Rates Overview

 

 

Rates

These are the rates as of April 7, 2014

In Market Mortgage Programs

Residents of Newton, Wellesley, and Waltham  – take an extra 1/8% off any of the residential mortgage lending rates listed below.*

TERM RATE POINTS APR

Conforming Fixed Rate Loan Products

30 Year

4.750%

4.625%

4.375%

0.00

1.00

2.00

4.79%

4.74%

4.82%

20 Year

4.625%

4.500%

4.250%

0.00

1.00

2.00

4.67%

4.66%

4.52%

15 Year

3.875%

3.625%

3.375%

0.00

1.00

2.00

3.94%

3.83%

3.72%

10 Year

3.375%

3.125%

2.875%

0.00

1.00

2.00

3.488%

3.44%

3.38%

Adjustable Rate Mortgage Products to $750,000

5/1 ARM
30 year
amortization
3.500% 0.00 3.11%
2.89% = Fully Indexed Rate
7/1 ARM
30 year
amortization
3.875% 0.00 3.40%
2.89% = 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

5/1 ARM
30 year
amortization
4.000% 0.00 3.28%
2.89% = Fully Indexed Rate
7/1 ARM
30 year
amortization
4.375% 0.00 3.60%
2.89% = 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

10 Year Draw

10 Year Repayment

$10,000-$1,000,000

WSJ PRIME - .25

Home Equity Line of Credit 

Floor 3.00% APR

Cap 18.00% APR

$50.00 Annual Fee

The Home Equity Line is a variable rate account.


*Active FCB checking requires a monthly direct deposit or three monthly bill pay of $50 or more.


Rates are subject to change at any time without notice and are subject to credit approval.


ARM = Adjustable Rate Mortgage. These accounts have a

variable rate. Rates may change after opening.


APR = Annual Percentage Rate. APRs assume a LTV of 80%

Equal Housing Opportunity

CD Rates

*The Annual Percentage Yield (APY) is accurate as of April 8, 2014.

Term Without Checking With Checking*
3 Months .05% APY** .10% APY
6 Months .05% APY .15% APY
12 Months .10% APY .20% APY
18 Months .15% APY .40% APY
24 Months .15% APY .45% APY
36 Months ..15% APY .70% APY
48 Months .15% APY .85% APY
60 Months .15% APY 1.10% 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** .10% APY
$10,000-$24,999.99 .05% APY .10% APY
$25,000-$99,999.99 .05% APY .25% APY
$100,000-$249,999.99 .10% APY .40% APY
$250,000-$1,999,999.99 .10% APY .40% APY
$2,000,000+ .05% 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

Checking and Savings Rates

Savings Platinum Consumer Checking **Business Checking / Iolta
.05% $10 - $30,000 .30% APY .015%
.05% > $30,000 .10% APY .15% APY

**Sweep Available - Ask us about our Business Sweep Account


Business Money Market rates are also available. To find out more please call us at 617-243-4400 or visit us at either of our branches at 718 Beacon St. Newton Centre, MA 02459,

right next to the Post Office or

161 Linden St. Wellelsey, MA 02482 (In Linden Square)

Rates are subject to change at any time without notice after the account is opened

Member FDIC

checkbook

Online Concierge