monthly Payments *,*** Payment Factor *,**,***
10 Year 2.625% 2.644% 0 120 $9.48
15 Year 2.625% 2.638% 0 180 $6.73
20 Year 3.000% 3.010% 0 240 $5.55
30 Year 3.250% 3.257% 0 360 $4.35
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 2.375% 2.871% 36/324 2.375%/3.000% $3.89/$4.19
5/1 ARM 2.375% 2.793% 60/300 2.375%/3.000% $3.89/$4.17
7/1 ARM 2.750% 2.893% 84/276 2.750%/3.000% $4.08/$4.19
10/1 ARM 2.875% 2.932% 120/240 2.875%/3.000% $4.15/$4.20
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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