Rates

All Annual Percentage Rates (APR) and Annual Percentage Yields (APY) are effective as of the date below and may change at the Bank's discretion.

 

Mortgage Loan Rates


Skowhegan Savings offers a wide range of financing options to meet your needs including bi-weekly mortgages which can save you thousands of dollars in interest and shorten the life of your loan. Try our bi-weekly calculator to see how much you can save!

Rates below are for conforming primary residence. Contact a Loan Specialist for our rates on second home or seasonal property. Other rates and terms are available upon request.

 

Bi-Weekly Mortgage Rates

Rates below are for a bi-weekly mortgage and are subject to change at any time. Bi-weekly mortgage rates are available when automatic payments are made from a Skowhegan Savings deposit account.

Rates Effective: march 14, 2017
Term Rate APR* Bi-Weekly Payment/$1000 borrowed**
10 Year 3.625% 3.986% 4.974
15 Year 3.750% 4.001% 3.636
20 Year 4.250% 4.450%

3.096

30 Year 4.500% 4.650% 2.534

* The annual percentage rate (APR) disclosed above assumes $50,000.00 financed and 20% down payment. Higher loan to value financing is available with Private Mortgage Insurance. The interest rate and points are subject to change without notice. All loans are subject to credit approval by Skowhegan Savings.

** Bi-weekly payment/ $1000 borrowed does not reflect any insurances or taxes. Actual payment obligation will be greater.

 

Monthly Mortgage Rates

Rates Effective: march 13, 2017
Term Rate APR* Monthly Payment/$1000 borrowed**
10 Year 3.875% 4.205% 10.065
15 Year 4.000% 4.229% 7.397
20 Year 4.500% 4.682% 6.326
30 Year 4.750% 4.884% 5.216

* The annual percentage rate (APR) disclosed above assumes $50,000.00 financed and 20% down payment. Higher loan to value financing is available with Private Mortgage Insurance. The interest rate and points are subject to change without notice. All loans are subject to credit approval by Skowhegan Savings.

** Monthly payment/ $1000 borrowed does not reflect any insurances or taxes. Actual payment obligation will be greater.

 

Home Equity Loan Rates

Rates Effective: january 1, 2017
Term Rate APR* Monthly Payment/$1000 borrowed**
5 Year 4.250% 4.388% 18.530
10 Year 4.750% 4.823% 10.490
15 Year 5.500% 5.552% 8.170

* The annual percentage rate (APR) disclosed above assumes 11% down payment. The interest rate and points are subject to change without notice. All loans are subject to credit approval by Skowhegan Savings.

** Monthly payment/ $1000 borrowed does not reflect any insurances or taxes. Actual payment obligation will be greater.

 

Deposit Rates


 

Money Market Account Rates

 

Integrity Money Market

Rates Effective: march 1, 2017
Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
$2,500 $0.01- $2,499.99 0.00% 0.00%
- $2,500 - $24,999.99 0.05% 0.05%
- $25,000 - $49,999.99 0.08% 0.08%
- $50,000 - $99,999.99 0.10% 0.10%
- $100,000 & Above 0.10% 0.10%

* Annual Percentage Yield (APY).

The annual percentage yields assume interest remains on deposit. The rates may change after the account is open. Fees reduce earnings on the account.

Integrity Plus Money Market

Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
$2,500 $0.01 - $24,999.99 0.05% 0.05%
- $25,000 - $49,999.99 0.08% 0.08%
- $50,000 - $99,999.99 0.10% 0.10%
- $100,000 - $249,999.99 0.12% 0.12%
- $250,000 & Above 0.20% 0.20%

* Annual Percentage Yield (APY).

The annual percentage yields assume interest remains on deposit. The rates may change after the account is open. This is a tiered split-rate account. Fees reduce earnings on the account.

Health Savings Accounts

Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
$50 $0.01 - $499.99 0.00% 0.00%
  $500.00 & Above 0.05% 0.05%

* Annual Percentage Yield (APY).

The annual percentage yields assume interest remains on deposit. The rates may change after the account is open. Fees reduce earnings on the account.


 

Certificates of Deposit Rates

 

CD Special for Integrity Plus Customers Only

Account Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
5 Month CD $1,500 $1,500 0.20% 0.20%
48 Month CD $500 $500 1.09% 1.10%

* Annual Percentage Yield (APY).

Annual percentage yields assume interest remains on deposit. A penalty will be imposed for withdrawals before maturity.

Other Terms and Rates

Account Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
91 Day CD $2,000 $2,000 0.10% 0.10%
6 Month CD $1,500 $1,500 0.15% 0.15%
1 Year CD $500 $500 0.20% 0.20%
2 Year CD $500 $500 0.40% 0.40%
3 Year CD $500 $500 0.65% 0.65%
5 Year CD $500 $500 1.14% 1.15%

* Annual Percentage Yield (APY).

Annual percentage yields assume interest remains on deposit. A penalty will be imposed for withdrawals before maturity.


 

IRA Rates

 

IRA Special for Integrity Plus Customers Only

Account Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
48 Month IRA $500 $500 1.09% 1.10%

* Annual Percentage Yield (APY).

Annual percentage yields assume interest remains on deposit. A penalty will be imposed for withdrawals before maturity.

Other Terms and Rates

Account Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate Annual Percentage Yield
2 Year IRA $500 $500 0.40% 0.40%
3 Year IRA $500 $500 0.65% 0.65%
5 Year IRA $500 $500 1.14% 1.15%

* Annual Percentage Yield (APY).

Annual percentage yields assume interest remains on deposit. A penalty will be imposed for withdrawals before maturity.