About Us Locations Rates Contact Us Help Center Search ONLINE BANKING LOGIN BUSINESS PERSONAL HOME / RATES Rates Scroll down to view rates on our deposit and loan products. We offer a competitive return on our savings and CDs, and we’re committed to maintaining affordable loan rates for both our personal and business clients. DISCOVER THE DIFFERENCE Experience the difference of working with a local mutual bank. Our expert bankers and lenders will be happy to discuss all of your banking and financing questions. MEET YOUR TEAM PERSONAL DEPOSIT RATES (UPDATED 12/02/21) SAVINGS PRODUCT MINIMUM BALANCE TO OPEN MINIMUM BALANCE TO EARN APY ANNUAL PERCENTAGE YIELD (APY) Statement Savings $10 $10 0.10% Personal Money Market $2,500 $10 - $2,499 0.05% $2,500 - $9,999 0.05% $10,000 - $24,999 0.10% $25,000 - $49,999 0.10% $50,000 - $99,999 0.15% $100,000 or more 0.20% Passbook Savings $10 $10 0.10% Holiday Club $5 $10 0.10% Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening. CERTIFICATES OF DEPOSIT (CDS) IRA CERTIFICATES OF DEPOSIT CHECKING MORTGAGE RATES (UPDATED 12/01/21) FIXED-RATE MORTGAGES PRODUCT TOTAL TERM INTEREST RATE POINTS ANNUAL PERCENTAGE RATE (APR) MONTHLY PAYMENT PER $1,000 BORROWED 30-Year Fixed, conforming (loans up to $548,250) 360 months 3.250% 0 3.346% $4.35 30-Year Fixed, jumbo (loans between $548,251 and $1,000,000) 360 months 3.375% 0 3.407% $4.42 15-Year Fixed, conforming (loans up to $548,250) 180 months 2.500% 0 2.666% $6.67 Rates shown are for single-family, owner-occupied, primary residence purchases, and are subject to change at any time. Rates for refinances may be different. Monthly payment per $1,000 borrowed assumes a FICO score of 740; a 20% down payment; a loan amount of $300,000 (conforming loans) or $750,000 (jumbo loans); and includes principal and interest only. Payments do not include taxes, insurance, and, if applicable, estimated mortgage insurance or homeowners' association dues. Your actual payment will be greater. All loans subject to credit approval. Additional products, rates and terms are available. Apply online or you can request a free, customized rate quote today. Have questions? A Bank of Canton mortgage lender will be happy to help. MASSHOUSING MORTGAGES HOME EQUITY AND PERSONAL LOAN RATES (UPDATED 12/01/21) HOME EQUITIES PRODUCT TOTAL TERM ANNUAL PERCENTAGE RATE (APR) WITH AUTOPAY DISCOUNT APR WITHOUT AUTOPAY DISCOUNT MONTHLY PAYMENT PER $1,000 Home Equity Line of Credit (HELOC), Standard 20 Years 4.50%1,2 4.50% N/A Home Equity Line of Credit (HELOC), Rate-Capped 20 Years 4.50%1,3 4.50% N/A Home Equity Loan1,4 5 Years N/A 4.50% $18.64 10 Years N/A 5.75% $10.98 15 Years N/A 6.125% $8.51 20 Years N/A 6.75% $7.60 1 - All loans subject to credit approval. Rates and terms subject to change without notice. Property insurance required. Flood insurance may be required. Consult tax advisor regarding deductibility of interest. Other rates, terms and programs available. For lines of credit, Annual Percentage Rate (APR) is variable monthly based on the Prime Rate published in the Wall Street Journal on the 4th day of each calendar month (or, if the 4th day is not a business day, as published on the prior business day), effective the 5th day of the month. Prime Rate as of 11/4/21 is 3.25%. If more than one Prime Rate is published, the higher rate shall be used. For lines of credit, establishing automatic monthly payment deduction from a Bank of Canton consumer checking or savings account ("autopay") at time of loan origination is required to receive 0.50% APR discount. If the account is closed or if autopay ceases, the APR could increase. 2 - For Standard HELOCs, APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 70%. Maximum line amount is $300,000. 3 - For Rate-Capped HELOCs, APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR for first five years is 6.00% with autopay, and 6.50% without autopay. After five years, maximum APR becomes 18%. 1-4 family owner-occupied homes in MA not held in trust are eligible. Maximum loan-to-value is 70%. Maximum line amount is $350,000. 4 - For home equity loans, APR is fixed. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 70%. Maximum loan amount is $300,000. Payments reflected above do not include amounts for tax and insurance premiums, if applicable, and the actual payment may be greater. OTHER PERSONAL LOANS & LINES BUSINESS DEPOSIT RATES (UPDATED 12/01/21) BUSINESS SAVINGS PRODUCT MINIMUM BALANCE TO OPEN MINIMUM BALANCE TO EARN APY ANNUAL PERCENTAGE YIELD (APY) Business Savings $10 $10 0.10% Business Money Market $2,500 $2,500 - $9,999 0.05% $10,000 - $24,999 0.10% $25,000 - $49,999 0.10% $50,000 - $99,999 0.15% $100,000 or more 0.20% Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening. BUSINESS LOAN RATES (UPDATED 12/01/21) BUSINESS & COMMERCIAL LOANS PRODUCT RATE Business & Commercial Loans We customize rates and terms to suit our clients' needs. Have a conversation with our Senior Lender Michael Lindberg about your business goals, and learn about the range of credit options available at Bank of Canton. 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