Rates
Deposit Rates
Deposit Accounts Rates As Of November 13, 2024
Checking
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| Checking Deposit Account Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| True Local | $50 | $1 | 0.05% | 0.05% | Monthly |
| True Local Premium | $100 | $1 | 0.10% | 0.10% | Monthly |
| NOW Non-Profit | $100 | $500 | 0.05% | 0.05% | Monthly |
Savings
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| Savings Deposit Account Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| Money Market | N/A | $250-$2,499 | 0.05% | 0.05% | Monthly |
| Money Market | N/A | $2,500 & Over | 0.10% | 0.10% | Monthly |
| Preferred Money Market | $250 | $5,000 | 1.982% | 2.00% | Monthly |
| True Local Money Market | $25,000 | $25,000 | 0.15% | 0.15% | Monthly |
| Business Money Market | $5,000 | $5,000 | 0.15% | 0.15% | Monthly |
| Passbook | N/A | $25 | 0.05% | 0.05% | Monthly |
| Statement Savings | $25 | $25 | 0.05% | 0.05% | Monthly |
| Putnam Premium | $5,000 | $5,000-$24,999 | 0.05% | 0.05% | Monthly |
| Putnam Premium | $5,000 | $25,000-$99,999 | 0.10% | 0.10% | Monthly |
| Putnam Premium | $5,000 | $100,000 & Over | 0.15% | 0.15% | Monthly |
Certificate of Deposit Rates
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| Product Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| 3 Month | $500 | $0.01 | 0.10% | 0.10% | Monthly |
| 6 Month | $500 | $0.01 | 1.98% | 2.00% | Monthly |
| 8 Month | $500 | $0.01 | 0.10% | 0.10% | Monthly |
| 1 Year | $500 | $0.01 | 3.92% | 4.00% | Monthly |
| 18 Month | $500 | $0.01 | 3.20% | 3.25% | Monthly |
| 2 Year | $500 | $0.01 | 3.44% | 3.50% | Monthly |
| 30 Month | $500 | $0.01 | 0.30% | 0.30% | Monthly |
| 3 Year | $500 | $0.01 | 0.30% | 0.30% | Monthly |
| 4 Year | $500 | $0.01 | 0.35% | 0.35% | Monthly |
| 5 Year | $500 | $0.01 | 0.45% | 0.45% | Monthly |
Loan Rates
Residential Mortgage RatesRates effective as of December 17, 2024
CONFORMING LOAN AMOUNTS
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| Product | Interest Rate % | Annual Percentage Rate %**** | Points | # of Monthly Payments *,*** | Payment Factor *,**,*** |
|---|---|---|---|---|---|
| 15 Year | 6.125% | 6.299% | 0 | 180 | $8.51 |
| 20 Year | 6.625% | 6.771% | 0 | 240 | $7.53 |
| 30 Year | 6.750% | 6.863% | 0 | 360 | $6.49 |
This table may be difficult to navigate with screen readers. For assistance, please contact PCSB Bank, or utilize AIRA, our visual interpretation service.
| ADJUSTABLE RATE LOANS - UP TO 30 YEAR MATURITY Product | Interest Rate % | Annual Percentage Rate % **** | # Monthly Fxd Rt Pmts/# Monthly Adj Rt Pmts *,*** | Fixed Interest Rate/Adjustable Interest Rate *,*** | Payment Factor *,**,*** |
|---|---|---|---|---|---|
| 5/1 ARM | 6.250% | 6.810% | 60/300 | 6.250%/7.000% | $6.16/$6.60 |
| 7/1 ARM | 6.375% | 6.783% | 84/276 | 6.375%/7.000% | $6.24/$6.59 |
| 10/1 ARM I/O | 6.625% | 6.859% | 120/240 | 6.625%/7.000% | $5.52/$7.75 |
Deposit Rates disclaimer
Note:
- All Checking and Savings rates are variable and subject to change.
- Interest compounds monthly.
- Penalties may be imposed for early withdrawal on CD's.
- Fees could reduce the earnings on the account, if applicable.
Loan Rates disclaimer
Rates are accurate as of today’s date and are subject to change without notice. Rates reflect a discount for making automatic payments from a PCSB Bank account. Without Autopay, rates will increase by 0.25%.
*Payments shown do not include amounts for taxes and insurance.
**To calculate the monthly payment divide the desired loan amount by 1000 then multiply the quotient to the payment factor.
***After the initial period, the ARM rates and payments are based on today’s index plus a 2.75% margin. The loans are subject to a 2% maximum annual adjustment with a 6% lifetime cap.
****Annual Percentage Rate based on loan amount of $250,000.00 and no PMI (Private Mortgage Insurance).
Assumptions subject to change without notice:
- Owner occupied 1-4 family residence
- Free 60-day rate lock from application
- All loans subject to credit approval, pricing and underwriting
- For loan amounts over one million, please contact us for pricing
Construction to Perm, Condominium, Co-op, 2-4 Family Residence, Jumbo and Investment Property loans are also available.
Contact one of our mortgage representatives for available rates and terms.