| Term | APR |
|---|---|
| Fixed up to 12 Months | 1.5%2 |
| Then Prime, currently | 5.5%2 |
2Rates are accurate as of Today's Date (Do Not Delete). The special rate is automatically applicable for the first 6-month period. After the first 6 months, the rate will be variable based on the Prime Rate published in the Wall Street Journal. The special rate will be extended for an additional 6 months if the borrower signs up for and maintains automatic payments for this Home Equity Line of Credit from a Monson Savings Bank checking account prior to closing on the loan. In this case, after the first 12 months, 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.
Savings and deposit account interest rates are effective as of 8/7/22 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.
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| On balance from $0.01 - $25,000 if qualifications* are met |
$10 | 0.50% | 0.50% |
| On amount of balance over $25,000 if qualifications* are met |
$10 | 0.10% | 0.50% to 0.18% |
| 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:
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| On balance from $0.01 - $100,000 if qualifications* are met |
$10 | 0.20% | 0.20% |
| On amount of balance over $100,000 if qualifications* are met |
$10 | 0.10% | 0.20% to 0.15% |
| All balances if qualifications not met | $10 | 0.05% | 0.05% |
*Qualifications - Qualify for MoneyMaking Checking and you also qualify for MoneyMaking Savings.
| Checking |
|---|
| Free checking that earns up to $240 cash back a year. |
| Minimum Balance to Obtain APY | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| All balances | $0.00 | 0.00% | 0.00% |
| 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
| Account | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| Business Checking | $0.00 | 0.00% | 0.00% |
| Small Business Checking | $50.00 | 0.00% | 0.00% |
| 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
| 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
| 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
