All rates are subject to change without notice –
For the most current rate information, please call (603) 352-1822.
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 | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| Truly Free Checking | 0.03% | 0.03% | $100 | $10 |
| Senior Checking | 0.03% | 0.03% | $100 | $10 |
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 | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $100 to $2,499.99 | 0.05% | 0.05% | $100 | $10 |
| $2,500 to $9,999.99 | 0.05% | 0.05% | $2,500 | $10 |
| $10,000 to $24,999.99 | 0.05% | 0.05% | $10,000 | $10 |
| $25,000 or more | 0.05% | 0.05% | $25,000 | $10 |
Easy Access Savings
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open |
|---|---|---|---|
| 0.05% | 0.05% | $100 | $10 |
Youth Savings
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open |
|---|---|---|---|
| 0.05% | 0.05% | $1 | $1 |
Be Your Own Lender
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open |
|---|---|---|---|
| 0.05% | 0.05% | $100 | $2 |
Goal Setter Savings/GOALS
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open |
|---|---|---|---|
| 0.05% | 0.05% | $2 | $2 |
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 Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $1,000 to $9,999.99 | 0.05% | 0.05% | $1,000 | $500 |
| $10,000 to $24,999.99 | 0.05% | 0.05% | $10,000 | $500 |
| $25,000 to $99,999.99 | 0.05% | 0.05% | $25,000 | $500 |
| $100,000 to 249,999.99 | 0.10% | 0.10% | $100,000 | $500 |
| $250,000 or more | 0.15% | 0.15% | $250,000 | $500 |
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 Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| 3 Month | 0.10% | 0.10% | $500 | $500 |
| 6 Month | 0.15% | 0.15% | $500 | $500 |
| 1 Year | 0.20% | 0.20% | $500 | $500 |
| 18 Month | 0.25% | 0.25% | $500 | $500 |
| 2 Year | 0.30% | 0.30% | $500 | $500 |
| 3 Year | 0.40% | 0.40% | $500 | $500 |
| 5 Year | 0.45% | 0.45% | $500 | $500 |
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 Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $0.01 to $ 499.99 | 0.05% | 0.05% | $0.01 | $10 |
| $500 to 2,499.99 | 0.05% | 0.05% | $500 | $10 |
| $2,500 to 9,999.99 | 0.05% | 0.05% | $2,500 | $10 |
| $10,000 to 24,999.99 | 0.10% | 0.10% | $10,000 | $10 |
| $25,000 or more | 0.15% | 0.15% | $25,000 | $10 |
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 Amount | Max Loan Amount | Max Term | Current Rate | Doc Fee | Annual Fee |
|---|---|---|---|---|---|
| $100 | $5,000 | Revolving | 15.00% | n/a | $30 |
*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 Amount | Max Term | Example Amount | Current Rate | APR | Est. Payment | Doc Fee |
|---|---|---|---|---|---|---|
| $15,000 | 60 months | $15,000.00 | 6.99% | 7.121% | $296.88 | $50.00 |
APR (Annual Percentage Rate) is based on a $5,000 loan and includes a $50 processing fee.
Vehicles
| Type | Condition | Year | Max Term | Example Amount | Current Rate | APR | Est. Payment | Doc Fee |
|---|---|---|---|---|---|---|---|---|
| Auto | New/Used | 2022 & 2021 | 72 months | $30,000.00 | 3.99% | 4.102% | $469.97 | $50.00 |
| 2020 & 2019 | 60 months | $25,000.00 | 4.50% | 4.643% | $466.77 | $50.00 | ||
| 2020 & 2019 | 72 months | $25,000.00 | 5.00% | 5.138% | $403.42 | $50.00 | ||
| 2018 & 2017 | 60 months | $20,000.00 | 4.75% | 4.918% | $375.73 | $50.00 | ||
| 2016 & 2015 | 48 months | $15,000.00 | 6.50% | 6.667% | $355.51 | $50.00 | ||
| 2014 & Older | 36 months | $10,000.00 | 7.25% | 7.603% | $310.99 | $50.00 | ||
| Boats, Campers, RV's, Tractors & Equipment | New/Used | Any | 120 Months | $20,000.00 | 7.74% | 7.792% | $239.86 | $50.00 |
| Motorcycles, ATV's, Snowmobiles, Ski Doos | New/Used | Any | 48 Months | $10,000.00 | 8.00% | 8.248% | $244.07 | $50.00 |
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 Amounts | Max Term | Example Amount | Current Rate | APR | Est. Payment | Min Credit Score | UCC Fee | Doc Fee |
|---|---|---|---|---|---|---|---|---|
| $5,000 - $25,000 | 120 months | $25,000.00 | 5.99% | 6.029% | $278.75 | 725 | Up to $67 | $50.00 |
| $25,001 - $40,000 | 180 months | $40,000.00 | 6.49% | 6.506% | $350.02 | $50.00 |
Minimum Credit Score 725
*UCC Fee up to $65
Personal Unsecured
| Max Loan Amount | Max Term | Example Amount | Current Rate | APR | Est. Payment | Doc Fee |
|---|---|---|---|---|---|---|
| $10,000 | 60 months | $10,000.00 | 10.99% | 11.194% | $217.30 | $50.00 |
APR (Annual Percentage Rate) is based on a example loan and maximum term, includes a $50 processing fee.
Collateral Loans
| Min Loan Amount | Max Term | Max LVT | Current Rate | Doc Fee |
|---|---|---|---|---|
| $100 | 60 months | 95% | Deposit rate +3.50% (fixed) or 4.50% whichever is greater | n/a |
Updated 2/2/2022
Mortgage Loans
Savings Bank of Walpole offers a wide range of home mortgage products including fixed rate, adjustable rate, construction, 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.
Fixed Rate Mortgages
| Points | Interest Rate | APR* | Monthly Payment per $1,000 Financed | |
|---|---|---|---|---|
| 10 Yr Fixed | 0.000%` | 3.875% | 4.054% | $10.06 |
| 15 Yr Fixed | 0.000% | 4.000% | 4.123% | $7.40 |
| 20 Yr Fixed | 0.000% | 4.500% | 4.613% | $6.32 |
| 30 Yr Fixed | 0.000% | 4.500% | 4.597% | $5.06 |
*Loan approval is subject to credit underwriting and program guidelines. Other restrictions may apply.
Adjustable Rate Mortgages
| Term | Interest Rate | APR* | Monthly Payment per $1,000 Financed |
|
|---|---|---|---|---|
| 5/1 Yr ARM | 30 years | 3.625% | 3.568% | $4.50 |
| 7/1 Yr ARM | 30 years | 3.750% | 3.626% | $4.56 |
| 10/1 Yr ARM | 30 years | 3.875% | 3.800% | $4.70 |
The interest rate quoted may vary based on borrower’s credit score, loan amount as a percentage of the value, 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 $200,000 assuming a FICO Score of 740 and a down payment of 40%. Rates quoted for a single family owner occupied home.
The APR’s is calculated including a $650 origination fee, $20 flood certification fee, $90 tax service fee, $135 appraisal management fee, $25 closing protection letter, and a $750 settlement fee. Construction loans include a construction loan fee calculated from 1% on the first $500,000 of construction funds and then 1/2% on the amount above $500,000. Construction loans are for a 12 month construction period. APR’s on construction loans assume a $200,000 loan amount and include a 1% construction fee, $650 origination fee, $20 flood certification fee, $90 tax service fee, $135 appraisal management fee, $25 closing protection letter, $250 plot plan fee, $175 lender inspection fee, and a $750 settlement fee. Fees quoted are for New Hampshire properties. Please contact a Mortgage Originator for Vermont fees.
Payments do not include taxes or insurance and actual payment will be greater.
The interest rate on an ARM (adjustable rate mortgage) may increase up to 2% per adjustment period and a total of 6% from the initial rate over the lifetime of the loan. The interest rate on adjustable rate mortgages may increase after the initial fixed period following closing of the loan and are calculated as the note margin plus the Secured Overnight Financing Rate (SOFR) index.
*APR = Annual Percentage Rate. ARM = Adjustable Rate Mortgage; APR may increase after consummation.
Portfolio rates are available for jumbo loans – loan amounts in excess of $647,200
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% 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.
| Term | Interest Rate | APR* | Monthly Payment per $1,000 Financed |
|
|---|---|---|---|---|
| Home Equity Line of Credit | 15 years | 3.490% | 3.490% | $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. 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. Home Equity Loan payments do not include taxes or insurance. The borrower is responsible for obtaining and paying for satisfactory homeowners insurance.
Closing Fees: $0.00
Annual Fee; $50.00
Business Accounts
Nonprofit Advantage Checking
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $500 to $24,999.99 | 0.03% | 0.03% | $500 | $10 |
| $25,000 to $74,999.99 | 0.03% | 0.03% | $25,000 | $10 |
| $75,000 to $249,999.99 | 0.03% | 0.03% | $75,000 | $10 |
| $250,000 or more | 0.03% | 0.03% | $250,000 | $10 |
IOLTA
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $1,000 to $99,999.99 | 0.03% | 0.03% | $1,000 | $10 |
| $100,000 to $199,999.99 | 0.03% | 0.03% | $100,000 | $10 |
| $200,000 or more | 0.03% | 0.03% | $200,000 | $10 |
Business Money Market Accounts
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $2,500 to $24,999.99 | 0.05% | 0.05% | $2,500 | $500 |
| $25,000 to $99,999.99 | 0.05% | 0.05% | $25,000 | $500 |
| $100,000 to $249,999.99 | 0.10% | 0.10% | $100,000 | $500 |
| $250,000 or more | 0.15% | 0.15% | $250,000 | $500 |
Business Savings
| Interest Rate | Annual Percentage Yield | Minimum Balance to obtain APY | Minimum Deposit to Open | |
|---|---|---|---|---|
| $100 to $2,499.99 | 0.05% | 0.05% | $100 | $10 |
| $2,500 to $9,999.99 | 0.05% | 0.05% | $2,500 | $10 |
| $10,000 to $24,999.99 | 0.05% | 0.05% | $10,000 | $10 |
| $25,000 or more | 0.05% | 0.05% | $25,000 | $10 |
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.