The Savings Bank | Personal & Business Banking

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CD Specials
Mortgage Rates

CD Specials

CD Term	Interest Rates	APY
6-MONTH CD	3.40%	3.46%
11-MONTH CD	4.50%	4.60%

Interest rate is fixed for the term of the certificate. The 6-month CD renews automatically to the same term. The 11-month CD renews automatically to a 12-month term. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Featured 6-month and 11-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 March 24, 2023.

Mortgage Rates

Mortgage Term	Mortgage Rate
10-Yr Fixed-Rate Balloon with 30-Yr Amortization	5.75% Rate (5.90% APR)
5/1 Adjustable Rate Mortgage	5.75% Interest Rate (6.338% APR)

Fixed-Rate Balloon with 30-Year Amortization: The Interest Rate is 5.75% and the Annual Percentage Rate (“APR”) is 5.90%. There will be 119 monthly payments based on a 360-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 $160,000 loan will be repaid in 119 monthly payments of $933.72 each and a 120th and final balloon payment in the amount of $133,925.41. 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 March 24, 2023 and assumes a loan-to-value of 80%.

5/1 ARM: Click here for more details: https://www.thesavingsbankohio.bank/product/mortgage-specials.html