Home Equity Rates

Home Equity Line of Credit* (Effective: Friday, July 04, 2008)
Program	APR
Fixed for first 12 months	4.990%
Prime minus 1.0% for life thereafter (min. rate 4.99%)	4.990%
*Rate subject to change. Initial rate of 4.99% annual percentage rate (APR) fixed for the first 12 months. Thereafter, the rate is subject to adjustment monthly equal to the prevailing prime rate as published in the Money Rates section of The Wall Street Journal minus 1% for the life of the line with a minimum rate of 4.99%. As of 4/30/08 it was 5.00%, which would result in an APR of 4.99%. Lifetime rate cap of 18%. Rate is subject to change. Offer available for owner-occupied 1-4 family residences only. Homeowners insurance on the property securing the line is required. Offer good for new accounts only. An appraisal of $300-$450 is required for lines over $100,000.

Home Equity Loan* (Effective: Friday, July 04, 2008)
Program	Term	APR	Monthly Payments per $1000 borrowed
Fixed Rate Home Equity Loan	60 months	6.219%	$19.33
	120 months	6.617%	$11.36
	180 months	6.958%	$8.92
*Annual Percentage Rate (APR) subject to change without notice. Rates are 0.50% higher for customers who choose not to sign-up for automatic payment from a Millbury Savings Bank Checking Account. Offer available for owner-occupied 1-4 family residences only. Homeowners insurance on the property securing the line is required. Minimum loan amount: new-$10,000 or refinance-$15,000. Maximum loan amount: $100,000.

If you have any questions about our products and services, please complete our information request form, or talk with one of our Customer Service Representatives. They will be happy to answer your questions and assist you in selecting the products and services that best meet your financial needs.

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