Rates

Effective Date: Wednesday, September 23, 2020

Deposit Rates

Personal Checking Accounts

Rate

APY

Totally Free Checking N/A N/A
50+ Free Interest Checking 0.05% 0.05%
VIP Free Interest Checking 0.05% 0.05%
High Interest Checking – Daily balance of $1,500.00 required to avoid a $6.00 monthly service charge
Balances $10.00 to $1,499.99 0.05% 0.05%
Balances $1,500.00 or more 0.10% 0.10%

Savings Accounts

Rate

APY

Passbook – Daily balance of $20.00 required to avoid a $1.00 monthly service charge 0.15% 0.15%
Statement & IRA Statement – Daily balance of $100.00 required to avoid a $1.00 monthly service charge (does not apply to IRA) 0.15% 0.15%

Personal Money Market Accounts

Rate

APY

Standard – Daily balance of $2,500.00 required to avoid a $5.00 monthly service charge
Balances $10.00 to $2,499.99 0.05% 0.05%
Balances $2,500.00 or more 0.10% 0.10%
Premium & IRA Premium
Balances $0.01 to $9,999.99 0.05% 0.05%
Balances $10,000.00 to $24,999.99 0.10% 0.10%
Balances $25,000.00 to $49,999.99 0.13% 0.13%
Balances $50,000.00 to $99,999.99 0.15% 0.15%
Balances $100,000.00 or more 0.20% 0.20%

Business Accounts

Rate

APY

Totally Free Business Checking N/A N/A
Business Interest Checking – Daily balance of $1,500.00 required to avoid a $6.00 monthly service charge 0.05% 0.05%
Business Money Market
Balances $0.01 to $9,999.99 0.05% 0.05%
Balances $10,000.00 to $24,999.99 0.10% 0.10%
Balances $25,000.00 to $49,999.99 0.13% 0.13%
Balances $50,000.00 to $99,999.99 0.15% 0.15%
Balances $100,000.00 or more 0.20% 0.20%

CD’s & IRA CD’s

Rate

APY

3 Month 0.30% 0.30%
6 Month 0.35% 0.35%
1 Year 0.40% 0.40%
2 Year 0.70% 0.70%
3 Year 0.90% 0.90%
4 Year 1.00% 1.00%
*Unless otherwise indicated a minimum daily balance of $10.00 is required to earn the APY. The minimum deposit to open a CD/IRA CD is $1,000.00 and $10.00 for all other accounts listed. Rates are subject to change without notice. The APY on Savings, Checking, and Money Market Accounts may change after the account is opened. Penalty for early withdrawal on all Certificates of Deposit. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalities imposed by the Internal Revenue Service. Fees may reduce earnings on account. APY (Annual Percentage Yield) is what your money would earn if principal and interest remain on deposit for at least one year at the same rate. Please contact us at your convenience if you would like any additional product information or clarification.

Mortgage Rates

Mortgage Type

Rate

APR

Points

Payment / $1,000

30 Year Fixed Rate* 3.000% 3.048% 0.000% $4.22
15 Year Fixed Rate* 2.500% 2.587% 0.000% $6.67
5/1 Adjustable Rate* 3.625% 3.243% 0.000% $4.56
HELOC** 2.990% 2.990% 0.000%
*Mortgages: The interest rates and annual percentage rates (APRs) shown are effective as of Wednesday, September 23, 2020 and subject to change without notice. APRs are based on a loan amount of $225,000.00 and assume 20% equity and apply only to 1-4 family, owner-occupied homes; other programs are available. The payment per thousand amount shown includes principal and interest only and DO NOT included taxes and insurance.  Your actual monthly payment will be higher if an escrow account is established or required. Your APR will vary based on your final loan amount and finance charges. Flood insurance may be required.
**Home Equity Lines of Credit: Annual Percentage Rate (APR) as of Wednesday, September 23, 2020 and subject to change. Introductory rate is 2.990% for 12 months followed by Wall Street Journal Prime minus .50% with auto-pay from a Canton Co-operative checking or savings account. Without auto pay, rate is Prime plus 0%. The floor rate is 4.00%. Maximum rate is 18%. Home Equity Lines of Credit are variable rates subject to increase after consummation. Minimum Line is $10,000. Maximum is $500,000. An early termination fee of $400 applies when a Home Equity Line closes within 3 years. Property insurance required. Flood insurance may be required. Other terms and conditions may apply. Consult with your tax advisory about deductibility.
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