Rates

All rates are subject to change without notice – 
For the most current rate information, please call (603) 352-1822.


Personal Checking 

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.

Personal Checking Accounts

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
Truly Free Checking 0.03%0.03%$100$10
Senior Checking0.03%0.03%$100$10
Rates effective 7/29/2020. Subject to change without notice. Checking accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.

Personal Savings Accounts

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.

Tiered Savings

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$100 to $2,499.990.05%0.05%$100$10
$2,500 to $9,999.990.05%0.05%$2,500$10
$10,000 to $24,999.990.10%0.10%$10,000$10
$25,000 or more0.15%0.15%$25,000$10

Easy Access Savings

Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
0.05%0.05%$100$10

Youth Savings

Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
0.05%0.05%$1$1

Be Your Own Lender

Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
0.05%0.05%$100$2

Goal Setter Savings

Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
0.10%0.10%$2$2
Rates effective 9/15/2020. Subject to change without notice. Savings accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.

Personal Money Market Accounts

Save for the future and make your money work harder for you, while still having easy access to your funds online or by check.

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$1,000 to $9,999.990.10%0.10%$1,000$500
$10,000 to $24,999.990.10%0.10%$10,000$500
$25,000 to $99,999.990.15%0.15%$25,000$500
$100,000 to 249,999.990.20%0.20%$100,000$500
$250,000 or more0.25%0.25%$250,000$500
Rates effective 7/29/2020. Subject to change without notice. Savings accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.

Certificate of Deposit and IRAs

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.

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
3 Month0.15%0.15%$500$500
6 Month 0.20%0.20%$500$500
1 Year0.30%0.30%$500$500
18 Month0.35%0.35%$500$500
2 Year0.40%0.40%$500$500
3 Year0.55%0.55%$500$500
5 Year0.80%0.80%$500$500
Rates effective 10/29/20. $500 minimum to open. An interest penalty may be required for early withdrawals from CDs and IRA CDs. Contact a representative for more information regarding applicable fees and terms. Fees could reduce earnings.

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.

Health Savings Accounts

Health Savings Accounts help you save for current and future medical expenses in an interest bearing checking account. These accounts allow for payment of expenses by issuing a check (online Bill Pay or standard check) or using your debit card for qualified expenses.

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$0.01 to $ 499.990.05%0.05%$0.01$10
$500 to 2,499.990.05%0.05%$500$10
$2,500 to 9,999.990.05%0.05%$2,500$10
$10,000 to 24,999.990.15%0.15%$10,000$10
$25,000 or more0.299%0.299%$25,000$10
Rates effective 10/29/2020. Subject to change without notice. Checking accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.

Overdraft Protection Line of Credit

Our Overdraft Protection Line of Credit is attached to your Savings Bank of Walpole personal checking account and advances funds to your account if an overdraft occurs. Please consult with a Bank Representative for more information and application.

Min Loan AmountMax Loan AmountMax TermCurrent RateDoc FeeAnnual Fee
$100$5,000Revolving15.00%n/a$30
Updated 6/19/2020


*Subject to credit and underwriting approval. Other eligibility and requirements may apply.

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.

Home Improvement

Max Loan AmountMax TermExample AmountCurrent RateAPREst. PaymentDoc Fee
$15,00060 months$15,000.006.99%7.121%$296.88$50.00
Updated 6/19/2020

APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $50 processing fee.

Vehicles

TypeConditionYearMax TermExample AmountCurrent RateAPREst. PaymentDoc Fee
AutoNew/Used2020 & 201972 months$30,000.003.99%4.102%$469.97$50.00
2018 & 201760 months$25,000.004.50%4.643%$466.77$50.00
2018 & 201772 months$25,000.005.00%5.138%$403.42$50.00
2016 & 201560 months$20,000.004.75%4.918%$375.73$50.00
2014 & 201348 months$15,000.006.50%6.679%$311.51$50.00
2012 & Older36 months$10,000.007.25%7.579%$310.99$50.00
Boats, Campers, RV's,
Tractors & Equipment
New/UsedAny120 Months$20,000.007.74%7.792%$239.86$50.00
Motorcycles, ATV's,
Snowmobiles, Ski Doos
New/UsedAny48 Months$10,000.008.00%8.248%$244.07$50.00
Updated 6/22/2020
Monthly payment is based on example amount and maximum term
VSI Premium of $40
APR includes $50 processing fee

Loan amount contingent on NADA vehicle value. APR (Annual Percentage Rate) is based on the above example loan and includes a $50 processing fee.

Solar Program

Loan AmountsMax TermExample AmountCurrent RateAPREst. PaymentMin Credit ScoreUCC FeeDoc Fee
$5,000 - $25,000120 months$25,000.005.99%6.029%$278.75725Up to $65$50.00
$25,001 - $40,000180 months$40,000.006.49%6.506%$350.02$50.00
Updated 6/19/2020

Minimum Credit Score 725

*UCC Fee up to $65

Personal Unsecured

Max Loan AmountMax TermExample AmountCurrent RateAPREst. PaymentDoc Fee
$10,00060 months$10,000.0010.99%11.194%$217.30$50.00
Updated 6/22/2020

APR (Annual Percentage Rate) is based on a example loan and maximum term, includes a $50 processing fee.

Collateral Loans

Min Loan AmountMax TermMax LVTCurrent RateDoc Fee
$10060 months95%Deposit rate +3.50% (fixed)
or 4.50% whichever is greater
n/a
Secured loan value up to 95% of available funds.

Updated 6/19/2020

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.

Fixed Rate Mortgages

 PointsInterest RateAPR*Monthly Payment per $1,000 Financed
7 Yr Fixed 2.750% 2.869%$13.10
10 Yr Fixed 2.750% 2.835%$9.54
15 Yr Fixed0.000% 2.875%2.933%$6.85
15 Yr Fixed 2.000% 2.375%2.720%$6.61
15 Yr Fixed 1.000% 2.625% 2.827%$6.73
20 Yr Fixed 0.000% 3.000%3.045%$5.55
30 Yr Fixed 0.000% 3.250% 3.282%$4.35
Updated October 13, 2020

Adjustable Rate Mortgages

 TermInterest RateAPR*Monthly Payment per $1,000 Financed
5/1 Yr ARM 30 years 3.375% 3.216%$4.42 - $4.30
7/1 Yr ARM 30 years 3.250%3.188%$4.32 - $4.32
Updated 7/13/2020

The interest rates quoted are 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)* quoted are based on a loan amount of $187,500 and without Private Mortgage Insurance. Minimum down payment is 20%. Rates quoted for single family owner occupied and second homes only.

The APR’s include a $650 origination fee, $20 flood certification fee, $90 tax service fee, daily interest, and a $699 settlement fee. Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% on the excess amount above $500,000 for a 12 month construction period. Modular construction loan fees will cap out at $5,000. APR’s on construction loans include a 1% construction fee, $20 flood certification fee, $90 tax service fee, daily interest, $1,050 inspection fees, and a $699 settlement fee.

Payments do not include taxes or insurance and actual payment will be greater

The adjustable rate term loans have a 2% cap per adjustment period and a 6% lifetime cap. The interest rate on adjustable rate mortgages may increase after consummation of the loan .

Portfolio rates are available for jumbo loans – loan amounts in excess of $484,350.

With Private Mortgage Insurance (PMI) a down payment of 5% is required. Please call for down payment requirements on other loans.

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.

 TermInterest RateAPR*Monthly Payment per $1,000 Financed
Home Equity Line of Credit15 years 3.50% 3.50% $2.97 interest only
Home Equity Loan 20 years 4.75%4.75%$3.96
Home equity line of credit rate is 3.50% for the first 12 months, then Prime Rate as published in the Wall Street Journal, plus a margin of 0.00%, adjusting monthly, with an assumed credit score of 680. The annual percentage rate will never be lower than 3.99% and will never be higher than 18.00%. The minimum monthly payment will be based on the amount of accrued finance charges or $50.00, whichever is greater. The loan term is 15 years, with the entire balance due at the end of the loan term. The annual percentage rates (APR)* posted are based on a loan amount of $50,000 and without Private Mortgage Insurance. Home Equity Loan payments do not include taxes or insurance and actual payment will be greater.

Updated 7/8/2020

Closing Fees: $0.00

Annual Fee; $50.00


Business Accounts

Nonprofit Advantage Checking

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$500 to $24,999.990.03%0.03%$500$10
$25,000 to $74,999.990.03%0.03%$25,000$10
$75,000 to $249,999.990.03%0.03%$75,000$10
$250,000 or more0.03%0.03%$250,000$10
Updated 7/29/2020

IOLTA

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$1,000 to $99,999.990.03%0.03%$1,000$10
$100,000 to $199,999.990.03%0.03%$100,000$10
$200,000 or more0.03%0.03%$200,000$10
Updated 7/29/2020

Business Money Market Accounts

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$2,500 to $24,999.990.10%0.10%$2,500$500
$25,000 to $99,999.990.15%0.15%$25,000$500
$100,000 to $249,999.990.20%0.20%$100,000$500
$250,000 or more0.25%0.25%$250,000$500
Updated 7/29/2020

Business Savings

 Interest
Rate
Annual Percentage YieldMinimum Balance to obtain APYMinimum Deposit to Open
$100 to $2,499.990.05%0.05%$100$10
$2,500 to $9,999.990.05%0.05%$2,500$10
$10,000 to $24,999.990.10%0.10%$10,000$10
$25,000 or more0.15%0.15%$25,000$10
Updated 10/29/2020


All rates and Annual Percentage Yields (APYs) are subject to change without notice. The Annual Percentage Yield applies when the required minimum balance and interest is kept on deposit for one year. Checking, Savings and Money Market Accounts are variable rate accounts and the rate can change without notice after account opening. Fees could reduce earnings. Certificates of Deposit and IRAs are subject to a penalty for early withdrawal.  


Important Disclosures

Loan rates and terms may vary.
All loans subject to credit approval.
APR = Annual Percentage Rate
Minimum loan amount is $1,000.00 unless otherwise stated.
Contact us for further details.

Equal Opportunity Lender. Loans are made without regard to race, color,religion, national origin, handicap or familial status.