Ready to crunch some numbers?

Here are the latest rates and terms you need to determine your personal and business banking options. For municipal rates, contact 413-447-7304.


 

Account Type Minimum Balance to Open Interest Rates * APY
TERM DEPOSIT CERTIFICATES      
3 Months $500.00 0.74% 0.75%
6 Months $500.00 0.98% 1.00%
9 Months $500.00 3.875% 4.00%
12 Months $500.00 0.98% 1.00%
15 Months $500.00 0.98% 1.00%
18 Months $500.00 1.08% 1.10%
24 Months $500.00 1.23% 1.25%
30 Months $500.00 1.37% 1.40%
36 Months $500.00 1.95% 2.00%
48 Months $500.00 1.95% 2.00%
60 Months $500.00 1.95% 2.00%
Individual Retirement Account (IRA)      
12 Months $500.00 0.98% 1.00%
24 Months $500.00 1.23% 1.25%
36 Months $500.00 1.95% 2.00%
48 Months $500.00 1.95% 2.00%
60 Months $500.00 1.95% 2.00%
 

Effective Date: February 1, 2024

*Annual Percentage Yield

A $500.00 balance is necessary to earn the stated Annual Percentage Yield.

A penalty may be imposed for early withdrawal of certificate of deposit funds.

Fees may reduce earnings.

Deposit Rates may vary for non residents of Massachusetts.

Account Type Minimum Balance to Open Interest Rates * APY
SAVINGS      
Passbook $10.00 0.05% 0.05%
Statement $10.00 0.05% 0.05%
Children's $5.00 0.05% 0.05%
TIERED STATEMENT SAVINGS      
Balance $10 to $99,999.99 $100.00 0.15% 0.15%
Balance $100,000 to $249,999.99 $100.00 0.30% 0.30%
Balance $250,000 or Greater $100.00 0.49% 0.50%
MONEY MARKET DEPOSIT ACCOUNT      
Balance $10 to $2,499.99 $100.00 0.01% 0.01%
Balance $2,500 to $24,999.99 $100.00 0.05% 0.05%
Balance $25,000 to $99,999.99 $100.00 0.15% 0.15%
Balances $100,000 to $249,999.99 $100.00 0.30% 0.30%
Balance $250,000 or Greater $100.00 0.50% 0.50%
 

Effective Date: February 1, 2024

The minimum balance to obtain the Annual Percentage Yield on Savings and Now Accounts is $10.00 except for Tiered Statement Savings and Money Market Savings Accounts that require the minimum stated tier balance be maintained to obtain the associated Annual Percentage Yield and the Children's Savings Account which has no minimum balance to obtain the associated Annual Percentage Yield.

Rates on Savings & Now Accounts may change after the account is opened.

Fees may reduce earnings.

Deposit Rates may vary for non residents of Massachusetts.

*Annual Percentage Yield

Year Term APR Base Payments Per $1,000 APR * with Autopay from Checking Payments Per $1,000
2024/2023/2022          
  72 Months 6.500% $16.81 6.000% $16.57
  60 Months 6.250% $19.45 5.750% $19.22
  48 Months 6.000% $23.48 5.500% $23.26
  36 Months 5.750% $30.31 5.250% $30.08
2021-2020          
  60 Months 7.000% $19.80 6.500% $19.57
  48 Months 6.750% $23.83 6.250% $23.60
  36 Months 6.625% $30.71 6.125% $30.48
2019 & Older          
  48 Months 7.750% $24.30 7.250% $24.06
  36 Months 7.500% $31.11 7.000% $30.88
 

Effective Date: December 14, 2023

APR = Annual Percentage Rate

*Annual Percentage Rate from a Pittsfield Cooperative Bank checking account.

Up to 100% financing for qualified borrower.

Loan Type Max Term APR * Payments Per $1,000
PERSONAL LOAN      
Unsecured (up to $3,000) 36 Months 14.25% $34.30
Savings/CD Secured 60 Months 6%** $19.33
 

Effective Date: July 28, 2023

*APR = Annual Percentage Rate

**Or 3.00% above the APY of the account securing the loan, whichever is greater.

 

Loan Type Rates APR * Points Payments Per $1,000
FIRST-TIME HOMEBUYER        
30 Year Fixed 6.750% 6.801% 0 $6.49
Up to 89% financing with no mortgage insurance required.
 

Effective Date: February 16, 2024

*APR = Annual Percentage Rate

These are the current rates of interest and are subject to change without notice.

Payments do not include taxes or insurance. Your actual payment may be greater.

Please call the Loan Department at 413-447-7304 for additional terms.

Loan Type Rates APR * Points Payments Per $1,000
FIXED RATE MORTGAGE        
10 Year Fixed 6.500% 6.614% 0 $11.35
15 Year Fixed 6.625% 6.707% 0 $8.78
20 Year Fixed 6.750% 6.817% 0 $7.60
30 Year Fixed 6.875% 6.927% 0 $6.57
JUMBO LOANS (Over $766,550)        
15 Year 6.625% 6.650% 0 $8.78
30 Year 6.750% 6.766% 0 $6.49
 

Effective Date: February 16, 2024

*APR = Annual Percentage Rate

Loans with loan to value greater than 80% require mortgage insurance. Taxes & insurance must be escrowed for all loans.

2 family properties will be charged 1 point @ closing.

The maximum loan amount for 2 family properties is $929,850.00. Maximum loan to value is 80%.

These are the current rates of interest and are subject to change without notice.

Payments do not include taxes or insurance. Your actual payment may be greater.

Please call the Loan Department at 413-447-7304 for additional terms.

Loan Type Rates APR * Points Maximum Rate Increase Per Adjustment Period Lifetime Cap Margin Payments Per $1,000
ADJUSTABLE RATE MORTGAGE              
3 Year 6.500% 6.806% 0 2% 6% 2.75% $6.32
5 Year 6.750% 6.704% 0 2% 6% 2.75% $6.49
7/1 Year 7.000% 7.265% 0 2% 6% 2.75% $6.65
10/1 Year 6.750% 7.026% 0 2% 6% 2.75% $6.49
 

Effective Date: February 16, 2024

*APR = Annual Percentage Rate

The index used at rate adjustment is the corresponding 1-year, 3-year, or 5-year Treasury constant maturities.

APR based on a $100,000 mortgage for 30 years.

These are the current rates of interest and are subject to change without notice.

Payments do not include taxes or insurance. Your actual payment may be greater.

Please call the Loan Department at 413-447-7304 for additional terms.

Loan Type Rates APR * Points Payments Per $1,000
Home Equity Loans        
5 Year Fixed 6.250% 6.250% 0 $19.45
10 Year Fixed 6.750% 6.750% 0 $11.48
15 Year Fixed 7.000% 7.000% 0 $8.99
20 Year Fixed 7.250% 7.250% 0 $7.90
HOME EQUITY LINE OF CREDIT** Rate APR * Points Term
Home Equity Line of Credit 8.500% 8.500% N/A 15 Years
 

Effective Date: February 16, 2024

*APR = Annual Percentage Rate

Up to 80% financing for applicants with 1st mortgage at Pittsfield Cooperative Bank or no 1st mortgage. Up to 70% financing for applicants without a 1st mortgage at Pittsfield Cooperative Bank. Closing costs paid for by Pittsfield Cooperative Bank.

**No closing costs and no annual fees. The Annual percentage rate (APR) is variable and can change monthly to equal the Wall Street Journal Prime Rate. Maximum APR is 18%. A prepayment penalty of $500 will be assessed if credit line is closed and the mortgage discharged within 24 months from the date credit line is established. Ten-year draw period followed by a five-year repayment period. Homeowners insurance and flood insurance (if applicable) are required.These are the current rates of interest and are subject to change without notice.

Payments do not include taxes or insurance. Your actual payment may be greater.

Please call the Loan Department at 413-447-7304 for additional terms.