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APY=Annual Percentage Yield. APYs accurate as of November 14th, 2019.

MoneyMaking Checking Learn More

Balance Minimum Opening Deposit Interest Rate APY
On balance from $0.01 - $25,000
if qualifications* are met
$10 1.99% 2.01%
On amount of balance over $25,000
if qualifications* are met
$10 0.25% 2.01% to 0.60%
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
$0.01 - $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% 
12 month Educational  $1000.00  0.44%  0.45% 
24 month Educational  $1000.00  0.74%  0.75% 
36 month Educational  $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