Individual Retirement Accounts


Save for retirement and watch your money grow predictably and safely with a StonehamBank Individual Retirement Account (IRA). Benefits include:

  • The flexibility to choose term - from 3 months to 5 years1
  • Receive up to a +.05% APY IRA bonus* - bonus based on the combined balance in your StonehamBank checking, savings, money market, IRA, and CD accounts
  • Annual IRA fee2 waived when you maintain an average balance of $15,000 in a StonehamBank checking account or a combined average deposit balance of $25,000
  • Deposits are insured in full through a combination of Federal Deposit Insurance Corporation (FDIC) and Share Insurance Fund (SIF) protection

The annual amount you can invest in an IRA is based on your age and earned income. Please talk with your tax advisor about contribution guidelines.


1Penalties may be imposed on early withdrawals. Fees may reduce earnings. $1,000 Minimum balance required to open and earn Annual Percentage Yield (APY).

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

*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 +.05% APY bonus. Please refer to our Optimum Benefits chart for more information and other bonus rates available.


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