Savings

Business Savings

Save your business' excess funds with the added assurance that they are available to withdraw or transfer at any time.

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  • Earns a variable rate of interest
  • Free ATM card with 24-hour ATM access
  • $5.00 monthly maintenance fee waived with direct deposit, a $500 average monthly account balance, or combined average balance of $5,000 or more in accounts (Checking, Savings, CD and Money Market)*
  • Make transfers in person, online, by mail, or at an ATM1
  • Online Banking available
  • Offers full liquidity
  • Complete insurance with FDIC and SIF

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check or similar order to third parties are limited to six per statement cycle.

View Current Rates

Effective Date: Saturday, December 16, 2017

Interest Rate APY Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
0.05% 0.05% 0.06% 0.10%

APY=Annual Percentage Yield

$10.00 minimum balance to open and earn APYs. Fees may reduce earnings. Variable rate may change.

1 Maintain a minimum average monthly checking balance of $15,000 or a minimum average monthly combined balance of $25,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.01% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.

2 Maintain a minimum average monthly checking balance of $50,000 or a minimum average monthly combined balance of $100,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.05% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.

Business Money Market

With the tiered interest rate structure of our Business Money Market account, your reserves can work even harder to grow you business' savings. As your balance grows, the interest rate will increase automatically.

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  • Earns a premium variable rate of interest which increases as your balance grows
  • Low $2,500 average daily balance waives a $5.00 monthly maintenance fee*
  • Free ATM or Debit card with 24-hour ATM access
  • Online Banking available
  • Check writing privileges1
  • Complete insurance with FDIC and SIF
  • Make transfers or withdrawals in person, online, by mail, or at an ATM1

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check or similar order to third parties are limited to six per statement cycle.

View Current Rates

Effective Date: Saturday, December 16, 2017

Balance Interest Rate APY Optimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
$10 - 99,999.99 0.05% 0.05% 0.06%0.10%
$100,000 - 2,499,999.99 0.05% 0.05% 0.06%0.10%
$2,500,000 + up 0.05% 0.05% 0.06%0.10%

APY=Annual Percentage Yield

Fees may reduce earnings. Rates are subject to change without notice. Minimum balance required to open and earn Annual Percentage Yield (APY).

1 Maintain a minimum average monthly checking balance of $15,000 or a minimum average monthly combined balance of $25,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.01% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.

2 Maintain a minimum average monthly checking balance of $50,000 or a minimum average monthly combined balance of $100,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.05% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.

Business Certificate of Deposit (CD)

Safely invest your business' earnings and build your bottomline with a Certificate of Deposit (CD). Select a suitable term length for funds to accrue competitive interest, and never worry about paying a monthly maintenance fee.

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  • Competitive rates
  • Low minimum balance to open
  • No monthly maintenance fee*
  • Terms from 30 days to 60 months
  • Automatic renewals
  • Complete insurance with FDIC and SIF

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

View Current Rates

Effective Date: Saturday, December 16, 2017

Term Minimum Daily Balance to open & earn APY Interest Rate APY Optimum Benefits Tier III APY1 Optimum Benefits Tier IV APY2
3 months $1,000 0.05% 0.05% 0.06% 0.10%
6 months $1,000 0.26% 0.26% 0.27% 0.31%
9 months $1,000 0.40% 0.40% 0.41% 0.45%
12 months $1,000 0.55% 0.55% 0.56% 0.60%
15 months $1,000 0.60% 0.60% 0.61% 0.65%
18 months $1,000 0.65% 0.65% 0.66% 0.70%
24 months $1,000 0.70% 0.70% 0.71% 0.75%
30 months $1,000 0.80% 0.80% 0.81% 0.85%
36 months $1,000 0.85% 0.85% 0.86% 0.90%
48 months $1,000 1.14% 1.15% 1.16% 1.20%
60 months $1,000 1.15% 1.16% 1.17% 1.21%

APY=Annual Percentage Yield

Penalties may be imposed on early withdrawals. Fees may reduce earnings. Rates are subject to change without notice. Minimum balance required to open and earn Annual Percentage Yield (APY).

1 Maintain a minimum average monthly checking balance of $15,000 or a minimum average monthly combined balance of $25,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.01% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.  Not available on the promotional 9 month CD.

2 Maintain a minimum average monthly checking balance of $50,000 or a minimum average monthly combined balance of $100,000 in StonehamBank checking, savings, money market, IRA, and CD accounts to earn +0.05% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.  Not available on the promotional 9 month CD.

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