Promotions
The 5.00% APY* e-Solution
Personal and Business
Make your money work harder with a 5.00% APY* free e-Checking or free e-Business Checking account and 5.00% APY* e-Savings or e-Business Savings account from the Bank of Greene County.
*Annual Percentage Yield (APY) is effective as of 1/8/24. Balances of $1 to $500 earn 5.00%. Any balance over $500 earns a blended rate of 4.99% to 0.05%. 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.
e-Lightning Checking
e-Lightning Checking – open your checking account online and get the same great benefits as our other checking accounts! Plus:
- $300 in GreeneReward points*
- 5.00% APY** on the first $500
Open an e-Lightning Account Now!
Account must be opened online.
* Direct deposit required to receive $300 GreeneRewards bonus. Direct deposit transaction includes payroll and must begin within the first 90 days of account opening to receive the bonus offer. $25 in GreeneReward points will be awarded to your enrolled Bank of Greene County Visa® Debit Card for 12 months as long as direct deposit continues.
**Annual Percentage Yield (APY) is effective as of 1/8/24. Balances of $1 to $500 earn 5.00%. Any balance over $500 earns a blended rate of 4.99% to 0.05%. Fees may reduce earnings.
CD Specials
5 Month CD – the 5-month CD with a guaranteed interest rate of 3.75% APY* with active checking account!
Learn more about the 5-Month CD!
5-Star CD –the 5-year CD with a guaranteed interest rate of 3.40% APY* with active checking account, and a bonus of $500 (deposit of $100,000 or more) or $250 (deposit of $50,000 to $99,999)!
Learn more about the 5-Star CD!
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!
Learn more about the Triple Protection CD Special
*Annual Percentage Yield (APY) is effective as of 1/8/24 and is subject to change without notice.
Minimum deposit of $1,000 is required to open a Certificate of Deposit. A penalty may be imposed for early withdrawal.
Residential Mortgage Specials
First-Time Homebuyer Program – buying your first home? Find out how you may qualify for our First-Time Homebuyer Program and receive a $1000 credit to help cover your closing costs. Applicants may also qualify for the FHLB Dream Program Grant*.
*Bank of Greene County participates in the Homebuyer Dream Program with FHLB and provides counseling resources that are available in the area. Counseling and educational resources are required.
Residential Non-Owner Occupied – a special product designed for 1-4 unit rental properties.
Home Equity Specials
Home Equity Loan Special – save big with no closing costs and a special 6.99% Rate / 7.09% APR*!
Greene Equity Line of Credit – get cash out of your home now for home improvements, debt consolidation, and more with a 6.375% APR*!
*APR = Annual Percentage Rate. Promotional rate and offer rate are effective 1/9/2024. Promotional rate on your line is offered on the condition that you maintain a checking account so that payment is deducted. Auto debit is required for promotional rate.
Commercial Loan Specials
Capital Region Low-Interest Loan Program – we have pledged $10 Million towards owner-occupied businesses in the Capital Region. With a special 5-year fixed 5.95% APR*.
*APR = Annual Percentage Rate. Promotional rate and offer are effective 1/9/24. 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 – Refinance now with our Commercial Fast-Finish Mortgage and lock in a special rate. And get your choice of an Apple® iPad or Apple® Watch totally FREE at closing! Give us a call at 518-943-2600 for rates and details!
Personal Rates
Checking
| Minimum Balance (to obtain APY) | Rate | APY |
|---|---|---|
| FREE e-CHECKING ACCOUNT | ||
| $1 - $500 | 4.89% | 5.00% |
| over $500 | 0.05% | 0.05% to 4.99% |
| 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 | 0.11% | 0.11% |
| $50,000 - higher | 0.11% | 0.11% |
| ULTIMATE CHECKING ACCOUNT | ||
| $1 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.11% | 0.11% |
| $50,000 - $99,999 | 0.11% | 0.11% |
| $100,000 - $499,999 | 0.11% | 0.11% |
| $500,000 - higher | 0.11% | 0.11% |
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 | 4.88% | 5.00% |
| over $500 | 0.05% | 0.05% to 4.99% |
| RISK FREE IRA SAVINGS | ||
| $1 - $24,999 | 0.11% | 0.11% |
| $25,000 - $49,999 | 0.11% | 0.11% |
| $50,000 - $99,999 | 0.11% | 0.11% |
| $100,000 - $499,999 | 0.11% | 0.11% |
| $500,000 - higher | 0.11% | 0.11% |
| 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 | 0.11% | 0.11% |
| $50,000 - $99,999 | 0.11% | 0.11% |
| $100,000 - $499,999 | 0.11% | 0.11% |
| $500,000 - higher | 0.11% | 0.11% |
| 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 | 0.11% | 0.11% |
| $100,000 - $499,999 | 0.11% | 0.11% |
| $500,000 - $999,999 | 0.11% | 0.11% |
| $1,000,000 - $1,999,999 | 0.11% | 0.11% |
| $2,000,000 - higher | 0.11% | 0.11% |
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 | 4.88% | 5.00% |
| over $100 | 0.05% | 0.05% to 4.99% |
| 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% |
| 5 STAR CD** | ||
| 5 Year | 2.82% | 2.90% |
| 5 Year Relationship CD-with active checking account* | 3.30% | 3.40% |
| CERTIFICATES OF DEPOSIT and IRA CERTIFICATES OF DEPOSIT** | ||
| 5 Month | 3.15% | 3.25% |
| 5 Month Relationship CD-with active checking account* | 3.63% | 3.75% |
| 6 Month | 0.25% | 0.25% |
| 7 Month | 0.25% | 0.25% |
| 8 Month | 0.25% | 0.25% |
| 9 Month | 0.25% | 0.25% |
| 1 Year | 0.25% | 0.25% |
| 15 Month | 0.30% | 0.30% |
| 18 Month | 0.30% | 0.30% |
| 20 Month | 0.34% | 0.35% |
| 2 Year | 0.34% | 0.35% |
| 2 1/2 Year | 0.34% | 0.35% |
| 3 Year | 0.34% | 0.35% |
| 4 Year | 0.34% | 0.35% |
*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 | *6.190% | 0.00% | 1.50% | 12.190% | 2.75% | 7.008% | $6.12 |
| 5/1 | 6.440% | 0.00% | 1.50% | 12.440% | 3.00% | 7.264% | $6.28 |
| 10/1 | *6.625% | 0.00% | 1.50% | 12.625% | 2.75% | 7.029% | $6.40 |
| 10/1 | 6.875% | 0.00% | 1.50% | 12.875% | 3.00% | 7.285% | $6.57 |
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 |
|---|---|---|---|
| 15 Year Term | |||
| *6.500% | 0.00% | 6.817% | $8.71 |
| 6.750% | 0.00% | 7.072% | $8.85 |
| 20 Year Term | |||
| *6.625% | 0.00% | 6.882% | $7.53 |
| 6.875% | 0.00% | 7.137% | $7.68 |
*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 $806,500 or less. APR= Annual Percentage Rate. APR listed is based on a $100,000 Mortgage Loan.
Additional Information
Mortgage Application Checklist
MOBILE HOME LOANS
Maximum Loan to Value – 75% on Single-wide homes and 85% on Double-wide homes on foundation.
Doublewide manufactured housing – maximum term 30 years.
Singlewide manufactured housing – maximum term of 20 years, add 1.00%.
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 .25% for three & four family owner-occupied dwellings.
Loan Amounts
For requests in excess of $806,500 maximum loan to value is 75%.
PROCESSING FEES
Credit Report fee – due at time of application – $50.00 for Individuals and $100.00 due for Joint Applicants.
Appraisal fee – $375.00 due prior to appraisal order. (Additional charge for 2 family & up.)
Origination Fee – .75% for Purchase, Refinance, and Mortgage Modifications
Origination Fee – 1.00% for Construction Mortgages
Application fee – $100.00
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.
The Bank of Greene County also offers a First Time Home Buyer Program, please call today for details.
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) 943-2600.
The above rates and terms are subject to daily change without notice. Please call our lending center at (518) 943-2600 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 | ||
| *6.590% | 6.613% | $19.61 |
| 6.840% | 6.863% | $19.73 |
| 10-year term | ||
| *6.790% | 6.802% | $11.50 |
| 7.040% | 7.052% | $11.63 |
| 15-year term | ||
| *6.990% | 6.999% | $8.98 |
| 7.240% | 7.249% | $9.12 |
* 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 Vacant Land Loan Mortgage. Rate locked for 90 days from date of application.
Additional Information
- No closing costs, except mandatory New York State Mortgage Tax. Title insurance may be required, additional fees apply.
- 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 estimated cost
- Home Equity Loans paid or refinanced within 3 years may require closing costs to 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 | ||
| *7.750% | 7.942% | $20.16 |
| 8.000% | 8.192% | $20.28 |
| 10-year term | ||
| *8.500% | 8.605% | $12.40 |
| 8.750% | 8.855% | $12.53 |
| 15-year term | ||
| *8.750% | 8.827% | $9.99 |
| 9.000% | 9.077% | $10.14 |
* 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. Rate locked for 90 days from date of application.
Additional Information
- No closing costs, except mandatory New York State Mortgage Tax. Title insurance may be required, additional fees apply.
- Rates quoted are for 1 to 2 family homes, owner occupied only
- Maximum LTV of 70%
- Appraisal required -$225.00 – $375.00 estimated cost
- Home Equity Loans paid or refinanced within 3 years may require closing costs be reimbursed to the bank.
Vacant Land Loans — Fixed Rate
(subject to credit approval)
| Rate | APR | Monthly P & I Payment per $1,000 |
|---|---|---|
| 5-year term | ||
| *7.500% | 9.253% | $20.04 |
| 7.750% | 9.516% | $20.16 |
| 10-year term | ||
| *8.250% | 9.225% | $12.27 |
| 8.500% | 9.485% | $12.40 |
| 15-year term | ||
| *8.750% | 9.473% | $9.99 |
| 9.000% | 9.733% | $10.14 |
* 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. Rate locked for 90 days from date of application.
Additional Information
- Appraisal required – estimated cost of $375.00
- Application fee of $100.00 and Origination fee of .75%.
- Loan amounts of $10,000 – $150,000 only.
- Survey may be required.
- Require copy of sales contract
- Maximum LTV 70%.
GreenEquity Line of Credit: (1-2) family owner occupied
- First Lien Position* – Fixed Rate: 6.375% during 120 months draw period with auto-debit from a Bank of Greene County checking account. Standard Rate is 6.625% Program applies to loan amounts $20,000-$806,500. Annual Percentage Rate (APR) is Prime after draw period, current prime rate: 7.50%. Auto-debit rate is Prime -.25%. Loan amounts greater than $806,500, Fixed Rate: 6.875% during 120 month draw period with auto-debit from a Bank of Greene County checking account, Standard rate is 7.125%. Annual Percentage Rate (APR) is Prime +.50% after draw period, current rate: 8.00% and Auto-debit rate is Prime +.25% for loans of $766,550 or greater. Rates may adjust daily and are subject to change.
Floor Rate: 6.375%, Ceiling: 25.0%.
Maximum loan amount set at 80% of appraised value less first mortgage (if applicable) for loan amounts up to $806,500. Loan amounts greater than $806,500 maximum loan amount set at 75% of appraised value less first mortgage balance (if applicable). 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* – Fixed Rate: 6.875% during 120 month draw period with auto debit from a Bank of Greene County checking account. Program applies to loan amounts of $20,000-$250,000. Rates may adjust daily and are subject to change. Floor Rate: 6.875%, Ceiling: 25.0%. Standard rate applies to loan amounts of $20,000-$250,000 without auto-debit payment. Standard rate is 7.125% during 120 month draw period. Annual Percentage Rate (APR) is Prime +.50% after draw period, current rate is 8.00%. Auto debit rate is Prime +.25%.Maximum loan amount set at 70% of appraised value less first mortgage. 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 — Year 2024-2025 | |||
| 12-66 Months | 6.50%* 7.00% |
6.50%* 7.00% |
$18.06 $18.30 |
| Used Auto — 2016-2024: Maximum term 60 months | |||
| 12-60 Months | 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 25,000 Miles
Personal Loan Rates
| Term | Rate | APR | Monthly P&I Payment Per $1,000 |
|---|---|---|---|
| UNSECURED | |||
| 12-60 Months | 13.49%* 13.99% |
13.49%* 13.99% |
$23.00 $23.26 |
| SECURED | |||
| 12-60 Months | 10.99* 11.49% |
10.99* 11.49% |
$21.74 $21.99 |
| CASH SECURED LOAN | |||
| Maximum term 60 Months Minimum $1,000 Max LTV 90% Must be secured by Bank of Greene County Deposit Account |
6.25%* 6.75% |
6.25% 6.75% |
$19.45 $19.68 |
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-$500 | 4.89% | 5.00% |
| over $500 | 0.05% | 0.05% to 4.99% |
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 | 0.11% | 0.11% |
| $100,000 - $499,999 | 0.11% | 0.11% |
| $500,000 - $999,999 | 0.11% | 0.11% |
| $1,000,000 - $1,999,999 | 0.11% | 0.11% |
| $2,000,000 - higher | 0.11% | 0.11% |
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 | 4.88% | 5.00% |
| over $500 | 0.05% | 0.05% to 4.99% |
| 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% |
| 5-STAR CD** | ||
| 5 Year | 2.82% | 2.90% |
| 5 Year Relationship CD-with active checking account* | 3.30% | 3.40% |
| CERTIFICATES OF DEPOSIT and IRA CERTIFICATES OF DEPOSIT** | ||
| 5 Month | 3.15% | 3.25% |
| 5 Month Relationship CD-with active checking account* | 3.63% | 3.75% |
| 6 Month | 0.25% | 0.25% |
| 7 Month | 0.25% | 0.25% |
| 8 Month | 0.25% | 0.25% |
| 9 Month | 0.25% | 0.25% |
| 1 Year | 0.25% | 0.25% |
| 15 Month | 0.30% | 0.30% |
| 18 Month | 0.30% | 0.30% |
| 20 Month | 0.34% | 0.35% |
| 2 Year | 0.34% | 0.35% |
| 2 1/2 Year | 0.34% | 0.35% |
| 3 Year | 0.34% | 0.35% |
| 4 Year | 0.34% | 0.35% |
*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.
