Checking and Savings Accounts
| The Interest Rate and APY may change after the account is opened. |
| EFFECTIVE AS OF 8/20/08 |
| Account Type |
Balance Requirements* |
Interest Rate** |
Annual Percentage Yield (APY) |
| N.O.W. Checking Tier 2 |
$10,000 & over |
0.30% |
0.30% |
| N.O.W. Checking Tier 1 |
$10 - $9,999.99 |
0.10% |
0.10% |
| |
|
|
|
| Attorney Iolta Account |
$10 |
1.24% |
1.25% |
| |
|
|
|
| The Money Market Account Tier 6 |
$100,000 & over |
1.49% |
1.50% |
| The Money Market Account Tier 5 |
$50,000 - $99,999.99 |
1.39% |
1.40% |
| The Money Market Account Tier 4 |
$25,000 - $49,999.99 |
1.24% |
1.25% |
| The Money Market Account Tier 3 |
$10,000 - $24,999.99 |
1.00% |
1.00% |
| The Money Market Account Tier 2 |
$ 2,500 - $ 9,999.99 |
0.90% |
0.90% |
| The Money Market Account Tier 1 |
$10 - $ 2,499.99 |
0.25% |
0.25% |
| |
|
|
|
| Passbook Savings |
$10 |
0.50% |
0.50% |
| Statement Savings |
$10 |
0.50% |
0.50% |
| |
|
|
|
| Investment Account Tier 2 |
$2,500 & over |
0.65% |
0.65% |
| Investment Account Tier 1 |
$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 8/20/08 |
| Account Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield (APY) |
| 6 Month - Fixed Rate |
$ 1,000 |
2.570% |
2.60% |
| 9 Month - Fixed Rate |
$ 1,000 |
2.720% |
2.75% |
| 12 Month - Fixed Rate |
$ 1,000 |
3.060% |
3.10% |
| 18 Month - Fixed Rate |
$ 1,000 |
3.200% |
3.25% |
| 24 Month - Fixed Rate |
$ 1,000 |
3.250% |
3.30% |
| 36 Month - Fixed Rate |
$ 1,000 |
3.300% |
3.35% |
| 48 Month - Fixed Rate |
$ 1,000 |
3.350% |
3.40% |
| 60 Month - Fixed Rate |
$ 1,000. |
3.400% |
3.45% |
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 8/20/08 |
Type |
Rate |
Points |
APR
20% Down |
Caps |
Margin |
Maximum
Term |
| 10 Year Fixed |
5.750% |
0 |
5.820% |
N/A |
N/A |
10 Years |
| 15 Year Fixed |
5.500%
5.750%
6.000% |
2
1
0 |
5.860%
5.960%
6.050% |
N/A
N/A
N/A |
N/A
N/A
N/A |
15 Years
15 Years
15 Years |
| 30 Year Fixed |
6.125%
6.375%
6.625% |
2
1
0 |
6.350%
6.500%
6.660% |
N/A
N/A
N/A |
N/A
N/A
N/A |
30 Years
30 Years
30 Years |
| 40 Year Fixed |
6.875% |
0 |
6.900% |
N/A |
N/A |
40 Years |
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
With a 20% down-payment, a 30 Year Fixed Rate Mortgage at 6.625%,
with no points would be repayable in 360 monthly payments of $6.41
per $1,000 borrowed; a 40 Year Fixed Rate Mortgage at 6.875% with no points
and a 20% down-payment would be repayable in 480 monthly payments of $6.13
per $1,000 borrowed.
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
Real Estate Loan Rates - Adjustable
| Effective as of 8/20/08 |
Type |
Rate |
Points |
APR1
20% Down |
Caps |
Margin |
Maximum
Term |
| 3/3 ARM |
5.250%
5.375% |
0
0 |
6.030%
6.090% |
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 |
5.875%
6.000% |
0
0 |
5.400%
5.390% |
1/4
1/4 |
2.75%
2.75% |
30 Years
40 Years |
| 10 Year Fixed/1 Year ARM |
6.125%
|
0
|
5.730%
|
1/4
|
2.75%
|
30 Years
|
With a 20% down-payment, a 3/3 ARM at 5.250% for 30 years would be repayable in 36 monthly payments of $5.53, followed by 324 monthly payments of $6.11 per $1,000 borrowed; a 3/3 ARM at 5.375% for 40 years would be repayable in 36 monthly payments of $5.08 followed by 444 monthly payments of $5.65 per $1000 borrowed.
Real Estate Loan Rates - Jumbo Adjustable
| Effective as of 8/20/08 |
Type |
Rate |
Points |
APR1
20% Down |
Caps |
Margin |
Maximum
Term |
| 3/3 ARM |
5.625%
5.750% |
0
0 |
6.120%
6.170% |
2/5
2/5 |
3.50%
3.50% |
30 Years2
40 Years2 |
| 5/5 ARM |
6.000%
6.125% |
0
0 |
6.410%
6.480% |
2/6
2/6 |
3.50%
3.50% |
30 Years2
40 Years2 |
| 7 Year Fixed/1 Year ARM |
6.250%
6.375% |
0
0 |
5.620%
5.570% |
1/4
1/4 |
2.75%
2.75% |
30 Years
40 Years |
| 10 Year Fixed/1 Year ARM |
6.500%
|
0
|
6.000%
|
1/4
|
2.75%
|
30 Years
|
With a 20% down-payment, a 3/3 ARM at 5.625% for 30 years would be repayable in 36 monthly payments of $5.76, followed by 324 monthly payments of $6.13 per $1,000 borrowed; a 3/3 ARM at 5.750% for 40 years would be repayable in 36 monthly payments of $5.33 followed by 444 monthly payments of $5.67 per $1000 borrowed.
All Interest Rates and program guidelines may change 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.
1All above APRs are composite APRs. ARM Composite APR includes prepaid finance charges such as, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $150.00 Processing Fee and $14.50 Flood Certificate Fee.
2Introductory rate is discounted for the initial adjustment period of 3 years on a 3 year ARM and 5 years on a 5 year ARM and thereafter, adjusted to the index plus margin for the remaining term of the loan.
Maximum Loan Amounts:
Single Family: $417,000 with 5% down, $650,000 with 10% down, $651,000 to $1,000,000 with 20% down.
Two Family: $533,850 with 5% or 10% down, $533,900 to $1,000,000 with 20% down.
Three & Four Family: Up to $1,000,000 with 20% down
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
For more information, call our Mortgage Specialists at 1-800-246-2009.
Rates and program guidelines may change without prior notice.
First Time Home Buyer Program Rates
| Effective as of 8/20/08 |
Type |
Rate |
Points |
APR1
10% Down |
Caps |
Margin |
Maximum
Term |
| 30 Year Fixed |
6.625%
|
0
|
6.640% |
N/A |
N/A |
30 Years |
| 5/5 ARM |
5.625%
5.750% |
0
0 |
5.790%
5.850% |
2/6
2/6 |
2.75%
2.75% |
30 Years2
40 Years2 |
| 7 Year Fixed/ 1 Year ARM |
5.875%
6.000% |
0
0 |
5.390%
5.380% |
1/4
1/4 |
2.75%
2.75% |
30 Years
40 Years |
| 10 Year Fixed/ 1 Year ARM |
6.125%
|
0 |
5.720%
|
1/4 |
2.75% |
30 Years |
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.
1All Above APRs are composite APRs. ARM Composite APR includes prepaid finance charges such as, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee and $18.00 Flood Certificate Fee.
2Introductory rate is discounted for the initial adjustment period of 5 years on a 5 year ARM,and thereafter adjusted to the index plus margin for the remaining term of the loan.
With a 10% down-payment, a 30 Year Fixed Rate Mortgage at 6.625%, with no points would be repayable in 360 monthly payments of $6.41 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.
Maximum Financing:
100% with PMI on single family homes and condominiums
97% with PMI on 2 family homes
To qualify for 100% or 97% 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 will be located
b. Property must be located in Massachusetts
c. Homebuyer Counseling Certificate required
d. PMI required thru the Mortgage Insurance Fund of MassHousing
e. Maximum Loan Amount: $417,000 single family homes and condominium $533,850 two family homes
95% with PMI on loans up to $550,000 on single family, condominiums, and two family homes.
90% with NO PMI on loans up to $1,000,000 on one to four family homes.
No household income limit
Parameters:
No form of ownership in residential property in the last 3 years
No Purchase Price limit
No annual Household Income limit on loans financed at 95% or less
Copies of last two years signed federal tax returns required
Eligible Properties:
1 to 4 family owner occupied
No Construction Loans
Condominiums must have a 70% owner ratio, a minimum of 600 square feet of livable space, and a minimum of 3 units in the association.
Closing Cost:
Reduced Closing Cost of $990.00 (Includes Attorney Fee, Plot Plan, MLC and Recording Fees)
No Appraisal Fee
No Credit Report Fee
No Points
No Application Fee
Reduced Title Insurance ($2.00 per $1,000), Tax Service Fee ($80), Hazard Tracking Fee ($80), Flood Certificate Fee ($14.50), Real Estate Tax Escrow and PMI
60 Day Rate Lock - Other Rate Lock Options are available
Extended Qualifying Ratios
Auto Loan Rates
| Effective as of 8/2008 |
| |
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 8/20/08 |
| |
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 |
5.00%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 |
| The Money Line |
9.00%3
Prime + 3.50% |
Revolving |
$2000 |
$10,000 |
$50 min. monthly payment |
| Passbook Collateral |
9.00% |
10 Years4 |
$500 |
90% of passbook balance |
Monthly installments of principal and interest |
| Small Dollar Loan5 |
18.00% |
3-18 months
3-36 months |
$300
$600 |
$500
$1,000 |
New passbook savings account required5 |
| Homeowner Septic Repair |
0, 3, 5% |
20 Years |
$1,000 |
$25,000 |
Based on MassHousing Guidelines |
| Get the Lead Out Program |
Please ask 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 5.000% as of July 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.
3Your rate will be adjusted monthly based on the Prime Rate as published in the Wall Street Journal, plus 3.50%. The maximum APR is 18.00%.
The minimum APR is 9.00%
4Passbook 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).
5Must 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
|
