Current Rates

Rates are effective as of Tuesday, February 7, 2012
and are subject to change without notice.

 

 

Mortgages
Term	Interest Rate	APR*	Monthly P&I*
7 Year Balloon**	4.00%	4.181%	$477.40 for 84 months
3-1 A.R.M.***	4.00%	3.408%	$477.42 for 36 months
5-1 A.R.M.***	4.00%	3.523%	$477.42 for 60 months
10 Year Fixed	3.00%	3.216%	$965.60 for 120 months
15 Year Fixed	3.25%	3.399%	$702.67 for 180 months
20 Year Fixed	3.75%	3.845%	$592.89 for 240 months
30 Year Fixed	3.875%	3.960%	$470.23 for 360 months
Fixed Rate 2nd Mortgages
Term	Interest Rate	APR*	Monthly P&I****
5 Year Fixed 2nd	6.00%	6.069%	$193.33 for 60 months
10 Year Fixed 2nd	6.25%	6.290%	$112.28 for 120 months
15 Year Fixed 2nd	6.50%	6.529%	$87.11 for 180 months
20 Year Fixed 2nd	6.75%	6.773%	$154.08 for 240 months

Note: APR = Annual Percentage Rates.

Mortgage Rates are as of Tuesday, February 7, 2012.

• Rates are subject to change at any time.

• Rates quoted represent only a sample of the programs we offer.  Call for more options.

• *The rates and monthly payment schedule (principal and interest) assume a 20% down payment on the purchase of an owner-occupied property resulting in a loan of $100,000.  Rates may vary depending on loan size.

• Rates based on a lock period of 30 days.

• The rates listed above are based upon purchase transactions with representative credit score of 740 or greater.  Rates may vary for borrowers with lower credit scores.

• **Amortized over 30 years with a final payment of $86,538.38  due at the end of 48 months.

• ***Interest rate is fixed for an initial period of three or five years.  Loan is amortized over a period of 30 years.  Rates will adjust annually thereafter not to exceed 2% at each adjustment and not to exceed 6% over the term of the loan.

• ****The rates and monthly payment schedule (principal and interest) for the Fixed Rate 2nd Mortgages assume a $10,000 loan on an owner-occupied single-family residence or owner-occupied duplex.

 

 

View our Loan Application Checklist

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Business Loans (as low as)
Term	APR*
3 Year	6.00%
5 Year	6.25%
Interest Rates are subject to credit approval.
Real Estate Business Loans (as low as)
Term	APR*	Amortized
3 Year Balloon	6.00%	Up to 25 Years
5 Year Balloon	6.25%	Up to 25 Years
Interest Rates are subject to credit approval.

* annual percentage rate. Subject to credit approval

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Savings Accounts
Account Type	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
Regular Savings	.10%	.10%	$10	Daily
Christmas Club	.50%	.50%	$10	Daily
Cowabunga Kid's Club (balances up to $5,000)	.20%	.20%	$10	Daily
Cowabunga Kids' Club (balances over $5,000)	.10%	.10%	$10	Daily

Note: Fees could reduce earnings. * Annual Percentage Yield

 

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Lifetime Checking
Balance to Maintain APY	APY*	Interest Rate	Minimum Deposit to Open
$200.00 to $2,499.99	.05%	.05%	$200
$2,500.00 to $9,999.99	.05%	.05%	$200
$10,000 to $19,999.99	.10%	.10%	$200
$20,000 or more	.15%	.15%	$200

 

*Annual Percentage Yield

**If your balance falls below $200 within the monthly statement cycle, the account will be assessed a $5.00 charge, plus $.25 per check over 10 for that monthly period.  Fees could reduce earnings.

 

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Regular Money Market
Balance to Maintain APY	APY*	Interest Rate	Minimum Deposit to Open
$0 to $2,499	.05%	.05%	$2,500
$2,500 and greater*	.10%	.10%	$2,500
Gold Premier Money Market
Balance to Maintain APY	APY	Interest Rate	Minimum Deposit to Open
Up to $4,999	.10%	.10%	$5,000
$5,000 to $24,999	.15%	.15%	$5,000
$25,000 to $49,999	.20%	.20%	$5,000
$50,000 and greater**	.25%	.25%	$5,000

*Annual Percentage Yield

**If the balance falls below $2,500 during the monthly cycle an $8.00 service charge will be assessed to your account.
*** If the balance falls below $5,000 during the monthly cycle an $8.00 service charge will be assessed to your account.

 

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Certificates of Deposits
Term	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
91 Day	.10%	.10%	$500.00	Quarterly
6 Month	.25%	.25%	$500.00	Quarterly
12 Month	.41%	.40%	$500.00	Quarterly
18 Month	.56%	.55%	$500.00	Quarterly
30 Month	.97%	.95%	$500.00	Quarterly
48 Month	1.53%	1.50%	$500.00	Quarterly
Special Promotions
34 Month	1.32%	1.30%	$1,000.00	Quarterly

* Annual Percentage Yield

**Penalty for early withdrawal

 

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Individual Retirement Accounts
Term	APY*	Interest Rate	Minimum Deposit to Open	Interest Compounds
IRA Builder Passbook	.50%	.50%	$10.00	Quarterly
6 Month	.30%	.30%	$500.00	Quarterly
12 Month	.46%	.45%	$500.00	Quarterly
18 Month	.61%	.60%	$500.00	Quarterly
30 Month	1.02%	1.00%	$500.00	Quarterly
48 Month	1.58%	1.55%	$500.00	Quarterly

* Annual Percentage Yield

 

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For more information, email us at info@harvardsavingsbank.com