What Rates Does North Brookfield Savings Bank List for CDs and Mortgages?

Updated

North Brookfield Savings Bank's homepage features three headline rates: a 21-month CD at 3.41% APY (with a $2,000 minimum to open and $2,000 minimum balance to earn), the same 21-month CD at 3.61% APY (with a $50,000 minimum balance to earn), and two mortgage rates — 6.777% APR on a 30-year conventional fixed mortgage and 6.683% APR for first-time homebuyers. These are featured examples shown on the bank's site, not a complete rate sheet, and they can change at any time.

CD Rates: Two Tiers on the Same 21-Month Term

The bank lists a single CD term — 21 months — with two rate tiers that depend on how much you keep in the account.

Term APY Minimum to Open Minimum Balance to Earn the APY
21 Month CD 3.41% $2,000 $2,000
21 Month CD 3.61% $2,000 $50,000

The practical takeaway: opening the CD requires $2,000 either way, but the higher 3.61% APY only applies once your balance reaches $50,000. If your balance sits between $2,000 and $50,000, the 3.41% tier is the one that matches the listed terms. APY stands for Annual Percentage Yield, which reflects the total return on a deposit over a year, including compounding.

Mortgage Rates: Two Featured APRs

Two mortgage rates appear in the featured section:

  • 30 Year Conventional Fixed Mortgage — 6.777% APR
  • First Time Homebuyer — 6.683% APR

APR (Annual Percentage Rate) is broader than the interest rate alone: it folds in certain lender costs along with the interest, so it's the number to use when comparing offers on a like-for-like basis. A fixed-rate mortgage keeps the same rate for the life of the loan, which is what "30 Year Conventional Fixed" describes here.

The first-time homebuyer rate is the lower of the two, but eligibility for a first-time homebuyer program depends on criteria the bank sets — the homepage doesn't spell those out, so confirm your eligibility before assuming you'd qualify for that APR.

What These Numbers Do and Don't Tell You

  • They're examples, not a full rate table. The page labels these as "Featured Rates." Other CD terms, mortgage products, and loan types exist but aren't priced on the homepage.
  • Rates move. Deposit and mortgage rates change with market conditions, so treat any figure here as a snapshot rather than a locked-in offer.
  • Your actual mortgage APR depends on your situation. Credit profile, down payment, loan amount, and property details all feed into the final number, so the advertised APR is a starting reference point.
  • CD earnings depend on the balance tier. The gap between 3.41% and 3.61% APY is small, but it only opens up at the $50,000 balance level.

How to Confirm Current Rates

Because featured rates are subject to change, verify before you act:

  1. Go to the bank's site and open the specific product page (CD or mortgage) rather than relying on the homepage tile.
  2. For a CD, confirm the term, APY, minimum to open, and minimum balance to earn — all four matter.
  3. For a mortgage, request a personalized rate quote so the APR reflects your credit and down payment, not the headline example.
  4. Ask whether the rate requires autopay, a relationship account, or any other condition, since those details often sit outside the featured tile.

If you're comparing this bank against others, line up the same term and the same balance tier on each side — a 21-month CD at $2,000 isn't comparable to a 12-month CD at $50,000.