Rates
These are the rates as of February 6, 2012
In Market Mortgage Programs
Residents of Newton, Wellesley, and – take an extra 1/8% off any of the residential mortgage lending rates listed below.*
| TERM | RATE | POINTS | APR |
Conforming Fixed Rate Loan Products |
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| 30 Year | 4.3750% | 0 | 4.41% |
| 20 Year | 4.00% | 0 | 4.05% |
| 15 Year | 3.375% | 0 | 3.44% |
Adjustable Rate Mortgage Products to $750,000 |
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5/1 ARM 30 year amortization |
3.25% | 0 | 3.03% |
| 3.01% = Fully Indexed Rate | |||
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7/1 ARM 30 year amortization |
3.75% | 0 | 3.27% |
| 3.01% = Fully Indexed Rate | |||
*To get the 1/8% rate reduction, residents of Newton, Wellesley, and Waltham must maintain an account with a minimum relationship balance of $10,000 or more with an auto-debit payment option from a First Commons Bank-eligible account.
Payments shown do not include taxes and insurance. Your payment may be greater
Out of Market Mortgage Programs
Outside of Newton, Wellesley and Waltham, Massachusetts
| TERM | RATE | POINTS | APR |
Adjustable Rate Mortgage Products to $750,000 |
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5/1 ARM 30 year amortization |
3.75% | 0 | 3.17% |
| 3.01% = Fully Indexed Rate | |||
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7/1 ARM 30 year amortization |
4.25% | 0 | 3.34% |
| 3.00% = Fully Indexed Rate | |||
Payments shown do not include taxes and insurance. Your payment may be greater
***ASK US ABOUT OUR 1 & 2 POINT RATE BUYDOWN OFFERINGS!***
***Rates per thous. Based on Loan of $417,000 & costs of $2,000***
Home Equity Line of Credit |
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10 YEAR Draw / 10 YEAR Repayment Newton, Wellesley & Waltham Residents can take advantage of a reduced closing cost of $500 with an active FCB checking account*
Otherwise, closing cost is
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$50,000-$100,000 WSJ PRIME + 1.00 $100,000-$200,000 WSJ PRIME + .75 |
Floor: 4.00% APR Cap: 18.00% APR $50 Annual Fee Property Insurance Required |
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The Home Equity Line is a variable rate account
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These rates are as of February 6, 2012
CD Rates
| Term | Without Checking | With Checking* |
| 3 Months | .25% APY** | .35% APY |
| 6 Months | .40% APY | .50% APY |
| 12 Months | 0.65% APY | .75% APY |
| 13 Months | 0.65% APY | .75% APY |
| 18 Months | .90% APY | 1.00% APY |
| 24 Months | 1.00% APY | 1.10% APY |
| 36 Months | 1.25% APY | 1.35% APY |
| 48 Months | 1.50% APY | 1.60% APY |
| 60 Months | 1.65% APY | 1.75% APY |
*A checking account with direct deposit is required for these rates
**Rates are based on annual percentage yields (APY)
Minimum daily balance to earn APY is $1000.00
Penalty may apply for early withdrawals
Money Market Rates
| Tier | Without Checking | With Checking* |
| $2,500-$9,999.99 | .05% APY** | .40% APY |
| $10,000-$24,999.99 | .25% APY | .55% APY |
| $25,000-$99,999.99 | .40% APY | .65% APY |
| $100,000-$249,999.99 | .55% APY | .75% APY |
| $250,000-$1,999,999.99 | .55% APY | .75% APY |
| $2,000,000+ | .10% APY | .35% APY |
*A checking account with direct deposit is required for these rates
**Rates are based on annual percentage yields (APY)
Minimum daily balance to earn APY is $2,500.00
Fees may reduce earnings
Business Money Market rates are also available. To find out more please call us at 617-243-4400 or visit us at our branch at 718 Beacon St. Newton Centre, MA 02459, right next to the Post Office.
Rates are subject to change at any time without notice after the account is opened
Member FDIC
