Deposit Rates

Deposit Rates Rates are effective as of November 30, 2005
Variable Rate Savings Account (Passbook or Statement)
	Minimum Balance	Rate*	APY
	$10.00	.75	.75
Variable Rate NOW Account
	Minimum Balance	Rate*	APY
	$10.00	.10	.10
Money Market Account Variable Rate
	Minimum Balance	Rate*	APY
Tier 1	$10-$2,499	.10	.10
Tier 2	$2,500-$100,000	1.49	1.50
Tier 3	$100,000 & up	2.47	2.50
IRA Fixed Rate Term Deposit Certificate
Term	Minimum Balance	Rate*	APY
91 Day	None	1.98	2.00
6 Months	None	2.71	2.75
1 Year	None	3.68	3.75
18 Months	None	3.83	3.90
24 Months	None	3.92	4.00
30 Months	None	4.07	4.15
36 Month	None	4.21	4.30
48 Month	None	4.35	4.45
60 Month	None	4.50	4.60
Special	None	None	None
Fixed Rate Term Deposit Certificate
Term	Minimum Balance	Rate*	APY
91 Day	$1,000	1.98	2.00
6 Month	$1,000	2.71	2.75
1 Year	$1,000	3.68	3.75
18 Month	$1,000	3.83	3.90
24 Month	$1,000	3.92	4.00
30 Month	$1,000	4.07	4.15
36 Month	$1,000	4.21	4.30
48 Month	$1,000	4.35	4.45
60 Month	$1,000	4.50	4.60
Special	$1,000	None	None

The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Substantial penalty for early withdrawal. We use the daily balance method to calculate interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks). You must maintain a minimum balance each day in your account, as stated in our account disclosure, in order to earn the annual percentage yield disclosed. For certificates with an original maturity greater than one year, you may not make a deposit into the account during the term. For a current disclosure, please contact Pilgrim Co-operative Bank at 781-383-0541. Certificate rates are subject to change at any time without notice, interest rates for other deposit products may change after the account is opened.

* Interest Rate