Optimum Banking Benefit Levels

Optimum Banking

Receive maximum benefits with your StonehamBank checking account - automatically!

Each month you'll receive the maximum benefits based on the combined balances in your checking, savings, money market, individual Retirement Account (IRA) and Certificate of Deposit (CD) accounts. As your relationship with StonehamBank grows, we'll move you to a higher benefit level - automatically.

Benefits include higher rates of interest on our already competitive deposit account rates, rebates on other bank ATM surcharges, discounts on home equity products, and much more.

Just open an Optimum personal checking account and you'll be automatically enrolled. Keep your checking account active by using it at least five times per statement cycle, excluding automatic pre-authorized transfers. Your benefits will increase as your relationship with StonehamBank grows!

Personal Benefit Levels

Average Monthly Checking Balance Minimum
or
$0
Average Combined Balance Minimum (*1)
$0
Active Checking Account Required (*2)
No

You Get:

  • Access to 55,000+ Surcharge Free ATMs Within the Allpoint Network
  • 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
  • Bonus Savings and Money Market Rates (*3)
  • Bonus CD and IRA Rates
  • Discount on Home Equity Line APR (*4)
  • Credit for Check Orders up to $30 (*5)
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Gen-Gold® Membership With Optional Identity Theft Protection - Monthly Fee Waived
  • Rebate on Other Bank ATM Surcharges
  • Stop Payment Fees Waived
  • Free Foreign ATM Transactions
Average Monthly Checking Balance Minimum
or
$3,000
Average Combined Balance Minimum (*1)
$10,000
Active Checking Account Required (*2)
Yes

You Get:

  • Access to 55,000+ Surcharge Free ATMs Within the Allpoint Network
  • 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
  • Bonus Savings and Money Market Rates (*3)
  • Bonus CD and IRA Rates
  • Discount on Home Equity Line APR (*4)
  • Credit for Check Orders up to $30 (*5)
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Gen-Gold® Membership With Optional Identity Theft Protection - Monthly Fee Waived
  • Rebate on Other Bank ATM Surcharges
Average Monthly Checking Balance Minimum
or
$15,000
Average Combined Balance Minimum (*1)
$25,000
Active Checking Account Required (*2)
Yes

You Get:

  • Access to 55,000+ Surcharge Free ATMs Within the Allpoint Network
  • 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 Rates (*3)
  • +.01% APY Bonus CD and IRA Rates
  • -0.125% APY Discount on Home Equity Line APR (*4)
  • Credit for Check Orders up to $30 (*5)
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Gen-Gold® Membership With Optional Identity Theft Protection - Monthly Fee Waived
  • Rebate on Other Bank ATM Surcharges
Average Monthly Checking Balance Minimum
or
$50,000
Average Combined Balance Minimum (*1)
$100,000
Active Checking Account Required (*2)
Yes

You Get:

  • Access to 55,000+ Surcharge Free ATMs Within the Allpoint Network
  • 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 Rates (*3)
  • +.05% APY Bonus CD and IRA Rates
  • -0.25% APY Discount on Home Equity Line APR (*4)
  • Credit for Check Orders up to $30 (*5)
  • IRA Annual Fee Waived
  • Cash Reserve Annual Fee Waived
  • Gen-Gold® Membership With Optional Identity Theft Protection - Monthly 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.

(*1) Average 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.

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

(*3) Bonus 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.

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

(*5) Call 1-888-402-2265 for more information.

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