Great rates for all your goals.

Chelsea Groton Bank is proud to offer competitive rates for whatever you’re hoping to achieve. And we offer decades of know-how and hands-on support to ensure we provide top-rate service too.

Questions about these rates, or looking for a different product?

Stop in to a branch, give us a call at 860-448-4200 or download our Chelsea Live video banking app to connect.

First Mortgage Loans⁽¹⁾

Payments displayed below include only principal and interest. Payment obligations will likely be higher as the payment due may include taxes and insurance. Conforming rates apply to loan amounts $802,650 or less, and Jumbo rates apply to loan amounts of $802,650.01 – $1,000,000. Please contact a loan officer for pricing on loans over $1,000,000.

Home Equity Loans And Lines of Credit

Loan Rates Effective: 11/8/2024 | Interest rates are subject to change at any time without notice.

Home Equity Loans ^(2)​

Home Equity Lines of Credit ⁽³⁾

Please contact a loan officer for pricing on loans over $500,000.

*Annual Percentage Rate

Important Loan Information

First Mortgage Loans (1)	All payment examples shown assume a 40% downpayment resulting in a loan to value of 60%. All loans are subject to credit and underwriting approval. Other terms and conditions may apply. Finance charges affect APR. Rates are subject to change without notice. Select the blue links above (APR and Interest Rate) for additional information about each option.   All Construction loan products listed contain an initial 1 year, interest-only build period.
Home Equity Loans (2)	Annual Percentage Rate (APR) and rate(s) posted are indications only and are subject to change without notice and your actual rate may be different based on the factors specific to your loan. Qualification is subject to credit, underwriting and property approval; not all applicants will qualify. An escrow (impound) account may be required. Property insurance is required and flood insurance may be required. Property cannot be listed for sale. Assumes loan is for owner-occupied 1-to-4 family homes located in CT or RI held in the name of the borrower(s) with a minimum 20% equity; loan terms from 60 to 240 months; and minimum loan amount of $5,000. A pre-payment penalty will apply if the loan is closed and discharged within 3 years of activation. For CT properties, the prepayment penalty for the first 2 years of activation is 2% of the outstanding balance; the third year prepayment fee is 1% of the outstanding balance. For RI properties, the prepayment penalty for the first 12 months of activation is 2% of the outstanding balance. Contact the Bank for home equity loans without prepayment penalties. No Chelsea Groton application fee, nor closing costs apply. Other restrictions may apply and this offer is subject to change without notice.
Home Equity Lines of Credit (3)	Annual Percentage Rate (APR) will be variable for the life of the loan. Qualification is subject to credit, underwriting and property approval; not all applicants will qualify. Property insurance is required and flood insurance may be required. Property cannot be listed for sale. Other restrictions may apply. Offer valid only in CT and RI. Assumes loan is for owner-occupied 1-to-4 family homes located in CT or RI held in the name of the borrower(s) with a minimum 20% equity; and minimum loan amount of $5,000. The interest-only draw period is 10 years. APR is based on the highest United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period (7.75% as of 11/8/2024) minus -.51. The rate will never be less than the initial rate effective at closing nor more than the lesser of 18% or the maximum permitted by applicable state law. The repayment period is approximately 20 years; during the repayment period, the interest rate is subject to adjustment monthly and will be calculated by adding a margin of -.51 to the United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period. Monthly payments of interest only during the draw period may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Annually, for each period of twelve months during which there are no transactions posted to this account, you will be charged an Inactivity Fee of $50.00. A prepayment penalty will apply if line is closed and discharged within 36 billing cycles for CT properties, 12 billing cycles for RI properties. CT prepayment fee for 1st 24 complete billing cycles is 2% of line credit limit, next 12 complete billing cycles it is 1% of line credit limit. RI prepayment fee for 1st 12 complete billing cycles is 2% of the outstanding line of credit balance. Contact the Bank for home equity loans without prepayment penalties. No Chelsea Groton application fee, nor closing costs apply. Other restrictions may apply and this offer is subject to change without notice.

Rate Page Reminders: (Member FDIC/Equal Housing Lender) Chelsea Groton Bank NMLS ID: 402928