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Deposit Rates effective as of April 25, 2023
Deposit Rates
Certificate of Deposit
Certificates of Deposit***
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Create a CD Ladder>
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Open an Account>
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Type of Account
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Min. Required to Open Account
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Min. Required to Obtain APY1
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Interest Rate
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APY1
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Frequency of Crediting Interest*
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3 Month Certificate
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$500
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$500
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0.20%
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0.20%
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Monthly
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6 Month Certificate
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$500
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$500
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0.20%
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0.20% |
Monthly
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9 Month Certificate
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$500
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$500
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0.25%
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0.25%
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Monthly
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Special
9 Month Certificate
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$10,000 |
$10,000 |
3.92% |
4.00% |
Monthly |
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12 Month Certificate
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$500
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$500
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0.25%
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0.25%
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Monthly
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15 Month Certificate
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$500
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$500
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0.30%
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0.30%
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Monthly
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18 Month Certificate
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$500
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$500
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0.30%
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0.30%
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Monthly
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24 Month Certificate
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$500
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$500
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0.35%
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0.35%
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Monthly
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30 Month Certificate
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$500
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$500
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0.35%
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0.35%
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Monthly
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36 Month Certificate
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$500
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$500
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0.35%
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0.35%
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Monthly
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48 Month Certificate
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$500
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$500
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0.40%
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0.40%
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Monthly
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60 Month Certificate
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$500
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$500
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0.40%
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0.40%
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Monthly
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1Annual Percentage Yield
2Will auto renew into an 18 month term at initial maturity.
*If your account is an IRA, interest will be credited at the end of each calendar quarter and at maturity.
**Fees may reduce earnings.
*** Penalty may be imposed for early withdrawal, including IRS penalties for IRAs. Please refer to IRA Plan Disclosure.
****Interest Rate is Variable.
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IRA Accounts
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Create a CD Ladder>
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IRA Accounts***
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Type of Account
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Min. Required to Open Account
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Min. Required to Obtain APY1
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Interest Rate
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APY1
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Frequency of Crediting Interest*
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Special
12 Month IRA
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$500
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$500
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3.45%
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3.50%
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Quarterly
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15 Month IRA
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$500
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$500
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0.30%
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0.30%
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Quarterly
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18 Month IRA
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$500
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$500
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0.30%
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0.30%
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Quarterly
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24 Month IRA
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$500
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$500
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0.35%
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0.35%
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Quarterly
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30 Month IRA
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$500
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$500
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0.35%
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0.35%
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Quarterly
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36 Month IRA
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$500
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$500
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0.35%
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0.35%
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Quarterly
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48 Month IRA
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$500
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$500
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0.40%
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0.40%
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Quarterly
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60 Month IRA
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$500
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$500
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0.40%
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0.40%
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Quarterly
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1Annual Percentage Yield
*If your account is an IRA, interest will be credited at the end of each calendar quarter and at maturity.
**Fees may reduce earnings.
*** Penalty may be imposed for early withdrawal, including IRS penalties for IRAs. Please refer to IRA Plan Disclosure.
****Interest Rate is Variable.
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Savings
Savings****
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Open an Account>
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Type of Account
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Min. Required to Open Account
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Min. Required to Obtain APY1
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Interest Rate
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APY1
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Frequency of Crediting Interest*
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Student Savings
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$0
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$0
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0.15%
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0.15%
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Monthly
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Christmas Club
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$5
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$5
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0.10%
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0.10%
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Term
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Diamond Savings**
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$50
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$500,000 & over
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0.45%
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0.45%
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Monthly
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Diamond Savings**
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$50
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$250,000-
$499,999.99
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0.40%
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0.40%
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Monthly
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Diamond Savings**
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$50
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$10,000-
$249,999.99
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0.35%
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0.35%
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Monthly
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Diamond Savings**
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$50
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$5,000-
$9,999.99
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0.10%
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0.10%
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Monthly
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Diamond Savings**
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$50
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UNDER $5,000
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0.05%
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0.05%
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Monthly
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1Annual Percentage Yield
*If your account is an IRA, interest will be credited at the end of each calendar quarter and at maturity.
**Fees may reduce earnings.
*** Penalty may be imposed for early withdrawal, including IRS penalties for IRAs. Please refer to IRA Plan Disclosure.
****Interest Rate is Variable.
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Checking & Money Market
Money Market & Checking Accounts****
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Open an Account>
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Type of Account
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Min. Required to Open Account
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Min. Required to Obtain APY1
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Interest Rate
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APY1
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Frequency of Crediting Interest*
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Crest Plus Checking
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$50
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$500
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0.10%
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0.10%
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Monthly
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Crest 55
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$50
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$250
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0.10%
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0.10%
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Monthly
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Money Market**
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$1,000
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$2,000,000 & over
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0.40%
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0.40%
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Monthly
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Money Market**
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$1,000
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$1,000,000-
$1,999,999.99
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0.40%
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0.40%
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Monthly
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Money Market**
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$1,000
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$500,000-
$999,999.99
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0.35%
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0.35%
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Monthly
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Money Market**
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$1,000
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$250,000-
$499,999.99
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0.30%
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0.30%
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Monthly
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Money Market**
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$1,000
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$100,000-
$249,999.99
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0.25%
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0.25%
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Monthly
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Money Market**
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$1,000
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$50,000-
$99,999.99
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0.20%
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0.20%
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Monthly
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Money Market**
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$1,000
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$20,000-
$49,999.99
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0.15%
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0.15%
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Monthly
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Money Market**
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$1,000
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$0-
$19,999.99
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0.10%
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0.10%
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Monthly
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1Annual Percentage Yield
*If your account is an IRA, interest will be credited at the end of each calendar quarter and at maturity.
**Fees may reduce earnings.
*** Penalty may be imposed for early withdrawal, including IRS penalties for IRAs. Please refer to IRA Plan Disclosure.
****Interest Rate is Variable.
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Loan Rates effective as of May 24, 2023
Residential Loan Rates
Purchase Transactions
Mortgage Purchase Loans (Primary/Secondary Properties)
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Term
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Rate%
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APR%
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Points
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Payment per $1,000
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30 Year Fixed Rate
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6.500%
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6.668%
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0.000%
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$6.32
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15 Year Fixed Rate
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5.875%
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6.142%
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0.000%
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$8.37
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10 Year Fixed Rate
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5.750%
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6.126%
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0.000%
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$10.98
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5/1 Adjustable Rate
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5.875%
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7.103%
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0.000%
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(See mortgage loan information below)
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Important Mortgage Purchase Loan Information
Primary/Secondary Properties
The information provided assumes the purpose of the loan is to purchase a single-family primary residence. A $100,000 loan amount with a loan to value of 80.00%, which will require a down payment of $25,000 on a purchase price of $125,000. The property is located in Cape May County, NJ. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is greater than 675.
30 year fixed rate mortgage at a 6.500% interest rate, the APR for this loan type is 6.668%. The payment schedule would be:
- 359 payments of $632.07 at an interest rate of 6.500%
- 1 payment of $629.85 at an interest rate of 6.500%
15 year fixed rate mortgage at a 5.875% interest rate, the APR for this loan type is 6.142%. The payment schedule would be:
- 179 payments of $837.12 at an interest rate of 5.875%
- 1 payment of $836.67 at an interest rate of 5.875%
10 year fixed rate mortgage at a 5.750% interest rate, the APR for this loan type is 6.126%. The payment schedule would be:
- 119 payments of $1,097.69 at an interest rate of 5.750%
- 1 payment of $1,098.08 at an interest rate of 5.750%
5/1 adjustable rate mortgage a 5.875% initial interest rate, the APR for this loan type is 7.103%, subject to increase. Based on current market conditions, the payment schedule would be:
- 60 payments of $591.54 at an interest rate of 5.875%
- 299 payments of $694.16 at an interest rate of 7.625%
- 1 payment of $697.43 at an interest rate of 7.625%
DISCLOSURES: The interest rates, annual percentage rates (APRs), and discount points shown are subject to change without notice. - Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history, property type and purpose of loan and may be different than the rates displayed here. - If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. Please contact our residential lending team for a complete list of our mortgage rates.
Apply now for a purchase loan.
Apply Now
Find out how much you can afford.
Calculators
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Refinance Transactions
Mortgage Refinance Loans (Primary/Secondary Properties)
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Term
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Rate%
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APR%
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Points
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Payment per $1,000
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30 Year Fixed Rate
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6.500%
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6.668%
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0.000%
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$6.32
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15 Year Fixed Rate
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5.875%
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6.142%
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0.000%
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$8.37
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10 Year Fixed Rate
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5.750%
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6.126%
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0.000%
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$10.98
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5/1 Adjustable Rate
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5.875%
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7.103%
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0.000%
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(See mortgage loan information below)
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Important Mortgage Refinance Loan Information
Primary/Secondary Properties
The information provided assumes the purpose of the loan is to refinance a single-family primary residence. A $100,000 loan amount with a loan to value of 80.00%, which will require a satisfactory appraisal with a market value of at least $125,000. The property is located in Cape May County, NJ. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is greater than 675.
30 year fixed rate mortgage at a 6.500% interest rate, the APR for this loan type is 6.668%. The payment schedule would be:
- 359 payments of $632.07 at an interest rate of 6.500%
- 1 payment of $629.85 at an interest rate of 6.500%
15 year fixed rate mortgage at a 5.875% interest rate, the APR for this loan type is 6.142%. The payment schedule would be:
- 179 payments of $837.12 at an interest rate of 5.875%
- 1 payment of $836.67 at an interest rate of 5.875%
10 year fixed rate mortgage at a 5.750% interest rate, the APR for this loan type is 6.126%. The payment schedule would be:
- 119 payments of $1,097.96 at an interest rate of 5.750%
- 1 payment of $1,098.08 at an interest rate of 5.750%
5/1 adjustable rate mortgage a 5.875% initial interest rate, the APR for this loan type is 7.103%, subject to increase. Based on current market conditions, the payment schedule would be:
- 60 payments of $591.54 at an interest rate of 5.875%
- 299 payments of $694.16 at an interest rate of 7.625%
- 1 payment of $697.43 at an interest rate of 7.625%
DISCLOSURES: The interest rates, annual percentage rates (APRs), and discount points shown are subject to change without notice. - Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history, property type and purpose of loan and may be different than the rates displayed here. - If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. Please contact our residential lending team for a complete list of our mortgage rates.
Apply now for a refinance loan.
Apply Now
Find out how much you can afford.
Calculators
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Fixed Rate Home Equity
Fixed Rate Home Equity Loans (Primary/Secondary Properties)
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Term
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Rate %
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APR%3
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Payment per $1,000
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Max LTV/CLTV1
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Max LTV/CLTV2
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5 Year Fixed
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6.500%
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6.632%
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$19.57
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70.00%
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80.00% Primary
75.00% Secondary
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10 Year Fixed
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6.750%
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6.823%
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$11.48
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70.00%
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80.00% Primary
75.00% Secondary
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15 Year Fixed
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7.000%
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7.054%
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$8.99
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70.00%
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80.00% Primary
75.00% Secondary
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20 Year Fixed
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7.500%
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7.547%
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$8.06
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70.00%
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80.00% Primary
75.00% Secondary
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Fixed Rate Home Equity Loans (Investment Properties)
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Term
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Rate %
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APR%3
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Payment per $1,000
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Max LTV/CLTV
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5 Year Fixed
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7.000%
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7.141%
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$19.80
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70.00%2
65.00%1
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10 Year Fixed
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7.250%
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7.329%
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$11.74
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70.00%2
65.00%1
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15 Year Fixed
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7.500%
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7.558%
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$9.27
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70.00%2
65.00%1
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20 Year Fixed
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8.000%
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8.051%
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$8.36
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70.00%2
65.00%1
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1 Maximum LTV when a Crest Savings Bank loan is NOT in the first lien position.
2 Maximum LTV when a Crest Savings Bank loan IS in the first lien position.
3 The Annual Percentage Rate's shown above are calculated on second mortgage lien position loans of $100,000 with a $9.00 flood certification fee.
NOTE: Additional fees for Fixed Home Equity loans include:
$350.00 appraisal fee
$60.30 credit report fee
$42.00 property search fee
$255.00 recording fee
$12.75 IRS 4506-T fee
$9.00 flood certification fee
If the loan is a first lien on a primary residence, then a rate quote needs to be calculated. Please call the Residential Loan Department.
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Home Equity Line of Credit
Home Equity Line of Credit
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Property
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Variable Rate/APR
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Maximum Rate/APR
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Primary Residence- Crest Savings Bank has the first mortgage - up to 80% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment
Secondary Residence - Crest Savings Bank has the first mortgage - up to 75% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment
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Wall Street Journal Prime +0.25% with a 4.00% Floor Rate
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17.00%
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Primary / Secondary Residence -Another first mortgage holder has the first mortgage - up to 70% of equity. 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment
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Wall Street Journal Prime +0.75% with a 4.00% Floor Rate
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17.00%
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Investment Property - up to 70% of equity (65% if Crest is NOT the first lien holder). 10 Year Interest Only Payments automatically converting to a 15 year amortizing principal and interest payment
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Wall Street Journal Prime +0.75% with a 4.00% Floor Rate
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17.00%
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Crest Savings Bank's Home Equity Line of Credit Monthly Payments are:
Interest only and based on the amount drawn on the line of credit for the first 120 months and
Automatically converted to a 15 year amortizing principal and interest payment after the initial 120 months
No draws after the initial 10 year period.
Please consult a tax advisor regarding the deductibility of interest.
Fees for Home Equity Line of Credit loans include:
$350.00 appraisal fee
$60.30 credit report fee
$42.00 property search fee
$255.00 recording fee
$12.75 IRS 4506-T fee
$9.00 flood certification fee.
All loans require insurance and are subject to credit approval.
Rates are subject to change without notice. Terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions.
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Construction Loan
For Construction Loan Rates and Terms please call the Loan Department at (609) 522-5011.
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