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Cornerstone Bank (MA)


Overview / Commentary
cornerstonebank.com
833-225-1218
230 Park Avenue
Worcester, MA 01609-1918

Cornerstone Bank (MA) is headquartered in Spencer and is the 37th largest bank in the state of Massachusetts. It is also the 734th largest bank in the nation. It was established in 1871 and as of June of 2022, it had grown to 176 employees at 11 locations. Cornerstone Bank (MA)'s CD rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees176
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD6.56%
Annual Interest Income$22.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.41B$1.39B
LoansQ2 2022vs Q2 2021$1.17B$1.16B
DepositsQ2 2022vs Q2 2021$1.21B$1.15B
Equity CapitalQ2 2022vs Q2 2021$116.3MM$117.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$12.0MM$11.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$7.7MM$6.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$1.1MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cornerstone Bank (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$500Moola Savings
OTHER TIERS: 0.05% → $500+
0.25%--IRA Savings
0.10%--Commercial Statement Savings
0.05%$10-Statement Savings
0.05%$10-Holiday Savings Plan

Cornerstone Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Premier Money Market - New Money
OTHER TIERS: 0.10% → $1k - $10k | 0.15% → $10k - $150k | 0.25% → $150k - $350k | 0.50% → $350k - $500k
0.40%*$750k*-Business Money Market
OTHER TIERS: 0.05% → Up to $50k | 0.10% → $50k - $250k | 0.15% → $250k - $500k | 0.20% → $500k - $750k
0.20%*$500k*-Signature Money Market Account
OTHER TIERS: 0.02% → $1k - $10k | 0.05% → $10k - $350k | 0.10% → $350k - $500k
0.10%*$5k*-Personal Money Market
OTHER TIERS: 0.05% → Up to $5k

Cornerstone Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10-RITE Premium Checking

Cornerstone Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$500k*-15 Month CD Special
OTHER TIERS: 2.50% → $500 - $10k | 4.00% → $10k - $150k | 4.15% → $150k - $500k
3.25%$500-18 Month CD Special
3.00%$500-12 Month CD Special
1.75%$500-8 Month CD

Cornerstone Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$500k*-15 Month IRA Special
OTHER TIERS: 2.50% → $500 - $10k | 4.00% → $10k - $150k | 4.15% → $150k - $500k
3.25%$500-18 Month IRA Special
3.00%$500-12 Month IRA Special
1.75%$500-8 Month IRA
Locations

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