Deposit Rates
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 Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
Truly Free Checking | 0.03000 | 0.03 | 100 | 1 | 10 |
Senior Checking | 0.03000 | 0.03 | 100 | 1 | 10 |
Updated July 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 Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$100 to $2,499.99 | 0.05000 | 0.05 | 100 | 1 | 10 |
$2,500 to $9,999.99 | 0.05000 | 0.05 | 2500 | 1 | 10 |
$10,000 to $24,999.99 | 0.05000 | 0.05 | 10000 | 1 | 10 |
$25,000 or more | 0.05000 | 0.05 | 25000 | 1 | 10 |
Easy Access Savings
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
0.05000 | 0.05 | 100 | 1 | 10 |
Youth Savings
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
0.05000 | 0.05 | 1 | 1 | 1 |
Be Your Own Lender
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
0.05000 | 0.05 | 100 | 1 | 2 |
Goal Setter Savings
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
0.05000 | 0.05 | 2 | 1 | 2 |
Rates effective August 17, 2021
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.
Personal Money Market Accounts
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$1,000 to $9,999.99 | 0.20 | 0.20 | 1000 | 1 | 500 |
$10,000 to $24,999.99 | 0.35 | 0.35 | 10000 | 1 | 500 |
$25,000 to $99,999.99 | 0.40 | 0.40 | 25000 | 1 | 500 |
$100,000 to $249,999.99 | 0.50 | 0.50 | 100000 | 1 | 500 |
$250,000 or more | 0.60 | 0.60 | 250000 | 1 | 500 |
Rates effective December 22, 2022
Subject to change without notice. Savings accounts are variable rate accounts. The interest rates and APYs may change at the descretion of the Bank. Fees cound 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.
Certificate of Deposit and IRAs
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
3 Month | 0.09995 | 0.10 | 500 | 12 | 500 |
6 Month | 1.98190 | 2 | 500 | 12 | 500 |
1 Year | 2.95952 | 3 | 500 | 12 | 500 |
18 Month | 3.92849 | 4 | 500 | 12 | 500 |
2 Year | 0.29959 | 0.30 | 500 | 12 | 500 |
3 Year | 0.39927 | 0.40 | 500 | 12 | 500 |
5 Year | 0.44907 | 0.45 | 500 | 12 | 500 |
Rates effective March 23, 2023
$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.
Health Savings Accounts
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$0.01 to $ 499.99 | 0.05000 | 0.05 | 0.01 | 1 | 10 |
$500 to 2,499.99 | 0.05000 | 0.05 | 500 | 1 | 10 |
$2,500 to 9,999.99 | 0.05000 | 0.05 | 2500 | 1 | 10 |
$10,000 to 24,999.99 | 0.10000 | 0.10 | 10000 | 1 | 10 |
$25,000 or more | 0.15000 | 0.15 | 25000 | 1 | 10 |
Rates effective August 17, 2021
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.
Overdraft Protection Line of Credit
Minimum Loan Amount | Maximum Loan Amount | Maximum Term | Initial Rate | Document Fee | Annual Fee | |
---|---|---|---|---|---|---|
100 | 5000 | Revolving | 15.00 | 0 | 30 |
Updated February 2, 2022
*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
Maximum Loan Amount | Maximum Term | Example Amount | Initial Rate | Apr | Estimated Payment | Document Fee | |
---|---|---|---|---|---|---|---|
15000 | 84 | 15000.00 | 8.25 | 8.370 | 236.57 | 50.00 |
Updated January 3, 2023
APR (Annual Percentage Rate) is based on a $15,000 loan and includes a $50 doc fee.
Vehicles
Type | Condition | Year | Maximum Term | Example Amount | Initial Rate | Apr | Estimated Payment | Document Fee |
---|---|---|---|---|---|---|---|---|
Auto | New/Used | 2023 & 2022 | 72 | 30000.00 | 6.24 | 6.311 | 501.60 | 50.00 |
2021 & 2020 | 60 | 25000.00 | 6.75 | 6.848 | 493.24 | 50.00 | ||
2021 & 2020 | 72 | 25000.00 | 7.25 | 7.336 | 430.27 | 50.00 | ||
2019 & 2018 | 60 | 20000.00 | 7.00 | 7.120 | 397.16 | 50.00 | ||
2017 & 2016 | 48 | 15000.00 | 8.75 | 8.947 | 372.90 | 50.00 | ||
2015 & Older | 36 | 10000.00 | 9.50 | 9.874 | 322.08 | 50.00 | ||
Boats, Campers, RV's, Tractors & Equipment | New/Used | Any | 120 | 20000.00 | 8.74 | 8.812 | 251.32 | 50.00 |
Motorcycles, ATV's, Snowmobiles, Ski Doos | New/Used | Any | 48 | 10000.00 | 8.75 | 9.034 | 249.01 | 50.00 |
Updated January 3, 2023
Monthly payment is based on example amount and maximum term
VSI Premium of $40
APR includes $50 doc fee
Loan amount contingent on NADA vehicle value. APR (Annual Percentage Rate) is based on the above example loan and includes a $50 doc fee.
Solar Program
Loan Amounts | Maximum Term | Example Amount | Initial Rate | Apr | Estimated Payment | Minimum Credit Score | Ucc Fee | Document Fee |
---|---|---|---|---|---|---|---|---|
$5,000 - $25,000 | 120 | 25000.00 | 6.49 | 6.537 | 284.34 | 725 | Up to $67 | 50.00 |
$25,001 - $40,000 | 180 | 40000.00 | 6.99 | 7.015 | 359.87 | 50.00 |
Updated January 3, 2023
Minimum Credit Score 725
*UCC Fee up to $67
Personal Unsecured
Maximum Loan Amount | Maximum Term | Example Amount | Initial Rate | Apr | Estimated Payment | Document Fee | |
---|---|---|---|---|---|---|---|
10000 | 60 | 10000.00 | 10.99 | 11.207 | 218.46 | 50.00 |
Updated February 2, 2022
APR (Annual Percentage Rate) is based on a example loan and maximum term, includes a $50 doc fee.
Collateral Loans
Minimum Loan Amount | Maximum Term | Maximum Lvt | Initial Rate | Document Fee | |
---|---|---|---|---|---|
100 | 60 | 95 | Deposit rate +3.50% (fixed) or 4.50% whichever is greater | 0 |
Updated February 2, 2022
Secured loan value up to 95% of available funds.
Mortgage Loans
Savings Bank of Walpole offers a wide range of home mortgage products including fixed rate, adjustable rate, construction, land, and first-time homebuyer loans. Our mortgage loan staff knows the local real estate market inside and out and can review your options with you.
Featured Fixed Rates
Term Years | Example Loan Amount | Loan To Value | Initial Rate | Points | Ppfc | Apr | Monthly Payment | Total Paid At End Of Loan | |
---|---|---|---|---|---|---|---|---|---|
Fixed 30 Years - Servicing Retained | 30 | 200000 | 6.125 | 0.122 | 1851 | 6.223 | 1215.22 | 437479.59 | |
Fixed 15 Years - Servicing Retained | 15 | 200000 | 5.625 | 0.183 | 1851 | 5.796 | 1647.46 | 296543.41 | |
Jumbo Fixed- 30 Years | 30 | 726201 | 6.500 | 0 | 1851 | 6.524 | 4590.08 | 1652430.35 | |
Jumbo Fixed- 15 Years | 15 | 726201 | 6.125 | 0 | 1851 | 6.165 | 6177.25 | 1111904.49 | |
Construction 30 Year Fixed | 30 | 200000 | 6.625 | 0 | 4276 | 6.831 | 1280.62 | 461023.89 |
Updated March 7, 2023
All Conventional Rates are quoted for a 45 day lock. Construction rates are quoted for a 60 day lock. Longer lock periods may be available. Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues. Your actual payment obligation will be greater.
All Rates quoted are based on loans with a 40% down payment for single family dwellings as a primary residence. Portfolio rates are based on a maximum loan amount of $726,200. Jumbo rates are based on a loan amount greater than $726,201. To qualify for rates quoted a minimum credit score of 740 and other underwriting requirements must be met.
Portfolio, Jumbo and Construction Loans: Maximum loan to value calculations vary based on property type and occupancy status. Rates may vary due to property or loan characteristics.
Programs include escrows for taxes and insurance. To waive escrows for taxes on first lien Mortgages, a fee of .25% of the loan amount will be charged. This fee is not applicable to land, construction and equity products.
APR and Fees:
- APR = Annual Percentage Rate. The APR is a calculation designed to make it easier to compare loan estimates from different lenders, incorporating the different points and fees charged by the lenders as well as the stated interest rate.
- APRs on quoted Retained and Portfolio loans reflect the quoted interest rate and points as well as a $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, and a $800 settlement fee for a purchase.
- Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% of the excess amount above $500,000, for a 12 month construction period. Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period. Longer construction periods may be available.
- APR’s on quoted construction loans include the quoted interest rate and points as well as a 1% construction fee, $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee, $175 Final Inspection Fee, and a $800 settlement fee. Fees quoted are for New Hampshire properties. Please contact a Mortgage Originator for Vermont fees.
Featured Adjustable Rates
Term Years | Payments In First Adjustment Period | Loan Amount Example | Discount Or Premium Rate | Initial Rate Percentage | Points | Margin Percentage | Annual Cap | Lifetime Cap | Arm Index Value | Interim Go To | Fully Indexed Rate | Floor | Ppfc | Months Between Adjustments | Interest Only Amount Months | Interest Note | Annual Percentage Rate | Monthly Payment | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5/1 ARM | 30 | 60 | 200000 | Discount | 6.125 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 1851 | 12 | 7.107 | PMT #1: 1215.22 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 186393.90 PMT X: 1392.63 BAL Last: 1383.83 PMT Last: 1392.92 | |||
7/1 ARM | 30 | 84 | 200000 | Discount | 6.500 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 1851 | 12 | 7.123 | PMT #1: 1264.14 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 180832.49 PMT X: 1391.24 BAL Last: 1382.45 PMT Last: 1391.53 | |||
10/1 ARM | 30 | 120 | 200000 | Discount | 7.000 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 1851 | 12 | 7.295 | PMT #1: 1330.60 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 171624.77 PMT X: 1395.74 BAL Last: 1386.93 PMT Last: 1396.04 | |||
5/1 ARM Construction | 30 | 60 | 200000 | Discount | 6.250 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 4276 | 12 | 7.272 | PMT #1: 1231.43 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 186674.48 PMT X: 1394.72 BAL Last: 1385.92 PMT Last: 1395.02 | |||
7/1 ARM Construction | 30 | 84 | 200000 | Discount | 6.625 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 4276 | 12 | 7.307 | PMT #1: 1280.62 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 181206.56 PMT X: 1394.11 BAL Last: 1385.31 PMT Last: 1394.41 | |||
10/1 ARM Construction | 30 | 120 | 200000 | Discount | 7.125 | 0 | 3.000 | 2 | 6 | 4.630 | 7.625 | 3.500 | 4276 | 12 | 7.503 | PMT #1: 1347.44 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 172126.08 PMT X: 1399.82 BAL Last: 1390.98 PMT Last: 1400.12 | |||
Land Loan (1 year ARM) | 20 | 12 | 200000 | Discount | 7.125 | 0 | 3.500 | 2 | 6 | 4.630 | 8.125 | 4.000 | 1851 | 12 | 8.122 | PMT #1: 1565.64 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 195311.17 PMT X: 1683.95 BAL Last: 1672.63 PMT Last: 1684.33 | |||
Land Loan (3/1 ARM) | 20 | 36 | 200000 | Premium | 7.750 | 0 | 3.500 | 2 | 6 | 4.630 | 8.125 | 4.000 | 1851 | 12 | 8.120 | PMT #1: 1641.90 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 185856.61 PMT X: 1683.34 BAL Last: 1672.02 PMT Last: 1683.72 |
Updated March 2, 2023
Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues.. Your actual payment obligation will be greater. Monthly Payments are calculated using a $200,000 loan amount and the term quoted.
Programs include escrows for taxes and insurance. To waive escrows for taxes on first lien Mortgages, a fee of .25% of the loan amount will be charged. This fee is not applicable to land, construction and equity products.
- APR = Annual Percentage Rate. ARM = Adjustable Rate Mortgage; APR may increase after consummation.
- For Adjustable rates, fully indexed rate is the Secured Overnight Financing Rate (SOFR) plus the Maximum loan to value calculations vary based on property type and occupancy status. All APRs assume FICO Score of 740 and a down payment of 40%.
- Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% on the amount above $500,000, for a 12 month construction period. Modular construction loan fees will cap out at the maximum construction loan fee of $5,000. Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period.
- Interest rate on ARM loans may increase as much as 2% per annual adjustment period and a maximum of 6% from the initial rate over the lifetime of the loan. The interest rate on ARM loans may increase after the initial fixed rate period following closing.
- APRs for land loans reflect the quoted interest rate and points as well as a $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, and a $800 settlement fee.
- APRs on quoted construction loans include a 1% construction fee, $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee, $175 Final Inspection Fee, and a $800 settlement fee.
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% 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 up to the loan amount when you need the funds. Interest is paid monthly, the loan principle must be repaid in full at the end of the term. There are no minimum balance requirements. Savings Bank of Walpole pays all closing costs for a home equity line of credit. If the borrower pays off and closes a home equity line of credit on or before the 36th month, they will be required to reimburse the bank for the actual closing costs incurred by the bank. Closing costs may include but are not limited to, appraisal, settlement, recording, flood, and credit report fees.
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.
Featured Home Equity Loans
Payments do not include taxes or insurance and actual payment may be greater. Rates quoted are for a single family, primary residence. To qualify for rates quoted a minimum credit score of 680 and other underwriting requirements must be met. All equity loans have a minimum loan amount of $10,000.00.
Term Years | Example Loan Amount | Loan To Value | Initial Rate | Points | Ppfc | Apr | Monthly Payment | Total Paid At End Of Loan | |
---|---|---|---|---|---|---|---|---|---|
Home Equity Loan - Fixed Rate 5 Year | 5 | 10000 | 80 | 5.375 | 0 | 0 | 5.375 | 190.44 | 11426.11 |
Home Equity Loan - Fixed Rate 10 Year | 10 | 10000 | 80 | 6.500 | 0 | 0 | 6.500 | 113.55 | 13625.76 |
Home Equity Loan - Fixed Rate 15 Year | 15 | 10000 | 80 | 6.625 | 0 | 0 | 6.625 | 87.80 | 15803.89 |
Home Equity Loan - Fixed Rate 20 Year | 20 | 10000 | 80 | 6.750 | 0 | 0 | 6.750 | 76.04 | 18248.74 |
Rates effective Friday, March 31, 2023
Home Equity Line of Credit
The payments do not include taxes or insurance premiums. The actual payment obligation will be greater.
6.490% intro rate for 12 months then Prime Rate based on Wall Street Journal, subject to increase.
Interest only during the advance period, 10 year advance period, after the initial advance period the line will convert to a 20 year repayment period of principal and interest.
$50.00 annual fee during advance period.
Closing Costs paid by lender, if the Line of Credit is paid in full and closed within three years of activation there will be a an early termination fee equal to the closing costs paid on your behalf, which includes flood certification fee, Settlement/Closing fee, Appraisal fee, Credit Report fee and recording fees. These costs could range from $400-$1,000.
Rates effective Friday, March 31, 2023
*For Home Equity Line of Credit, the interest rate and APR will be 6.490% for the first 12 months. After the first twelve months the rate will be adjusted monthly to the Wall Street Journal Prime Rate during the remaining advance period and is subject to change at any time. After the first twelve months, the interest rate will not go below 3.990% or above 18.00%. Based on these terms, and WSJ Prime = 8.000%, the variable APR would be 8.000 % after the first 12 months. Rates are quoted based on property being owner occupied or a second home with 80% CLTV and a credit score of 680.
Closing Fees: $0.00
Annual Fee: $50.00
Business Accounts
Nonprofit Advantage Checking
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$500 to $24,999.99 | 0.03000 | 0.03 | 500 | 1 | 10 |
$25,000 to $74,999.99 | 0.03000 | 0.03 | 25000 | 1 | 10 |
$75,000 to $249,999.99 | 0.03000 | 0.03 | 75000 | 1 | 10 |
$250,000 or more | 0.03000 | 0.03 | 250000 | 1 | 10 |
Updated July 29, 2020
IOLTA
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$1,000 to $99,999.99 | 0.03000 | 0.03 | 1000 | 1 | 10 |
$100,000 to $199,999.99 | 0.03000 | 0.03 | 100000 | 1 | 10 |
$200,000 or more | 0.03000 | 0.03 | 200000 | 1 | 10 |
Updated July 29, 2020
Business Money Market Accounts
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$2,500 to $24,999.99 | 0.35 | 0.35 | 2500 | 1 | 500 |
$25,000 to $99,999.99 | 0.40 | 0.40 | 25000 | 1 | 500 |
$100,000 to $249,999.99 | 0.50 | 0.50 | 100000 | 1 | 500 |
$250,000 or more | 0.60 | 0.60 | 250000 | 1 | 500 |
Updated December 22, 2022
Business Savings
Business Savings
Interest Rate | Annual Percentage Yield Apy | Minimum Balance To Earn Stated Apy | Periods | Minimum Deposit To Open | |
---|---|---|---|---|---|
$100 to $2,499.99 | 0.05000 | 0.05 | 100 | 1 | 10 |
$2,500 to $9,999.99 | 0.05000 | 0.05 | 2500 | 1 | 10 |
$10,000 to $24,999.99 | 0.05000 | 0.05 | 10000 | 1 | 10 |
$25,000 or more | 0.05000 | 0.05 | 25000 | 1 | 10 |
Updated August 17, 2021
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.