617-484-6700
 
Menu Toggle Site Menu
Site Menu

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 June 15, 2018

  Interest Rate APY
Balances up to $250,000.00 1.64% 1.65%
$250,000.01 up to $1,000,000.00 0.40% 0.71% to 1.65%

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 for Impact Checking defaults to 0.10% and Impact Savings defaults to a variable rate which is subject to change the next statement cycle.  The current Impact Savings account default rate is 0.10%.
  • For each statement cycle the account is non-active, a $10 inactivity fee will be imposed.
  • New money only. No internal transfers from other accounts permitted. 
  • Limit one Impact Savings account per taxpayer identification number. 
  • Offer cannot be combined with any other offers.

Impact Checking with Interest

Effective as of June 15, 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.
  • Maximum balance $1,000,000.
  • 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 June 15, 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 June 8, 2018

Term Interest Rate APY
31 Day CD 0.05% 0.05%
91 Day CD 0.10% 0.10%
6 Month CD 0.15% 0.15%
1 Year CD 0.50% 0.50%
PlatinumBlue 1-year CD 1.73% 1.75%
1 1/2 Year CD 0.30% 0.30%
2 Year CD 0.75% 0.75%
3 Year CD 0.90% 0.90%
4 Year CD 1.00% 1.00%
5 Year CD 1.14% 1.15%

5-Year Accelerate Rising Rate CD*:

Years 1 and 2

Years 3 and 4

Year 5

 

2.00%

3.00%

5.00%

3.04% for 60-month term

 

                                                                 

 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 obtain the stated APY. All other CDs require a $500.00 minimum deposit to open and obtain 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 »

Online Accounts
Online Accounts
Apply- Mortgage/Equity Loan
Apply- Mortgage/Equity Loan
Business Banking
Business Banking
Fully Insured Deposits
Fully Insured Deposits
Location & Hours
Location & Hours
Third Party Site Disclaimer
You are leaving the Belmont Savings Bank website. The bank does not endorse or guarantee the products, information, or recommendations provided by linked sites and the Bank is not liable for any products or services advertised on these sites. Each third party may have a privacy policy that differs from the Bank. Any linked site may provide less security than the Bank's website.
I Accept        I Decline