Our Rates

*APY (Annual Percentage Yield) is a variable rate that may change at anytime at the discretion of the bank. Personal accounts only. Fees could reduce earnings on these accounts. Milestone Savings Account is available to all new customers and for existing customers with NEW monies of $10,000.

*Rates are variable and subject to change after account opening. Annual Percentage Yield (APY) is accurate as of the above effective date. Fees could reduce the earnings on these accounts. Consumer accounts only.

**This account is available to all new customers and for existing customers with new monies. If an existing customer elects to transfer existing funds to open this account, an additional $10,000 in new monies is required.

*** Only deposits of NEW money are eligible or existing customers with an additional deposit of $10,000 NEW money.

Annual Percentage Rate (APR) effective December 5, 2023 and subject to change without notice. All APR's are calculated based on a $400,000 loan for an owner-occupied single family dwelling (1 Family) with a 20% down payment and no points. Fixed rates are also based on Loan to Value and Credit Scores. Rates on Adjustable Rate Mortgages are fixed for the first 5, or 7 years, then adjust annually at 2.75% above the weekly average yield on the U.S. Treasury Index adjusted to a constant maturity of 1 year. Caps on 5 and 7 year Adjustable Rate Mortgages are 2/6. All rates on Adjustable Rate Mortgages are subject to increase after consummation of the loan. Our 7/1 Adjustable Rate Mortgages have a floor of 7.000%, 5/1 Adjustable Rate Mortgages have a floor of 6.875%. These payments do not include taxes and insurance; therefore, the actual payment obligation may be greater, if secured by a first lien.

*Subject to credit approval.

For home equity loans on 1-4 Family investment properties, add 1% to the quoted interest rates.

*Annual Percentage Rate (APR). Payments do not include taxes and insurance. Your payment may be greater if the loan is secured by lien.

Rate and Annual Percentage Rate (APR) are available on owner-occupied 1-4 family homes and condominiums. Minimum loan/line amount is $10,000 and maximum is $250,000. This assumes that Line of Credit is behind a conventional first mortgage. Everett Cooperative Bank lien must be in second position for these loan terms. Payments do not include taxes and insurance. Your payment may/will be greater if the loan is secured by a first lien. If loan/line is in first position, borrower may be responsible for additional closing costs including plot plan, title search, title insurance, etc. Estimated closing costs range from $175 - $1,000. Total liens on real estate may not exceed 70% of its current appraised value. Loans with an Everett Bank first mortgage may not exceed 75% of its current appraised value. Homeowner's insurance is required on the home securing the loan/line. Consult your tax advisor regarding the deductibility of interest paid. Rates quoted are for terms of 5-15 years. CALL US FOR INFORMATION REGARDING NON OWNER OCCUPIED 1-4 FAMILY HOMES AND CONDOMINIUMS OR LOANS TO SELF- EMPLOYED INDIVIDUALS AS THE APR MAY BE HIGHER. If you cancel or terminate your line of credit within the first 36 months of the date of the note, you will be assessed a termination/prepayment fee equaling $500.

1 The variable rate is equal to the Prime Rate minus .51% for the life of the line, with a floor of 3.25%. Prime Rate is 8.50% as of July 27, 2023. Maximum APR is 18%. The current APR based solely on the index and rate is 7.99%. Rates and APR for all lines adjust monthly based on the Wall Street Journal Prime Rate published in its money rates section on the 13th of the month. Homes currently for sale or intended to be sold within 12 months are not eligible for these terms. Loan applications subject to credit approval.

*Annual Percentage Yield (APY) is subject to change without notice. Fixed rate term Certificate of Deposits accounts, rates are guaranteed for the length of the term. Minimum deposit to open account and to obtain the APY is $500 unless otherwise specified. APY is based on principal and interest remaining in the account for a period of one year. Penalty may be imposed for early withdrawal. For consumer accounts only.

*Minimum Daily Balance in the account each day.

**The 9 Month and 18 Month Certificates does not apply to Individual Retirement Accounts (IRA).

***The 9 Month Certificate will automatically renew at maturity to a 6 Month Certificate unless the customer chooses another product and the 12 month, 18 month, 24 month and 36 month Special Certificates will automatically renew at maturity to a 12 Month Certificate unless the customer chooses another product.

*Annual Percentage Yield (APY) is subject to change without notice. Fixed rate term Certificate of Deposits accounts, rates are guaranteed for the length of the term. Minimum deposit to open account and to obtain the APY is $500 unless otherwise specified. APY is based on principal and interest remaining in the account for a period of one year. Penalty may be imposed for early withdrawal. For consumer accounts only. ECB NOW Checking Account is requested.