Monson Savings Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.01% | Reward Checking | MoneyMaking Checking 1.75% - National Average |
| 1.00% | Reward Savings | MoneyMaking Savings 0.77% - National Average |
| 0.45% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
Monson Savings Bank is headquartered in Monson and is the 95th largest bank in the state of Massachusetts. It is also the 2,052nd largest bank in the nation. It was established in 1872 and as of June of 2016, it had grown to 77 employees at 4 locations. Monson Savings Bank has an A health rating.
Great Bank
Hands down the best bank in all respects that we have ever been associated with.
Don't Bother
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90245 |
| Year Established | 1872 |
| Employees | 77 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 5.08% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $325.9MM$295.9MM |
| Loans | Q2 2016vs Q2 2015 | $247.7MM$216.8MM |
| Deposits | Q2 2016vs Q2 2015 | $279.6MM$258.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $31.0MM$29.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.2MM$3.5MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $697.00K$1.1MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $750.00K$0 |
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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $100k | MoneyMaking Savings | ||
| OTHER TIERS: 0.25% → $100k+ | |||||
| 0.35%* | $100k* | - | Statement Savings | ||
| OTHER TIERS: 0.10% → $10 - $2,500 | 0.20% → $2,500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.35%* | $100k* | - | Savings IRA Account | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.20% → $2,500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.35%* | $100k* | - | Commercial Savings Account | ||
| OTHER TIERS: 0.10% → $10 - $2,500 | 0.20% → $2,500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.35%* | $100k* | - | Savings Roth IRA Account | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.20% → $2,500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.35%* | $100k* | - | Savings Educational IRA Account | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.20% → $2,500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.10% | - | - | Passbook Savings | ||
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 | VIEW DETAILS |
|---|---|---|---|---|
| 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 | VIEW DETAILS |
|---|---|---|---|---|
| 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 |
| 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 |