The Savings Bank | Personal & Business Banking

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CD Specials
Mortgage Rates

CD Specials

CD Term	Interest Rates	APY
3-MONTH CD	3.40%	3.46%
9-MONTH CD	4.95%	5.07%
13-MONTH CD	4.31%	4.40%

Interest rate is fixed for the term of the certificate. The 3-month CD renews automatically to a 6-month term at maturity. The 9-month CD renews automatically to a 12-month term at maturity. The 13-month CD renews automatically to a 12-month term at maturity. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Featured 3-month, 9-month, and 13-month CD specials have a $1,000 minimum to open. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you close your account before interest is credited, you will receive the accrued interest. Rates accurate as of November 22, 2023.

Mortgage Rates

Mortgage Term	Mortgage Rate
15-Year Fixed Mortgage	6.875% Interest Rate (7.045% APR)
30-Year Fixed Mortgage	7.25% Interest Rate (7.357% APR)
Residential Land Loan (10-Yr Fixed-Rate Balloon with 20-Yr Amortization)	9.0% Interest Rate (9.146% APR)

15-Year Fixed Mortgage: The Interest Rate is 6.875% and the Annual Percentage Rate (“APR”) is 7.045%. There will be 179 monthly payments with a 180th and final payment in an amount sufficient to pay off the remaining balance of the loan. For example, a $160,000 loan will be repaid in 179 monthly payments of $1,426.97 each and a 180th and final payment of $1,426.03. These payments do not include taxes and required insurance, and the actual payment amounts will be greater. Interest Rate and APR are subject to change without notice and may vary based on the creditworthiness of the borrower, loan-to-value, loan amount, and loan purpose. The APR is effective November 27, 2023 and assumes a loan-to-value of 80%.

30-Year Fixed Mortgage: The Interest Rate is 7.25% and the Annual Percentage Rate (“APR”) is 7.357%. There will be 359 monthly payments with a 360th and final payment in an amount sufficient to pay off the remaining balance of the loan. For example, a $160,000 loan will be repaid in 359 monthly payments of $1,091.48 each and a 360th and final payment of $1,093.74. These payments do not include taxes and required insurance, and the actual payment amounts will be greater. Interest Rate and APR are subject to change without notice and may vary based on the creditworthiness of the borrower, loan-to-value, loan amount, and loan purpose. The APR is effective November 27, 2023 and assumes a loan-to-value of 80%.

Residential Land Loan: The Interest Rate is 9.0% and the Annual Percentage Rate (“APR”) is 9.146% with a 15% down payment. There will be 119 monthly payments based on a 240-month amortization schedule, with a 120th and final balloon payment in an amount sufficient to pay off the entire remaining balance of the loan. For example, a $127,500 loan will be repaid in 119 monthly payments of $1,147.15 each and a 120th and final balloon payment in the amount of $91,705.32. These payments do not include taxes and required insurance, and the actual payment amounts will be greater. Interest Rate and APR are subject to change without notice and may vary based on the creditworthiness of the borrower, loan-to-value, loan amount, and loan purpose. The APR is effective November 3, 2023 and assumes a loan-to-value of 80%.