Monson Savings Bank

Overview / Commentary

www.monsonsavings.bank

800-431-8992

146 Main Street
Monson, MA 01057

Monson Savings Bank is headquartered in Monson and is the 81^st largest bank in the state of Massachusetts. It is also the 1,659^th largest bank in the nation. It was established in 1872 and as of December of 2018, it had grown to 80 employees at 4 locations. Monson Savings Bank has an A health rating.

Reviews (2)

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Great Bank

Posted by: dbennett | Sep 16, 2014

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

Comment

Don't Bother

Posted by: kbhonline | Dec 10, 2013

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.

Comment

Health

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	90245
Year Established	1872
Employees	80
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.87%
Return on Equity - YTD	9.58%
Annual Interest Income	$15.8MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$421.9MM$365.1MM
Loans	Q4 2018vs Q4 2017	$329.0MM$289.1MM
Deposits	Q4 2018vs Q4 2017	$368.7MM$312.4MM
Equity Capital	Q4 2018vs Q4 2017	$37.3MM$34.3MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$4.1MM$3.7MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$415.00K$142.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Savings
Checking
CD
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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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$100k	MoneyMaking Savings
OTHER TIERS: 0.25% → $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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.01%^*	-	$25k	MoneyMaking Checking
OTHER TIERS: 0.25% → $25k+

Monson Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$1k	-	42 Month CD
1.00%	$1k	-	36 Month CD
0.80%	$1k	-	30 Month CD
0.75%	$1k	-	24 Month CD
0.55%	$1k	-	18 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

APY	MIN	MAX	ACCOUNT NAME
1.20%	$1k	-	60 Month Variable IRA
1.00%	$1k	-	36 Month Traditional IRA
1.00%	$1k	-	36 Month Roth IRA
1.00%	$1k	-	36 Month CESA
0.80%	$1k	-	30 Month Traditional IRA
0.80%	$1k	-	30 Month Roth IRA
0.75%	$1k	-	24 Month Traditional IRA
0.75%	$1k	-	24 Month Roth IRA
0.75%	$1k	-	24 Month CESA
0.55%	$1k	-	18 Month Traditional IRA
0.55%	$1k	-	18 Month Roth IRA
0.45%	$1k	-	12 Month Traditional IRA
0.45%	$1k	-	12 Month Roth IRA
0.45%	$1k	-	12 Month CESA
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 Branch	100 Post Office Park	Wilbraham, MA 01095
Ware Branch	136 West Street	Ware, MA 01082
Monson Savings Bank	146 Main Street	Monson, MA 01057
Hampden Branch	15 Somers Road	Hampden, MA 01036

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