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Deposit Rates | Loan Rates
Deposit Rates
Effective Date: July 23, 2008
| Account Name |
Minimum
Deposit toOpen
|
Minimum
to Earn APY
|
Interest
Rate |
APY* |
| FREE ADVANTAGE CHECKING |
$25
|
$0-$25,000
Above $25,000
|
5.36%
1.00% |
5.51%†
1.01%† |
| Interest Checking Account |
$50
|
$10
|
.25% |
.25% |
| Relationship Checking Account |
$2,500
|
$10
$2,500
|
.50%
.75% |
.50%
.75% |
| Money Market Account |
$1,000
|
$10.00-$999.99
$1,000.00-$9,999.99
$10,000.00-$24,999.99
$25,000.00-$49,999.99
$50,000.00 and above
|
.49%
.99%
1.24%
1.39%
1.73% |
.50%
1.00%
1.25%
1.40%
1.75% |
Premier Money
Market Account*** |
$1,000
|
$10.00-$9,999.99
$10,000.00-$49,999.99
$50,000.00-$99,999.99
$100,000.00 and above
|
.25%
1.44%
1.98%
2.22%
|
.25%
1.45%
2.00%
2.25%
|
| Statement Savings Account |
$25
|
$25
|
.75% |
.75% |
| Club Account |
$1
|
$25
|
.75% |
.75% |
| Education Account |
$1
|
$25
|
.75% |
.75% |
FIXED RATE TERM CD'S AND IRA'S
| Account Name |
Minimum
Deposit**
|
Interest
Rate |
APY* |
| 15 Month SPECIAL |
$1,000
|
3.20%
|
3.25%
|
| 3 Month |
$1,000
|
2.47%
|
2.50%
|
| 6 Month |
$1,000
|
2.76%
|
2.80%
|
| 12 Month |
$1,000
|
2.95%
|
3.00%
|
| 24 Month |
$1,000
|
3.251%
|
3.30%
|
| 36 Month |
$1,000
|
3.30%
|
3.35%
|
| 48 Month |
$1,000
|
3.34%
|
3.40%
|
| 60 Month |
$1,000
|
3.44%
|
3.50%
|
*APY means Annual Percentage Yield. Rates subject to change without notice. Substantial penalty for early withdrawal. Assumes reinvestment of interest earned at the stated rate.
**IRA minimum deposit $500
*** Personal Accounts Only, requires MCB checking account.
† To earn APY, monthly requirements must be met. Click here to see our FREE ADVANTAGE CHECKING monthly requirements. (If the monthly requirements are not met, the account will earn 0.15% APY.)
- All deposits insured in full
- Early withdrawal penalty may be imposed on certificate of deposits
- Fees could reduce earnings
Loan Rates
Effective Date: July 23, 2008
MORTGAGE LOANS
- Single family homes, Maximum of $417,000, 20% Down
- Other terms available for 1 to 4 family owner-occupied residences
- APR's calculated on $100,000 loan with 80% LTV. Smaller down payments possible with P.M.I.
- 5/1 and 7/1 ARM Products: 2/5 Caps; 2.75 margin; 1 year Treasury Index
- 3/1 ARM Product: 2/6 Caps; 2.75 margin; 1 year Treasury Index
- For all adjustable rate products the rate may increase after consummation.
- Fixed rates and ARMs are servicing retained.
Product
Name |
Term
|
Interest
Rate |
APR* |
Points
|
Monthly Payment
per $1,000
|
| Fixed Rate |
40 Year
|
7.250%
|
Fixed 20
yrs then 1/1
ARM 7.282%
|
0
|
$6.40
|
| Fixed Rate |
30 Year
|
6.500%
6.625%
|
6.632%
6.660%
|
1
0
|
$6.32
$6.41
|
| Fixed Rate |
15 Year
|
6.000%
6.250%
|
6.221%
6.315%
|
1
0
|
$8.44
$8.58
|
| Fixed Rate |
10 Year
|
6.000%
6.125%
|
6.094%
6.216%
|
1
0
|
$11.11
$11.17
|
| 5/1 ARM |
30 Year
|
5.750%
5.875%
|
5.413%
5.371%
|
1
0
|
$5.84
$5.92
|
HOME EQUITY LOANS
- Rate: Wall Street Journal Prime 5.00% minus 1/2%, variable, for the life of the loan (currently 4.50%APR).
- Maximum loan $200,000 or 80% of assessed value or appraised value. Single family owner occupied residence.
- Payments of interest and .50% of the balance or $50 whichever is greater during the 10 year draw period. Interest plus 1/120 of the balance during the remaining 10 years.
- Rate will never exceed 14% APR.
- 20 year term.
- No fees in most cases.
AUTOMOBILE LOANS
Product
Name |
Year
|
APR* |
Maximum
Term |
Maximum
LTV |
Monthly Payment
Per $1,000
Maximum Term |
New
(5,000 miles or less) |
2008
or
2007 |
5.25%
5.49%
5.74%
|
36 months
48 months
60 months
|
0% down
0% down
0% down |
$30.09
$23.26
$19.22 |
| Used |
2007
2006 - 2007
2005 - 2007
2004
2003
2002
|
5.49%
5.74%
5.99%
6.24%
6.74%
7.24%
|
36 months
48 months
60 months
48 months
48 months
48 months
|
10% down
10% down
10% down
10% down
10% down
10% down
|
$30.20
$23.37
$19.33
$23.60
$23.83
$24.07
|
- Rates include 1/2% discount for automatic payments from a MCB deposit account and 1/2% discount with direct deposit into a MCB deposit account.
- Other terms available on vehicles with model years 2001 and older.
- Vehicles over 5000 miles classified as used.
*Annual Percentage Rate(APR)-the actual cost of credit to the borrower, including interest and certain other charges, expressed as a yearly rate and calculated over the life of the loan.
Marlborough Co-Operative Bank
Marlborough MA  Lowell MA Andover MA Kennebunk ME
Phone: 508-485-3000 Fax: 508-624-0603
Privacy Statement & Security |
Disclosures
 Equal Housing Lender | Member FDIC | Member SIF
©2008 Marlborough Co-Operative Bank
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