Deposit Rates

PowerBlue Savings

Rates Effective as of July 23, 2015

Interest Rate APY
PowerBlue Savings
Balances up to $100,000.00
0.75% 0.75%
$100,000.01 up to $1,000,000.00 0.15% 0.15% to 0.75%

PowerBlue Savings Disclosures:

  • Annual Percentage Yield (APY) is based on interest compounding continuously
  • 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
  • An active PlatinumBlue Checking account is required to earn the stated APY. A PlatinumBlue is considered active with a $10,000 average daily balance or a minimum of $250 direct deposit(s) within each statement cycle or 5 debit card POS (pinned or signature) transactions that post and settle during statement cycle or five online bill payments through online banking within the monthly statement cycle. A $250 minimum deposit is required to open a PlatinumBlue Checking account.
  • Each statement cycle the PlatinumBlue Checking account is non-active, all ATM surcharges will apply and the APY defaults to 0.10% on the PowerBlue Savings account for the next statement period and a $25.00 monthly service charge will be imposed.
  • Available to new savings customers with new money only. A new customer is defined as: has not been the tax reporting owner on an account within the past 90 calendar days. Only one PowerBlue Savings account permitted per taxpayer identification number. Offer cannot be combined with any other offers. Terms and conditions are subject to change.

SkyBlue Savings

Rates Effective as of July 23, 2015

Interest Rate APY
SkyBlue Savings
Balances up to $1,000,000.00 0.50% 0.50%

SkyBlue Savings Disclosures

  • Annual Percentage Yield (APY) is based on interest compounding continuously.
  • The rate is subject to change at any time.
  • You must deposit $100.00 to open this account
  • There is no minimum balance required to obtain the annual percentage yield.
  • The maximum balance allowed on this account is $1,000,000.00

Statement Savings Rates

Rates Effective as of July 23, 2015

Interest Rate APY*
Premium Rate Savings
Balances of $100,000 or more up to $750,000.00* .15% .15%
Balances between $75,000 & $99,999.99 .10% .10%
Balances between $25,000 & $74,999.99 .05% .05%
Balances up to $24,999.99 .05% .05%

Premium Rate Savings Disclosures

  • Annual Percentage Yield (APY) is based on interest compounding continuously.
  • The Premium Rate Savings is a variable rate account.
  • The rate may change after the account is opened.
  • The minimum balance to open the Premium Rate Savings is $25,000.00.
  • Fees may reduce earnings on the account.
  • There is no minimum balance required to obtain the annual percentage yield.
  • * Maximum Balance Allowed $750,000.00

Click here for the Funds Availability Statement.

 

Certificate of Deposit & Retirement Account Rates

Rates Effective as of July 23, 2015

Term Interest Rate APY
31 Day CD .05% .05%
91 Day CD .10% .10%
6 Month CD .15% .15%
1 Year CD .25% .25%
1 1/2 Year CD .30% .30%
2 Year CD .45% .45%
3 Year CD .55% .55%
4 Year CD .75% .75%
5 Year CD 1.14% 1.15%
  • For our promotional PlatinumBlue 1 year CD click here.
  • For our promotionalRising Rate 3 year CD click here.
  • For our promotional PlatinumBlue Worry-Free 5 year CD click here.

CD & Retirement Account Disclosures

  • Annual Percentage Yield (APY) is based on interest compounding monthly.
  • Rates are subject to change without notice.
  • $500.00 CD account minimum balance to open and obtain the stated APY.
  • $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 at least one year.
  • 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.

 

All other Savings and Money Market Accounts

For all other savings and money market account rates: click here.

Belmont Savings Bank
2 Leonard Street

(Belmont Center)
Belmont MA 02478
617-489-6711
Belmont Savings Bank
277 Trapelo Road

Belmont MA 02478
617-489-6722
Belmont Savings Bank
53 Mount Auburn Street

(Watertown Square)
Watertown MA 02472
617-926-1325
Belmont Savings Bank
1070 Lexington Street

(Inside Star Market)
Waltham MA 02451
781-899-1801
Belmont Savings Bank
699 Mount Auburn Street

(Inside Star Market)
Cambridge MA 02138
617-993-3750
Belmont Savings Bank
33 Austin Street

(Inside Shaw's)
Newton MA 02460
617-993-3770
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2 Leonard Street, Belmont, MA 02478, 617-484-6700

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