Checking and Savings Accounts
| The Interest Rate and APY may change after the account is opened. |
| Effective as of 11/19/08 |
| Account Type |
Opening Balance Requirement |
Balance to Earn APY |
Interest Rate* |
Annual Percentage Yield (APY) |
Interest Checking - Tier 2
e-Checking - Tier 2 |
$50 |
$10,000 & over |
0.30% |
0.30% |
Interest Checking - Tier 1
e-Checking - Tier 1 |
$50 |
$10 - $9,999.99 |
0.10% |
0.10% |
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| Open a CD with your Premium Checking and receive a bonus rate of +.15% to the CD Rate. |
| Premium Checking Tier 4 |
$10 |
$100,000 & over |
1.00% |
1.00% |
| Premium Checking Tier 3 |
$10 |
$25,000-$99,999 |
.75% |
.75% |
| Premium Checking Tier 2 |
$10 |
$2,500-$24,999 |
.50% |
.50% |
| Premium Checking Tier 1 |
$10 |
$10-$2,499 |
.10% |
.10% |
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| Attorney Iolta Account
| $10 |
$10 |
1.24% |
1.25% |
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| The Money Market Account Tier 6 |
$2,500 |
$100,000 & over |
1.49% |
1.50% |
| The Money Market Account Tier 5 |
$2,500 |
$50,000 - $99,999.99 |
1.39% |
1.40% |
| The Money Market Account Tier 4 |
$2,500 |
$25,000 - $49,999.99 |
1.24% |
1.25% |
| The Money Market Account Tier 3 |
$2,500 |
$10,000 - $24,999.99 |
1.00% |
1.00% |
| The Money Market Account Tier 2 |
$2,500 |
$ 2,500 - $ 9,999.99 |
0.90% |
0.90% |
| The Money Market Account Tier 1 |
$2,500 |
$10 - $ 2,499.99 |
0.25% |
0.25% |
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| Passbook Savings |
$10 |
$10 |
0.50% |
0.50% |
| Statement Savings |
$10 |
$10 |
0.50% |
0.50% |
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| Investment Account Tier 2 |
$2,500 |
$2,500 & over |
0.65% |
0.65% |
| Investment Account Tier 1 |
$2,500 |
$10 - $2,499.99 |
0.25% |
0.25% |
*To earn the stated APY, the minimum balance indicated must be maintained.
No interest is accrued on any day the balance is less than $10.00 on all of the checking and savings accounts listed above.
Term Deposit and IRA Accounts
| An early withdrawal penalty may be imposed. |
| Effective as of 11/19/08 |
| Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield (APY) |
| 6 Month - Fixed Rate |
$ 1,000 |
2.760% |
2.80% |
| 9 Month - Fixed Rate |
$ 1,000 |
2.960% |
3.00% |
| 12 Month - Fixed Rate |
$ 1,000 |
3.690% |
3.75% |
| 18 Month - Fixed Rate |
$ 1,000 |
3.445% |
3.50% |
| 24 Month - Fixed Rate |
$ 1,000 |
3.490% |
3.55% |
| 36 Month - Fixed Rate |
$ 1,000 |
3.490% |
3.55% |
| 48 Month - Fixed Rate |
$ 1,000 |
3.540% |
3.60% |
| 60 Month - Fixed Rate |
$ 1,000. |
3.540% |
3.60% |
These offerings are available at all Banking Offices of The Savings Bank. Rates and APY's are accurate as of the effective date stated above.
Service Fees may reduce earnings on the account.
Rates are subject to change without notice.
DEPOSIT AREA
WE WILL ACCEPT DEPOSITS FROM CUSTOMERS WHO LIVE OR WORK IN THE STATE OF NEW HAMPSHIRE AND THE COMMONWEALTH OF MASSACHUSETTS.
Real Estate Loan Rates - Fixed
| Effective as of 11/19/08 |
Type |
Rate |
Points |
APR
20% Down |
Maximum
Loan Amt |
Maximun
Term |
| 10 Year Fixed |
5.750%
6.500% |
0
0 |
5.820%
6.510% |
$500,000
$1,000,000 |
10 Years
10 Years |
| 15 Year Fixed |
5.250%
5.500%
5.875% |
2
1
0 |
5.610%
5.710%
5.930% |
*
*
* |
15 Years
15 Years
15 Years |
| 30 Year Fixed |
5.750%
6.000%
6.250% |
2
1
0 |
5.970%
6.120%
6.280% |
*
*
* |
30 Years
30 Years
30 Years |
| 40 Year Fixed |
7.000% |
0 |
7.030% |
* |
40 Years |
| With a 20% down-payment, a 30 Year Fixed Rate Mortgage at 6.250%, with no points would be repayable in 360 monthly payments of $6.16 per $1,000 borrowed; a 40 Year Fixed Rate Mortgage at 7.000% with no points and a 20% down-payment would be repayable in 480 monthly payments of $6.22 per $1,000 borrowed. |
Fixed Interest Rates are subject to change daily without prior notice. At time of application the Fixed Interest Rate applied for may be higher or lower than the Fixed Interest Rate quoted on this Rate Sheet. All Interest Rates and program guidelines may change without prior notice.
Fixed Rate APR includes prepaid finance charges such as points, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $150.00 Processing Fee and $14.50 Flood Certificate Fee.
Maximum Loan Amounts:
• Single Family: $417,000
• Two Family: $533,850
• Three Family: $645,300
• Four Family: $801,950
• 95% Maximum Financing; PMI required with less than a 20% down-payment
• 60-Day Rate Lock - other Rate Lock options available
• Appraisal Fee: Single Family: $300.00; 2-4 Family: $475.00
• Credit Report Fee: Joint: $19.93; Individual: $17.99
Please ask about our 15 Year, 30 Year, and 40 Year
No Points, No Closing Costs Fixed Rate Loans and
Jumbo Fixed Rate Loans
Real Estate Loan Rates - Adjustable
Effective as of 11/19/08
These rates are for loans less than or equal to $500,000 |
Type |
Rate |
Points |
APR1
20% Down |
Caps |
Margin |
Maximum
Term |
| 3/3 ARM |
5.125%
N/A |
0
0 |
5.150%
N/A |
2/5
2/5 |
3.50%
3.50% |
30 Years2
40 Years2 |
| 5/5 ARM |
5.625%
5.750% |
0
0 |
5.810%
5.860% |
2/6
2/6 |
3.50%
3.50% |
30 Years2
40 Years2 |
| 7 Year Fixed/1 Year ARM |
5.750%
5.875% |
0
0 |
4.870%
4.780% |
1/4
1/4 |
2.75%
2.75% |
30 Years
40 Years |
| 10 Year Fixed/1 Year ARM |
6.250%
|
0
|
5.520%
|
1/4
|
2.75%
|
30 Years
|
| With a 20% down-payment, a 3/3 ARM at 5.125% for 30 years would be repayable in 36 monthly payments of $5.45, followed by 324 monthly payments of $5.45 per $1,000 borrowed.
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Real Estate Loan Rates - Jumbo Adjustable
Effective as of 11/19/08
These rates are for loans greater than $500,000 |
Type |
Rate |
Points |
APR1
20% Down |
Caps |
Margin |
Maximum
Term |
| 3/3 ARM |
5.875%
6.000% |
0
0 |
6.070%
6.100% |
2/5
2/5 |
4.50%
4.50% |
30 Years2
40 Years2 |
| 5/5 ARM |
6.375%
6.500% |
0
0 |
6.680%
6.750% |
2/6
2/6 |
4.50%
4.50% |
30 Years2
40 Years2 |
| 7 Year Fixed/1 Year ARM |
6.500%
6.625% |
0
0 |
6.080%
6.070% |
1/4
1/4 |
4.50%
4.50% |
30 Years
40 Years |
| 10 Year Fixed/1 Year ARM |
7.000%
|
0
|
6.560%
|
1/4
|
4.50%
|
30 Years
|
With a 20% down-payment, a 3/3 ARM at 5.875% for 30 years would be repayable in 36 monthly payments of $5.92,followed by 324 monthly payments of $6.07 per $1,000 borrowed; a 3/3 ARM at 6.000% for 40 years would be repayable in 36 monthly payments of $5.51 followed by 444 payments of $5.59 per $1,000 borrowed.
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First Time Home Buyer Program Rates
Effective as of 11/19/08
The following rates are for loan amounts less than or equal to $500,000 |
Type |
Rate |
Points |
APR1
10% Down |
Caps |
Margin |
Maximum
Term |
| 30 Year Fixed |
6.250%
|
0
|
6.270% |
N/A |
N/A |
30 Years |
| 5/5 ARM |
5.625%
5.750% |
0
0 |
5.790%
5.850% |
2/6
2/6 |
3.50%
3.50% |
30 Years2
40 Years2 |
| 7 Year Fixed/ 1 Year ARM |
5.750%
5.875% |
0
0 |
4.860%
4.760% |
1/4
1/4 |
2.75%
2.75% |
30 Years
40 Years |
| 10 Year Fixed/ 1 Year ARM |
6.250%
|
0 |
5.510%
|
1/4 |
2.75% |
30 Years |
| With a 10% down-payment, a 30 Year Fixed Rate Mortgage at 6.250%, with no points would be repayable in 360 monthly payments of $6.16 per $1,000 borrowed; with a 10% down-payment,a 5/5 ARM at 5.625% for 30 years would be repayable in 60 monthly payments of $5.76, followed by 300 monthly payments of $5.90, per $1,000 borrowed; a 5/5 ARM at 5.750% for 40 years would be repayable in 60 monthly payments of $5.33 followed by 420 monthly payments of $5.41 per $1,000 borrowed.
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First Time Home Buyer - Jumbo Program Rates
Effective as of 11/19/08
The following rates are for loan amounts greater than $500,000.
|
Type |
Rate |
Points |
APR1
10% Down |
Caps |
Margin |
Maximum
Term |
| 30 Year Fixed |
7.000%
|
0
|
7.000% |
N/A |
N/A |
30 Years |
| 5/5 ARM |
6.375%
6.500% |
0
0 |
6.680%
6.750% |
2/6
2/6 |
4.50%
4.50% |
30 Years2
40 Years2 |
| 7 Year Fixed/ 1 Year ARM |
6.500%
6.625% |
0
0 |
6.080%
6.070% |
1/4
1/4 |
4.50%
4.50% |
30 Years
40 Years |
| 10 Year Fixed/ 1 Year ARM |
7.000%
|
0 |
6.560%
|
1/4 |
4.50% |
30 Years |
| With a 10% down-payment, a 30 Year Fixed Rate Mortgage at 7.000%, with no points would be repayable in 360 monthly payments of $6.66 per $1,000 borrowed; with a 10% down-payment, a 5/5 ARM at 6.375% for 30 years would be repayable in 60 monthly payments of $6.24, followed by 300 monthly payments of $6.54, per $1,000 borrowed; a 5/5 ARM at 6.500% for 40 years would be repayable in 60 monthly payments of $5.86 followed by 420 monthly payments of $6.11 per $1,000 borrowed.
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All Interest Rates and program guidelines may change without prior notice. Fixed Interest Rates are subject to change daily without prior notice. ARM indices based on the weekly average yield U.S. Treasury Securities. Rate may increase after consummation on all Adjustable Rate Mortgages.
1ARM Composite APR includes prepaid finance charges such as, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee and $14.50 Flood Certificate Fee. Fixed Rate APR includes prepaid finance charges such as, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee and $14.50 Flood Certificate Fee.
2Introductory rate is discounted for the initial period of 5 years on a 5 year ARM, and thereafter adjusted to the index plus margin for the remaining term of the loan.
Maximum Financing:
100% with PMI on single family homes and condominiums. PMI required through the Mortgage Insurance Fund of MassHousing.
97% with PMI on 2 to 4 family homes. PMI required through the Mortgage Insurance Fund of MassHousing.
To qualify for 91% to 100% financing, the following parameters will apply:
a. Combined household income cannot exceed 135% of the HUD median income for the city or town where the subject property is located
b. Homebuyer Counseling Certificate required on loans greater than 95% and 2 to 4 family properties
c. Property must be located in the bank's Massachusetts and Southern New Hampshire lending area.
90% with NO PMI on loans up to $1,000,000 on 1 to 4 family property located in the Bank's Massachusetts and Southern New Hampshire lending area.
No household income limit
Parameters:
No purchase price limit
No form of ownership in residential property in the last 3 years
Copies of last two years signed federal tax returns required
1 to 4 family owner occupied
No Construction Loans
Condominiums must have 70% owner occupancy ratio, a minimum of 600 square feet of livable space, and a minimum of 3 units in the association
Closing Cost
NO Appraisal Fee, NO Credit Report Fee, NO Application Fee, NO Points
Reduced Closing Cost of $990.00 (Includes Attorney Fee, Plot PLan, MLC and Recording Fees)
Reduced Title Insurance ($2.00 per $1,000), Tax Service Fee ($80.00), Hazard Tracking Fee ($80.00), Flood Certificate Fee ($14.50), Real Estate Tax Escrow and PMI
60 Day Rate Lock - other Rate Lock Options are available
Extended Qualifying Ratios
For more information about this product or other realestate loan products we offer, please call our mortgage specialists at (781) 224-5368.
Auto Loan Rates
| Effective as of 11/19/08 |
| Type |
APR/Rate |
Term |
Max
Loan Amt |
Down-Payment |
Model Years |
| New Auto |
5.750%
6.000%
6.250% |
4 Years+
5 Years
6 Years |
$50,000 |
0% |
2008
With 500 Miles
or Less |
| Used Auto |
6.500%
6.750% |
4 Years
5 Years |
$30,000 or NADA Retail Value or
Purchase Price whichever is Less |
0% |
2007-2004 |
.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 5.750% would cost $23.36 per $1,000
Example: With a maximum loan amount of $50,000, a 48-month auto loan with a rate of 5.550% would cost $23.25 per $1,000
Consumer Loan Rates
| Effective as of 11/19/08 |
| Type |
APR/Rate |
Max Term |
Min
Loan Amt |
Max
Loan Amt |
Comments |
| Unsecured Personal Loan |
12.00% |
4 Years |
$1,000 |
$5,000 |
|
| Fixed Rate Home Equity Loan1 |
6.375% 7.000% |
15 Years
20 years |
$10,000
$75,000 |
$200,000
$200,000 |
Appraised LTV: 80%
Automated Value LTV: 70% |
| Home Equity Line of Credit |
4.00%2
Prime for Life |
20 Years |
$10,000 |
$300,000 |
Appraised LTV: 80%
Automated Value LTV: 70%
10 Year "draw" period
10 Year "repayment" period |
Money Reserve/
Overdraft Protection |
18.00% |
Revolving |
$500 |
$2,500 |
$30 min. monthly payment |
| Passbook Collateral |
9.00% |
10 Years4 |
$500 |
90% of passbook balance |
Monthly installments of principal and interest |
| Small Dollar Loan4 |
18.00% |
3-18 months
3-36 months |
$300
$600 |
$500
$1,000 |
New passbook savings account required4 |
| Homeowner Septic Repair |
0, 3, 5% |
20 Years |
$1,000 |
$25,000 |
Based on MassHousing Guidelines |
| Get the Lead Out Program |
Please call a loan representative for details. |
Based on MassHousing Guidelines |
1Rate Discounted by .25% with automatic payment from TSB checking or statement savings account.
This loan must be recorded in second position, junior to an existing first mortgage.
No closing costs for loan amounts of $75,000 or greater; borrower will be responsible to pay an appraisal fee if needed. Loan amounts less than
$75,000, borrower will be responsible to pay closing costs of $442 and appraisal fee if needed. Property insurance is required.
2Your rate will adjust monthly based on the Prime Rate as published in the Wall Street Journal. The current Prime Rate is 4.000% as of October 31, 2008. The maximum APR is 18.00%. Your minimum payment due will never be lower than $100.00. An appraisal fee in the range of $225.00 to $475.00 will be charged on any loan request greater than $250,000. Any loan request $250,000 or less will be charged an automated value fee of $6.95. However, the Bank always reserves the right to require a full real estate appraisal, at borrowers' expense, for any real estate loan request. Property insurance is required. The borrower will be responsible for additional closing costs of $435.00, which includes the Attorney Fee, Recording Fee, Flood Certificate Fee, and Credit Report Fee. You should consult with a tax advisor about the deductibility of interest paid on your Home Equity Line of Credit.
3Passbook 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).
4Must open a new passbook savings account to accompany this loan and must maintain required passbook balance, 5% of loan proceeds, for term of the loan.
For more information, call our Consumer Loan Specialists at (800) 246-2009
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