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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.

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Personal Deposit Rates (Updated 12/12/18)

ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.
Statement Savings$10$100.15%
Personal Money Market$2,500$10 - $2,4990.05%
$2,500 - $9,9990.05%
$10,000 - $24,9990.10%
$25,000 - $49,9990.15%
$50,000 - $99,9990.30%
$100,000 or more0.35%
Passbook Savings$10$100.15%
Holiday Club$5$100.15%
ProductMinimum Balance to Open and Earn APYAnnual Percentage Yield (APY)
Interest is compounded monthly for 91 Day CD and 6 Month CD, and compounded daily for 1, 2, and 3 Year CDs. A penalty may be imposed for early withdrawal.
91 Day CD$2,5000.30%
6 Month CD$2,5000.40%
1 Year CD$1,0000.75%
2 Year CD$1,0001.77%
3 Year CD$1,0002.28%
ProductMinimum Balance to Open and Earn APYAnnual Percentage Yield (APY)
Interest is compounded daily. A penalty may be imposed for early withdrawal.
1 Year IRA$5000.75%
2 Year IRA$5001.77%
3 Year IRA$5002.28%
ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.
Free Checking with Interest$10$1,000 - $1,9990.05%
$2,000 or more0.05%

Mortgage Rates (Updated 12/14/18)

ProductTotal TermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed
Rates shown are for single-family, owner-occupied, primary residences, and are subject to change at any time. 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.
For additional products, rates and terms – including current rate quotes and free prequalification – contact a Bank of Canton mortgage lender.
30-Year Fixed, conforming (loans up to $453,100)360 months4.625%04.698%$5.14
30-Year Fixed, jumbo (loans between $453,101 and $1,000,000)360 months4.500%04.538%$5.07
15-Year Fixed, conforming (loans up to $453,100)180 months4.000%04.122%$7.40
ProductTotal TermInterest Rate, Initial TermInterest Rate, Fully IndexedPointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed1
Rates shown are for single-family, owner-occupied, primary residences, and are subject to change at any time. Monthly payment per $1,000 borrowed assumes a FICO score of 740; a 20% down payment; a loan amount of $300,000; 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. Interest rates are variable and may change after the initial period; payment may increase at that time and annually thereafter. Adjustable rates are based on an index plus a margin. Rate adjustments are capped at 2% per adjustment and 6% for the life of the loan. Adjustable rate, APR and payment examples above are estimates based on the current index; your actual adjusted rate, APR and payments may increase after consummation. All loans subject to credit approval.
1Monthly payment per $1,000 borrowed after initial payment period assumes fully indexed rate; actual payment could be higher.
For additional products, rates and terms – including current rate quotes and free prequalification – contact a Bank of Canton mortgage lender.
5/1 ARM, conforming (loans up to $453,100)360 months3.875%5.500%04.970%60 months at $4.70
300 months at $6.14
7/1 ARM, conforming (loans up to $453,100)360 months4.125%5.500%04.904%84 months at $4.85
276 months at $6.39
ProductTotal TermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed
Available only to MassHousing-eligible borrowers. Eligibility subject to income limits and loan limits. Rates shown are for single-family & condominium, owner-occupied, primary residences, and are subject to change at any time. Rates and monthly payment per $1,000 borrowed assume a FICO score of 680; a 3.0% down payment; a loan amount of $300,000; and include principal and interest only. Monthly payment does not include taxes, insurance, and, if applicable, estimated mortgage insurance or homeowners' association dues. Your actual payment will be greater. MassHousing maximum loan amount is $453,100. MassHousing loans require mortgage insurance and 3.0% minimum down payment. Completion of a homebuyer education course may be required. All loans subject to credit approval.
For additional products, rates and terms – including current rate quotes and free prequalification – contact a Bank of Canton mortgage lender.
30-Year Fixed MassHousing Loan (3.0% down)360 months5.000%05.509%$5.37
ProductTotal TermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed
Available only to FHA-eligible borrowers. Rates shown are for single-family & condominium, owner-occupied, primary residences, and are subject to change at any time. Rates and monthly payment per $1,000 borrowed assume a FICO score of 640; a 3.5% down payment; a loan amount of $300,000; and include principal, interest, and an upfront mortgage insurance premium of 1.75%. Monthly payment does not include taxes, insurance, and, if applicable, estimated mortgage insurance or homeowners' association dues. Your actual payment will be greater. FHA maximum loan amount determined by property location. FHA loans require mortgage insurance and 3.5% minimum down payment. All loans subject to credit approval.

For additional products, rates and terms – including current rate quotes and free prequalification – contact a Bank of Canton mortgage lender.
30-Year Fixed FHA Loan360 months4.375%05.146%$4.99

Home Equity and Personal Loan Rates (Updated 12/12/18)

ProductTermAnnual Percentage Rate (APR)Monthly Payment Per $1,000
Rates and terms subject to change without notice. *Annual Percentage Rate (APR) will be as low as Prime minus 0.50% with automatic deduction from a Bank of Canton account and Prime without automatic deduction. APR will never be lower than 4.50%. Prime Rate as of 11/30/18 is 5.25%. APR is variable monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the month, effective the first day of the following month. Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA. Maximum loan-to-value of 80%. Property insurance required. Flood insurance may be required. A one time Insurance Tracking Fee of $95 will be imposed on Home Equity Loans and Lines greater than $250,000. Consult tax advisor regarding deductibility of interest. Other rates, terms and programs available. Maximum lines and loans of $300,000. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment may be greater.
Home Equity Line20 Years5.25%*
Home Equity Loan5 Years4.50%$18.64
10 Years5.75%$10.98
15 Years6.125%$8.51
20 Years6.75%$7.60
ProductTermAnnual Percentage Rate (APR)Monthly Payment Per $1,000
Rates and terms subject to change without notice. Installment loans are restricted to MA residents. Loans are subject to credit approval. Saver Loan rates are variable and may increase after consummation.
Personal Loans48 Months12.00%$26.33
Auto - New24 Months4.00%$43.42
36 Months4.00%$29.52
48 Months4.00%$22.58
60 Months4.50%$18.64
Auto - Used48 Months5.00%$23.03
Overdraft Protection (Advance Account)Revolving16.00%N/A
Saver LoansRevolving2.50% plus collateral rateN/A

Business Deposit Rates (Updated 12/12/18)

ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.
Business Savings$10$100.15%
Business Money Market $2,500$2,500 - $9,9990.05%
$10,000 - $24,9990.10%
$25,000 - $49,9990.15%
$50,000 - $99,9990.30%
$100,000 or more0.35%

Business Loan Rates (Updated 12/12/18)

ProductRate
Business & Commercial LoansWe 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.