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Monson Savings Bank


Overview / Commentary
www.monsonsavings.bank
413-267-4646
146 Main Street
Monson, MA 01057

Monson Savings Bank is headquartered in Monson and is the 82nd largest bank in the state of Massachusetts. It is also the 1,662nd largest bank in the nation. It was established in 1872 and as of December of 2019, it had grown to 83 employees at 4 locations. Monson Savings Bank has an A health rating.

Reviews (2)

Great Bank

Posted by: |

Hands down the best bank in all respects that we have ever been associated with.

2

Don't Bother

Posted by: |

Don't bother applying. They only will work with local customers. I applied and provided all of my personal information only for them to mail me a letter telling me that they are only accepting applications from local residents. Would have been nice if they mentioned that on their website, application or SOMEWHERE before I gave them all my info.

3


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90245
Year Established1872
Employees83
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.86%
Annual Interest Income$18.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$433.0MM$421.9MM
LoansQ4 2019vs Q4 2018$347.4MM$329.0MM
DepositsQ4 2019vs Q4 2018$382.0MM$368.7MM
Equity CapitalQ4 2019vs Q4 2018$41.7MM$37.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.4MM$4.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$635.00K$415.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Monson Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monson Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$100kMoneyMaking Savings
OTHER TIERS: 0.10% → $100k+
0.35%*$100k*-Statement Savings
OTHER TIERS: 0.10% → $10 - $2.5k | 0.20% → $2.5k - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k
0.35%*$100k*-Business Savings Account
OTHER TIERS: 0.10% → $10 - $2.5k | 0.20% → $2.5k - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k

Monson Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kMoneyMaking Checking
OTHER TIERS: 0.10% → $25k+

Monson Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-18 Month CD
0.50%$1k-24 Month CD
0.50%$1k-30 Month CD
0.50%$1k-36 Month CD
0.50%$1k-42 Month CD
0.45%$1k-12 Month CD
0.35%$1k-9 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Monson Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-18 Month Traditional IRA
0.50%$1k-24 Month Traditional IRA
0.50%$1k-30 Month Traditional IRA
0.50%$1k-36 Month Traditional IRA
0.50%$1k-60 Month Variable IRA
0.50%$1k-18 Month Roth IRA
0.50%$1k-24 Month Roth IRA
0.50%$1k-30 Month Roth IRA
0.50%$1k-36 Month Roth IRA
0.45%$1k-12 Month Traditional IRA
0.45%$1k-12 Month Roth IRA
0.35%$1k-9 Month Traditional IRA
0.30%$1k-6 Month Traditional IRA
0.30%$1k-6 Month Roth IRA
Locations


Monson Savings Bank Locations
Wilbraham Branch100 Post Office ParkWilbraham, MA 01095
Ware Branch136 West StreetWare, MA 01082
Monson Savings Bank146 Main StreetMonson, MA 01057
Hampden Branch15 Somers RoadHampden, MA 01036

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.