Text Size
Rates
For questions on loan rates, please contact Lorraine Ilsley at (978) 569-1655 or Vee Kong at (978) 569-1623.
For questions on deposit rates, please contact any branch or call our main number at (978) 458-7999.
Rates effective as of March 5, 2010
CD Rates
| Type | Minimum to Open | Rate | APY |
|---|---|---|---|
| 7-31 Day Certificate | $2,500 | 0.25% | 0.25% |
| 91 Day Certificate | $2,500 | 0.50% | 0.50% |
| 6 Month Certificate | $2,500 | 0.75% | 0.75% |
| 9 Month Certificate | $500 | 0.85% | 0.87% |
| 12 Month Certificate | $500 | 1.20% | 1.22% |
| 1½ Year Certificate | $500 | 1.45% | 1.48% |
| 2 Year Certificate | $500 | 1.65% | 1.69% |
| 2½ Year Certificate | $500 | 2.10% | 2.15% |
| 3 Year Certificate | $500 | 2.20% | 2.26% |
| 5 Year Certificate | $500 | 2.75% | 2.83% |
| 1½ Year Certificate (Fixed Rate IRA) | $500 | 1.45% | 1.48% |
| 2 Year Certificate (Fixed Rate IRA) | $500 | 1.65% | 1.69% |
| 1½ Year Certificate (Variable Rate IRA) | $500 | 1.45% | 1.48% |
On Certificates of Deposit, Annual Percentage Yield assumes principal and interest remain on deposit for term. You must maintain the stated minimum balance each day to obtain the disclosed APY.
A penalty may be assessed for funds withdrawn prior to maturity on all certificates of deposits.
Once a certificate of deposit account is opened, it maintains the opening rate for the length of its term.
Variable account rates may change after account is opened.
All of our rates are subject to change without notice. The stated rates and APY are accurate as of the above effective date.
You must maintain a minimum balance of $10.00 in an account to earn the stated APY.
Account fees may reduce earnings. Please request further information from our staff concerning the fees and terms applicable to advertised accounts.
Checking Accounts
| Type | Minimum to Open | Minimum Combined Daily Balance | Monthly Service Charge if Daily Minimum Balance Not Maintained Each Business Day of Month | Rate | APY |
|---|---|---|---|---|---|
| Free Checking Account | N/A | N/A | N/A | 0.00% | 0.00% |
| Interest Checking Account | $10 | $1,000¹ | $5 | 0.05% | 0.05% |
| WSB Checking Account | $10 | $5,000² | $10 - 24,999.99 | 0.25% | 0.25% |
| $25,000 - $49,999.99 | 0.35% | 0.36% | |||
| $50,000 - $99,999.99 | 0.50% | 0.51% | |||
| $100,000 or more | 0.75% | 0.76% |
¹ You may avoid a monthly service charge if you maintain, each day during the monthly cycle, the minimum combined daily balance or are under the age of 19 or 65 and over.
² You may avoid a monthly service charge if you maintain, each day during the monthly cycle, the minimum daily balance or are under the age of 19 or 65 and over.
Variable account rates may change after account is opened.
All of our rates are subject to change without notice. The stated rates and APY are accurate as of the above effective date.
You must maintain a minimum balance of $10.00 in an account to earn the stated APY.
Account fees may reduce earnings. Please request further information from our staff concerning the fees and terms applicable to advertised accounts.
Please contact us for more detailed deposit insurance information.
Savings Account Rates
Savings Accounts
| Type | Minimum to Open | Minimum Combined Daily Balance | Monthly Service Charge if Daily Minimum Balance Not Maintained Each Business Day of Month | Rate | APY |
|---|---|---|---|---|---|
| Passbook Saving*** | $10 | $50 ** | $3 | 0.20% | 0.20% |
| Statement Saving*** | $10 | $50 ** | $3 | 0.20% | 0.20% |
| Vacation Club*** | $10 | N/A | N/A | 0.20% | 0.20% |
| Christmas Club | $10 | N/A | N/A | 0.10% | 0.10% |
| eSavings**** | $10 | N/A | $10.00 - $49,999.99 | 1.50% | 1.53% |
| $50,000 or more | 1.25% | 1.28% | |||
| Money Market Account*** | $10 | $2,500 ** | $10 - $24,999.99 | 0.25% | 0.25% |
| $25,000 - $49,999.99 | 1.00% | 1.02% | |||
| $50,000 - $99,999.99 | 1.25% | 1.28% | |||
| $100,000 or more | 1.50% | 1.53% |
* You may avoid a monthly service charge if you maintain, each day during the monthly cycle, the minimum combined daily balance or are under the age of 19 or 65 and over.
** You may avoid a monthly service charge if you maintain, each day during the monthly cycle, the minimum combined daily balance or are under the age of 19 or 65 and over.
*** Federal regulation limits the number of pre-authorized transfers/withdrawals to no more than 6 per month, with no more than 3 by ATM or Debit card as a Point of Sale transaction
**** eSavings is an online only account. It can only be opened, funded, and accessed online. eSavings account requires a checking account with at least a direct deposit or 5 debit card purchases per month.
Variable account rates may change after account is opened.
All of our rates are subject to change without notice. The stated rates and APY are accurate as of the above effective date.
You must maintain a minimum balance of $10.00 in an account to earn the stated APY.
Account fees may reduce earnings. Please request further information from our staff concerning the fees and terms applicable to advertised accounts.
Please contact us for more detailed deposit insurance information.
Consumer Loan Rates
Personal Loans
| Term | Rate | APR | Payment Per Thousand |
|---|---|---|---|
| 5 Year * | 15.50% | 15.50% | 24.05 |
| w/ auto pay | 15.25% | 15.25% | 23.92 |
| 3 Year ** | 15.50% | 15.50% | 34.91 |
| w/ auto pay | 15.25% | 15.25% | 34.79 |
- Minimum Loan: $1,000
- Maximum Loan: $5,000 ***
- * 5 year term available only to existing customers with an account relationship of one year or more.
- ** 3 year term avaiable to existing customers or new customers.
- *** Maximum loan for new customers is $3,000.
New customer is defined as a depositor/borrower with an account relationship of one year or less.
Automobile Loans
New Auto: Years 2010 and 2009 with less than 15k miles
| Term | Rate | APR | Payment per Thousand |
|---|---|---|---|
| Up to 3 Years | 5.25% | 5.25% | 30.08 |
| w/ auto pay | 4.99% | 4.99% | 29.26 |
| More than 3 years | 5.99% | 5.99% | 19.32 |
| w/ auto pay | 5.74% | 5.74% | 19.21 |
- Minimum Loan: $1,000
- Maximum Loan: $50,000
- Minimum Term: 1 Year
- Maximum Term: 5 Years
- Maximum Laon 95% of NADA/Kelley Blue Book retail value
A new automobile is defined as a Model Year 2010 or 2009 vehicle with less than 15,000 miles
Used Auto: Years 2005 or newer
| Term | Rate | APR | Payment per Thousand |
|---|---|---|---|
| Up to 3 Years | 7.00% | 7.00% | 30.88 |
| w/ auto pay | 6.75% | 6.75% | 30.77 |
| More than 3 years | 7.50% | 7.50% | 24.18 |
| w/ auto pay | 7.25% | 7.25% | 24.07 |
- Minimum Loan: $1,000
- Maximum Loan: $30,000
- Minimum Term: 1 Year
- Maximum Term: 4 Years
- Maximum Loan 90% of NADA/Kelley Blue Book retail value
A used automobile is defined as a Model Year 2005 or newer vehicle with less than 100,000 miles
Home Equity Rates
Home Equity Line of Credit (HELOC)
| Term | Interest Rate | APR | Payment per Thousand |
|---|---|---|---|
| 10 Year draw / 10 Year repayment | 3.24% | 3.24% | N/A |
| Adjustable to prime after 12 months | 3.25% | 3.25% | N/A |
- Minimum Line: $10,000
- Maximum Line: $250,000
- Maximum LTV 80%
- Maximum APR 9.99%
- Floor Rate of 4.00%
- Closing costs paid by Bank
- Rate may change after consummation
- Appraisal required on all requests of $100,000 or more, or if the in-house value does not support the amount requested
Home Equity Loans
| Term | Interest Rate | APR | Payment per Thousand |
|---|---|---|---|
| 5 years | 5.500% | 5.500% | $19.11 |
| w/ auto pay | 5.250% | 5.250% | $18.99 |
| 10 years | 6.000% | 6.000% | $11.11 |
| w/ auto pay | 5.750% | 5.750% | $10.98 |
| 15 years | 6.250% | 6.250% | $8.58 |
| w/ auto pay | 6.000% | 6.000% | $8.44 |
| 20 years | 6.500% | 6.500% | $7.46 |
| w/ auto pay | 6.250% | 6.250% | $7.31 |
- Minimum Loan: $10,000
- Maximum Loan: $250,000
- Maximum LTV 80%
- Closing costs paid by Bank
- Appraisal required on all requests of $100,000 or more, or if the in-house value does not support the amount requested.
- Interest rate discounted with payments automatically withdrawn from Washing Savings Bank checking or savings account.
Mortgage Rates
Ask About Our NO points/ NO closing cost programs.
The following definitions apply to all mortgage loan programs:
APR refers to the Annual Percentage Rate of the loan as computed using a basis of a $100,000 loan, any prepaid finance charges, and a 20% down payment. A smaller down payment may change the APR. Rates are subject to change daily.
Special First Time Home Buyer Mortgage Products
30 Year Repayment Terms
| Type | Rate | Points | APR | Caps | Payment per Thousand |
|---|---|---|---|---|---|
| 7/1 ARM | 5.750% | 0.00 | 4.465% | 2.00 & 5.00 | $5.84 |
| Margin 2.75% | 5.500% | 1.00 | 4.413% | $5.68 | |
| 1 yr cmt | 6.625% | 0.00 | 5.307% | $6.40 |
- Must meet program guidelines
- All rates apply to purchase mortgages and refinance mortgages.
- APR's reflect loans with 20% down. Less than 20% down will require mortgage insurance.
40 Year Repayment Terms
| Type | Rate | Points | APR | Caps | Payment per Thousand |
|---|---|---|---|---|---|
| 10/30 ARM | 6.000% | 0.00 | 6.443% | 5.00 | $5.50 |
| Margin 2.50% | 5.750% | 1.00 | 6.380% | $5.33 | |
| 20 yr cmt | 6.750% | 0.00 | 6.862% | $6.03 |
- All rates apply to purchase mortgages and refinance mortgages.
- APR's reflect loans with 20% down. Less than 20% down will require mortgage insurance.
No Mortgage Insurance Product
30 Year Repayment Term
| Type | Rate | Points | APR | Caps | Payment per Thousand |
|---|---|---|---|---|---|
| 5/1 ARM (89% LTV) | 5.750% | 0.00 | 4.149% | 2.00 & 6.00 | $5.84 |
| Margin 2.75% | 5.500% | 1.00 | 4.126% | $5.68 | |
| 1 yr cmt | 6.625% | 0.00 | 4.972% | $6.40 |
- Must meet program guidelines
- All rates apply to purchase mortgages and refinance mortgages.
- APR's reflect loans with 20% down. Less than 20% down will require mortgage insurance.
Special Fixed Rate Mortgage Products
| Type | Rate | Points | APR | Payment per Thousand |
|---|---|---|---|---|
| 30 Year Fixed | 5.125% | 0.00 | 5.143% | $5.45 |
| 5.000% | 1.00 | 5.115% | $5.37 | |
| 4.750% | 2.00 | 4.944% | $5.22 | |
| 15 Year Fixed | 4.500% | 0.00 | 4.530% | $7.65 |
| NA | NA | NA | NA | |
| NA | NA | NA | NA |
Fixed Rate Portfolio Mortgage Products
| Type of Loan | Rate | Points | APR | Payment per Thousand |
|---|---|---|---|---|
| 30 Year | 6.125% | 0.00 | 6.154% | $6.08 |
| 5.875% | 1.00 | 5.997% | $5.92 | |
| 5.625% | 2.00 | 5.839% | $5.76 | |
| 6.875% | 0.00 | 6.885% | $6.57 | |
| 20 Year | 6.000% | 0.00 | 6.038% | $7.16 |
| 5.875% | 1.00 | 6.037% | $7.09 | |
| 5.625% | 2.00 | 5.911% | $6.95 | |
| 6.750% | 0.00 | 6.763% | $7.60 | |
| 15 Year | 5.750% | 0.00 | 5.797% | $8.30 |
| 5.500% | 1.00 | 5.702% | $8.17 | |
| 5.250% | 2.00 | 5.607% | $8.04 | |
| 6.500% | 0.00 | 6.516% | $8.71 | |
| 10 Year | 5.625% | 0.00 | 5.691% | $10.92 |
| 5.375% | 1.00 | 5.660% | $10.79 | |
| 5.125% | 2.00 | 5.631% | $10.67 | |
| 6.375% | 0.00 | 6.398% | $11.29 |
- No points / no closing costs available.
Discounted Adjustable Rate Mortgages Owner
30 Year Repayment Terms
| Type of Loan | Rate | Points | APR | Caps | Payment per Thousand |
|---|---|---|---|---|---|
| 3 Year ARM | 4.875% | 0.00 | 4.133% | 2.00 & 6.00 | $5.29 |
| Margin 2.50% | 4.625% | 1.00 | 4.159% | $5.14 | |
| 3 yr cmt | 5.625% | 0.00 | 4.295% | $5.76 | |
| 5/1 Year ARM | 5.375% | 0.00 | 3.982% | 2.00 & 6.00 | $5.60 |
| Margin 2.75% | 5.125% | 1.00 | 3.959% | $5.45 | |
| 1 yr cmt | 6.250% | 0.00 | 4.580% | $6.16 | |
| 7/1 Year ARM | 5.875% | 0.00 | 4.655% | 2.00 & 6.00 | $5.92 |
| Margin 3.00% | 5.500% | 1.00 | 4.532% | $5.68 | |
| 1 yr cmt | 6.750% | 0.00 | 5.324% | $6.49 | |
| 10/30 ARM | 6.125% | 0.00 | 6.309% | 6.00 | $5.59 |
| Margin 2.00% | 5.875% | 1.00 | 6.245% | $5.42 | |
| 20 yr cmt | 6.875% | 0.00 | 6.734% | $6.12 |
- No points / no closing costs available.
- All rates apply to purchase mortgages and refinance mortgages.
- APR's reflect loans with 20% down. Less than 20% down will require mortgage insurance.
Inquire about our Special 1 st Homebuyer Programs and our No Mortgage Insurance Program.
This information is provided to assist loan inquiries and is not an advertisement.
Inquire about our non-owner occupied and commercial real estate mortgages.
For more information contact Lorraine Ilsley at 978-265-0930 or Alzira Picardi at 978-569-1544 .
Washington Savings Bank, Member DIF, Member FDIC, Equal Housing Lender
Copyright © 2010. All Rights Reserved.