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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 12/02/21)

ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Statement Savings$10$100.10%
Personal Money Market$2,500$10 - $2,4990.05%
$2,500 - $9,9990.05%
$10,000 - $24,9990.10%
$25,000 - $49,9990.10%
$50,000 - $99,9990.15%
$100,000 or more0.20%
Passbook Savings$10$100.10%
Holiday Club$5$100.10%
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.
ProductMinimum Balance to Open and Earn APYAnnual Percentage Yield (APY)
91 Day CD$2,5000.20%
6 Month CD$2,5000.25%
1 Year CD$1,0000.35%
2 Year CD$1,0000.50%
3 Year CD$1,0000.60%
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.
ProductMinimum Balance to Open and Earn APYAnnual Percentage Yield (APY)
1 Year IRA$5000.35%
2 Year IRA$5000.50%
3 Year IRA$5000.60%
Interest is compounded daily. A penalty may be imposed for early withdrawal.
ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Free Checking with Interest$10$1,000 - $1,9990.05%
$2,000 or more0.05%
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.

Mortgage Rates (Updated 12/01/21)

ProductTotal TermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed
30-Year Fixed, conforming (loans up to $548,250)360 months3.250%03.346%$4.35
30-Year Fixed, jumbo (loans between $548,251 and $1,000,000)360 months3.375%03.407%$4.42
15-Year Fixed, conforming (loans up to $548,250)180 months2.500%02.666%$6.67
Rates shown are for single-family, owner-occupied, primary residence purchases, and are subject to change at any time. Rates for refinances may be different. 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. Additional products, rates and terms are available.
Apply online or you can request a free, customized rate quote today. Have questions? A Bank of Canton mortgage lender will be happy to help.
ProductTotal TermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment Per $1,000 Borrowed
30-Year Fixed MassHousing Loan for first-time homebuyer (3.0% down)360 months3.375%03.737%$4.42
Available only to MassHousing-eligible borrowers. Eligibility subject to income limits and loan limits. Rates shown are for single-family & condominium, owner-occupied, primary residence purchases, and are subject to change at any time. Rates for refinances may be different. 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 $548,250. 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. Additional products, rates and terms are available. First-time homebuyer rate available to borrowers who have not held an ownership interest in a principal residence in the last three years. Non-first-time homebuyer rate also available upon request.
Apply online or you can request a free, customized rate quote today. Have questions? A Bank of Canton mortgage lender will be happy to help.

Home Equity and Personal Loan Rates (Updated 12/01/21)

ProductTotal TermAnnual Percentage Rate (APR)
with Autopay Discount
APR
without Autopay Discount
Monthly Payment Per $1,000
Home Equity Line of Credit (HELOC), Standard20 Years4.50%1,24.50%N/A
Home Equity Line of Credit (HELOC), Rate-Capped20 Years4.50%1,34.50%N/A
Home Equity Loan1,45 YearsN/A4.50%$18.64
10 YearsN/A5.75%$10.98
15 YearsN/A6.125%$8.51
20 YearsN/A6.75%$7.60
1 - All loans subject to credit approval. Rates and terms subject to change without notice. Property insurance required. Flood insurance may be required. Consult tax advisor regarding deductibility of interest. Other rates, terms and programs available. For lines of credit, Annual Percentage Rate (APR) is variable monthly based on the Prime Rate published in the Wall Street Journal on the 4th day of each calendar month (or, if the 4th day is not a business day, as published on the prior business day), effective the 5th day of the month. Prime Rate as of 11/4/21 is 3.25%. If more than one Prime Rate is published, the higher rate shall be used. For lines of credit, establishing automatic monthly payment deduction from a Bank of Canton consumer checking or savings account ("autopay") at time of loan origination is required to receive 0.50% APR discount. If the account is closed or if autopay ceases, the APR could increase.
2 - For Standard HELOCs, APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 70%. Maximum line amount is $300,000.
3 - For Rate-Capped HELOCs, APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR for first five years is 6.00% with autopay, and 6.50% without autopay. After five years, maximum APR becomes 18%. 1-4 family owner-occupied homes in MA not held in trust are eligible. Maximum loan-to-value is 70%. Maximum line amount is $350,000.
4 - For home equity loans, APR is fixed. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 70%. Maximum loan amount is $300,000. Payments reflected above do not include amounts for tax and insurance premiums, if applicable, and the actual payment may be greater.
ProductTermAnnual Percentage Rate (APR)Monthly Payment Per $1,000
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
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.

Business Deposit Rates (Updated 12/01/21)

ProductMinimum Balance to OpenMinimum Balance to Earn APYAnnual Percentage Yield (APY)
Business Savings$10$100.10%
Business Money Market $2,500$2,500 - $9,9990.05%
$10,000 - $24,9990.10%
$25,000 - $49,9990.10%
$50,000 - $99,9990.15%
$100,000 or more0.20%
Interest is compounded monthly. Fees may reduce earnings. Rates are variable and subject to change after account opening.

Business Loan Rates (Updated 12/01/21)

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.