Savings and deposit account interest rates are effective as of 12/06/2019, 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. Fees could reduce earnings and substantial penalties may apply for early withdrawal from IRA and CD accounts.
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 | 1.74% | 1.75% |
| On amount of balance over $25,000 if qualifications* are met |
$10 | 0.25% | 1.75% to 0.55% |
| All balances if qualifications not met | $10 | 0.05% | 0.05% |
Qualifications
To qualify each qualification period, you must:
- Have at least 12 Monson Savings Bank debit card purchases post and settle.
- Have at least 1 direct deposit or ACH automatic payment post and settle.
- 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 Money Making Checking and you also qualify for Money Making 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 | $0.00 | 0.00% | 0.00% |
Statement Savings Learn More
| Minimum Balance to Obtain APY | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $10.01 - $2,500.00 | $10 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | $10 | 0.20% | 0.20% |
| $10,000.00 - $24,999.99 | $10 | 0.25% | 0.25% |
| $25,000.00 - $49,999.99 | $10 | 0.25% | 0.25% |
| $50,000.00 - $99,999.99 | $10 | 0.30% | 0.30% |
| $100,000.00 plus | $10 | 0.35% | 0.35% |
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 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | 0.20% | 0.20% |
| $10,000.00 - $24,999.99 | 0.25% | 0.25% |
| $25,000.00 - $49,999.99 | 0.25% | 0.25% |
| $50,000.00 - $99,999.99 | 0.30% | 0.30% |
| $100,000.00 plus | 0.35% | 0.35% |
Fees could reduce earnings
Minimum deposit to open account is $50.00
Certificates of Deposit (CDs) Learn More
| Term | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|
| 3 month | $1000.00 | 0.20% | 0.20% |
| 6 month | $1000.00 | 0.30% | 0.30% |
| 9 month | $1000.00 | 0.34% | 0.35% |
| 12 month | $1000.00 | 0.44% | 0.45% |
| 18 month | $1000.00 | 0.54% | 0.55% |
| 24 month | $1000.00 | 0.74% | 0.75% |
| 30 month | $1000.00 | 0.79% | 0.80% |
| 36 month | $1000.00 | 0.98% | 1.00% |
| 42 month | $1000.00 | 1.08% | 1.10% |
Fees could reduce earnings
Minimum of $1,000 is required to open account
Early withdrawal penalty imposed
IRA Certificates Learn More
| Term | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|
| 6 month | $1000.00 | 0.30% | 0.30% |
| 9 month | $1000.00 | 0.34% | 0.35% |
| 12 month | $1000.00 | 0.44% | 0.45% |
| 18 month | $1000.00 | 0.54% | 0.55% |
| 24 month | $1000.00 | 0.74% | 0.75% |
| 30 month | $1000.00 | 0.79% | 0.80% |
| 36 month | $1000.00 | 0.98% | 1.00% |
| 60 month Variable** | $1000.00 | 1.18% | 1.20% |
| 6 month Roth | $1000.00 | 0.30% | 0.30% |
| 12 month Roth | $1000.00 | 0.44% | 0.45% |
| 18 month Roth | $1000.00 | 0.54% | 0.55% |
| 24 month Roth | $1000.00 | 0.74% | 0.75% |
| 30 month Roth | $1000.00 | 0.79% | 0.80% |
| 36 month Roth | $1000.00 | 0.98% | 1.00% |
** 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