Cambridge Savings Bank

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We work hard to offer competitive rates on a broad range of products.


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Adjustable Rate Mortgages

Rates Effective as of: July 3, 2015

Purchase Transactions Rate With 20% Down Term Points Monthly Payment Per $1,000 Fully Indexed
Rate%
Term Monthly Payment Per $1,000 APR With
20% Down
5/1 Year ARM Purchase Jumbo From $417,001 up to $2,000,000*  2.750% 5 Years  0  $4.09  3.000%  25 Years  $4.20 2.955%
5/1 Year ARM Conforming up to $417,000** 3.000% 5 Years  0 $4.22 3.000% 25 Years $4.22 3.053%
5/1 Year ARM Jumbo From $517,501 up to $2,000,000** 3.375% 5 Years  0 $4.43 3.000% 25 Years $4.25 3.171%
7/1 Year ARM Conforming up to $417,000** 3.250% 7 Years  0 $4.36 3.000% 23 Years $4.14 3.171%
7/1 Year ARM Jumbo From $417,001 up to $2,000,000** 3.500% 7 Years  0 $4.50 3.000% 23 Years $4.17 3.277%
10/1 Year ARM Conforming up to $417,000** 3.500% 10 Years  0 $4.50 3.000% 20 Years $4.29 3.363%
10/1 Year ARM Jumbo From $417,001 up to $2,000,000** 3.875% 10 Years 0 $4.71 3.000% 20 Years $4.35 3.587%

 

Adjustable Rate Mortgage Disclosures

All rates subject to change without notice.

Subject to credit approval.

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

Adjustable rate programs are based on a 30 year term. The rate may increase after the initial period.

The fully-indexed rate is equal to a margin plus the current one-year T-Bill or Libor Rate. Please ask us about the current index and margin for these products.

*Available on owner occupied, purchase transactions only, FICO score 680 or greater for 60 days, 1 unit $417,001 up to $2,000,000 and 2 unit $533,851 up to $2,000,000. A $500 Administration Fee is required. Fees not spent (Appraisal fee, Credit Report Fee, etc are fees that could be spent) will be refunded to you. Additional fees and closing costs may apply. This rate and APR is not available for programs offering discounted closing costs.

**Rates above are based on a single family, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.

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Fixed Rate Mortgages

Rates Effective as of: July 3, 2015

Term Rate With
20% Down
Points APR With
20% Down
# of
monthly
payments
Monthly
Payment
Per $1,000
30 Year Fixed Rate Conforming up to $417,000 # 4.125% 0 4.161% 360 $4.85
20 Year Fixed Rate Conforming up to $417,000 # 3.750% 0 3.799% 240 $5.93
15 Year Fixed Rate Conforming up to $417,000 # 3.250% 0 3.313% 180 $7.03
10 Year Fixed Rate Conforming up to $417,000 # 3.125% 0 3.216% 120 $9.71
30 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 4.125% 0 4.144% 360 $4.85
20 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 4.125% 0 4.152% 240 $6.13
15 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 3.500% 0 3.534% 180 $7.15
10 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 3.375% 0 3.424% 120 $9.83

 

Fixed Rate Mortgage Disclosures

All rates subject to change without notice.

Subject to credit approval.

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

# Conforming Fixed rates above are based upon a loan amount of $417,000, 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.

## Jumbo Fixed rates above are based upon a loan amount of $517,501, 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.

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Home Equity Line Of Credit

Rates Effective as of: June 22, 2015

Type Of Loan Maximum Term Current Rate Current APR
Floor Rate
Primary Residence & Second Homes, New Customers *** 30 Years 1.990%* Prime* 1.990% Current APR for 12 months* 3.250% Current APR* 3.250%
Primary Residence & Second Homes, Existing Customers *** 30 Years Prime 3.250% 3.250%

 

Home Equity Line Of Credit Disclosures

All rates subject to change without notice.

Subject to credit approval.

*The rate and APR are fixed for the first twelve months. After the first twelve months, the rate and APR are variable rates for the remaining life of the loan based on the Prime Rate, with a floor rate of 3.25%. See below for further information on Prime rate. Minimum loan amount is $25,000. Maximum loan amounts are: $500,000 for a 1 unit, primary residence with an 80% max CLTV; $250,000 for a 2 unit, primary residence with an 80% max CLTV; $250,000 for a 3-4 unit, primary residence with a 75% max CLTV; and $250,000 for a 1 unit, second home with an 80% max CLTV. Call us for current rate & terms for properties listed for sale.

*** A New Customer is a customer without a current CSB HELOC or CSB HELOAN. An Existing Customer is a current CSB HELOC or CSB HELOAN.

 

General Home Equity Line of Credit (HELOC) Features:

APRs for Home Equity Lines of Credit are variable and are subject to change monthly based on the Wall Street Journal Prime Rate, which is currently 3.25%. The maximum rate is 18.00% APR. Minimum or “Floor” rates are noted above. The term is based on a 10 year draw period and a 20 year repayment period. Call us for additional conditions and current rate for properties currently listed for sale. An annual maintenance fee of $50.00 is charged on all lines of credit, unless you are a Premier or Performace Plus customer. If the property is in a trust a fee of $325 will apply. Property insurance required and Flood insurance may be required. A $360 early termination fee may apply if line is terminated within 12 months. A drive-by appraisal will be paid for at the bank’s expense. A full appraisal may be requested at the borrower’s expense. The option to convert a portion of your line to a fixed rate is available. Consult a tax advisor regarding tax deductibility of interest.

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Home Equity Loans

Rates Effective as of: June 22, 2015

Term Rate
%
APR # of
monthly
payments
*Monthly Payment
Per $1,000
Borrowed
60 Months, 80% CLTV – 2nd Lien 4.000% 4.000% 60 $18.42
120 Months, 80% CLTV – 2nd Lien 4.750% 4.750% 120 $10.48
180 Months, 80% CLTV – 2nd Lien 5.000% 5.000% 180 $7.91
240 Months, 80% CLTV – 2nd Lien 5.000% 5.000% 240 $6.60
360 Months, 80% CLTV – 2nd Lien 5.500% 5.500% 360 $5.68
60 Months, 85% CLTV – 2nd Lien 4.375% 4.375% 60 $18.59
120 Months, 85% CLTV – 2nd Lien 5.125% 5.125% 120 $10.67
180 Months, 85% CLTV – 2nd Lien 5.375% 5.375% 180 $8.10
240 Months, 85% CLTV – 2nd Lien 5.375% 5.375% 240 $6.81
360 Months, 85% CLTV – 2nd Lien 5.875% 5.875% 360 $5.92
60 Months, 80% CLTV – 1st Lien 3.000% 3.000% 60 $17.97
120 Months, 80% CLTV – 1st Lien 3.750% 3.750% 120 $10.01
180 Months, 80% CLTV – 1st Lien 4.000% 4.000% 180 $7.40
240 Months, 80% CLTV – 1st Lien 4.000% 4.000% 240 $6.06
360 Months, 80% CLTV – 1st Lien 4.500% 4.500% 360 $5.07

 

Home Equity Loan Disclosures

All rates subject to change without notice.

Subject to credit approval.

Primary residences and second home only.

*If an escrow account is required, then the actual monthly payment will include payments for real estate taxes.

General Home Equity Loan Features:

These rates and terms are available only for owner-occupied 1-4 family & Condominiums. Home Equity Loan minimum is $25,000. Maximum loan amounts are: $500,000 for 1 unit primary residence properties with an 85% max CLTV; $250,000 for 1 unit second homes and 2 unit primary residence with an 80% max CLTV; $250,000 for 3-4 unit primary residence with a 75% max CLTV. Property insurance required. Flood insurance and other fees may be required. If the property is held in a trust a fee of $325 will apply. Maximum CLTV based on a drive-by appraisal at the bank’s expense. A full appraisal may be requested at the borrowers expense.

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Home Improvement Loans

Rates Effective as of: June 22, 2015

Term Loan
Limits
Rate
%
APR # of
monthly
payments
Monthly Payment
Per $1,000
Borrowed
60 Months $10,000 9.500% 9.500% 60 $21.00
120 Months $10,000 11.000% 11.000% 120 $13.78

Home Improvement Loan Disclosures

All rates subject to change without notice.

Loans subject to credit approval.

Owner occupied properties only.

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Personal Loans

Rates Effective as of: June 22, 2015

Type Of Loan / Term Loan
Limits
Rate
%
APR # of
monthly
payments
Monthly Payment
Per $1,000
Borrowed
Unsecured Personal – 24 Months $1,500—$3,000 14.500% 14.500% 24 $48.25
Unsecured Personal – 36 Months $3,100—$5,000 14.500% 14.500% 36 $34.42
Secured Passbook*  100% Of Passbook Passbook Rate +4% 4.050% 12 $85.17
Secured CD*  100% Of CD CD Rate +4% 4.150% 12 $85.22

 

Personal Loans Disclosures

All rates subject to change without notice.

Loans subject to credit approval.

Applications accepted at branch locations only.

Unsecured loans and Secured Passbook and CD loans cannot be used for the purpose of post secondary educational expenses.

*APRs & payment terms assume a one year maturity & are based on passbook rate & lowest 1-year CD rate offered as of 6-22-2015. Please inquire about rates. Minimum loan amount is $2,500.

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Automobile Loans

Rates Effective as of: June 22, 2015

Term Loan
Limits
Rate
%
APR # of
monthly
payments
Monthly Payment
PER $1,000
Borrowed
New Auto Loans, 60 Months1 $50,000 6.250% 6.250% 60 $19.45
Used Auto Loans, 1—4 Year Old Vehicle
48 Months 1
$25,000 7.000% 7.000% 48 $23.95
Used Auto Loans, 5—7 Year Old Vehicle
36 Months 2
$10,000 7.500% 7.500% 36 $31.11

Automobile Loans Disclosures

All rates subject to change without notice.

Loans subject to credit approval.

New Auto loans are for dealer purchases only, no private party and no lease buy-outs.

Vehicles not in current NADA book will be considered on a Personal Loan.

1 90% maximum financing

2 80% maximum financing

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CD Rates

Rates Effective as of: July 2, 2015

Product Interest
Rate
APY1
59 Month Special* 1.98% 2.00%
17 Month Special*^ 1.24% 1.25%
5 Years 0.99% 0.99%
3 Years but less than 5 Years 0.55% 0.55%
2 Years but less than 3 Years 0.40% 0.40%
1 Year but less than 2 Years 0.15% 0.15%
6 Months but less than 1 Year 0.05% 0.05%
3 Months but less than 6 Months 0.05% 0.05%

 

CD Disclosures

1All rates are subject to change without notice. The Annual Percentage Yield (APY) assumes principal and interest would remain on deposit for at least one year. Early withdrawal penalties may be imposed. Withdrawals or fees may reduce earnings. Deposit Authorization Form replaces passbook or certificate for Retirement Accounts.

$1,000.00 minimum balance to open and earn APY; $500.00 for Retirement/IRA accounts

A daily balance of $10.00 is required in order to earn interest.

*17 Month CDs and 59 Month CDs- maximum amount of the deposit is $1,000,000.00. Limit one promotional account per household. You must either work in or be a resident of Massachusetts to take advantage of these Certificate of Deposit specials. See 17 Month Statement Certificate of Deposit Special Disclosure59 Month Statement Certificate of Deposit Special Disclosure for more information.

^Offer not available online.

For more information, please refer to our Fee Schedule and Truth-in-Savings Disclosure.

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Checking Account Rates

Rates Effective as of: July 2, 2015

Account Type Interest
Rate
APY1 Minimum
Deposit
to Open
Minimum
Daily Balance
To Earn
APY
Simple Checking N/A N/A $10.00 N/A
Performance Checking N/A N/A $25.00 N/A
Performance Plus Checking 0.05% 0.05% $50.00 $10.00

Checking Accounts Disclosures

1Annual Percentage Yield. Rates on the above accounts may change after the account is opened. Fees could reduce earnings on these accounts. All rates subject to change without notice.

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Savings Accounts Rates

Rates Effective as of: July 2, 2015

Product Interest
Rate
APY1 Minimum
Deposit to Open
Minimum Daily
Balance
To Earn
APY
Simple Savings 0.05% 0.05% $10.00 $10.00
Performance Money Market Account 0.05% 0.05% $25.00 $10.00—$9,999.99
0.10% 0.10% $25.00 $10,000.00—$29,999.99
0.15% 0.15% $25.00 $30,000.00—$49,999.99
0.20% 0.20% $25.00 $50,000.00 +
Bonus Tier2 0.75% 0.75% $25.00 $50,000.00 +

 

Savings Accounts Disclosures

1Annual Percentage Yield. Rates on the above accounts may change after the account is opened. Fees could reduce earnings on these accounts.

Transfers from statement savings accounts or money market accounts to another account or to third parties by preauthorized, automatic, telephone, facsimile, or computerized transfer are limited to six transfers per monthly statement cycle. Continued transfers/withdrawals exceeding these numbers will result in the permanent restriction of these transfers. (For Retirement money market accounts, you are not allowed any checks or drafts to third parties.)

2Bonus tier for customers with a Performance Plus Checking Account.