Business Account Rates

Business Savings

Effective Date: Thursday, January 24, 2019

Business Savings

AccountInterest RateAPYOptimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
Business Savings0.05%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

Effective Date: Thursday, January 24, 2019

Business Money Market

Balance Interest Rate APYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
$0.00 - 24,999.990.50%0.50%0.51%0.55%
$25,000 - $99,999.990.75%0.75%0.76%0.80%
$100,000.00 - $499,999.991.10%1.11%1.12%1.16%
$500,000.00 and above1.70%1.71%1.72%1.76%

APY=Annual Percentage Yield

Fees may reduce earnings. Rates are subject to change without notice. $10 Minimum balance required to open and earn Annual Percentage Yield (APY). Interest compounded and credited monthly.

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 Certificates of Deposit

Effective Date: Thursday, January 24, 2019

Business Certificates of Deposit

TermMinimum Daily Balance to open & earn APYInterest RateAPYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
3 months$1,0000.05%0.05%0.06%0.10%
6 months$1,0000.26%0.26%0.27%0.31%
9 months$1,0000.40%0.40%0.41%0.45%
12 months$1,0000.55%0.55%0.56%0.60%
15 months$1,0000.60%0.60%0.61%0.65%
18 months$1,0000.65%0.65%0.66%0.70%
24 months$1,0000.70%0.70%0.71%0.75%
30 months$1,0000.80%0.80%0.81%0.85%
36 months$1,0000.85%0.85%0.86%0.90%
48 months$1,0001.14%1.15%1.16%1.20%
60 months$1,0001.15%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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