Personal Account Rates

Checking

Effective Date: Tuesday, February 21, 2017

Account Base Interest Rate (Optimum Tier I & II) Base APY (Optimum Tier I & II) Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
Optimum Interest Checking .05% .05% .06% .10% Open
PaySound Checking .05% .05% N/A N/A

Learn more about Optimum Banking Personal Benefit Levels

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.


Savings

Effective Date: Tuesday, February 21, 2017

Account Base Interest Rate (Optimum Tier I & II) Base APY (Optimum Tier I & II) Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
Optimum Savings .05% .05% .06% .10% Open
Passbook Savings .05% .05% .06% .10% How To Open
Holiday Club Account .05% .05% .06% .10% Open
Vacation Club Account .05% .05% .06% .10% Open

Learn more about Optimum Banking Personal Benefit Levels

APY = Annual Percentage Yield

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

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.


Money Market

Effective Date: Tuesday, February 21, 2017

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

Learn more about Optimum Banking Personal Benefit Levels

APY = Annual Percentage Yield

$10 minimum balance to open and earn APY. Fees may reduce earnings. Variable rate may change after account is opened. Certain other restrictions may apply.

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.


Certificates of Deposit

Effective Date: Tuesday, February 21, 2017

Term Minimum Daily Balance
to open & earn APY *
Base Interest Rate (Optimum Tier I & II) Base APY (Optimum Tier I & II) Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
3 months $1,000.00 0.05% 0.05% 0.06% 0.10% Open 
6 months $1,000.00 0.26% 0.26% 0.27% 0.31% Open
9 months $1,000.00 0.26% 0.26% 0.27% 0.31% Open
12 months $1,000.00 0.55% 0.55% 0.56% 0.60% Open
13 months $1,000.00 0.55% 0.55% 0.56% 0.60% Open
15 months $1,000.00 0.60% 0.60% 0.61% 0.65% Open
18 months $1,000.00 1.19% 1.20% 1.21% 1.25% Open
22 Months $1,000.00 1.04% 1.05% 1.06% 1.10% Open
24 months $1,000.00 1.08% 1.09% 1.10% 1.14% Open
30 months $1,000.00 1.00% 1.00% 1.01% 1.05% Open 
36 months $1,000.00 1.05% 1.06% 1.07% 1.11% Open
48 months $1,000.00 1.59% 1.60% 1.61% 1.65% Open
60 months $1,000.00 1.15% 1.16% 1.17% 1.21% Open

Learn more about Optimum Banking Personal Benefit Levels

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). Select terms available for online account opening. 

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.


Individual Retirement Accounts

Effective Date: Tuesday, February 21, 2017

Term Minimum Daily Balance
to earn APY
Base Interest Rate (Optimum Tier I & II) Base APY (Optimum Tier I & II) Optimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
3 months $1,000.00 0.05% 0.05% 0.06% 0.10% How To Open
6 months $1,000.00 0.26% 0.26% 0.27% 0.31% How To Open
9 months $1,000.00 0.26% 0.26% 0.27% 0.31% How To Open
12 months $1,000.00 0.55% 0.55% 0.56% 0.60% How To Open
13 months $1,000.00 0.55% 0.55% 0.56% 0.60% How To Open
15 months $1,000 0.60% 0.60% 0.61% 0.65% How To Open
18 months $1,000.00 1.19% 1.20% 1.21% 1.25% How To Open
22 months $1,000.00 1.04% 1.05% 1.06% 1.10% How To Open
24 months $1,000.00 1.08% 1.09% 1.10% 1.14% How To Open 
30 months $1,000.00 1.00% 1.00% 1.01% 1.05% How To Open 
36 months $1,000.00 1.05% 1.06% 1.07% 1.11% How To Open
48 months $1,000.00 1.59% 1.60% 1.61% 1.65% How To Open
60 months $1,000.00 1.15% 1.16% 1.17% 1.21%  How To Open

Learn more about Optimum Banking Personal Benefit Levels

APY = Annual Percentage Yield

Penalties may be imposed on early withdrawals. Fees may reduce earnings. Rates are subjected 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.

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