Rates

*Qualifications

Monthly qualification cycle (MQC) – the period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.

Qualifications - To qualify for rewards and the ATM fees refund, you must meet the following requirements per MQC:

• Debit Cards: 12 debit card purchases (excluding ATM transactions) must post and clear your account.
• Electronic Statements: Receive your monthly account statement electronically.
• Online Banking: Access Online Banking or Mobiliti at least once.

You will qualify automatically for the first qualification cycle. 

When your Kasasa Cash account qualifications are met during a MQC:

• Tier 1 - An interest rate of 1.9819% will be paid on the portion of your daily balance that is less than or equal to $25,000.00. The APY is 2.00%.
• Tier 2 - An interest rate of 0.1499% will be paid on the portion of your daily balance that is greater than $25,000.00. The APY will range from 0.15% to 2.00%, depending on the account’s daily balance.
• When your Kasasa Cash account qualifications are not met, the interest rate paid on the entire balance will be 0.01% with an APY of 0.01%.

Interest compounds monthly and is credited to your account on the last day of your statement cycle.  

ATM fees refund - If you have met your qualifications for the MQC, we will refund ATM fees imposed by other U.S. financial institutions, up to an aggregate amount of $25.00 per MQC and deposit them into your account on the last day of your statement cycle.

Effect of closing account - If the account is closed before the ATM refunds are credited to it, you will not receive the refunds.

Rates are variable and may change after account is opened without notice to you. Notice of adverse changes to rewards or bonuses will be provided at least 30 days prior to change. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. There are no recurring monthly maintenance charges or fees to open or close these accounts. Mobile Carrier Fees may apply.

*Qualifications

Qualifying for your Kasasa Cash or Kasasa Cash Back^® rewards automatically qualifies you for the highest Kasasa Saver^® rate. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

• At least 12 debit card purchases (excluding ATM transactions)
• Be enrolled in and agree to receive e-statements
• Be enrolled in and log into online banking or Mobiliti

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.

¹Twelve Month Term; Penalty for early withdrawal may be imposed; Rate and yield matches 6 Month Fixed Rate CD

^Payments are based on a loan amount of $10,000.00. $55.00 processiong fee applies. Insurance required. Certain restrictions may apply.

*The Annual Percentage Rate (APR) shown is accurate from 4/1/23 to 10/1/23 with auto-deduction from a Claremont Savings Bank deposit account. APR is 7.50% without auto-deduct from a CSB deposit account. Add 1.00% with credit score below 675. This is for closed-end loans only. Additional fees may apply. Offer of credit is subject to credit approval. Rates and programs are subject to change without notice.

15 Year Fixed Rate Mortgage, 20 Year Fixed Rate Mortgage, and 30 Year Fixed Rate Mortgage are saleable loans. Servicing retained at Claremont Savings Bank.

*Jumbo Loan: loans >$726,200. APR based on loan amount of $726,200 including a $495.00 processing fee and $250.00 underwriting fee. 30 year fixed rate. Single family primary residence. 80% LTV, 20% down payment required. Credit score of >700. 

Rural Development loans feature a $50,000 minimum loan amount. Please contact us for details.

Additional fees apply to construction loans: $550 construction fee and $700 inspection fee.

Fixed Home Equity Loan APRS include a $175.00 processing fee and $250.00 underwriting fee.

HELOCS have 10 year draw period followed by a 10 year fully amortized Principal and Interest repayment period.

15 years or newer - max term 30 years; 16 years old to 1977 - max term 25 years; 1976 and older - max term 15 years.

Mobile Homes in parks/on leased land need to be 1976 or newer.