Checking

Optimum Free Checking

With this account, you will enjoy valuable account benefits and a variety of tools to help you manage your finances and access your funds.

View All Features

View Optimum Benefit Levels

Level 1

Average Monthly Checking Balance Minimum:$0
- or -
Average Combined Balance Minimum1: $0
Active Checking Account Required2:No

You get:

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

Level II

Average Monthly Checking Balance Minimum: $3,000
- or -
Average Combined Balance Minimum1:$10,000
Active Checking Account Required2: Yes

You get:

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

Level III

Average Monthly Checking Balance Minimum:$15,000
- or -
Average Combined Balance Minimum1:$25,000
Active Checking Account Required2: Yes

You get:

  • Access to 55,000+ Surcharge-Free Allpoint Network ATMs
  • Free Retirement Planning
  • Free Use of Coin Counting Machine
  • Free Companion Savings Account
  • Free Debit Card
  • Free Mobile Banking
  • Free Online Banking
  • Free Unlimited Point of Sale Transactions
  • Free Notary Services
  • Stop Payment Fees Waived
  • Free Foreign ATM Transactions
  • +.01% APY Bonus Savings and Money Market Rates3
  • +.01% APY Bonus CD and IRA Rates
  • -0.125% APY Discount on Home Equity Line APR4
  • Credit for Check Orders up to $305
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Rebate on Other Bank ATM Surcharges

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

3Bonus is applied to the account’s interest rate. Interest rate will determine APY (Annual Percentage Yield). Bonus rate increase to CDs and IRAs effective at time CD or IRA is opened and/or renewed. Interest rates subject to change. See our website for current rate information.

4Home Equity Line APR (Annual Percentage Rate) decrease does not apply beyond minimum “floor” rate of loan program per terms of loan note.

5Call 1-888-402-2265 for more information.

Level IV

Average Monthly Checking Balance Minimum: $50,000
- or -
Average Combined Balance Minimum1:$100,000
Active Checking Account Required2: Yes

You get:

  • Access to 55,000+ Surcharge-Free Allpoint Network ATMs
  • Free Retirement Planning
  • Free Use of Coin Counting Machine
  • Free Companion Savings Account
  • Free Debit Card
  • Free Mobile Banking
  • Free Online Banking
  • Free Unlimited Point of Sale Transactions
  • Free Notary Services
  • Stop Payment Fees Waived
  • Free Foreign ATM Transactions
  • +.05% APY Bonus Savings and Money Market Rates3
  • +.05% APY Bonus CD and IRA Rates
  • -0.25% APY Discount on Home Equity Line APR4
  • Credit for Check Orders up to $305
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Rebate on Other Bank ATM Surcharges

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

3Bonus is applied to the account’s interest rate. Interest rate will determine APY (Annual Percentage Yield). Bonus rate increase to CDs and IRAs effective at time CD or IRA is opened and/or renewed. Interest rates subject to change. See our website for current rate information.

4Home Equity Line APR (Annual Percentage Rate) decrease does not apply beyond minimum “floor” rate of loan program per terms of loan note.

5Call 1-888-402-2265 for more information.

This is a non-interest bearing account. $10 minimum to open account. For a full explanation of our fees, please refer to our Fee Schedule.

Optimum Interest Checking

Get more with your everyday checking account. Earn a competitive interest rate on your balance while utilizing convenient tools to manage your money.

View All Features

1 $10 minimum balance required to earn interest.

2 For a full explanation of our fees, please refer to our Fee Schedule.

View Current Rates

Effective Date: Monday, June 26, 2017

Base Interest Rate
(Optimum Tier I & II)
Base APY
(Optimum Tier I & II)
Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
.05% .05% .06% .10%

APY = Annual Percentage Yield

$10.00 minimum balance to open and earn APY. Fees may reduce earnings. Variable rate may change after account is opened. Certain other restriction may apply.

1Maintain 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.

2Maintain 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.

View Optimum Benefit Levels

Level 1

Average Monthly Checking Balance Minimum:$0
- or -
Average Combined Balance Minimum1: $0
Active Checking Account Required2:No

You get:

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

Level II

Average Monthly Checking Balance Minimum: $3,000
- or -
Average Combined Balance Minimum1:$10,000
Active Checking Account Required2: Yes

You get:

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

Level III

Average Monthly Checking Balance Minimum:$15,000
- or -
Average Combined Balance Minimum1:$25,000
Active Checking Account Required2: Yes

You get:

  • Access to 55,000+ Surcharge-Free Allpoint Network ATMs
  • Free Retirement Planning
  • Free Use of Coin Counting Machine
  • Free Companion Savings Account
  • Free Debit Card
  • Free Mobile Banking
  • Free Online Banking
  • Free Unlimited Point of Sale Transactions
  • Free Notary Services
  • Stop Payment Fees Waived
  • Free Foreign ATM Transactions
  • +.01% APY Bonus Savings and Money Market Rates3
  • +.01% APY Bonus CD and IRA Rates
  • -0.125% APY Discount on Home Equity Line APR4
  • Credit for Check Orders up to $305
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Rebate on Other Bank ATM Surcharges

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

3Bonus is applied to the account’s interest rate. Interest rate will determine APY (Annual Percentage Yield). Bonus rate increase to CDs and IRAs effective at time CD or IRA is opened and/or renewed. Interest rates subject to change. See our website for current rate information.

4Home Equity Line APR (Annual Percentage Rate) decrease does not apply beyond minimum “floor” rate of loan program per terms of loan note.

5Call 1-888-402-2265 for more information.

Level IV

Average Monthly Checking Balance Minimum: $50,000
- or -
Average Combined Balance Minimum1:$100,000
Active Checking Account Required2: Yes

You get:

  • Access to 55,000+ Surcharge-Free Allpoint Network ATMs
  • Free Retirement Planning
  • Free Use of Coin Counting Machine
  • Free Companion Savings Account
  • Free Debit Card
  • Free Mobile Banking
  • Free Online Banking
  • Free Unlimited Point of Sale Transactions
  • Free Notary Services
  • Stop Payment Fees Waived
  • Free Foreign ATM Transactions
  • +.05% APY Bonus Savings and Money Market Rates3
  • +.05% APY Bonus CD and IRA Rates
  • -0.25% APY Discount on Home Equity Line APR4
  • Credit for Check Orders up to $305
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Rebate on Other Bank ATM Surcharges

Optimum benefits subject to change. No more than 99 checking accounts, 99 certificate of deposit accounts, or 99 savings accounts, including IRA and money market accounts.

1Average Combined Balance Minimum refers to the average monthly balance of personal deposit accounts sharing the same reporting Tax ID number as your Optimum checking anchor account.

2An active Optimum checking account is defined as having five or more transactions within a statement cycle, excluding automatic pre-authorized transfers.

3Bonus is applied to the account’s interest rate. Interest rate will determine APY (Annual Percentage Yield). Bonus rate increase to CDs and IRAs effective at time CD or IRA is opened and/or renewed. Interest rates subject to change. See our website for current rate information.

4Home Equity Line APR (Annual Percentage Rate) decrease does not apply beyond minimum “floor” rate of loan program per terms of loan note.

5Call 1-888-402-2265 for more information.

PaySound®

Manage your money with ease and never worry about overdraft fees. This account earns interest and provides a variety of convenient services. Account holders can even take advantage of a no-credit-score line of credit.

View Current Rates

Effective Date: Monday, June 26, 2017

Base Interest Rate
(Optimum Tier I & II)
Base APY
(Optimum Tier I & II)
Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
.05% .05% N/A N/A

APY = Annual Percentage Yield

$10.00 minimum balance to open and earn APY. Fees may reduce earnings. Variable rate may change after account is opened. Certain other restriction may apply.

1Maintain 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.

2Maintain 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.

Product Bundles

Simplify the process of product selection with our bundle options. Products and services with similar qualities are grouped together and wrapped up into a single selection, making it easy to ensure all your spending and saving needs are covered.

View our Student Bundle

Whether you are in school, beginning your career, or just enjoying life after graduation, the last thing you want to worry about is your finances. Our Student Bundle, for customers ages 22 and younger, provides the right mix of accessibility and technology without costly fees.

Included in this bundle:

Other Benefits:

1 $10 minimum to open an Optimum Free Checking account
2 Available for students age 18 and older.

View our Senior Bundle

The Senior Bundle, for customers age 65 or older, provides everything you need to increase your savings while securely managing accounts with ease. Access a suite of benefits and maximize interest earnings with your savings and checking accounts.

Included in this bundle:

Other Benefits:

  • Unlimited check writing with fee reimbursement of up to $35 toward check order
  • Automatic enrollment in our exclusive Optimum Benefits Package
  • Customer Contact Center 888-402-2265

1 $10 minimum to open an Optimum Interest Checking account

Free Bundle

Things just seem better when they are free. Fulfill your everyday banking needs with a selection of our core banking products, coupled with the right blend of technology and convenience - all for free. Bank when, where, and how you want with the Free Bundle.

Included in this bundle:

Other Benefits:

1 $10 minimum to open an Optimum Free Checking account

Interest Bundle

Do you generally keep higher balances in your accounts and want to earn more interest? Consider the Interest Bundle, which is designed to help you maximize interest in all your deposit accounts.

Included in this bundle:

Other Benefits:

  • Customer Contact Center 888-402-2265
  • Live chat support via the StonehamBank website
  • Automatic enrollment in our exclusive Optimum Benefits Package

1 $10 minimum to open an Optimum Interest Checking account

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