Hometown Bank Rates
RATES ARE AS OF AND
ARE SUBJECT TO CHANGE WITHOUT NOTICE.
Please call 508.987.1200 for the most current rates and for specific account
details.
Checking | Savings | Investments | Loans | Mortgages
| Interest Rate |
Annual Percentage Yield (APY) (1) | Minimum Opening Deposit | Minimum Balance to Obtain APY | |
Totally Free NOW Checking |
0.10% | 0.10% | $10 | $10 |
| Business Checking | 0.00% | 0.00% | $500 | |
| Money Market Checking | 0.25% | 0.25% | $2,500 | $10 |
| 1.14% | 1.15% | $2,500 | ||
| 1.48% | 1.50% | $40,000 | ||
| Savings Accounts | ||||
| Statement | 0.49% | 0.50% | $10 | $10 |
| Passbook | 0.49% | 0.50% | $10 | $10 |
| Money Market | 0.85% | 0.854% | $2,500 | $2,500 |
| Super Money Market | 0.25% | 0.25% | $0 - $4,999 | |
| 1.48% | 1.50% | $5,000 - $49,999 | ||
| 2.713% | 2.75% | over $50,000 | ||
| Golden Age | 0.64% | 0.65% | $10 | $10 |
| 0.723% | 0.75% | $2,500 | ||
| .8464% | .85% | $10,000 | ||
| .995% | 1.00% | $15,000 | ||
| Christmas Club | .996% | 1.00% | $10 | $10 |
| Vacation Club | .996% | 1.00% | $10 | $10 |
| Investment Savings | ||||
| Certificates of Deposit (2) | ||||
| 3 Month (91 Day) | 1.50% | 1.50% | $1,000 | $1,000 |
| 6 Month | 2.50% | 2.50% | $1,000 | $1,000 |
| 12 Month | 2.71% | 2.75% | $500 | $500 |
| 15 Month | 2.76% | 2.80% | $1,000 | $1,000 |
| 18 Month | 2.81% | 2.85% | $1,000 | $1,000 |
| 24 Month | 2.96% | 3.00% | $1,000 | $1,000 |
| 30 Month | 3.20% | 3.25% | $1,000 | $1,000 |
| 36 Month | 3.44% | 3.50% | $1,000 | $1,000 |
| Individual Retirement Accounts (2) | ||||
| 12 Month | 2.71% | 2.75% | $200 | $200 |
| 18 Month | 2.81% | 2.85% | $200 | $200 |
| 30 Month | 3.20% | 3.25% | $200 | $200 |
| 48 Month | 3.44% | 3.50% | $200 | $200 |
| Yearly APR | Max APR | Annual Fee | Draw | ||
| HELOC (6) | Fixed 12 Months |
5.50% |
18.00% |
$0 |
120 Months |
then variable monthly at |
6.00% |
| Home Equity Loan | Interest Rate |
Points |
Annual Percentage Rate |
Monthly Payment per $10,000 |
| 5-Year Fixed | 6.000% | 0 | 6.000% | 193.33 |
| 10-Year Fixed | 6.375% | 0 | 6.375% | 112.91 |
| 15-Year Fixed | 6.750% | 0 | 6.750% | 88.49 |
Notes:
(1) The Annual Percentage Yield assumes funds will remain on deposit for a full year at the advertised rate. With the exception of CDs and IRAs, the APY may change during the account's term. Fees or other conditions could reduce the earnings on the accounts shown above.
(2) A penalty may be imposed for early withdrawal.
(3) All mortgage rates quoted are for owner-occupied properties.
(4) APRs calculated using a $100,000 mortgage balance and a 20% down-payment. Minimum down-payment is 5% with Private Mortgage Insurance coverage.
(5) All ARM examples (except 10-Year Fixed/1-Year Variable) assume margins of 2.75% over the U.S. Treasury Securities, caps of 2% / 2% / 6%, and 30-year terms. 10-Year Fixed/1-Year Variable assumes a 40-year term.
(6) An introductory rate of 5.99% (periodic rate 0.0164109%) for twelve (12) months thereafter, the Annual Percentage Rate (APR) on a Hometown Bank Home Equity Line of Credit is VARIABLE monthly and is set on the first business day of each month at the Prime Rate published in the Wall Street Journal on the last business day of the previous month plus 0.00%. 10 year draw, 15 year repayment. Maximum 80% loan to value ratio. Maximum rate is 18%. No Annual fee, Closing Costs Range from $63.00 to $175.00. Other Fees may apply if no First Mortgage and Title Insurance is required. Homeowners insurance required. Early termination fee / Prepayment Penalty of 1.50% of the line commitment amount if discharged in the first year, 1.00% of the line commitment amount if discharged in the second year and 0.50% of the line commitment amount if discharged in the third year. Offer may be withdrawn without notice. Subject to our normal credit requirements.
Member FDIC/ Member SIF - Your Deposits Insured in Full
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