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Personal Banking Deposit Rates

At Belmont Savings Bank, we can help you put your money to work. Whether you need a checking account, savings account, or CD, our experienced team can help you find the right banking solution. Plus, all funds are fully insured by FDIC and DIF, even deposits over $250,000.

Product Rates:

 

 

 

 

Impact Savings

Effective as of February 4, 2018

  Interest Rate APY
Balances up to $250,000.00 1.49% 1.50%
$250,000.01 up to $1,000,000.00 0.40% 0.68% to 1.50%

Impact Savings Disclosure

  • Rate is variable and is subject to change without notice
  • Minimum deposit is $10.00 to open account
  • Maximum Balance is $1,000,000.00
  • To earn the APY on your account, you must have an active Impact Checking account with a $10,000 average daily balance or $500 minimum direct deposit or five debit card POS (pinned or signature) transactions that post and settle in each statement cycle.
  • Each statement cycle the Impact Checking account does not meet these activity requirements, the APY defaults to 0.10% for the next statement cycle.

Impact Checking with Interest

Effective as of February 4, 2018

  Interest Rate APY
Balances up to $10,000.00 0.50% 0.50%
$10,000.01 up to $1,000,000.00 0.00% 0.01% to 0.50%

Impact Checking with Interest Disclsoures:

  • Annual Percentage Yield (APY) is based on interest compounding continuously.
  • Rate is variable and is subject to change without notice
  • There is a minimum deposit of $10.00 to open the account.
  • To avoid a $20.00 monthly service charge, you must have an active account including $500 minimum direct deposit within each statement cycle or five debit card POS (pinned or signature) transactions that post and settle during each statement cycle or $10,000 average daily balance in the account.
  • For active accounts, up to $8 of ATM fees are reimbursed per statement cycle. Each statement cycle the Impact Checking account is inactive, all ATM surcharges for that statement cycle will apply.
  • Each statement cycle the Impact Checking account is inactive, the APY defaults to 0.10% for the next statement cycle.
  • If there is no activity in the account for 90 days, a $10 inactivity fee will apply.

 

Simply Savings

Effective as of February 4, 2018

  Interest Rate APY
Balances up to $1,000,000.00 1.00% 1.00%

Simply Savings Disclosures

  • Annual Percentage Yield (APY) is based on interest compounding continuously.
  • The rate is subject to change at any time.
  • There is no minimum balance required to obtain the annual percentage yield.
  • The maximum balance allowed on this account is $1,000,000.00.
  • Massachusetts residents only

 

Certificate of Deposit & Retirement Account Rates

Effective as of February 7, 2018

Term Interest Rate APY
PlatinumBlue 1-year CD 1.73% 1.76%
31 Day CD 0.05% 0.05%
91 Day CD 0.10% 0.10%
6 Month CD 0.15% 0.15%
1 Year CD 0.25% 0.25%
1 1/2 Year CD 0.30% 0.30%
2 Year CD 0.45% 0.45%
3 Year CD 0.55% 0.55%
4 Year CD 0.75% 0.75%
5 Year CD 1.14% 1.15%
5-Year Accelerate Rising Rate CD*:   3.04% for 60-month term
Years 1 and 2 2.00%  
Years 3 and 4 3.00%  
Year 5 5.00%  

 

                                                                  5-Year Accelerate CDPlatinumBlue 1-Year CDRetirement Account Plan

 Certificate of Deposit & Retirement Account Disclosures

  • Annual Percentage Yield (APY) is based on interest compounding monthly.
  • Rates are subject to change without notice.
  • $35.00 retirement account minimum balance to open, $10.00 minimum balance to obtain the stated APY.
  • APY assumes principal and interest remain on deposit for the term of the CD. Withdrawal of interest during the term will result in earnings below the published APY.
  • Penalty may be imposed for early withdrawals.
  • A $20.00 annual fee is assessed on retirement plans.
  • These and other conditions may reduce earnings on CD account – ask for details.
  • PERSONAL FUNDS ONLY. Product offer may be withdrawn at anytime.
  • *5-Year Accelerate CD requires a minimum deposit of $5,000.00 to open and obtains the stated APY. All other CDs require a $500.00 minimum deposit to open and obrain the stated APY.
  • *For 5-Year Accelerate CD, new money only. No internal transfers from other accounts permitted.
  • *For 5-Year Accelerate CD, limit 2 CDs per taxpayer identification number per CD type.
  • *To open a 5-Year Accelerate CD, you must open or have an Impact Checking account, a PlatinumBlue Cecking account or an existing CoolBlue Checking account. (CoolBlue Checking is no longer offered as a new account.) 

View Other Savings and Money Market Account Rates »

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