Deposit
Rates as of //
Rates are set by the Bank and subject to change without notice.
Please call us at 617-471-0750 to verify current rates and APY.
Fixed Interest Rates
Certificate of Deposit
| Rate | Annual Percentage Yield (APY)* | ||
|---|---|---|---|
| Simple Interest | |||
|
6 Month
|
3.69%
|
3.75%
|
|
| 9 Month | 0.15% | 0.15% | |
| Monthly Compounding | |||
|
1 Year 15 Month 18 Month |
|
3.54% 0.25% 3.45% |
3.60% 0.25% 3.50% |
|
2 Year |
|
1.98% |
2.00%
|
|
30 Month |
|
0.35% |
0.35% |
|
3 Year |
0.40% |
0.40% |
|
|
4 Year |
|
0.45% |
0.45% |
*The minimum balance to open and earn the stated APY is $1,000.
The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000. All portions of deposits in excess of $250,000 are insured by the Depositors Insurance Fund (DIF).
Variable Interest Rates
Money Market
| Rate | Annual Percentage Yield (APY) | |
|---|---|---|
| High Yield Reserve* | ||
| Balances below $75,000.00 | 0.15% |
0.15% |
| $75,000.00 and over | 0.30% | 0.30% |
| Tiered Money Market* | ||
| Balances below $5,000.00 | 0.05% | 0.05% |
| $5,000.00 to $14,999.99 | 0.10% | 0.10% |
| $15,000.00 to $24,999.99 | 0.15% | 0.15% |
| $25,000.00 to $49,999.99 | 0.20% | 0.20% |
| $50,000.00 and over | 0.25% | 0.25% |
| Money Market** | ||
| Balances below $2,500.00 | 0.05% | 0.05% |
| $2,500.00 and over | 0.10% | 0.10% |
*The minimum balance to open is $5,000.00. Minimum to earn the stated APY is $0.01.
**The minimum balance to open is $2,500.00. Minimum to earn the stated APY is $0.01.
Savings and Checking
| Rate | Annual Percentage Yield (APY) | ||
|---|---|---|---|
| Checking | |||
| NOW* | 0.05% | 0.05% | |
| FREE** | 0.00% | 0.00% |
*The minimum balance to open is $250.00. The minimum balance to earn the stated APY is $50.00.
**The minimum balance to open is $25.00.
| Rate | Annual Percentage Yield (APY) | ||
|---|---|---|---|
| Savings | |||
| Passbook* | 0.10% | 0.10% | |
| Statement* | 0.10% | 0.10% | |
| Savings Builder** |
0.10% |
0.10% | |
| Club*** | 0.05% | 0.05% |
*The minimum balance to open is $200.00. The minimum balance to earn the stated APY is $50.00.
**The minimum balance to open and earn the stated APY is $50.00.
***The minimum balance to open and earn the stated APY is $10.00.
Account Disclosures
The APYs are accurate as of the date listed.
Interest is paid the first of each month on all accounts, except the 3 month certificate of deposit, which is paid at maturity.
A penalty may be imposed for early withdrawal of funds as follows:
-
-
-
-
- 90 Days simple interest on certificates of one year or less
-
-
-
- 180 Days simple interest on certificates with terms greater than one year.
Fees could reduce earnings on these accounts.
Please contact us for complete account disclosures.