Rates

ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE -
FOR THE MOST CURRENT RATE INFORMATION, PLEASE CALL (603) 352-1822

Deposit Rates
Loan Rates

Checking & Money Market Accounts

Looking for a checking or money market account designed to fit the way you bank? Savings Bank of Walpole offers free Checking accounts with no monthly service charge or daily balance requirements.

Checking Rates

as of 3/30/2015 at 8:12 PM

Product Minimum
Balance
to Earn
Interest
Interest
Rate
APY*
Money Market $100 0.10% 0.10%
Money Market $2,500 0.10% 0.10%
Money Market $20,000 0.10% 0.10%
Money Market $50,000 0.10% 0.10%
Money Market $100,000 0.10% 0.10%
NOW $100 0.05% 0.05%
NOW $2,500 0.05% 0.05%


Savings

Saving for your financial goals should not be complicated! Our savings accounts make it simple and easy to establish a savings plan to fit your financial goals.

Savings Rates

as of 3/30/2015 at 8:12 PM

Product Minimum
Balance
to Earn
Interest
Interest
Rate
APY*
Christmas Club $0 0.10% 0.10%
Easy Access Savings $100 0.10% 0.10%
Regular Savings $100 0.10% 0.10%
Regular Savings $2,500 0.10% 0.10%
Regular Savings $20,000 0.10% 0.10%
Regular Savings $50,000 0.10% 0.10%
Regular Savings $100,000 0.10% 0.10%


Certificate of Deposit (CD)

A Certificate of Deposit offers you a great way to save money. We offer a selection of terms, competitive interest rates, and our personalized service to assist you in making the right choices for your financial needs.

CD Rates

as of 3/30/2015 at 8:12 PM

Term Minimum
Balance
to Open
& Earn Interest
Interest
Rate
APY*
3 Month $2,500 0.20% 0.20%
6 Month $1,000 0.25% 0.25%
1 Year $500 0.30% 0.30%
18 Month $500 0.35% 0.35%
2 Year $500 0.50% 0.50%
3 Year $500 0.70% 0.70%
5 Year $500 1.09% 1.10%

If you withdraw any of the principal before the maturity date, we may impose a penalty. CD accounts will automatically renew. You will have 10 days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.


Account Information and Disclosures:

Terms and Conditions of your Account

Funds Availability Disclosure

Electronic Funds Transfers: Your Rights and Responsibilities

Substitute Check Policy

Fee Schedule

Privacy Notice

For variable-rate accounts, the rate may change at our discretion after the account is opened.  

Deposits, withdrawals, interest transfers or fees may reduce earnings.


Mortgage Loans

Savings Bank of Walpole offers a wide range of home mortgage products including fixed rate, adjustable rate, construction, and first-time homebuyers loans. Our mortgage loan staff knows the local real estate market inside and out and can review your options with you.

Click here to apply for a mortgage online

Mortgage Loan Rates

as of 3/30/2015 at 8:12 PM

Fixed Rate Mortgages
Type Points Interest Rate APR* Monthly Payment per $1,000 financed
Construction - 1 Yr Fixed 4.625% 8.371% $3.93
7 Yr Fixed 2.625% 2.809% $13.04
10 Yr Fixed 2.750% 2.881% $9.54
15 Yr Fixed 0.000% 2.990% 3.080% $6.90
15 Yr Fixed 1.000% 2.740% 2.975% $6.87
15 Yr Fixed 2.000% 2.490% 2.869% $6.66
30 Yr Fixed 0.000% 3.875% 3.975% $4.70
30 Yr Fixed 1.000% 3.625% 3.807% $4.56
30 Yr Fixed 2.000% 3.500% 3.764% $4.49
Adjustable Rate Mortgages (ARM)
Type Term Interest Rate APR* Monthly Payment per $1,000 financed
Land - 1 Yr ARM 10 years 5.625% 5.753% $10.91
1 Yr ARM 30 years 3.625% 3.676% $4.56
3/1 Yr ARM 30 years 3.625% 3.664% $4.56-4.56
5/1 Yr ARM 30 years 3.625% 3.664% $4.56-4.56
First Time Home Buyers - 7/1 ARM 30 years 3.625% 3.664% $4.56-4.56

The interest rate is for illustrative purposes only and may vary based on borrower's credit score, actual closing costs, and other variables. Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics. The annual percentage rates (APR)* posted are based on a loan amount of $100,000 and without Private Mortgage Insurance.  Adjustable rate mortgage (APR)* loans have a 2% cap per period and a 6% lifetime cap.  The interest rate on adjustable rate mortgages may increase after consumation of the loan.  First Time Home Buyers loans are subject to income and sale price limitations, call for details.  Payments do not include taxes or insurance and actual payment will be greater.


Home equity

The equity in your home can be a low-cost way to get cash when you need it. Pay for college, home improvements, a new car or even go on vacation. Borrow up to 80 percent of the value of your home less the amount of any outstanding mortgages.

With a home equity line of credit you simply write a check. There are no minimum balance requirements. With a home equity loan you get all your money up front and make regular monthly payments. The closing costs are low and there is no prepayment penalty.

You don’t need a first mortgage in order to get a home equity line of credit. Some people pay off their first mortgage and keep a home equity in place for unexpected repairs or expenses.

Home Equity Rates

as of 3/30/2015 at 8:12 PM

Type Term Interest
Rate
APR* Monthly Payment per $1,000 financed
Home Equity Line of Credit 10 years 3.250% 3.250% $2.76 Interest only
Home Equity Loan 10 years 3.500% 3.500% $9.89

Home equity line of credit rate is equal to the Prime Rate as published in the Wall Street Journal, adjusting monthly with a maximum rate of 18% and is based upon minimum monthly payment amounts over the ten year term; a balance may be due at maturity. The annual percentage rates (APR)* posted are based on a loan amount of $100,000 and without Private Mortgage Insurance.  Home Equity Loan payments do not include taxes or insurance and actual payment will be greater.


Consumer Loans

We offer a full range of personal and consumer loans. We invite you to check out our low rates on new and used automobile loans, unsecured loans, savings secured loans, overdraft protection loans and more. It is easy to apply now.

We offer competitive interest rates on car and truck loans with low down payments.  If you need to build or reestablish credit, your Savings Bank of Walpole savings account or certificate of deposit can be used to secure a loan.

Consumer Loan Rates

as of 3/30/2015 at 8:12 PM

Home Improvement
Type Term Down Payment Rate APR* Monthly Payment per $1,000 financed
Unsecured
(Maximum loan $15,000)
60 months 0% 8.79% 9.44% $20.66

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $75 processing fee.

New Automobile
Term Down Payment Rate APR* Monthly Payment per $1,000 financed
36 months 10% 3.75% 4.75% $29.41
48 months 10% 3.88% 4.64% $22.53
60 months 10% 3.99% 4.61% $18.41

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $75 processing fee.

Used Automobile
Type Term Down Payment Rate APR* Monthly Payment per $1,000 financed
Used 2008-2013 48 months NADA Loan Value 6.99% 7.77% $23.94
Used 2008-2013 36 months NADA Loan Value 5.99% 7.01% $30.42
Older Vehicles 36 months NADA Loan Value 10.44% 11.48% $32.47

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $75 processing fee.

Personal
Type Term Down Payment Rate APR* Monthly Payment per $1,000 financed
Secured - CD 5% See retail banker for details
Secured - Savings 5% See retail banker for details
Secured - Stock 25% See retail banker for details
Unsecured 12 months 0% 16.00% 18.91% $90.73
Unsecured 24 months 0% 16.00% 17.55% $48.96
Unsecured 36 months 0% 16.00% 17.08% $35.16

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $75 processing fee.

Consumer Goods & Equipment
Type Term Down Payment Rate APR* Monthly Payment per $1,000 financed
New 24 months 20% 8.74% 10.25% $45.57
New 36 months 20% 9.74% 10.78% $32.15
New 48 months 20% 10.74% 11.55% $25.72
Used 24 months 20% 10.74% 12.26% $46.49
Used 36 months 20% 11.74% 12.79% $33.09
Used 48 months 20% 12.74% 13.56% $26.70

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $75 processing fee.

Annual Percentage Rate (APR)* is subject to change without notice.  APR and term are based on evaluation of applicant's credit and the actual rate and/or term may vary.  


Overdraft Protection Line of Credit

Our Overdraft Protection Line of Credit is attached to your Savings Bank of Walpole checking account and advances funds to your account if an overdraft occurs.

Overdraft Protection Rates

as of 3/30/2015 at 8:12 PM

APR* Monthly Payment
16.00% The greater of $10.00, or accrued finance charges plus 4.25% of principal outstanding balance.


*Annual Percentage Rate