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 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 | 8.75 | 8.870 | 240.35 | 50.00 |
Updated May 9, 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 | 6.74 | 6.812 | 508.76 | 50.00 |
| 2021 & 2020 | 60 | 25000.00 | 7.24 | 7.338 | 499.03 | 50.00 | ||
| 2021 & 2020 | 72 | 25000.00 | 7.75 | 7.836 | 436.33 | 50.00 | ||
| 2019 & 2018 | 60 | 20000.00 | 7.50 | 7.620 | 401.90 | 50.00 | ||
| 2017 & 2016 | 48 | 15000.00 | 9.25 | 9.447 | 376.47 | 50.00 | ||
| 2015 & Older | 36 | 10000.00 | 10.00 | 10.374 | 324.43 | 50.00 | ||
| Boats, Campers, RV's, Tractors & Equipment | New/Used | Any | 120 | 20000.00 | 8.99 | 9.062 | 254.02 | 50.00 |
| Motorcycles, ATV's, Snowmobiles, Ski Doos | New/Used | Any | 48 | 10000.00 | 9.00 | 9.284 | 250.20 | 50.00 |
Updated May 9, 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.
Please note that rates and fees are subject to change without notice due to market fluctuations and may vary due to property and loan characteristics. To qualify for rates quoted a minimum credit score of 780 and other underwriting requirements must be met. 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.
Other Mortgage Programs Available
Please contact a Mortgage Specialist to discuss financing options and rates for construction, land, mobile homes and equities.
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
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.