Monson Savings Bank

Overview / Commentary
146 Main Street
Monson, MA 01057

Monson Savings Bank is headquartered in Monson and is the 74th largest bank in the state of Massachusetts. It is also the 1,591st largest bank in the nation. It was established in 1872 and as of June of 2021, it had grown to 91 employees at 6 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.

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.


Health Grade Components

FDIC Certificate #90245
Year Established1872
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD11.91%
Annual Interest Income$9.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$554.6MM$502.3MM
LoansQ2 2021vs Q2 2020$411.2MM$387.5MM
DepositsQ2 2021vs Q2 2020$498.9MM$447.0MM
Equity CapitalQ2 2021vs Q2 2020$49.0MM$43.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$6.6MM$5.0MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$334.00K$218.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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* 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

0.25%*-$100kMoneyMaking Savings
OTHER TIERS: 0.10% $100k+
0.20%*$100k*-Statement Savings
OTHER TIERS: 0.02% $10 - $2.5k | 0.05% $2.5k - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.20%*$100k*-Business Savings Account
OTHER TIERS: 0.02% $10 - $2.5k | 0.05% $2.5k - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k

Monson Savings Bank Checking Account Rates

0.75%*-$25kMoneyMaking Checking
OTHER TIERS: 0.10% $25k+

Monson Savings Bank CD Rates

0.30%$1k-30 Month CD
0.30%$1k-36 Month CD
0.30%$1k-42 Month CD
0.25%$1k-24 Month CD
0.20%$1k-18 Month CD
0.15%$1k-12 Month CD
0.10%$1k-6 Month CD
0.10%$1k-9 Month CD
0.05%$1k-3 Month CD

Monson Savings Bank IRA Rates

0.30%$1k-30 Month Traditional IRA
0.30%$1k-36 Month Traditional IRA
0.30%$1k-60 Month Variable IRA
0.30%$1k-30 Month Roth IRA
0.30%$1k-36 Month Roth IRA
0.25%$1k-24 Month Traditional IRA
0.25%$1k-24 Month Roth IRA
0.20%$1k-18 Month Traditional IRA
0.20%$1k-18 Month Roth IRA
0.15%$1k-12 Month Traditional IRA
0.15%$1k-12 Month Roth IRA
0.10%$1k-6 Month Traditional IRA
0.10%$1k-9 Month Traditional IRA
0.10%$1k-6 Month Roth IRA

Monson Savings Bank Locations
Wilbraham Branch100 Post Office ParkWilbraham, MA 01095
Ware Branch136 West StreetWare, MA 01082
Monson Savings Bank146 Main StMonson, MA 01057
Hampden Branch15 Somers RoadHampden, MA 01036
East Longmeadow Branch61 North Main StreetEast Longmeadow, MA 01028

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