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North Cambridge Co-Operative Bank

Current Rates

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Checking Account Rates

Effective Date: Thursday, November 21, 2024

Checking Account Rates (Rate Table)
TermsInterest RateAPY* 
NOW Checking0.03%0.03%How to Open
Basic Checking0.00%0.00%How to Open

*Annual Percentage Yield (APY) is based on interest compounding monthly.
Rates are subject to change without notice.
The rates may change after the account is opened.
The minimum balance to open a NOW Checking account is $100.00.
The minimum balance to open a Basic Checking account is $10.00.
You must maintain a minimum daily balance of $10.00 to obtain the stated APY on a NOW Checking.
Fees may reduce earnings on accounts - ask for details.

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Savings Account Rates

Effective Date: Thursday, November 21, 2024

Savings Account Rates (Rate Table)
TermInterest RateAPY* 
Passbook Savings0.05%0.05%How to Open
Statement Savings 0.05%0.05%How to Open
Christmas Club0.05%0.05%How to Open

*Annual Percentage Yield (APY) is based on interest compounding monthly.
Rates are subject to change without notice.
The rates may change after the account is opened.
$10.00 minimum balance to open and obtain the stated APY.
Fees may reduce earnings on accounts - ask for details.

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Money Market Rates

Effective Date: Thursday, November 21, 2024

Money Market Rates (Rate Table)
ItemInterest RateAPY* 
Money Market Deposit Account   
$2,500.00 or more0.10%0.10%How to Open
$10.00 but less than $2,500.000.03%0.03%How to Open
Tiered Rate Money Market   
$10,000.00 or more0.20%0.20%How to Open
$2,500.00 but less than $10,000.000.10%0.10%How to Open
$10.00 but less than $2,500.000.03%0.03%How to Open

*Annual Percentage Yield (APY) is based on interest compounding monthly.
Rates are subject to change without notice.
The rates may change after the account is opened.
The minimum balance to open a Money Market account is $2,500.00.
The minimum balance to open a Tiered Rate Money Market account is $10,000.00.
You must maintain a minimum daily balance shown above to obtain the stated APY on any account
Fees may reduce earnings on accounts - ask for details.

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Certificates of Deposit and Retirement Account Rates

Effective Date: Thursday, November 21, 2024

Certificates of Deposit and Retirement Account Rates (Rate Table)
TermInterest RateAPY
6 Month CD.30%.30%**How To Open
1 Year CD2.47%2.50%*How To Open
2 Year CD1.98%2.00%*How To Open
3 Year CD2.47%2.50%*How To Open
5 Year CD2.96%3.00%*How To Open

*Annual Percentage Yield (APY) is based on interest compounding monthly.
**Annual Percentage Yield (APY) based on simple interest.
Rates are subject to change without notice.
$1,000.00 CD minimum balance to open and obtain the stated APY.
$500.00 Retirement Account minimum balance to open and obtain the stated APY.
APY assumes principal and interest remain on deposit for at least one year.
Penalty may be imposed for early withdrawals.
Personal Funds Only. Product offer may be withdrawn at anytime.

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Fixed Mortgage Rates

Effective Date: Thursday, November 21, 2024

Fixed Mortgage Rates (Rate Table)
TypeInterest RateAPR*Monthly Payments Per $1,000 Borrowed 
30 Year Fixed Rate6.875%6.885%$6.57How To Apply
20 Year Fixed Rate6.875%6.889%$7.68How To Apply
15 Year Fixed Rate6.375%6.392%$8.64How To Apply
10 Year Fixed Rate6.375%6.399%$11.29How To Apply

Payments shown do not include taxes or insurance. Your monthly payment will be greater.
*Annual Percentage Rate (APR)
Rates are subject to change without notice.
Rate and Annual Percentage Rate (APR) are based on 20% down payment.
APR includes flood certification fee, tax service fee and copy of tax return fee.
Any borrower obtaining a loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner's/flood insurance.
Subject to credit approval.
Ask a Mortgage Loan Officer for details as they apply to you.
Available on conforming owner-occupied loan amounts for a single family is $647,200, 2-family is $828,700, 3-family is $1,001,650, 4-family is $1,244,850.

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Adjustable Rate Mortgage Rates

Effective Date: Thursday, November 21, 2024

Adjustable Rate Mortgage Rates (Rate Table)
TypeInterest Rate# Monthly PaymentsPointsMonthly Payment Per $1,000Fully Indexed Rate %# of Monthly PaymentsMonthly Payment Per $1,000APR* 
1 Year Adjustable6.375%120.000%$6.247.125%348$6.737.06%How To Apply
3 Year Adjustable6.375%360.000%$6.247.000%324$6.636.85%How To Apply
3/1 Year Adjustable6.375%360.000%$6.247.000%324$6.636.85%How To Apply
5/1 Year Adjustable6.375%600.000%$6.247.000%300$6.616.76%How To Apply
7/1 Year Adjustable6.375%840.000%$6.247.000%276$6.596.69%How To Apply

Payments shown do not include taxes or insurance. Your monthly payment will be greater.
*Annual Percentage Rate (APR)
Rates are subject to change without notice.
APR may increase after closing.
Rate and Annual Percentage Rate (APR) are based on 20% down payment.
APR includes flood certification fee, tax service fee and copy of tax return fee.
Any borrower obtaining a loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner's/flood insurance.
Subject to credit approval.
Ask a Mortgage Loan Officer for details as they apply to you.
Based on a 30 year term.
Available on conforming owner-occupied loan amounts for a single family is $647,200, 2-family is $828,700, 3-family is $1,001,650, 4-family is $1,244,850.

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Home Equity Line of Credit

Effective Date: Thursday, November 21, 2024

Home Equity Line of Credit (Rate Table)
TypeInterest RateAPR* 
Home Equity Line of Credit 7.75%7.75%How To Apply

*Annual Percentage Rate (APR)
Rate and Annual Percentage Rate (APR) are available on owner-occupied 1-4 family homes and condominiums.
Homeowner's insurance is required on the home securing the line. Flood Insurance may be required.
Consult your tax advisor regarding the deductibility of interest paid.
80% maximum CLTV. Appraisal is required at borrowers expense, at a fee of $475.00 - $600.00.
Subject to credit approval.
Term is based on 10 year draw period followed by a 15 year repayment schedule.
APRs for Home Equity Lines of Credit are variable and are subject to change monthly. Rates are based on the Wall Street Journal Prime Rate (currently 7.75%).
Maximum APR is 18%.
Please call for additional loan details.

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Fixed Rate Home Equity Loan

Effective Date: Thursday, November 21, 2024

Fixed Rate Home Equity Loan (Rate Table)
TypeInterest RateAPR*Monthly Payments Per $1,000 Borrowed 
5 years6.500%6.509%$19.57How To Apply
10 years6.750%6.755%$11.48How To Apply
15 years7.000%7.004%$8.99How To Apply

Payments shown do not include taxes or insurance. Your monthly payment may be greater.
*Annual Percentage Rate (APR)
Rate and Annual Percentage Rate (APR) are available on owner-occupied 1-4 family homes and condominiums.
North Cambridge Co-operative Bank lien must be in second position for these loan terms.
Homeowner's insurance is required on the home securing the loan. Flood insurance may be required.
Consult your tax advisor regarding the deductibility of interest paid.
80% maximum CLTV. Appraisal is required at borrowers expense.
Subject to credit approval.
Please call for additional loan details.

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Auto Loan Rates

Effective Date: Thursday, November 21, 2024

Auto Loan Rates (Rate Table)
TypeInterest RateAPR*Monthly Payments Per $1,000 Borrowed 
New Automobile 16.25%6.25%$19.45How To Apply
Used Auto 1-2 Years Old 27.00%7.00%$23.95How To Apply
Used Auto 3-8 Years Old 37.50%7.50%$31.11How To Apply

*Annual Percentage Rate (APR)
1 10% down payment required. $35,000.00 maximum loan. 5 year maximum loan term.
2 20% down payment required. $30,000.00 maximum loan. 4 year maximum term.
3 20% down payment required. $30,000.00 maximum loan. 3 year maximum loan term.
Please call for additional loan details.
All rates subject to change without notice.

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Personal Loan Rates

Effective Date: Thursday, November 21, 2024

Personal Loan Rates (Rate Table)
TypeInterest RateAPR*Monthly Payments Per $1,000 Borrowed 
Unsecured Personal Loan 19.75%9.75%$32.15How To Apply
Passbook Loan 2Deposit Rate + 3%Deposit Rate + 3% How To Apply

*Annual Percentage Rate (APR)
1 $5,000.00 maximum loan. 3 year maximum loan term.
2 Up to 90% of secured amount in passbook. Principal payback determined by customer. Interest billed monthly.
2 The APR may increase after consummation if the rate paid on the account being held as collateral increases.
Please call for additional loan details.

Home Equity Line of Credit

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