| |
|
| Deposit
Rates |
| Effective Date:
May 7, 2008 (Rates Subject to Change Without
Notice) |
| Checking Accounts |
|
Account Type |
Annual Percentage
Yield* |
Minimum Deposit to
Open |
Minimum Balance to
Obtain APY |
|
Direct
Advantage Checking |
.10 |
$50.00 |
$10.00 |
|
Advantage
Bankingsm |
.10 |
$50.00 |
$10.00 |
|
Advantage Banking
Plus |
.10 |
$50.00 |
$10.00 |
|
50+ Interest
Checking |
.10 |
$50.00 |
$10.00 |
|
Wall Street
Checking |
.25 |
$50.00 |
$2,500.00 |
|
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|
| Savings Accounts
|
| Account
Type |
Annual Percentage
Yield* |
Minimum Deposit to
Open |
Minimum Balance to
Obtain APY |
|
Statement Savings
Account |
1.00 |
$10.00 |
$10.00 |
|
Passbook Savings
Account |
1.00 |
$10.00 |
$10.00 |
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| |
| Money Market Accounts |
| Account
Type |
Annual Percentage
Yield* |
Minimum Deposit to
Open |
Minimum Balance to
Obtain APY |
|
Money Market
Passbook |
1.25 |
$10.00 |
$10.00 |
| 1.50 |
$10.00 |
$2,500.00 |
|
Money Market
Statement |
1.25 |
$10.00 |
$10.00 |
|
1.50 |
$10.00 |
$2,500.00 |
|
Advantage
Money Market * |
1.25 |
$10.00 |
$10.00 |
|
1.50 |
$10.00 |
$2,500.00 |
|
2.00 |
$10.00 |
$10,000.00 |
|
2.50 |
$10.00 |
$75,000.00 |
|
* This account is only
available with
Advantage
Banking or
Advantage
Banking Plus Checking Accounts |
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| |
| Certificates of Deposit |
| Account
Type |
Annual Percentage
Yield* |
Minimum Deposit to
Open |
Minimum Balance to
Obtain APY |
|
3 Months |
2.50 |
$2,500.00 |
$10.00 |
|
6 Months |
2.75 |
$2,500.00 |
$10.00 |
|
12 Months |
2.75 |
$1,000.00 |
$10.00 |
|
18 Months |
2.75 |
$1,000.00 |
$10.00 |
|
24 Months |
3.00 |
$1,000.00 |
$10.00 |
|
36 Months |
3.00 |
$1,000.00 |
$10.00 |
|
48 Months |
3.00 |
$1,000.00 |
$10.00 |
|
60 Months |
3.00 |
$1,000.00 |
$10.00 |
|
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| Individual Retirement Accounts |
| Account
Type |
Annual Percentage
Yield* |
Minimum Deposit to
Open |
Minimum Balance to
Obtain APY |
|
3 Months |
2.50 |
$1,000.00 |
$10.00 |
|
6 Months |
2.75 |
$1,000.00 |
$10.00 |
|
12 Months |
2.75 |
$1,000.00 |
$10.00 |
|
18 Months |
2.75 |
$1,000.00 |
$10.00 |
|
24 Months |
3.00 |
$1,000.00 |
$10.00 |
|
36 Months |
3.00 |
$1,000.00 |
$10.00 |
|
48 Months |
3.00 |
$1,000.00 |
$10.00 |
|
60 Months |
3.00 |
$1,000.00 |
$10.00 |
|
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|
*The Annual Percentage Yield (APY) is
accurate as of the Effective Date listed above. Fees may
reduce earnings on an account. A substantial penalty may be
imposed for early withdrawal of term accounts. Certificates of
Deposit accounts and Individual Retirement Accounts earn a
fixed rate of interest until maturity. The rate on all other
accounts is variable and may change after the account is
opened. All deposits are insured in full by the FDIC up to
$100,000, up to $250,000 for retirement accounts, and by the DIF on amounts in excess of
FDIC coverage. |
|
|
|
| Loan
Rates |
| Effective Date:
May 7, 2008 (Rates Subject to Change Without
Notice) |
| Adjustable Rate Mortgages (ARM) |
| Account
Type |
Interest
Rate |
Annual
Percentage
Rate |
Points |
Caps
Per/Life |
Index |
Margin |
|
1 Year
ARM |
5.50 |
4.49 |
0 |
2/6 |
1.93 |
2.50 |
|
3 Year
ARM |
5.50 |
5.13 |
0 |
3/6 |
2.56 |
2.50 |
|
5 Year
ARM |
5.75 |
5.64 |
0 |
2/6 |
3.10 |
2.50 |
|
All Annual Percentage Rates (APRs) listed above are
based on a $100,000 mortgage and assume a 20% downpayment.
Financing is available up to 97% Loan-to-Value. Private Mortgage Insurance (PMI) required if the downpayment
is less than 20%. PMI may increase the APR. Rates on all ARM products may change after
consummation of the loan and may increase. Other terms and
limitations may apply.
South Adams Savings Bank is a participant in the Good
Samaritan Home Ownership Program sponsored through
Berkshire Housing Development Corporation. Please contact the
bank for more information. |
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| |
| Effective Date:
May 7, 2008 (Rates Subject to Change Without
Notice) |
| Fixed Rate Mortgages |
| Account
Type |
Interest
Rate |
Annual
Percentage Rate |
Points |
Number of
Monthly
Payments |
Monthly
Payment
per $1000 |
|
10 Year
|
5.50 |
5.50 |
0 |
120 |
10.85 |
|
15 Year |
5.75 |
5.75 |
0 |
180 |
8.30 |
|
30 Year
|
6.25 |
6.25 |
0 |
360 |
6.16 |
|
All Annual Percentage Rates (APRs) listed above are
based on a $100,000 mortgage, assume a 20% downpayment and
are for loans up to $417,000.00.
Financing is available up to 97% Loan-to-Value. Private Mortgage Insurance (PMI) required if the downpayment
is less than 20%. PMI may increase the APR. Other terms and limitations may
apply.
South Adams Savings Bank is a participant in the Good
Samaritan Home Ownership Program sponsored through Berkshire
Housing Development Corporation. Please contact the bank for
more information. |
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| |
| Effective Date:
May 7, 2008 (Rates Subject to Change Without
Notice) |
| Auto Loans |
| Account
Type |
Term Up
To |
Annual
Percentage
Rate (APR) |
Monthly
Payment
per $1000 |
| New
Autos |
|
New Auto |
36 Months |
6.00 |
30.42 |
|
New Auto |
48 Months |
6.00 |
23.49 |
|
New Auto |
60 Months |
6.00 |
19.33 |
| Used
Autos |
|
2005-2007 |
60 Months |
6.99 |
19.80 |
|
2002-2004 |
48 Months |
7.99 |
24.41 |
|
2001
+ |
36 Months |
9.99 |
32.26 |
|
All Annual Percentage Rates (APR's) listed above assume
a 20% down payment. Other terms and conditions exist, contact
the bank for more information.
Take one half percent off any new or used auto loan
rate by having your payment automatically withdrawn from a
South Adams Savings Bank checking account.
South Adams Savings Bank offers competitive rates on
all types of personal loans. Please contact the bank for more
information regarding available terms and
rates. |
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| |
| Effective Date:
May 7, 2008 (Rates Subject to Change Without
Notice) |
| Home Equity |
| |
Draw Period
Interest Rate |
Current Prime
Rate |
Draw Period Annual
Percentage |
Good For |
Repay Period
Interest Rate |
Repay Period Annual
Percentage |
|
Line of Credit |
Prime |
5.00 |
5.00 |
10 years |
Prime +
1.00 |
6.00 |
|
Rates
on the Home Equity Line of Credit product may change after
consummation of the loan and may increase. Required payments
during the draw period are interest only. Rates apply to owner
occupied 1 - 4 family residences. Other conditions apply,
contact the bank for more information. |
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