| Term | APR |
|---|---|
| 10 Year Draw, 15 Year Repayment. | 7.50%1 |
1Rates are accurate as of Today's Date (Do Not Delete). The Annual Percentage Rate (APR) will be variable based on the highest Prime Rate published in the Wall Street Journal, as published on the first day of each monthly statement cycle and shall be adjusted on the first business day of each subsequent monthly cycle. The maximum APR is 18.00%. An early termination fee of $500 will apply if the loan is paid and discharged within 36 months from the date of origination. Property insurance is required. Flood insurance may be required. Minimum line amount is $7,500. Maximum loan to value is 80% of the home’s value based on a full appraisal report. If a full appraisal is deemed necessary and/or requested by you, you will pay this fee. The current cost for a full appraisal is $585.00 for a single-family property or $785.00 for a 2-4 family property.
You may be required to pay other certain third-party fees to open a credit line, as deemed necessary by Monson Savings Bank. If you ask, we will give you an itemization of the fees you will have to pay to third-parties. If a mortgage needs to be discharged as part of opening this line of credit, the discharge recording fee will be paid by you. This discharge fee can range from $105 -$500. For properties held in a trust, any applicable legal and/or recording fees relating to closing the loan in the trust will be paid by you. These fees can range from $300-$750. Monson Savings Bank will pay all other applicable third-party fees at closing.
Credit offer is subject to credit approval. Offer can end at any time without notice. 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.
Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).
Savings and deposit account interest rates are effective as of 7/14/25 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 | 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:
| 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.
| 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 | $10 | 0.00% | 0.00% |
| Minimum Balance to Obtain APY | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $10.00 - $2,499.99 | $10 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | $10 | 0.15% | 0.15% |
| $10,000.00 - $24,999.99 | $10 | 0.15% | 0.15% |
| $25,000.00 - $49,999.99 | $10 | 0.15% | 0.15% |
| $50,000.00 - $99,999.99 | $10 | 0.25% | 0.25% |
| $100,000.00 plus | $10 | 0.30% | 0.30% |
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 |
|---|---|---|
| $10 - $2,500.00 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | 0.15% | 0.15% |
| $10,000.00 - $24,999.99 | 0.15% | 0.15% |
| $25,000.00 - $49,999.99 | 0.15% | 0.15% |
| $50,000.00 - $99,999.99 | 0.25% | 0.25% |
| $100,000.00 plus | 0.30% | 0.30% |
Fees could reduce earnings. Minimum deposit to open account is $50.00.
| 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.
| 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.
