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Rates
Last Updated:
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| Deposit Products |
Interest Rate |
Minimum to Obtain APY |
Annual Percentage Yield |
| Traditional Money Market Accounts |
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$0 - $2,499 |
.25% |
$500 |
.25% |
$2,500 - $9,999 |
.50% |
$2500 |
.50% |
$10,000 - $49,999 |
.75% |
$10,000 |
.75% |
$50,000 or more |
1.00% |
$50,000 |
1.01% |
| Ultimate Money Market Accounts |
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$100,000 or more |
1.25% |
$100,000 |
1.26%* |
$50,000 - $99,999 |
1.00% |
$50,000 |
1.01%* |
$0 - $49,999 |
.25% |
$500 |
.25% |
| Easy Access Interest Checking Accounts |
.25% |
$500 |
.25% |
| Ultimate Online Savings Accounts** |
5.00% |
$5.00 |
5.00% |
| Maximum balance: $6,000 Term: One year |
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| Easy Access Savings |
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$0 - $9,999 |
.50% |
$10 |
.50% |
$10,000 - $49,999 |
.75% |
$10,000 |
.75% |
$50,000 & up |
.75% |
$50,000 |
.75% |
| Passbook Savings Accounts |
.50% |
$10 |
.50% |
| Christmas Club Accounts |
1.00% Simple Interest |
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| Effective Date:02/08/10 |
| **The Ultimate Online Savings Account must be opened through your existing Online Banking login. The funds must be transferred to the account from your RNB checking account on at least a monthly basis and stay on deposit until the one year anniversary date. The minimum monthly transfer is $5.00; the maximum transfer is $500 per month for 12 months. To receive the interest earned, the entire balance must stay on deposit until the one year anniversary date. You may stop the transfer at any time. Please see our Ultimate Online Savings Disclosure or contact a Customer Service Specialist for more details. This account offer may expire without notice. |
| *The Annual Percentage Yield (APY) is based on an average daily balance of $50,000 or more, or $100,000 or more. For balances less than $50,000.00 an APY of .25% applies. Certain transaction limits apply. Minimum deposit required for account opening is $50,000.00. |
| Please note that rates and programs are subject to change without notice. The rates listed except the Ultimate Online Savings Accounts and Certificates of Deposit are variable and may change after the account is opened. Please also note that fees may reduce earnings on an account. |
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| Certificates of Deposit** |
Interest Rates |
Minimum to Open *** |
Annual Percentage Yield |
| 182 Day |
1.00% Simple Interest |
$2500 |
1.00% |
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| 9 Month |
1.00% Simple Interest |
$2500 |
1.00% |
| 12 Month |
1.25%* |
$1000 |
1.26% |
| 15 Month |
1.25% |
$1000 |
1.26% |
| 2 Year |
1.75% |
$1000 |
1.76% |
| 3 Year |
2.50% |
$1000 |
2.53% |
| 4 Year |
2.75% |
$1000 |
2.79% |
| Effective Date: 02/08/10 |
| *Compounded Monthly |
***Minimum to Obtain APY |
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| **Please note that a penalty for early withdrawal may be imposed. Also, all account rates listed except CD's and the Ultimate Savings accounts are variable and may change after the account is opened. |
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| Loan Products |
Rates |
Maximum Term |
Annual Percentage Rate |
Payment per $1000 (assumes maximum term) |
Max. Loan to Value |
| EQUITY PLUS |
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| Revolving Line of Credit* |
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| $50,000 and over |
4.25%* |
10 year draw |
4.25% |
$10.25 |
80% |
| $10,000-$49,999 |
4.00%* |
10 year draw |
4.00% |
$10.13 |
80% |
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*Floor: 4.00% Cap:18.00% |
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| Fixed/Lock-In Portion** |
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| $10,000 or more |
5.50%** |
120 months |
5.50% |
$10.86 |
80% |
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| Automobile (New) |
6.49%*** |
48 mos. |
6.49% |
$23.71-$23.95 |
80% |
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7.49%*** |
60 mos. |
7.49% |
$20.03-$20.28 |
80% |
| Automobile (Used) |
9.00%*** |
48 mos. |
9.00% |
$24.88-$25.13 |
80% |
| Check Reserve |
15.00% |
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15.00% |
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| Personal Unsecured |
11.5% - 14%*** |
48 mos. |
11.5% - 14% |
$26.34-$27.58 |
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| Passbook/CD |
2% over Passbook/CD Rate |
- |
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| MasterCard* |
9.25% |
WSJ Prime+6 |
9.25% |
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| Current WSJ Prime |
3.25% |
- |
3.25% |
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| Effective Date: 02/08/10 |
| *The "Equity Plus" Revolving Line of Credit has a Variable Annual Percentage Rate (APR) equal to the Wall St. Journal Prime (WSJP) less .25% for lines of $50,000 or more. Lines less than $50,000 have a variable APR equal to the WSJP plus 1.00%. There is a .25% discount on the variable loan payment when it is deducted from a Rockport National Bank checking account, subject to a floor of 4.00%. The APR can change monthly after remaining fixed for 1 day. Minimum Payment Requirement: The amount of accrued finance charges plus 0.5000% of the principal balance outstanding on the last day of the billing cycle. The minimum monthly payments may not be sufficient to fully repay the principal balance that is outstanding on your Line of Credit at the end of 10 years. If they are not, you will then be required to pay the entire balance in a single payment. The payments shown are principal and interest only; they do not reflect taxes and hazard insurance. **For rate lock loans $10,000 or more, the Fixed Rate/Lock-In portion is equal to the WSJP less .75%, with a floor of 5.50%. A maximum of 5 rate locks are allowed. The first rate lock is free; each additional rate lock is $75.00. The loan to value ratio cannot exceed 80%. Eligible on 1-4 family owner-occupied residences only. Property insurance required. There is a penalty for early termination, defined as within 12 months. The rate/offer is subject to change without notice. Closing costs apply. The Equity Plus program is for new lines only. Existing RNB Rockline customers can switch to the new program by signing a Change of Terms & Conditions form and paying a $100.00 fee. The interest you pay may be tax deductible, so please contact your tax advisor.***The Installment rates shown reflect a .25% discount on the APR when it is deducted from a Rockport National Bank Checking account. Please see our Disclosures for additional information. Checking account holders not electing automatic charge and non-account holders will pay an additional .25% above the stated APR. |
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| Residential Mortgages |
Rate |
Points |
Max. Loan to Value |
Annual Percentage Rate |
Payment per $1000 |
| 1-4 family, Owner Occupied. 30 year fixed is based on secondary market rates. |
| Fixed Rate 30 year |
*5.250% |
0.00 |
80% |
5.320% |
$5.52** |
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*5.125% |
1.00 |
80% |
5.285% |
$5.44** |
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*4.875% |
2.00 |
80% |
5.123% |
$5.29** |
| Fixed Rate 15 year |
*5.125% |
0.00 |
80% |
5.139% |
$7.98** |
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*5.000% |
1.00 |
80% |
5.153% |
$7.91** |
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*4.875% |
2.00 |
80% |
5.182% |
$7.85** |
| Fixed Rate 10 year |
*4.750% |
0.00 |
70% |
4.769% |
$10.48** |
| Please visit http://rockportnational.mortgagewebcenter.com or contact one of our Mortgage Loan Officers at 978 546-3411 for rate quotes on our point options. |
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| Mass Housing First Time Homebuyer Program** (Income Restrictions Apply) |
| Fixed Rate 30 year |
5.375% |
0.00 |
97% |
5.375% |
$5.59* |
| Jumbo Mortgages - Please visit http://rockportnational.webcenter.com or call for details. |
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| Effective Date:02/08/10 |
| *Rates shown include a rate reduction of .25% for an automatic payment withdrawal from a Rockport National Bank checking account. The APR will vary based on the final loan amount and the finance charges. |
| **The payments shown are principal & interest only; they do not reflect taxes and hazard insurance. |
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| Please note that rates and programs are subject to change without notice. |
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| Adjustable Rate Mortgages |
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| Please visit http://rockportnational.mortgagewebcenter.com or contact one of our Mortgage Loan Officers at 978 546-3411 for rates, terms, and conditions. |
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| **Mass Housing First Time Homebuyer Program - A 60 day lock applies to the Annual Percentage Rate disclosed. For more information about the program, please call one of our Mortgage Loan Officers. |
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