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  • Loan Rates

     

    When you apply for a loan at TSB you get a competitive rate combined with a trusted local lender that has your best interest at heart.

    Auto Loan Rates

     

    Effective as of 12/12/2018

    .25% off auto loan rates for automatic payment from TSB account

    + Example: With a maximum loan amount of $50,000, a 48-month auto loan with a rate of 2.950% would cost $22.11 per $1,000

    Example: With a maximum loan amount of $50,000, a 48-month auto loan with a rate of 2.700% would cost $22.00 per $1,000


    Consumer Loan Rates

     

    Effective as of 12/12/2018


     
    1 No closing costs for loan amounts of $75,000 or greater.  Loan amounts less than $75,000, borrower will be responsible to pay closing cost of $477.35, which includes Attorney Fee, Recording Fee, Flood Certificate Fee and Credit Report Fee.  The Bank will pay for the appraisal.  Property insurance is required and flood insurance may be required. Property must be a 1-to-4 family owner-occupied home. This loan must be recorded in second position, junior to an existing first mortgage.

    2 Introductory offer of 3.750% APR for 12 months is subject to change during this period based on the Prime Rate as published in the Wall Street Journal on the last business day of the month minus 1 ½%.   After initial 12 month period, APR will be adjusted monthly based on the Prime Rate as published on the last business day of the month minus ½%.  $25,000 initial advance is required at closing. Automatic payments from a TSB checking account with direct deposit of payroll income are required for the life of the loan. If automatic payments or direct deposit are terminated or you close the checking account or fail to keep sufficient funds on deposit, the rate will terminate and the APR will be adjusted on the first day of each billing cycle to equal the Prime Rate only. $500 termination fee if closed within the first 24 month period. The current Prime Rate is 5.250% as of November 30, 2018.  The maximum APR is 18.00% and the minimum APR is 3.000%.  Your minimum payment due will never be lower than $100.00. Property insurance is required and flood insurance may be required. No closing costs, except lender’s title insurance is required if credit limit equals or exceeds $100,000 and Loan Account is secured by a first mortgage. Property must be a 1-to-4 family owner-occupied home. You should consult with a tax advisor about the deductibility of interest paid on your Home Equity Line of Credit.

    Your rate will adjust monthly based on the Prime Rate as published in the Wall Street Journal on the last business day of the month minus 1/2%. The current Prime Rate is 5.250% as of  November 30, 2018. The maximum APR is 18.00% and the minimum APR is 3.00%. Your minimum payment due will never be lower than $100.00. Property insurance is required and flood insurance may be required. The borrower will be responsible for closing costs of $477.35, which includes Attorney Fee, Recording Fee, Flood Certificate Fee and Credit Report Fee. The Bank will pay for the appraisal.  Property must be a 1-to-4 family owner-occupied home. You should consult with a tax advisor about the deductibility of interest paid on your Home Equity Line of Credit.

    4 Available for property located in the Bank's CRA area: Andover, Lawrence, Lynnfield, Melrose, Methuen, Middleton, North Reading, Reading, Saugus, Stoneham, Wakefield and Wilmington.

    The monthly payment during the draw period consists of ½ of 1.00% of the outstanding principal, plus finance charges, you pay finance charges only on the funds that you use; monthly payments of principal and finnance charges.

    6 Maximum combined individual and/or household limit is $2,000.

    7 Savings Collateral loan payback schedule is based on $1,000 per year (i.e. $1,000 @ 1 year, $4,000 @ 4 years, $15,000 up to 10  years).
     

    For more information, call our Consumer Loan Specialists at (800) 246-2009.

     

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    The Savings Bank  357 Main Street St, Wakefield, MA, 01880    Phone: (800) 246-2009    Fax: (781) 224-5482
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