|
|
|
LOAN
PRODUCTS*
July 9, 2010
|
|
MORTGAGES
|
RATES
|
POINTS
|
MIN.
DOWN.
|
APR
|
Pymt
Per
$1,000
|
|
30 year fixed
|
4.500%
|
1
|
5%
|
4.59%
|
$10.13
|
|
20 year fixed
|
4.375%
|
1
|
5%
|
4.50%
|
$12.52
|
|
15 year fixed
|
4.125%
|
1
|
5%
|
4.29%
|
$14.92
|
|
1 year adjustable*
|
5.000%
|
1
|
5%
|
5.10%
|
$10.74
|
|
3 year adjustable*
|
4.750%
|
1
|
10%
|
4.85%
|
$1043
|
|
5/1 ARM*
|
5.125%
|
1
|
5%
|
5.23%
|
$10.89
|
|
7/1 ARM*
|
5.250%
|
1
|
5%
|
5.35%
|
$11.04
|
|
3 year adjustable*
(Non-owner
occupied - 30 years)
|
Prime +2%
|
| Affordable
Housing Loans |
| MassAdvantage* |
5.375%
|
0
|
3%
|
5.39%
|
$10.58
|
| *Based on a 30 year repayment |
|
SECOND
MORTGAGES
|
APR
|
|
Please call for current rates and terms.
|
|
|
APR
|
|
Please call for current rates and terms.
|
|
PERSONAL
LOANS
|
APR
|
|
Please call for current rates and terms.
|
|
|
APR
|
|
Please call for current rates and terms.
|
|
|
APR
|
|
Please call for current rates and terms.
|
|
PASSBOOK
LOANS
|
APR
|
|
Please call for current rates and terms.
|
|
DEPOSIT
RATES
Rates Effective: June 16, 2010
|
| Checking/Savings/Club
Account |
Interest
Rate
|
APY*
|
| *NOW |
0.10%
|
0.10%
|
| *Passbook Savings |
0.15%
|
0.15%
|
| *Statement Savings |
0.15%
|
0.15%
|
| Vacation Club Account |
1.00%
|
1.01%
|
| Christmas Club Account |
1.00%
|
1.01%
|
*Annual
Percentage Yield
$10 minimum balance is required to earn APY
*$10.00 minimum opening balance. |
| Money
Market Accounts |
|
|
|
Tier
|
Balance
|
Interest
Rate
|
APY*
|
|
1
|
2,500-24,999
|
0.25%
|
0.25%
|
|
2
|
25,000-49,999
|
0.40%
|
0.40%
|
|
3
|
50,000 & higher
|
0.75%
|
0.75%
|
*Annual
Percentage Yield
(minimum opening deposit $2,500)
Balance below earns NOW account rate.
Fees could reduce earnings on these accounts. Variable rate
may change after account is opened. Certain other restrictions may
apply. |
|
CERTIFICATES
OF DEPOSIT
June 16, 2010
|
|
Term
|
Mimimum
Balance
|
Interest
Rate
|
APY*
|
| 3 Month |
$500.00
|
0.40%
|
0.40%
|
| 6 Month |
$500.00
|
0.70%
|
0.70%
|
| 12 Month |
$500.00
|
1.05%
|
1.05%
|
| 18 Month |
$500.00
|
1.05%
|
1.05%
|
| 24 Month |
$500.00
|
1.35%
|
1.35%
|
| 30 Month |
$500.00
|
1.35%
|
1.35%
|
| 36 Month |
$500.00
|
2.00%
|
2.00%
|
| 48 Month |
$500.00
|
2.10%
|
2.10%
|
| 60 Month |
$500.00
|
2.50%
|
2.50%
|
*Annual
Percentage Yield
For CDs, rates are guaranteed for the length of the
specified term. Substantial penalties may be imposed on early withdrawals.
Certain other restrictions may apply. |
|
INDIVIDUAL
RETIREMENT ACCOUNTS (IRAs)
June 16, 2010
|
|
Term
|
Mimimum
Balance
|
Interest
Rate
|
APY*
|
| 3 Month |
$500.00
|
0.40% |
0.40% |
| 6 Month |
$500.00
|
0.70% |
0.70% |
| 12 Month |
$500.00
|
1.05% |
1.05% |
| 18 Month |
$500.00
|
1.05% |
1.05% |
| 24 Month |
$500.00
|
1.35% |
1.35% |
| 30 Month |
$500.00
|
1.35% |
1.35% |
| 36 Month |
$500.00
|
2.00%
|
2.00%
|
| 48 Month |
$500.00
|
2.10%
|
2.10%
|
| 60 Month |
$500.00
|
2.50%
|
2.50%
|
| Savings |
$ 10.00
|
0.15%
|
0.15%
|
| Money Market |
$2,500.00
|
0.25%
|
0.25%
|
*Annual
Percentage Yield
(See tiered accounts for other rates)
For IRAs, rates are guaranteed for the length of the specified term.
Substantial penalties may be imposed on early withdrawals. Certain
other restrictions may apply. |
|
|
|
NEW
CARS
|
USED
CARS
|
|
10%
Down Payment
|
20%
Down Payment
|
|
Please call for current rates and terms.
|
*To best serve our customers, CHELSEA BANK will originate loans only within our market area.
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CHELSEA BANK
360 Broadway, PO Box 505687, Chelsea, MA 02150-5687
Phone: 617-884-5600 Fax: 617-884-2590
eMail: info@cpcbank.com
|
All
deposits
are fully
insured:
|
