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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 Deposits (Updated 3/22/17)

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$2,5000.30%
1 Year CD$1,0000.40%
2 Year CD$1,0001.01%
3 Year CD$1,0001.11%
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%
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$5000.40%
2 Year IRA$5001.01%
3 Year IRA$5001.11%
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 - $99,9990.20%
$100,000 or more0.25%
Passbook Savings$10$100.15%
Holiday Club$5$100.15%

Personal Loans (Updated 3/22/17)

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 02/28/2017 is 3.75%. 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 Years4.50%*
Home Equity Loan5 Years4.50%$18.64
10 Years5.75%$10.98
15 Years6.125%$8.51
20 Years6.75%$7.60
ProductRate
Home MortgagesOur mortgage rates can change frequently throughout the day, and are determined by many variables such as credit history, property location, amount, loan-to-value ratio, and more. To ensure we provide you with an accurate rate quote that's tailored to your needs and circumstances, we ask that you please call us at 888.828.1690, or email your Regional Mortgage Lender serving your area. Loans are subject to credit approval.
Construction-to-PermCall 888.828.1690, or email your Regional Mortgage Lender serving your area. Loans are subject to credit approval.
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 Deposits (Updated 3/22/17)

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 - $99,9990.20%
$100,000 or more0.25%

Business Loans (Updated 3/22/17)

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.