Rates as of October 1, 2022

Dividend Rates
Account Name Min. Balance to Earn Dividends Dividend Rate APY 1
Main Share $5.00 (Minimum to open = $5) 0.10% 0.10%
Club Accounts $25.00 (Minimum to open = $0) 0.10% 0.10%
NOW Accounts Checking Tier  $25.00 (Minimum to open = $0) 0.05% 0.05%
IRA & Roth IRA Savings $25.00 0.20% 0.20%
Money Market Tier I 2 $1,000.00 0.15% 0.15%
Money Market Tier II 2 $20,000.00 0.30% 0.30%
Money Market Tier III 2 $50,000.00 0.30% 0.30%

1 Annual Percentage Yield
2 All other money market account terms apply.

APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are credited to your account and compounded every month. This schedule is incorporated as a part of your account agreement with your Credit Union. *Minimum balance requirements apply to average daily balance (amount of principal in account each day). **All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors. Fees could reduce earnings.

Certificate Rates*
Account Name Min. Balance to Earn Dividends** Dividend Rate APY 1
3 Months $500.00 .15% .15%
6 Months $500.00 .35% .35%
8 Months $500.00 .40% .40%
12 Months 3 $500.00 .50% .50%
13 Months Special3 4 $500.00 1.40% 1.41%
18 Months 3 $500.00 .55% .55%
23 Months Special3 4 $500.00 2.75% 2.78%
24 Months 3 $500.00 .65% .65%
30 Months 3 $500.00 .70% .70%
36 Months 3 $500.00 .85% .85%
48 Months 3 $500.00 .90% .90%
60 Months 3 $500.00 .94% .94%
Jumbo
Jumbo/3 Months $50,000.00 .25% .25%
Jumbo/6 Months $50,000.00 .45% .45%
Jumbo/8 Months $50,000.00 .50% .50%
Jumbo/12 Months 3 $50,000.00 .60% .60%
Jumbo/13 Months Special3 4 $50,000.00 1.50% 1.51%
Jumbo/18 Months 3 $50,000.00 .65% .65%
Jumbo/23 Months Special3 4 $50,000.00 2.85% 2.89%
Jumbo/24 Months 3 $50,000.00 .75% .75%
Jumbo/30 Months 3 $50,000.00 .80% .80%
Jumbo/36 Months 3 $50,000.00 .94% .94%
Jumbo/48 Months 3 $50,000.00 .99% .99%
Jumbo/60 Months 3 $50,000.00 1.04% 1.05%

* Subject to penalty for early withdrawal
** Minimum balance to open and earn dividends
1 Annual Percentage Yield
3 Also available for IRA's, including ROTH
4
Certificate Specials available for a limited time. 13-Month and 23-Month Certificate Specials are limited to a maximum $250,000 deposit per member, per special.

APY is Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Dividends will be credited to your account and compounded every month. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity.

Jumbo refers to savings and IRA Certificates with minimum balances of $50,000. If you have any questions or need current rate information on your accounts, please call (617) 635-4545.

Rates subject to change without notice. All rates and terms are available for Savings and IRA Certificates.

New**  and Used (Maximum borrowed $100,000)

Model Years 2020-2022 Term APR* Monthly Cost Per
$1,000 Borrowed
  Up to 48 Months As low as 2.50% up to 5.59% $21.91/$23.30
  49 – 72 Months As low as 2.75% up to 6.09% $15.08/$16.67
  73 – 84 Months As low as 3.60% up to 6.59% $13.49/$15.07


Used (Maximum borrowed $100,000)  

Model Years 2017-2019 Term APR* Monthly Cost Per
$1,000 Borrowed
  Up to 36 Months As low as 2.89% up to 6.09% $29.03/$30.46
  37 – 60 Months As low as 3.34% up to 6.59% $18.12/$19.61
  61-72 Months As low as 3.59% up to 6.84% $15.46/$16.97


Used (Maximum borrowed $75,000)

Model Year 2016 Term APR* Monthly Cost Per
$1,000 Borrowed
  Up to 36 Months As low as 3.09% up to 6.29% $29.12/$30.55
  37 – 48 Months As low as 3.29% up to 6.54% $22.26/$23.73


Used (Maximum borrowed $50,000)

Model Year 2015 Term APR* Monthly Cost Per
$1,000 Borrowed
  Up to 36 Months As low as 3.69% up to 6.89% $29.39/$30.83
  37 – 48 Months As low as 3.89% up to 7.14% $22.53/$24.01


Used (Maximum borrowed $50,000)

Model Year 2014 Term APR* Monthly Cost Per
$1,000 Borrowed
  Up to 36 Months As low as 4.24% up to 7.44% $29.63/$31.08
  37 – 48 Months As low as 4.44% up to 7.59% $22.78/$24.22

 

*A.P.R. = Annual Percentage Rate.  Rate determination is based on member’s current credit rating and down payment.  All loans subject to credit approval. Other rates and terms available. Monthly Cost per $1000 is based upon the maximum loan amount shown.  A.P.R.s are accurate as of the date of printing and subject to change without notice.  Must be eligible for City of Boston Credit Union membership to apply.

** New vehicles have 5,000 miles or less.

Maximum mileage of 90,000 miles.
 

Above rates effective October 1, 2022

Limited Time 1/8th Off Rate¹ Promotion applies to purchase transactions only. 

Mortgage Rates* - No Points!

  • Payments shown do not include taxes or insurance. Your payment may be greater
  • NMLS #403469

Rates as of October 1, 2022

10 Year Fixed Rate

 A.P.R.**  5.625% - 0.125% = 5.500%¹

 Monthly cost per
$1,000 Borrowed

 $10.85 per $1,000 for 120 months

 

15 Year Fixed Rate

 A.P.R.**  5.750% - 0.125% = 5.625%¹
 Monthly cost per
$1,000 Borrowed
 $8.24 per $1,000 for 180 months

 

20 Year Fixed Rate

 A.P.R.**  6.125% - 0.125% = 6.000%¹
 Monthly cost per
$1,000 Borrowed
 $7.16 per $1,000 for 240 months

 

30 Year Fixed Rate

 A.P.R.**  6.250% - 0.125% = 6.125%¹
 Monthly cost per
$1,000 Borrowed
 $6.08 per $1,000 for 360 months

 

First Time Home Buyer Program

 Term  360 Months
 A.P.R.**  6.000%
 Monthly cost per
$1,000 Borrowed
 $6.00 per $1,000 for 360 months

 

5/25 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]***

 Term  360 Months
 A.P.R.**  5.125% - 0.125% = 5.000%¹
 Monthly cost per
$1,000 Borrowed
 60 months at $5.37 per $1,000
and 300 months at $5.37 per $1,000

 

7/23 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]***

 Term  360 Months
 A.P.R.**  5.375% - 0.125% = 5.250%¹
 Monthly cost per
$1,000 Borrowed
 84 months at $5.52 per $1,000
and 276 months at $5.52 per $1,000

 

* These rates reflect the best rates available for the indicated terms and are subject to change at any time. Rates are determined by creditworthiness, loan to value (LTV) ratio, purpose of loan, occupancy status, and property type, so your rate may be higher.

** A.P.R. = Annual Percentage Rate

***ARM = Adjustable Rate Mortgage. ARMs and their APRs are adjustable and may change after closing.

¹ Annual Percentage Rate (“APR”) and Interest Rate (“Rate”) are effective September 23, 2022 and are subject to change without notice. New Mortgages to City of Boston Credit Union only. This discount promotion applies to purchase transactions only. The APR and Rate are calculated using a loan amount of $647,200 for a term of 30 years or 360 months and a down payment of 20%. Payments are $6.08 per $1,000 borrowed. Payment does not include taxes and insurance; your payment may be greater. Complete application required, with approval subject to meeting underwriting qualifications. Available on owner occupied, 1-4 unit, purchase transactions with a maximum loan amount of $1,500,000. Fees and closing costs may apply. This rate and APR are not available for programs offering discounted rates or closing costs. Must be eligible for City of Boston Credit Union membership to apply. Subject to Credit and Underwriting approval.

All loans are subject to credit approval. A.P.Rs are subject to change at anytime without prior notice.

 

Equity Loans & Lines of Credit

  • NMLS #403469
  • Max. amount $250,000.00

Rates as of October 1, 2022

5 Years Fixed Rate

 Max. Loan Amount  $250,000
 A.P.R.*  5.750%
 Monthly cost per
$1,000 Borrowed
 $19.22 per $1,000 for 60 months

 

10 Year Fixed Rate

 Max. Loan Amount  $250,000
 A.P.R.*  6.000%
 Monthly cost per
$1,000 Borrowed
 $11.10 per $1,000 for 120 months

 

15 Year Fixed Rate

 Max. Loan Amount  $250,000
 A.P.R.*  6.250%
 Monthly cost per
$1,000 Borrowed
 $8.57 per $1,000 for 180 months

 

20 Year Fixed Rate

 Max. Loan Amount  $250,000
  A.P.R.*  6.750%
 Monthly cost per
$1,000 Borrowed
 $7.60 per $1,000 for 240 months

 

Line of Credit Adjustable @ Prime^^

 Max. Loan Amount  $250,000
 A.P.R.*  6.250%
 Monthly cost per
$1,000 Borrowed
 This payment would be dependent upon the term of the loan.

 

* A.P.R. = Annual Percentage Rate.

^^ This reflects the rate based upon Prime of 6.250% on 9/23/22. This rate will change without notice on a monthly basis at the end of each billing cycle. The maximum APR under this plan would be 18.00%. The borrower is required to maintain property insurance coverage as a condition of the loan. Please consult your tax advisor concerning the deductibility of interest paid.

All loans are subject to credit approval. A.P.Rs are subject to change at anytime without prior notice.

Rates as of October 1, 2022

Consumer/Other Loan Rates
Products Credit 
Score
Max. Term
 
Max.Loan
Amount
A.P.R.* Monthly cost per $1,000 Borrowed
RV Loans (Trailers, Campers & Boats)#          
RV - New or Used 760+ 60 months $100,000 7.25% 19.92
  760+ 120 months $100,000 7.75% 12.00
Personal Loans     760+ 72 months  $30,000 7.99% 17.53
  720-759 72 months $30,000 10.99% 19.03
  660-719 72 months $30,000 13.99% 20.60
  600-659 72 months $30,000 15.99% 21.69
  599 & Below 72 months $30,000 17.99% 22.80
Tuition /Private Education Loan                                                               760+ 96 months $25,000 7.50% 13.88
  720-759 96 months $25,000 8.00% 14.14
  660-719 96 months $25,000 8.50% 14.39
  600-659 96 months $25,000 9.00% 14.65
  599 & Below 96 months $25,000 10.99% 15.70
Secured Loans - Secured by Main Share Account       3.25% A
Home Improvement Loans+++                               760+ 180 months $50,000 5.99% 8.43
  720-759 180 months $50,000 6.99% 8.98
  660-719 180 months $35,000 8.99% 10.14
  600-659 180 months $15,000 10.99% 11.36
  599 & Below 180 months $5,000 12.99% 12.65
Energy Loans    18 months $5,000 8.99% 59.59
Vacation Loan    18 months $5,000 8.99%   59.59
Back to School Loan     18 months $5,000 8.99% 59.59
Holiday    12 months $5,000 8.99% 87.45
Uniform and Equipment Loan**   18 months $5,000 3.99%  57.33
Mass Save® HEAT Loan***   84 months $25,000 0.00% 11.91
VISA Credit Card Rates
Card Type Max. Term A.P.R.* Monthly cost per $1,000 Borrowed
Visa® Signature Credit Card++++
(max. loan amount $20,000)
Open End 3.990%  varies
Visa® Platinum Credit Card++++
(max. loan amount $20,000)
Open End   3.990% varies

* A.P.R. = Annual Percentage Rate.

+Other rates available based on term of financing and credit score. Annual Percentage Rate is based on member's current credit rating. Please contact a Loan Representative at 617-635-4545 for more information.

+++Annual Percentage Rate is based on member's current credit rating and automatic payment deduction. Other rates available based on term and credit score. Maximum LTV (Loan to Value) 115%. UCC filing.  Signature of all homeowners required.  Only one (1) Home Improvement Loan allowed per household.

++++3.99% Introductory Annual Percentage Rate for first twelve (12) billing cycles, thereafter A.P.R. is based on member's credit rating at account opening. For complete disclosure and agreements click here.

# A.P.R. reflects credit score of 760 or above. Other rates available for different scores. 10% down payment required.

A - This payment would be dependent upon the term of the loan.

** Uniform and Equipment Loan is for the purpose of purchases related to member occupation required uniform and equipment needs.  Checks will be made payable to supplier or the member for reimbursement of a qualified purchase made within past 30 days.

*** Members must meet program eligibility requirements to participate. Eligibility for the HEAT Loan is based on findings from the Home Energy Assessment and require pre-approval. Some restrictions apply and offers are subject to change or cancellation. Owner occupied properties only. Additional terms and conditions apply.  Visit www.MassSave/HEATLoan or call 1-866-527-SAVE (7283) for details and to learn more about the program.

All loans are subject to credit approval. A.P.R.s are subject to change without notice.