Promotions
The 4.00% APY* e-Solution
Personal and Business
Make your money work harder with a 4.00% APY* free e-Checking or free e-Business Checking account and 4.00% APY* e-Savings or e-Business Savings account from the Bank of Greene County.
*Annual Percentage Yield (APY) is effective as of 6/15/22. Balances of $1 to $500 earn 4.00%. Any balance over $500 earns a blended rate of 3.99% to 0.10%. Fees may reduce earnings. There is no monthly fee for an e-Savings or e-Business Savings account with a minimum balance of $400. Minimum to open an e-Savings or e-Business Savings is $25.
CD Specials
Triple Protection CD – the 3-year CD from the Bank of Greene County that protects YOU! You can make a one-time additional deposit, adjust your rate once, and withdraw your money without penalty for a medical emergency!
Minimum deposit of $1,000 required.
Learn more about our Triple Protection CD Special
Fast Finish Mortgage
Pay off your home in 10 years or less & save! Refinance now with our Fast-Finish Mortgage and lock in a special, low fixed rate: 4.49% Rate / 4.73% APR*. And get $250 in GreeneReward Points – redeem for merchandise, travel, and more – our house “re-warming” gift to you!
*APR = Annual Percentage Rate. Promotional rate and offer are effective 6/24/22. Promotional rate on your loan is offered on the condition that you maintain a checking account so that the payment is deducted. Auto debit is required for promotional rate.
Commercial Fast Finish Mortgage
Ulster County Commercial Fast Finish – Refinance now with our Commercial Fast-Finish Mortgage and lock in a special, low fixed rate: 4.74% APR***. And get your choice of an Apple® iPad or Apple® Watch totally FREE at closing!
***APR = Annual Percentage Rate. Promotional rate and offer are effective 6/15/22.
Personal Rates
Checking
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| FREE e-CHECKING ACCOUNT | ||
| $1 - $500 | 3.93% | 4.00% |
| $501 - higher | 0.10% | 0.10% to 3.99% |
| NIFTY-FIFTY CHECKING ACCOUNT | ||
| Nifty Fifty Club | 0.10% | 0.10% |
| PREMIERE CHECKING ACCOUNT | ||
| $1 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.12% | 0.12% |
| $50,000 - higher | 0.12% | 0.12% |
| ULTIMATE CHECKING ACCOUNT | ||
| $1 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.15% | 0.15% |
| $50,000 - $99,999 | 0.15% | 0.15% |
| $100,000 - $499,999 | 0.15% | 0.15% |
| $500,000 - higher | 0.15% | 0.15% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Savings & Certificates of Deposit (CD)
Savings Accounts
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| e-SAVINGS | ||
| $1 - $500 | 3.92% | 4.00% |
| $501 - higher | 0.10% | 0.10% to 3.99% |
| RISK FREE IRA SAVINGS | ||
| $1 - $24,999 | 0.12% | 0.12% |
| $25,000 - $49,999 | 0.12% | 0.12% |
| $50,000 - $99,999 | 0.12% | 0.12% |
| $100,000 - $499,999 | 0.12% | 0.12% |
| $500,000 - higher | 0.12% | 0.12% |
| STATEMENT & PASSBOOK SAVINGS | ||
| Statement Savings | 0.10% | 0.10% |
| Passbook Savings | 0.10% | 0.10% |
| MORE YIELD SAVINGS | ||
| $1 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.12% | 0.12% |
| $50,000 - $99,999 | 0.12% | 0.12% |
| $100,000 - $499,999 | 0.12% | 0.12% |
| $500,000 - higher | 0.12% | 0.12% |
| HOLIDAY CLUB ACCOUNT | ||
| e-Holiday Savings Club | 0.12% | 0.12% |
| Passbook Savings Club | 0.12% | 0.12% |
| Statement Savings Club | 0.12% | 0.12% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Money Market Accounts
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| $1 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.05% | 0.05% |
| $50,000 - $99,999 | 0.12% | 0.12% |
| $100,000 - $499,999 | 0.12% | 0.12% |
| $500,000 - $999,999 | 0.12% | 0.12% |
| $1,000,000 - $1,999,999 | 0.12% | 0.12% |
| $2,000,000 - higher | 0.12% | 0.12% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Student Savings
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| STUDENT e-NEXT GENERATION SAVINGS | ||
| $1 - $100 | 3.92% | 4.00% |
| $101 - higher | 0.10% | 0.10% to 3.99% |
| STUDENT PASSBOOK | ||
| Student Passbook | 0.10% | 0.10% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Certificates of Deposit (CD)
| Term | Rate | APY |
|---|---|---|
| TRIPLE PROTECTION CD** | ||
| 3 Year | 0.25% | 0.25% |
| CERTIFICATES OF DEPOSIT and IRA CERTIFICATES OF DEPOSIT** | ||
| 5 Month | 0.10% | 0.10% |
| 6 Month | 0.15% | 0.15% |
| 7 Month | 0.20% | 0.20% |
| 8 Month | 0.20% | 0.20% |
| 9 Month | 0.20% | 0.20% |
| 1 Year | 0.20% | 0.20% |
| 1 Year Relationship CD-with active checking account* | 0.25% | 0.25% |
| 15 Month | 0.20% | 0.20% |
| 15 Month Relationship CD-with active checking account* | 0.25% | 0.25% |
| 18 Month | 0.25% | 0.25% |
| 20 Month | 0.25% | 0.25% |
| 20 Month Relationship CD-with active checking account* | 0.25% | 0.25% |
| 2 Year | 0.25% | 0.25% |
| 2 1/2 Year | 0.25% | 0.25% |
| 3 Year | 0.25% | 0.25% |
| 4 Year | 0.25% | 0.25% |
| 5 Year | 0.98% | 1.00% |
*Relationship Certificates must be accompanied by an active checking account. An active account is one that completes 3 or more transactions per month.
**Certificates of Deposit: $1,000.00 minimum to open account. $1,000.00 minimum to earn APY.
IRA Certificates of Deposit: $500.00 minimum to open and $500.00 minimum to earn APY.
Certificates of Deposit may impose penalty for early withdrawal.
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Mortgages
**Mortgage Rates Available With Terms From 5 to 30 Years**
Adjustable Rate Mortgages: New & Existing 1 & 2 Family Owner-Occupied Homes
| Initial Rate | Points | Cap Per Adj | Lifetime Cap | Margin | APR | Monthly P & I Payment per $1,000 | |
|---|---|---|---|---|---|---|---|
| 5/1 | *3.79% | 0.00% | 1.50% | 9.79% | 2.75% | 3.935% | $4.65 |
| 5/1 | 4.04% | 0.00% | 1.50% | 10.04% | 3.00% | 4.189% | $4.80 |
| 10/1 | *4.09% | 0.00% | 1.50% | 10.09% | 2.75% | 4.239% | $4.83 |
| 10/1 | 4.34% | 0.00% | 1.50% | 10.34% | 3.00% | 4.493% | $4.97 |
Payment per $1,000 based on initial rate and maximum term of 30 years. Floor is set at initial interest rate. APR may increase after loan consummation. See additional terms and conditions below.
Fixed Rate Mortgage Loans: New & Existing 1 & 2 Family Owner-Occupied Homes
| Rate | Points | APR | Monthly P & I Payment per $1,000 |
|---|---|---|---|
| 10 Year Term | |||
| *4.49% | 0.00% | 4.883% | $10.36 |
| 4.74% | 0.00% | 5.139% | $10.48 |
| 15 Year Term | |||
| *4.79% | 0.00% | 5.07% | $7.80 |
| 5.04% | 0.00% | 5.325% | $7.93 |
| 20 Year Term | |||
| *5.19% | 0.00% | 5.417% | $6.70 |
| 5.44% | 0.00% | 5.672% | $6.85 |
*Preferred interest rate is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payments as they are due. Mortgage rates apply to requests of $647,200 or less. APR= Annual Percentage Rate. APR listed is based on a $100,000 Mortgage Loan.
Additional Information
Mortgage Application Checklist
RATE LOCK-IN: 90 days from date of application
Loan To Value Rate Adjustments
Loan to value ratio 80.01% to 85.00%, increase rate by .50%.
Rate increase by .50% for three & four family owner-occupied dwellings.
Loan Amounts
For requests in excess of $647,200 maximum loan to value is 70%.
Condos
Loan to value ratios greater than 80% require PMI insurance
PROCESSING FEES
Credit Report fee – $30.00 – Individual / $50.00 Joint (due at time of application)
Application fee – $100.00
Appraisal fee – $375.00 due prior to appraisal order. (Additional charge for 2 family & up.)
Origination Fee – .75% for Purchase, Refinance, and Mortgage Modification Mortgages
Origination Fee – 1.00% for Construction Mortgages
The mortgage note will be at the stated rate. At closing, an agreement may be entered into by both parties reducing the rate by .25%. This agreement will stay in effect as long as we are able to transfer automatic payments from your Bank of Greene County checking account as the payments are due. If there are insufficient or uncollected funds in excess of three times in a calendar year, the agreement becomes null and void, and the interest rate reverts back to the note rate.
The Bank of Greene County requires an escrow account on all mortgages for the payment of town, village and school taxes, as well as homeowners insurance (and flood insurance and PMI insurance, if applicable). Escrow may be waived; certain terms and conditions apply.
Since a mortgage is a legally binding contract between yourself and the Bank, we recommend that you engage the services of an attorney. The Bank’s attorney will represent the Bank’s interest only. Our attorney will charge for his/her services. Should you have any questions regarding the mortgage application, rates, fees, or requirements, please call our Lending Center at (518) 943-1424.
The above rates and terms are subject to daily change without notice. Please call our lending center at (518) 943-1424 for current rates and terms.
Home Equity
Home Equity Loans – Fixed Rate
(subject to credit approval)
1st Lien Position — Subject property must be unencumbered OR first mortgage must be with The Bank of Greene County
| Rate | APR | Monthly P & I Payment per $1,000 |
|---|---|---|
| 5-year term | ||
| *4.29% | 4.476% | $18.55 |
| 4.54% | 4.727% | $18.66 |
| 7-year term | ||
| *4.49% | 4.626% | $13.90 |
| 4.74% | 4.876% | $14.01 |
| 10-year term | ||
| *4.79% | 4.888% | $10.50 |
| 5.04% | 5.139% | $10.63 |
* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payments as they come due. APR=Annual Percentage Rate, APR listed is based on a $25,000 Home Equity Loan.
Additional Information
- No closing costs, except mandatory New York State Mortgage Tax. Appraisal is required and title insurance may also be required.
- Rates quoted are for 1 to 2 family homes, owner occupied only
- Standard rates apply for LTV of 80% or less
- Loan to Value Ratio 80.01% – 85.00%, increase rate by 1.00%
- Appraisal required -$225.00 – $375.00
- Home Equity Loans paid or refinanced within 2 years may require closing costs be reimbursed to the bank.
Home Equity Loans — Fixed Rate
(subject to credit approval)
2nd Lien Position – First mortgage must be with a lending institution
| Rate | APR | Monthly P & I Payment per $1,000 |
|---|---|---|
| 5-year term | ||
| *7.50% | 7.922% | $20.04 |
| 7.75% | 8.173% | $20.16 |
| 7-year term | ||
| *7.75% | 8.062% | $15.46 |
| 8.00% | 8.173% | $15.59 |
| 10-year term | ||
| *8.25% | 8.481% | $12.27 |
| 8.50% | 8.732% | $12.40 |
* Preferred rate on your loan is offered on the condition that you maintain a checking account or N.O.W. account with us from which we may deduct your monthly payments as they come due. APR=Annual Percentage Rate. APR listed is based on a $25,000 Home Equity Loan.
Additional Information
- No closing costs, except mandatory New York State Mortgage Tax. Appraisal and title insurance may also be required.
- Rates quoted are for 1 to 2 family homes, owner occupied only
- Maximum LTV of 70%
- Appraisal required -$225.00 – $375.00
- For second homes, add 1.50% to interest rate.
- Home Equity Loans paid or refinanced within 2 years may require closing costs be reimbursed to the bank.
GreenEquity Line of Credit: (1-2 family owner occupied)
- First Lien Position* – Prime Rate Minus 0.25% (variable) for life of loan with auto-debit from Bank of Greene County checking account. Program applies to loan amounts between $7,500-$250,000. Annual Percentage Rate (APR) is 4.75%. Loan amounts greater than $250,000 – Prime Rate plus .50% with auto-debit from a Bank of Greene County checking account, Standard rate is Prime + .75%. Annual Percentage Rate (APR) is 5.50%. Rates are adjusted daily. Floor rate: 4.25%, Ceiling: 25.0%. Maximum loan amount set at 80% of appraised value less first mortgage (if applicable) for loan amounts up to $647,200. Loan amounts greater than $647,200 maximum loan amount set at 70% of appraised value less first morgage balance (if applicable). Standard rate applies to accounts between $7,500-$250,000 without auto-debit payment. Introductory Rate: 3.49% for first six months from the date of closing applies with auto-debit from a Bank of Greene County checking account. Introductory rate applies to loan amounts up to $250,000. Standard rate is Prime Rate. Ten-year access period, interest only charged on outstanding balance during the access period. Line converts to a fifteen-year variable amortization after access period. Contact mortgage department for fees and closing costs. *To qualify for interest rate under this option, the Subject Property must be unencumbered OR the existing first mortgage must be with the Bank of Greene County.
- Second Lien Position* – Prime Rate Plus 0.75% (variable) for life of loan with auto-debit from Bank of Greene County checking account. Program applies to loan amounts between $7,500-$100,000. Rates are adjusted daily. Floor rate: 5.50%, Ceiling: 25.0%. Maximum loan amount set at 70% of appraised value less first mortgage. Standard rate applies to accounts between $7,500-$100,000 without auto-debit payment. Standard rate is Prime Rate + 1.00%. Annual Percentage Rate (APR) is 5.50%. Ten-year access period, interest only charged on outstanding balance during the access period. Line converts to a fifteen-year variable amortization after access period. Contact mortgage department for fees and closing costs. *To qualify for interest rate under this option, the existing mortgage on the Subject Property must be with a lending institution.
Auto & Personal
Consumer Loans
| Terms | Rate | APR | Monthly P&I Payment per $1,000 |
|---|---|---|---|
| New Auto — 2022 | |||
| 36 Months | 4.49%* 4.99% |
4.49%* 4.99% |
$29.74 $29.97 |
| 48 Months | 4.49%* 4.99% |
4.49%* 4.99% |
$22.80 $23.02 |
| 60 Months | 4.49%* 4.99% |
4.49%* 4.99% |
$18.64 $18.87 |
| 66 Months | 4.99%* 5.49% |
4.99%* 5.49% |
$17.36 $17.59 |
| Demo's Leftovers** — Year 2021-2022 | |||
| 36 Months | 5.50%* 6.00% |
5.50%* 6.00% |
$30.20 $30.42 |
| 48 Months | 5.50%* 6.00% |
5.50%* 6.00% |
$23.26 $23.49 |
| 60 Months | 5.50%* 6.00% |
5.50%* 6.00% |
$19.10 $19.33 |
| Used Auto — 2021 and older: Maximum term 60 months | |||
| 2017 - 2020 | 6.50% 7.00% |
6.50% 7.00% |
$19.57 $19.80 |
| 2013 - 2016 | 6.75%* 7.25% |
6.75%* 7.25% |
$19.68 $19.92 |
| 2012 and older | 7.00%* 7.50% |
7.00%* 7.50% |
$19.80 $20.04 |
Subject to Credit Approval
* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payment as they come due.
APR=Annual Percentage Rate
**For vehicles with less than 20,000 Miles
Personal Loan Rates
| Term | Rate | APR | Monthly P&I Payment Per $1,000 |
|---|---|---|---|
| UNSECURED | |||
| 12-36 Months | 10.95%* 11.45% |
10.95% 11.45% |
$32.72 $32.95 |
| 37-48 Months | 11.95%* 12.45% |
11.95% 12.45% |
$26.31 $26.56 |
| 49-60 Months | 12.95%* 13.45% |
12.95% 13.45% |
$22.73 $22.98 |
| SECURED | |||
| 12-36 Months | 9.95%* 10.45% |
9.95% 10.45% |
$32.24 $32.48 |
| 37-48 Months | 10.95%* 11.45% |
10.95% 11.45% |
$25.82 $26.06 |
| 49-60 Months | 11.95%* 12.45% |
11.95% 12.45% |
$22.22 $22.47 |
Subject to Credit Approval
* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payment as they come due.
APR=Annual Percentage Rate
Business Rates
Checking
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| FREE e-BUSINESS CHECKING ACCOUNT | ||
| $1-$499 | 3.93% | 4.00% |
| $500-higher | 0.10% | 0.10% to 3.99% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Savings
Business Money Market Accounts
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| $1 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.05% | 0.05% |
| $50,000 - $99,999 | 0.12% | 0.12% |
| $100,000 - $499,999 | 0.12% | 0.12% |
| $500,000 - $999,999 | 0.12% | 0.12% |
| $1,000,000 - $1,999,999 | 0.12% | 0.12% |
| $2,000,000 - higher | 0.12% | 0.12% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Business Savings Accounts
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| e-BUSINESS SAVINGS | ||
| $1 - $500 | 3.92% | 4.00% |
| $501 - higher | 0.10% | 0.10% to 3.99% |
| MORE YIELD SAVINGS | ||
| $1 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.12% | 0.12% |
| $50,000 - $99,999 | 0.12% | 0.12% |
| $100,000 - $499,999 | 0.12% | 0.12% |
| $500,000 - higher | 0.12% | 0.12% |
| STATEMENT & PASSBOOK SAVINGS | ||
| Statement Savings | 0.10% | 0.10% |
| Passbook Savings | 0.10% | 0.10% |
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
Certificates of Deposit (CD)
| Term | Rate | APY |
|---|---|---|
| TRIPLE PROTECTION CD** | ||
| 3 Year | 0.25% | 0.25% |
| CERTIFICATES OF DEPOSIT and IRA CERTIFICATES OF DEPOSIT** | ||
| 5 Month | 0.10% | 0.10% |
| 6 Month | 0.15% | 0.15% |
| 7 Month | 0.20% | 0.20% |
| 8 Month | 0.20% | 0.20% |
| 9 Month | 0.20% | 0.20% |
| 1 Year | 0.20% | 0.20% |
| 1 Year Relationship CD-with active checking account* | 0.25% | 0.25% |
| 15 Month | 0.20% | 0.20% |
| 15 Month Relationship CD-with active checking account* | 0.25% | 0.25% |
| 18 Month | 0.25% | 0.25% |
| 20 Month | 0.25% | 0.25% |
| 20 Month Relationship CD-with active checking account* | 0.25% | 0.25% |
| 2 Year | 0.25% | 0.25% |
| 2 1/2 Year | 0.25% | 0.25% |
| 3 Year | 0.25% | 0.25% |
| 4 Year | 0.25% | 0.25% |
| 5 Year | 0.98% | 1.00% |
*Relationship Certificates must be accompanied by an active checking account. An active account is one that completes 3 or more transactions per month.
**Certificates of Deposit: $1,000.00 minimum to open account. $1,000.00 minimum to earn APY.
IRA Certificates of Deposit: $500.00 minimum to open and $500.00 minimum to earn APY.
Certificates of Deposit may impose penalty for early withdrawal.
Any fees charged could reduce earnings.
RATE = Interest Rate APY = Annual Percentage Yield
All rates subject to change without notice.
