| Account Type |
Minimum Balance to Open |
Interest Rates |
** APY |
| INTEREST CHECKING * Promotional Rate (First 90 Days) |
|
|
|
| Balances Up to $10,000 |
$0.00 |
1.98% |
2.00% |
| Balances Greater Than $10,000 |
$0.00 |
0.10% |
0.10% |
| Preferred Rate (After 90 Days) |
|
|
|
| Balances Up to $10,000 |
$0.00 |
0.75% |
0.75% |
| Balances Greater Than $10,000 |
$0.00 |
$0.10 |
$0.10 |
| Base Rate |
$0.00 |
0.049% |
0.05% |
| RELATIONSHIP CHECKING † Promotional Rate (First 90 Days) |
|
|
|
| Balances Up to $25,000 |
$0.00 |
2.96% |
3.00% |
| Balances of $25,000.01 to $100,000 |
0.00% |
0.10% |
0.10% |
| Balances Greater Than $100,000 |
$0.00 |
0.20% |
0.20% |
| Preferred Rate |
|
|
|
| Balances Up to $25,000 |
$0.00 |
1.00% |
1.00% |
| Balances of $25,000.01 to $100,000 |
$0.00 |
0.10% |
0.10% |
| Balances Greater Than $100,000 |
$0.00 |
0.20% |
0.20% |
| Base Rate |
$0.00 |
0.049% |
0.05% |
Effective Date: November 1, 2024
*The Promotional Rate will be paid for the first 90 days and the Preferred Rate after 90 days. Qualifications: 25 + debit card transactions in any combination of POS Signature or POS Pinned Transactions during the cycle period.
Rates on Checking Accounts may change after the account is opened. Fees may reduce earnings. If qualifications are not met during the cycle period interest rate paid on entire balance of account will be the base rate and base APY. See disclosures for more information on these accounts. **Annual Percentage Yield
See disclosures for more information on these accounts..
**Annual Percentage Yield
| Account Type |
Minimum Balance to Open |
Interest Rates |
* APY |
| TERM DEPOSIT CERTIFICATES |
|
|
|
| 3 Months |
$500.00 |
0.74% |
0.75% |
| 5 Month Special |
$500.00 |
3.87% |
4.00% |
| 6 Months |
$500.00 |
0.98% |
1.00% |
| 9 Months |
$500.00 |
3.54% |
3.65% |
| 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% |
| 24 Month Special |
$500.00 |
3.39% |
3.50% |
| 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% |
| 18 Months |
$500.00 |
1.08% |
1.10% |
| 24 Months |
$500.00 |
3.39% |
3.50% |
| 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: November 16, 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.
Withdrawal may reduce earnings.
One time bump-up is only available for the two (2) year certificate of deposit special.
| 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 |
0.10% |
0.10% |
| Balance $100,000 to $249,999.99 |
$100.00 |
0.25% |
0.25% |
| Balance $250,000 or greater |
$100.00 |
0.39% |
0.40% |
| MONEY MARKET DEPOSIT ACCOUNT |
|
|
|
| Balance $10 to $24,999.99 |
$100.00 |
0.10% |
0.10% |
| Balance $25,000 to $99,999.99 |
$100.00 |
0.20% |
0.20% |
| Balance $100,000 to $499,999.99 |
$100.00 |
0.50% |
0.50% |
| Balances $500,000 to $999,999.99 |
$100.00 |
1.49% |
1.50% |
| Balance $1,000,000 or greater |
$100.00 |
2.47% |
2.50% |
Effective Date: November 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 |
| 2025/2024/2023 |
|
|
|
|
|
| |
84 Months |
7.490% |
$15.33 |
6.990% |
$15.09 |
| |
72 Months |
7.000% |
$17.05 |
6.500% |
$16.81 |
| |
60 Months |
6.500% |
$19.57 |
6.000% |
$19.33 |
| |
48 Months |
6.250% |
$23.60 |
5.750% |
$23.37 |
| |
36 Months |
6.250% |
$30.54 |
5.750% |
$30.31 |
| 2022-2021 |
|
|
|
|
|
| |
60 Months |
7.500% |
$20.04 |
7.000% |
$19.80 |
| |
48 Months |
7.250% |
$24.06 |
6.750% |
$23.83 |
| |
36 Months |
7.000% |
$30.88 |
6.500% |
$30.65 |
| 2020 & Older |
|
|
|
|
|
| |
48 Months |
8.250% |
$24.53 |
7.750% |
$24.30 |
| |
36 Months |
8.000% |
$31.34 |
7.500% |
$31.11 |
Effective Date: November 1, 2024
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: November 19, 2024
*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 |
6.500% |
6.535% |
0 |
$6.32 |
| Up to 89% financing with no mortgage insurance required. |
Effective Date: November 19, 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% |
6.702% |
0 |
$11.35 |
| 15 Year Fixed |
6.875% |
7.023% |
0 |
$8.92 |
| 20 Year Fixed |
7.000% |
7.120% |
0 |
$7.75 |
| 30 Year Fixed |
7.250% |
7.345% |
0 |
$6.82 |
| JUMBO LOANS (Over $766,550) |
|
|
|
|
| 15 Year |
6.500% |
6.532% |
0 |
$8.71 |
| 30 Year |
6.750% |
6.770% |
0 |
$6.49 |
Effective Date: November 19, 2024
*APR = Annual Percentage Rate
Loans with loan to value greater than 80% require mortgage insurance. Taxes & insurance must be escrowed for all loans.
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% |
6.659% |
0 |
2% |
6% |
2.75% |
$6.32 |
| 5 Year |
6.625% |
6.692% |
0 |
2% |
6% |
2.75% |
$6.40 |
| 7/1 Year |
6.750% |
6.937% |
0 |
2% |
6% |
2.75% |
$6.49 |
| 10/1 Year |
6.500% |
6.773% |
0 |
2% |
6% |
2.75% |
$6.32 |
Effective Date: November 19, 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 |
6.625% |
6.625% |
0 |
$19.62 |
| 10 Year Fixed |
6.750% |
6.750% |
0 |
$11.48 |
| 15 Year Fixed |
6.875% |
6.875% |
0 |
$8.92 |
| 20 Year Fixed |
7.000% |
7.000% |
0 |
$7.75 |
| HOME EQUITY LINE OF CREDIT** |
Rate |
APR * |
Points |
Term |
| Home Equity Line of Credit |
8.000% |
8.000% |
N/A |
25 Years |
Effective Date: November 19, 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 fifteen-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.