Current Rates

Personal Checking Accounts

Min. Deposit to Open Interest Rate APY
Absolutely Free Checking $50 .00% .00%
50+ Free Interest Checking $50 .07% .07%
Direct Free Interest Checking $50 .07% .07%
Choice Rate Checking $50
$10 – $1,499 .05% .05%
$1,500+ .07% .07%

Savings Accounts

Min. Deposit to Open Interest Rate APY
Absolutely Free Statement Savings $50 .075% .075%
Choice Rate Statement Savings $50
$10 – $9,999 .075% .075%
$10,000 – $49,999 .09% .09%
$50,000 – $74,999 .10% .10%
$75000 – $99,999 .10% .10%
$100,000+ .11% .11%
Passbook Savings $50 .075% .075%

Personal Money Market Accounts

Min. Deposit to Open Interest Rate APY
$10 – $2,499 $50 .05% .05%
$2,500 – $49,999 $50 .08% .08%
$50,000 – $99,999 $50 .09% .09%
$100,000 + $50 .10% .10%

Business Accounts

Min. Deposit to Open Interest Rate APY
Absolutely Free Business Checking $50 .00% .00%
Business Interest Checking $50 .07% .07%
Business Savings $50
$10 – $9,999 .05% .05%
$10,000 – $24,999 .08% .08%
$25,000 – 49,999 .09% .09%
$50,000 – $99,999 .09% .09%
$100,000+ .10% .10%
Business Money Market $50
$10 – $2,499 .05% .05%
$2,500 – $49,999 .08% .08%
$50,000 – $99,999 .09% .09%
$100,000+ .10% .10%
IOLTA Checking $50 .05% .05%

CDs & IRA Accounts

Min. Deposit to Open Interest Rate APY
3 Month $1,000 0.12% 0.12%
6 Month $1,000 0.18% 0.18%
12 Month $1,000 0.30% 0.30%
18 Month $1,000 1.30% 1.30%
24 Month $1,000 0.85% 0.85%
30 Month $1,000 0.90% 0.90%
36 Month $1,000 1.00% 1.00%
48 Month $1,000 1.15% 1.15%
60 Month $1,000 1.50% 1.51%
*Rates are effective as of May 2, 2017 at 8:15 am and are subject to change without notice. APY (Annual Percentage Yield) is what your money would earn if principal and interest remain on deposit for at least one year at the same rate. Minimum balance to earn APY on Choice Rate Checking, Personal Money Market, Business Statement Savings, Business Money Market, and Choice Rate Statement Savings is $10.00. Minimum balance to earn APY on NOW, 50+ Free Interest Checking, Direct Free Interest Checking, Business Interest Checking, IOLTA, Absolutely Free Statement Savings, and Passbook Savings accounts is $50.00. Minimum balance to earn APY on Certificates of Deposits and IRA Certificates of Deposits is $1,000.00. Penalty for early withdrawal on all Certificates of Deposit and Individual Retirement Accounts (IRA) products. IRA accounts are also subject to limitations and/or penalties imposed by the Internal Revenue Service. Fees may reduce earnings on account. The APY on Savings, Checking, and Money Market Accounts may change after the account is opened. Please contact an Avon Co-operative representative for a detailed product description and further assistance.

Fixed Rate Residential Programs

Interest Rate APR Monthly Payments per $1,000 borrowed
Maximum mortgage for single family property is $424,100.00.

30 Year Conforming

0 Point 4.375% 4.405% $4.99
1 Point 4.250% 4.364% $4.92
2 Points 4.125% 4.324% $4.85

20 Year Conforming

0 Point 4.000% 4.040% $6.06
1 Point 3.875%  4.031%  $5.99
2 Points 3.750% 4.021%  $5.93

15 Year Conforming

0 Point 3.375% 3.426% $7.09

10 Year Conforming

0 Point 3.000% 3.073% $9.66
Rates and APRs for fixed rate mortgages are based on a minimum 20% down payment. Example of a 30 year fixed 0 point loan with a principal amount of $100,000.00, 360 monthly payments of $4.99 per $1,000.00 borrowed. ANNUAL PERCENTAGE RATE OF 4.405%. Example assumes a 20% down payment and 0 points paid by borrower. Please note that the interest rates shown here are available for 1-4 owner occupied properties, including condominiums and second homes. Fees vary depending on loan characteristics. Your Annual Percentage Rate (APR) will vary based on your final loan amount and finance charges. The payment amount includes principal and interest only. Mortgage insurance is not included and will be required if the LTV ratio is more than 80%. Mortgage insurance will be required for all loans with less than a 20% downpayment. Flood insurance is required if the property is located in a FEMA Special Flood Hazard Area. Homeowners insurance may be required.The payment does not include taxes or insurance and the payment amount will increase if an escrow (impound) account is established or required. Available for properties in all Massachusetts counties. Rates subject to change without notice.

MassHousing Mortgages

Interest Rate APR Monthly Payments per $1,000 borrowed
No MI Mass Housing Mortgage 5.000% 5.031% $5.37
Above rate is for a 30 year term. Maximum LTV is 97% on No MI Mass Housing Program. No mortgage insurance required. Income and purchase price limits will apply based on property location. Rate and APR based on a 20% down payment. Example of $100,000.00 principal amount, 360 monthly payments of $5.37 per $1,000.00 borrowed. ANNUAL PERCENTAGE RATE of 5.031%. Please note that the interest rate shown above is for 1-4 family owner occupied properties, including condominiums. The payment amount includes principal and interest only. Flood insurance is required if the property is located in FEMA Special Flood Hazard Area. Homeowners insurance may be required. The payment does not include taxes or insurance and the payment amount will increase if an escrow (impound) account is established or required. Available in all Massachusetts counties. Rates subject to change without notice.
0 Point Mass Housing Mortgage 4.375% 4.405% $4.99
Above rate is for a 30 year term. Maximum LTV is 97% on Mass Housing program. Income and purchase price limits will apply based on property location. Rate and APR for Mass Housing Mortgage is based on a 20% down payment. Example of 100,000.00 principal amount, 360 monthly payments of $4.99 per $1,000.00 borrowed. ANNUAL PERCENTAGE RATE of 4.405%. Please note that the interest rate shown above is for 1-4 family owner occupied properties, including condominiums. The payment amount includes principal and interest only. Mortgage insurance is not included and will be required if the LTV ratio is more than 80%. Mortgage insurance will be required for all loans with less than a 20% down payment. Flood insurance is required if the property is located in FEMA Special Flood Hazard Area. Homeowners insurance may be required. The payment does not include taxes or insurance and the payment amount will increase if an escrow (impound) account is established or required. Available in all Massachusetts counties. Rates subject to change without notice. Please call 508-586-1355 for more information.

Adjustable Rate Owner-Occupied Programs

Interest Rate APR Monthly Payments per $1,000 borrowed
1 Year ARM 2.750% 3.925% $4.09
3 Year ARM 2.750% 3.936% $4.09
5/1 ARM 3.125% 3.718% $4.29
1st Time Homebuyer (5/1 ARM)*** 3.000% 3.674% $4.22
APR=Annual Percentage Rate. APR assumes a single family owner occupied purchase with 20% down payment for a term of 30 years. Rate adjustment for the 1 Year ARM and 5/1 ARM based on the weekly average of the 1 Year Treasury Constant Maturity, currently 1.22%. Rate adjustment for the Three Year ARM based on the weekly average of the 3 Year Treasury Constant Maturity, currently 1.50%. Rate Lock is for 60 days. Rates subject to change without notice. FHFA conforming loan limits apply: 1 Unit $424,100, 2 Unit $543,000, 3 Unit $656,350, 4 Unit $815,650. Additional rate lock terms and point options available. The payment amount includes principal and interest only. Mortgage insurance is not included and will be required if the LTV ratio is more than 80%. Mortgage insurance will be required for all loans with less than a 20% down payment. Flood insurance is required if the property is located in FEMA Special Flood Hazard Area. Homeowners insurance may be required. The payment does not include taxes or insurance and the payment amount will increase if an escrow (impound) account is established or required. Available for properties in Norfolk, Plymouth, Bristol, Barnstable, Suffolk and Essex counties. ***Minimum 10% down with no mortgage insurance and open to all Massachusetts counties. Payments do not include taxes or insurance. Your actual payment may be greater. Rates subject to change without notice.

Adjustable Rate Non Owner-Occupied Property Programs

Interest Rate APR Monthly payments per $1,000 borrowed
1 Year ARM 4.000% 4.041% $6.06
3 Year ARM 4.250% 4.292% $6.20
5/1 ARM 4.500% 4.283% $6.33
Minimum 20% down payment and available for purchases and cash-out refinances of 1-4 family non-owner occupied properties. Cash-out refinances of investment properties are limited to 70.00% LTV. Property must be owned for at least one year to obtain a refinance mortgage. 20 Year Maximum term. APR means Annual Percentage Rate. Rates and APRs are based on 20 year term. Rate adjustment for the 1 Year ARM and 5/1 ARM based on the weekly average of the 1 Year Treasury Constant Maturity, currently 1.22%. Rate adjustment for the Three Year ARM based on the weekly average of the 3 Year Treasury Constant Maturity, currently 1.50%. All adjustable rate mortgages have a 2.75% margin with a 2% per adjustment cap and 5% lifetime cap. Rate floor on these programs apply. Rate locks available Monday through Friday from 10:00 am to 3:00 pm only. The payment amount includes principal and interest only. Mortgage insurance is not included and will be required if the LTV ratio is more than 80%. Mortgage insurance will be required for all loans with less than a 20% down payment. Flood insurance is required if the property is located in a FEMA Special Flood Hazard Area. Homeowners insurance may be required. The payment does not include taxes or insurance and the payment amount will increase if an escrow (impound) account is established or required. Available for properties in Norfolk, Plymouth, Bristol, Barnstable, Suffolk and Essex counties. Rates subject to change without notice.

Home Equity Line of Credit

Interest Rate APR
20 year Owner Occupied HELOC 4.250% 4.250%
APR of Prime Rate as published in The Wall Street Journal. 2.50% rate floor. Prime Rate is currently 4.250%. Maximum APR 18.00%. This is a variable rate and is subject to change monthly. Offer is available for owner-occupied 1-4 family residences only. Fees range from $176.00 to $600.00. Flood insurance is required if the property is located in a FEMA Special Flood Hazard Area. Homeowners insurance may be required. Available properties in Norfolk, Plymouth, Bristol, Barnstable, Suffolk, and Essex counties. Minimum loan amount: $5,000.00. Maximum loan amount: $200,000.00.

Fixed Rate Home Equity Loan

Interest Rate APR Monthly Payments per $1,000.00 borrowed
60 months 4.000% 4.000% $18.42
120 months 4.500% 4.500% $10.36
180 months 4.750% 4.750% $7.78
Rates effective June 27, 2017 at 11:00 am – All Adjustable Rates subject to change after consummation. Minimum 10% down for 5/1 ARM and 20% down for 1/1 and 3/3 ARM products. All rates shown are for 1-4 unit, owner-occupied properties only, including condominiums. APR means Annual Percentage Rate. Rate adjustment for the One Year ARM and Five/One ARM based on the weekly average of the 1 Year Treasury Constant Maturity, currently 1.22%. Rate adjustment for the Three Year ARM based on the weekly average of the 3 Year Treasury Constant Maturity, currently 1.50%. All adjustable rate mortgages have a 2.75% margin with a 2% per Adjustment cap and a 5% lifetime cap. Rate locks available Monday through Friday from 10:00 am to 3:00 pm only. Flood insurance is required if the property is located in FEMA Special Flood Hazard Area. Homeowners insurance may be required. Available for properties in Norfolk, Plymouth, Bristol, Barnstable, Suffolk and Essex counties. Rates subject to change without notice. Minimum loan amount: $5,000.00. Maximum loan amount: $200,000.00.

Car Loans

APR/Interest Rate Term Details/Restrictions Monthly Payments
per $1,000 borrowed
New Car Loan 3.875% Up to 60 months 0% down $18.36 / 60 months
New Commercial Vehicle 5.875% Up to 60 months 0% down $19.27 / 60 months
Used Car Loan 4.125% 2014-2016 up to 60 mo. $18.47 / 60 months
2010-2013 up to 48 mo. $22.64 / 48 months
2009 and older up to 36 mo. – 10% down based on lower of sales price or book value $29.58 / 36 months
Used Commercial Vehicle 6.125% 2014-2016 up to 60 mo. $19.39 / 60 months
2010-2013 up to 48 mo. $23.54 / 48 months
2009 and older up to 36 mo.
Same as used car loan
$30.48 / 36 months

Title V Loan

APR/Interest Rate Term Details/Restrictions Monthly Payments
per $1,000 borrowed
4.990% Up to 120 months – Up to $30,000 $10.60 / 120 months

Home Improvement Loans

APR/Interest Rate Term Details/Restrictions Monthly Payments per $1,000 borrowed
4.990% Up to 60 months – Up to $5,000 $18.87 / 60 months

Personal Loans

APR/Interest Rate Term Details/Restrictions Monthly Payments
per $1,000 borrowed
11.990% Up to 36 months – Max. approved credit amount is $5,000. $33.21 / 36 months

Overdraft Lines of Credit

APR/Interest Rate Term Details/Restrictions Monthly Payments
per $1,000 borrowed
16.000% No stated term. Max. approved credit amount is $5,000.

Collateral Loans

APR/Interest Rate Term Details/Restrictions Monthly Payments
per $1,000 borrowed
4.00% over No stated term. Up to 95% of account balance. Available on passbook savings and/or term accounts.
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