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Home Equity Line of Credit Learn More

Term APR
10 Year Draw, 15 Year Repayment. 7.00%1

1Rates are accurate as of Today's Date (Do Not Delete). The rate will be variable based on the Prime Rate published in the Wall Street Journal. The maximum APR is 18%. An early termination fee of $500 will apply if loan is paid and discharged within 36 months from date of origination. Property insurance is required. Minimum line amount is $7,500. The interest paid on a home equity loan or credit line may be tax deductible depending on your particular tax status. Consult your tax advisor regarding tax deductibility. Not available to existing Home Equity customers. Offer can end at any time without notice. There are no points, no closing costs, and there are no appraisal fees unless you request us to use a value different than your town's assessed value, and that appraisal cost would be your responsibility. Fees to open the plan total between $0 and $1,500. Credit offer is subject to credit approval.

Deposit Rates

Savings and deposit account interest rates are effective as of 12/4/22 and are variable rates that may change after the account is opened without notice. Term IRA and Term Certificate of Deposit (CD) accounts offer fixed rates throughout the term of the account. Substantial penalties may apply for early withdrawal from IRA and CD accounts.

Fees could reduce earnings.

APY = Annual Percentage Yield.

MoneyMaking Checking Learn More

Balance Minimum Opening Deposit Interest Rate APY
On balance from $0.01 - $25,000
if qualifications* are met
$10 1.00% 1.00%
On amount of balance over $25,000
if qualifications* are met
$10 0.25% 1.00% to 0.40%
All balances if qualifications not met $10 0.05% 0.05%

*Qualifications - Enrollments must be in place and all of the following transactions and activities must post and settle to your MoneyMaking Checking account during each Monthly Qualification Cycle:

  • Have at least 12 Monson Savings Bank debit card purchases post and settle; and
  • Have at least 1 direct deposit or ACH automatic payment post and settle; and
  • Be enrolled in and agree to receive eStatements.

MoneyMaking Savings Learn More

Balance Minimum Opening Deposit Interest Rate APY
On balance from $0.01 - $100,000
if qualifications* are met
$10 0.75% 0.75%
On amount of balance over $100,000
if qualifications* are met
$10 0.25% 0.75% to 0.50%
All balances if qualifications not met $10 0.05% 0.05%

*Qualifications - Qualify for MoneyMaking Checking and you also qualify for MoneyMaking Savings.

CashBack Checking Learn More

Checking
Free checking that earns up to $240 cash back a year.

Free Checking Learn More

Minimum Balance to Obtain APY Minimum Opening Deposit Interest Rate APY
All balances $10 0.00% 0.00%

Statement Savings Learn More

Minimum Balance to Obtain APY Minimum Opening Deposit Interest Rate APY
$10.00 - $2,499.99 $10 0.02% 0.02%
$2,500.00 - $9,999.99 $10  0.05% 0.05%
$10,000.00 - $24,999.99  $10  0.05%  0.05% 
$25,000.00 - $49,999.99  $10  0.05% 0.05%
$50,000.00 - $99,999.99  $10  0.10%  0.10%
$100,000.00 plus  $10  0.15% 0.15%

Fees could reduce earnings

Business Checking Accounts Learn More

Account Minimum Opening Deposit Interest Rate APY
Business Checking $0.00 0.00% 0.00%
Small Business Checking $50.00 0.00% 0.00% 

Business Savings Accounts Learn More

Minimum Balance to Obtain APY Interest Rate APY
$0.01 - $2,500.00 0.02% 0.02%
$2,500.00 - $9,999.99 0.05% 0.05%
$10,000.00 - $24,999.99  0.05% 0.05% 
$25,000.00 - $49,999.99  0.05% 0.05%
$50,000.00 - $99,999.99  0.10% 0.10%
$100,000.00 plus  0.15% 0.15%

Fees could reduce earnings
Minimum deposit to open account is $50.00

IRA Certificates Learn More

Term Minimum Balance to Obtain APY Interest Rate APY
6 month  $1000.00 0.10% 0.10%
9 month $1000.00 0.10% 0.10%
12 month  $1000.00 0.15% 0.15% 
18 month  $1000.00 0.20% 0.20%
24 month  $1000.00 0.25% 0.25%
30 month  $1000.00 0.30% 0.30%
36 month  $1000.00 0.30% 0.30%
60 month Variable**  $1000.00 0.30% 0.30%
6 month Roth  $1000.00  0.10% 0.10%
12 month Roth  $1000.00  0.15%  0.15% 
18 month Roth  $1000.00  0.20% 0.20%
24 month Roth  $1000.00  0.25% 0.25%
30 month Roth  $1000.00  0.30% 0.30%
36 month Roth  $1000.00  0.30% 0.30%

** Variable rate product, interest rate and APY are based on money market rates and may change after the account is opened

Fees could reduce earnings
Minimum of $1,000 is required to open account
Early withdrawal penalty imposed

Certificates of Deposit (CDs) Learn More

Term Minimum Balance to Obtain APY Interest Rate APY
3 month $1000.00 0.05% 0.05%
6 month  $1000.00 0.10% 0.10%
9 month  $1000.00 0.10% 0.10%
12 month  $1000.00 0.15% 0.15%
18 month  $1000.00 0.20% 0.20%
24 month  $1000.00 0.25% 0.25%
30 month $1000.00  0.30% 0.30%
36 month  $1000.00  0.30% 0.30%
42 month  $1000.00  0.30% 0.30%

Fees could reduce earnings
Minimum of $1,000 is required to open account
Early withdrawal penalty imposed