Institution for Savings in Newburyport and Its Vicinity
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Institution for Savings in Newburyport and Its Vicinity Locations
Deposit Rates - April 20, 2021
SAVINGS RATES | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.25% | $2,500 | $4,999 | Compare |
CD RATES | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
0.50% | $10,000 | $14,999 | Compare |
6 Mo CD
|
0.50% | $100,000 | $199,999 | Compare |
12 Mo CD
|
0.75% | $10,000 | $14,999 | Compare |
12 Mo CD
|
0.75% | $100,000 | $199,999 | Compare |
18 Mo CD
|
0.75% | $10,000 | $14,999 | Compare |
18 Mo CD
|
0.75% | $100,000 | $199,999 | Compare |
24 Mo CD
|
1.00% | $10,000 | $14,999 | Compare |
24 Mo CD
|
1.00% | $100,000 | $199,999 | Compare |
30 Mo CD
|
1.00% | $10,000 | $14,999 | Compare |
30 Mo CD
|
1.00% | $100,000 | $199,999 | Compare |
36 Mo CD
|
1.00% | $10,000 | $14,999 | Compare |
36 Mo CD
|
1.00% | $100,000 | $199,999 | Compare |
48 Mo CD
|
1.00% | $10,000 | $14,999 | Compare |
48 Mo CD
|
1.00% | $100,000 | $199,999 | Compare |
60 Mo CD
|
1.25% | $10,000 | $14,999 | Compare |
60 Mo CD
|
1.25% | $100,000 | $199,999 | Compare |
MM RATES | APY | MIN | MAX | |
---|---|---|---|---|
Money Market
|
0.25% | $2,500 | $2,999 | Compare |
Money Market
|
0.25% | $10,000 | $14,999 | Compare |
Money Market
|
0.25% | $25,000 | $29,999 | Compare |
FIXED IRA RATES | APY | MIN | MAX | |
---|---|---|---|---|
Fixed IRA
|
0.75% | $1 | $999 |
INT CHECKING RATES | APY | MIN | MAX | |
---|---|---|---|---|
Int Ckg
|
0.25% | $1 | $99 | |
Int Ckg
|
0.25% | $2,500 | $3,499 |
Featured Home Equity Rates
-
Sponsored
-
Test Advertiser QA
Updated 2021-04-20Tag Line - HE $0 -
Intro APR: 2.990 %
After Intro:3.750 %
Intro Period: 12 months
$25,000 -
2.240 %
$0 -
Test Advertiser QA
Updated 2021-04-20Tag Line - HE $0 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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Sponsored
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2.557% $988 -
New American Funding
NMLS ID: 66062.870% $1,021 -
CityWorth Loans
NMLS ID: 9254762.951% $1,038 -
Quicken Loans NMLS #3030
NMLS ID: 30303.620% $1,123 -
CityWorth Loans
NMLS ID: 9254762.951% $1,038 -
2.801% $1,021 -
2.929% $1,038 -
Beeline Loans, Inc.
NMLS ID: 17999472.680% $1,005 -
Rocket Mortgage
NMLS ID: 30303.368% $1,089 -
2.557% $988 -
New American Funding
NMLS ID: 66062.870% $1,021 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2021
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 90250 |
Date Established | 1820 |
Assets | $ 3.96 billion |
Loans | $ 2.78 billion |
Deposits | $ 3.08 billion |
Capital | $ 455.89 million |
Summary Balance Sheet
ASSETS | |
Cash & Balances due from depository institutions | $ 441.55 million |
Interest-bearing balances | $ 429.43 million |
Total securities | $ 539.42 million |
Federal funds sold and reverse repurchase | $ 2.46 million |
Net loans and leases | $ 2.78 billion |
Loan loss allowance | $ 14.32 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 11.46 million |
All other assets | $ 149.28 million |
Total Assets | $ 3.51 billion |
LIABILITIES | |
Total deposits | $ 3.08 billion |
Interest-bearing deposits | $ 2.87 billion |
Deposits held in domestic offices | $ 3.08 billion |
% insured (estimated) | 71.64% |
Federal funds purchased and repurchase agreements | $ 13.72 million |
Trading liabilities | N.A. |
Other borrowed funds | $ 398.54 million |
Subordinated debt | N.A. |
All other liabilities | $ 21.52 millionn |
Total Liabilities | $ 3.51 billion |
Shareholders’ Equity | $ 455.89 million |
Summary Income Statement
INCOME AND EXPENSES | |
Total Interest Income | $ 120.53 million |
Total Interest Expense | $ 49.23 million |
Net interest income | $ 71.30 million |
Provision for loan and lease losses | $ 1.60 million |
Total non interest income | $ 6.15 million |
Total non interest expense | $ 48.01 million |
Pre-tax Net Operating Income | $ 27.85 million |
Institution for Savings in Newburyport and Its Vicinity is an FDIC insured institution headquartered at
93 State Street, Newburyport, MA 1950.
It was founded in
1820 and has approximately $4 billion in
assets. Customers can open an account at one of its 16 branches.
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL SAVINGSBankMASSACHUSETTS$50,000N.A.0.25%2.19x (National Avg. - 0.11%)$2,500-SCENARIO
Year Rate
0.25%Annual
InterestAnnual Interest
(After Tax)1 50,000 125 88 2 50,125 125 88 3 50,250 126 88 4 50,376 126 88 5 50,502 126 88 6 50,628 127 89 7 50,755 127 89 8 50,882 127 89 9 51,009 128 89 10 51,136 128 89 11 51,264 128 90 12 51,392 128 90 13 51,521 129 90 14 51,650 129 90 15 51,779 129 91 16 51,908 130 91 17 52,038 130 91 18 52,168 130 91 19 52,298 131 92 20 52,429 131 92 TOTAL $2,560 $1,792 - 2ONLINE SAVINGSOnline Bank-$50,000N.A.0.50%4.39x (National Avg. - 0.11%)$0-SCENARIO
Year Rate
0.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 250 175 2 50,250 251 176 3 50,501 253 177 4 50,754 254 178 5 51,008 255 179 6 51,263 256 179 7 51,519 258 180 8 51,776 259 181 9 52,035 260 182 10 52,296 261 183 11 52,557 263 184 12 52,820 264 185 13 53,084 265 186 14 53,349 267 187 15 53,616 268 188 16 53,884 269 189 17 54,154 271 190 18 54,424 272 190 19 54,696 273 191 20 54,970 275 192 TOTAL $5,245 $3,671