Country Bank for Savings, a Massachusetts chartered mutual savings bank with its Main Office located at 155 West Street, Ware, Massachusetts 01082, is applying with the Federal Deposit Insurance Corporation for permission to establish a full-service branch office at 158 North Main Street, Uxbridge, MA 01569. Any person wishing to comment on this application may file his or her comments in writing with the regional director of the Federal Deposit Insurance Corporation at the appropriate FDIC office located at 15 Braintree Hill Park, Suite 200, Braintree, MA 02184-8701 not later than 15 days from the date of this publication. The non-confidential portions of the application are on file at the appropriate FDIC office and are available for public inspection during regular business hours. Photocopies of the non-confidential portion of the application file will be made available upon request.
Rate Effective Date: July 26, 2024
| Interest Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 | |
| 30 Year | 6.625% | 0 | 6.749% | $6.40 |
| 6.375% | 1 | 6.616% | $6.24 | |
| 6.125% | 2 | 6.482% | $6.08 | |
| 20 Year | 6.375% | 0 | 6.536% | $7.38 |
| 6.000% | 1 | 6.314% | $7.16 | |
| 5.750% | 2 | 6.217% | $7.02 | |
| 15 Year | 6.250% | 0 | 6.451% | $8.57 |
| 5.625% | 1 | 6.015% | $8.24 | |
| 5.250% | 2 | 5.830% | $8.04 | |
| 10 Year | 6.000% | 0 | 6.283% | $11.10 |
| 5.500% | 1 | 6.053% | $10.85 | |
| 5.125% | 2 | 5.949% | $10.67 |
Including Construction.
All Annual Percentage Rates (APR) listed below assume a $165,000 mortgage and a 20% downpayment unless otherwise stated. Private Mortgage Insurance (PMI) required if the downpayment is less than 20%.
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Mobile Homes with own land will be financed as 3/3 ARM, 5/3 ARM, 7/3 ARM or 10/1 ARM; 15 Year (180) amortization.
| PRODUCT | INTEREST RATE | Points | CAPS | ANNUAL PERCENTAGE RATE | MONTHLY PAYMENT PER $1,000 |
| 3/3 ARM (30 year) | 6.000% | 0 | 2% / 4% | 7.319% | $6.00 first three years (60 payments), $7.00 after initial adjustment (300 payments) |
| 5/3 ARM (30 year) | 6.125% | 0 | 2% / 4% | 7.140% | $6.08 first five years (60 payments), $6.96 after initial adjustment (300 payments) |
| 7/3 ARM (30 year) | 6.250% | 0 | 2% / 4% | 7.027% | $6.16 first seven years (84 payments), $6.92 after initial adjustment (276 payments) |
| 10/1 ARM (30 year) | 6.500% | 0 | 2% / 4% | 6.996% | $6.32 first ten years (120 payments), $6.90 after initial adjustment (240 payments) |
Including construction. The initial interest rate may be discounted until the first review period. The annual percentage rate is subject to increase or decrease after closing. CAP Structure: Initial Adjustment/Lifetime Adjustment. The margin on all Adjustable Rate mortgages is 2.750% unless otherwise noted.
All Annual Percentage Rates (APR) listed below assume a $165,000 mortgage and a 20% downpayment unless otherwise stated. Private Mortgage Insurance (PMI) required if the downpayment is less than 20%.
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Mobile Homes with own land will be financed as 3/3 ARM, 5/3 ARM, 7/3 ARM or 10/1 ARM; 15 Year (180 months) amortization.
| Product | Interest Rate | Points | CAPS | Annual Percentage Rate | Monthly Payment per $1,000 |
| 10/1 ARM First Time Home Buyer (30 Year)** | 6.500% | 0 | 1% / 4% | 7.688% | $6.32 first ten years (120 payments), $6.77 after initial adjustment (240 payments) |
| 30 Year Fixed First Time Home Buyer | 6.625% | 0 | N/A | 7.532% | $6.40 |
| No Down Payment First Time Homebuyer* 10/1 ARM (30 Year)** | 6.000% | 0 | 1% / 4% | 7.310% | $6.00 first ten years (120 payments), $6.67 after initial adjustment (240 payments) |
| 30 Year Fixed No Down Payment First Time Homebuyer | 6.375% | 0 | N/A | 7.269% | $6.24 |
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Annual Percentage Rate (APR) based on $165,000 loan with Private Mortgage Insurance (PMI).
The initial interest rate may be discounted until the first review period. The annual percentage rate (APR) is subject to increase or decrease after closing. Maximum increase or decrease 1% at the time of any review. Lifetime cap at 4%. Margin 2.25%.
*Lender-paid MI; Income and Property Location Restrictions Apply.
| Product | Interest Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 |
| 30 year | 6.625% | 0 | 7.309% | $6.40 |
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Annual Percentage Rate (APR) based on $165,000.00 loan with Private Mortgage Insurance (PMI).
| Product | Interest Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 |
| 30 year | 6.625% | 0 | 7.458% | $6.40 |
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Annual Percentage Rate (APR) based on $165,000.00 loan with Private Mortgage Insurance (PMI).
| Product | Interest Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 |
| 30 Year | 6.625% | 0 | 7.202% | $6.47 |
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for seventy-five (75) calendar days from the date of the receipt of the loan application.
Annual Percentage Rate (APR) based on guarantee fee of 1.00% and annual fee of 0.35%
| PRODUCT | INTEREST RATE | CAPS | ANNUAL PERCENTAGE RATE | MONTHLY PAYMENT PER $1,000 - PAYMENTS 1-36 | MONTHLY PAYMENT PER $1,000 - PAYMENTS 37-180 |
| Building Lot (15 Year) Product: 3/1 ARM 20% down is required Margin 4.000% | 8.000% | 2% / 6% | 8.780% | $9.56 | $10.05 |
| Raw Land (10 Year) Product: 3/1 ARM 40% down is required Margin 5.000% | 9.000% | 2% / 6% | 9.726% | $12.67 | $13.07 |
All Annual Percentage Rates (APR) listed below assume a $165,000 mortgage and a 20% downpayment unless otherwise stated.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
| Specifications | Amount / Rates |
| Minimum opening deposit: | $10 |
| Minimum balance to obtain Annual Percentage Yield: | None |
| Daily balances of: Interest rate: Annual Percentage Yield (APY): | $0.00 - $20,000.00 0.75% 0.75%* |
| Daily balances of: Interest rate: Annual Percentage Yield (APY): | $20,000.01 and up 0.05% 0.75% - 0.17%* |
| Non-qualifying accounts** Interest rate: Annual Percentage Yield (APY): | 0.05% 0.05% |
*Account Qualifications (per qualification cycle): Have at least 12 debit card purchases post and settle; have a least one direct deposit, one automatic ACH transaction, or bill payment transaction post and settle; and be enrolled in and agree to receive eStatements.
**The interest rate and annual percentage yield may change after account opening.
Fees could reduce the earnings on the account.
| SPECIFICATIONS | AMOUNT |
| Minimum opening deposit: | $10 |
| Minimum balance to obtain Annual Percentage Yield: | N/A |
| Specifications | Amount |
| Minimum opening deposit: | $10 |
| Minimum balance to obtain Annual Percentage Yield: | None |
| Daily balances of: Interest rate: Annual Percentage Yield (APY): | $0.00 - $100,000.00 0.75% 0.75% |
| Daily balances of: Interest rate: Annual Percentage Yield (APY): | $100,000.01 and up 0.10% 0.75% - 0.43% |
| Non-qualifying accounts* Interest rate: Annual Percentage Yield (APY): | 0.10% 0.10% |
*The interest rate and annual percentage yield may change after account opening. Account Qualifications that must be met on the Kasasa Checking account (per qualification cycle): Have at least 12 debit card purchases post and settle; have a least one direct deposit, one automatic ACH transaction, or bill payment transaction post and settle; and be enrolled in and agree to receive eStatements.
“$10 minimum balance required to open account. The rate may change after the account is opened. Fees could reduce earnings on the account
| Specifications | Amount |
| Interest rate: Annual Percentage Yield (APY): | 0.10% 0.10% |
$10 minimum balance required to open account.
$10 daily balance to earn APY.
The rate may change after the account is opened. Fees could reduce earnings on the account.
| Specifications | Amount |
| Minimum Opening Deposit | $10 |
| Interest Rate: | 0.10% |
| Annual Percentage Yield | 0.10% |
$10 minimum balance required to open account.
$10 daily balance to earn APY.
The rate may change after the account is opened. Fees could reduce earnings on the account.
| Terms | Interest Rate | Annual Percentage Yield (APY) |
| 3-Month (91 Days) | 0.10% | 0.10% |
| 6-Month (182 Days) | 0.10% | 0.10% |
| 9-Month (273 Days) | 0.40% | 0.40% |
| 1-Year | 4.25% | 4.33% |
| 2-Year | 4.00% | 4.07% |
| 3-Year | 3.75% | 3.82% |
| 4-Year | 3.50% | 3.56% |
| 5-Year | 3.25% | 3.30% |
Minimum balance to earn the Annual Percentage Yield (APY) is $500. No withdrawals permitted within the first six (6) days after the date of deposit. A penalty will be imposed for early withdrawal.
| Specifications | Amount / Rates |
| Daily balances of: Interest rate: Annual Percentage Yield (APY) | $10.00 - $999.99 0.05% 0.05% |
| Daily balances of: Interest rate: Annual Percentage Yield (APY) | $1,000 - $9,999.99 0.10% 0.10% |
| Daily balances of: Interest rate: Annual Percentage Yield (APY) | $10,000 - $49,999.99 0.15% 0.15% |
| Daily balances of: Interest rate: Annual Percentage Yield (APY) | $50,000 - $99,999.99 0.25% 0.25% |
| Daily balances of: Interest rate: Annual Percentage Yield (APY) | $100,000.00 and above 0.35% 0.35% |
Money Market – Fees may reduce the earnings on these accounts. $1,000 minimum deposit required to open account. $10 minimum balance to earn APY. The rates may change after the account is opened.
| Year of Vehicle | Max Term | Interest Rate | Annual Percentage Rate | Monthly Payment per $1,000 |
| 2022-2024 | 60 Months | 6.625% | 6.625% | $20.90* |
| 2022-2024 | 72 Months | 7.000% | 7.008% | $18.16* |
| 2019-2021 | 60 Months | 7.000% | 7.007% | $21.09* |
| 2018 & older | 36 Months | 6.750% | 6.750% | $32.76* |
Minimum loan: $800
Minimum term: 12 months
If payment is automatically deducted from a new or existing Country Bank checking or savings account, the rate will be reduced by 0.250 percentage points. New accounts must be opened prior to closing.
*VSI (Vendor Single Interest Insurance) is required. The VSI fee is $65.00.
All Loans Subject to Credit Approval
| Term | Interest Rate | Annual Percentage Rate | Monthly Payment per $1,000 |
| HEAT Loan | 0% | 0% | $11.90 |
| Enhanced HEAT Loan | 0% | 0% | $11.90 |
| Super HEAT Loan (Heat Pumps Only) | 0% | 0% | $11.90 |
HEAT Loan: Minimum loan amount $500.00, maximum loan amount $15,000.00. Loans $2,000.00 or less will have a maximum term of 24 months.
Enhanced HEAT Loan: Minimum loan amount $15,001.00, maximum loan amount $25,000.00. Loan is secured by a UCC on the equipment/material being installed.
Super Heat loan: Minimum loan amount $25,001.00, maximum loan amount $50,000.00. Loan is secured by a UCC on the equipment/material being installed.
All loans subject to credit approval.
Fixed Rate Collateral Loan
3% above Prime rate with a minimum rate of 6%**
All Loans Subject to Credit Approval
**If payment is automatically deducted from a new or existing Country Bank checking or savings account, the rate will be reduced by 0.250 percentage points. New accounts must be opened prior to closing.
| Home Equity Line of Credit with a Loan-to-Value of 80% or less: | |
| Term: Rate: Margin: Annual Percentage Rate: | 10 Year Draw. 15 Year Repayment Prime Rate: Currently 8.500% 0.000% 8.500% |
| Home Equity Line of Credit with a Loan-to-Value of 80.01% - 95%: | |
| Term: Rate: Margin: Annual Percentage Rate: | 10 Year Draw. 15 Year Repayment Prime Rate: Currently 8.500% 1.500% 10.000% |
| Fixed Rate Term Out Loans via Country Convertible HELOC 1-4 Family Owner-Occupied For Home Equity Lines of Credit With a Loan-to-Value of 80% or Less, the interest rates are: |
|
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 5 year 6.500% 6.500% $19.57 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 6.750% 6.750% $11.48 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 15 year 7.000% 7.000% $8.99 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 20 year 7.250% 7.250% $7.90 |
| For Home Equity Lines of Credit with a Loan-to-Value of 80.01-95%, the interest rates are: | |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 5 year 8.500% 8.500% $20.52 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 10 year 8.750% 8.750% $12.53 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 15 year 9.000% 9.000% $10.14 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 20 year 9.250% 9.250% $9.16 |
The Country Bank Home Equity Line of Credit (HELOC) has a variable periodic rate. Home Equity Line of Credit has a maximum Loan-to-Value ratio of 80% with an interest rate based on Prime rate plus a margin of 0%. High Loan-to-Value Home Equity Line of Credit has a minimum Loan-to-Value of 80.01% and a maximum Loan-to-Value ratio of 95% with an interest rate based on Prime rate plus a margin of 1.50%. Prime Rate is currently 8.500%/APR 8.500%. APR subject to increase to a Maximum of 18% High Loan-to-Value Home Equity Line of Credit has a maximum loan amount of $250,000.00 and is subject to additional credit and underwriting criteria. Hazard insurance is required. Early Termination fee of $500.00 may apply if the Home Equity Line of Credit or High Loan-to-Value Home Equity Line of Credit is closed and discharged within thirty-six (36) months from the date of the Note. For loan requests less than $250,000.00, if the Bank is unable to determine a value using our standard method, you have the option to pay for a full appraisal. The current cost for a full appraisal is $475.00 for a single family property or $575.00 for a 2-4 family property. For loan requests equal to or greater than $250,000.00, the Bank requires a full appraisal be completed on your home to determine the value. The current cost for a full appraisal is $475.00 for a single family property or $575.00 for a 2-4 family property. The appraisal fee must be paid at time of application. For loan requests less than $250,000.00, the standard closing and recording costs will be paid by the Bank. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. For loan requests equal to or greater than $250,000 or for properties where title will be held in the name of a trust, the Bank requires a full title exam, title policy, and title certification at your expense. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. Closing costs will range from $1,763 to $1,945 and will vary based on the line amount requested and the attorney chosen by the Bank to conduct the closing. You may receive, upon request, a good faith itemization of these costs. The minimum credit limit you may apply for is $15,000.00. You can convert all or a portion of your balance to a Fixed Rate Term Out Loan during the term of your draw period. A maximum of three (3) Fixed Rate Term Out Loans can be taken. Call us for additional rates and details!
All Loans Subject to Credit Approval
| Product | Term | Interest Rate | Annual Percentage Rate | Monthly Payment per $1,000 |
| Personal Unsecured* | 36 Months | 14.000% | 14.000% | $34.18 |
| Credit Booster** | 36 Months | Prime Rate: 8.500% | Prime Rate: 8.500% | $31.57 |
*Minimum loan: $800
*Maximum loan: $5,000
*Minimum term: 12 months
*Maximum term: 36 months
**Credit Booster Minimum $200.00 Max $3,000.00.
**Minimum term: 12 months
**Maximum term: 36 months
All rates are subject to change without notice.
All loans are subject to credit approval.
If payment is automatically deducted from a new or existing Country Bank checking or savings account, the rate will be reduced by 0.250 percentage points. New accounts must be opened prior to closing.
