Monson Savings Bank

Overview / Commentary
146 Main Street
Monson, MA 01057

Monson Savings Bank is headquartered in Monson and is the 81st largest bank in the state of Massachusetts. It is also the 1,643rd largest bank in the nation. It was established in 1872 and as of September of 2019, it had grown to 82 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.

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 - YTD0.85%
Return on Equity - YTD9.4%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$436.2MM$403.9MM
LoansQ3 2019vs Q3 2018$350.0MM$316.8MM
DepositsQ3 2019vs Q3 2018$384.6MM$350.2MM
Equity CapitalQ3 2019vs Q3 2018$41.0MM$36.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.4MM$4.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$437.00K$0
Real Estate OwnedQ3 2019vs Q3 2018$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

0.75%*-$100kMoneyMaking 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

1.75%*-$25kMoneyMaking Checking
OTHER TIERS: 0.25% $25k+

Monson Savings Bank CD Rates

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

1.20%$1k-60 Month Variable IRA
1.00%$1k-36 Month Traditional IRA
1.00%$1k-36 Month Roth IRA
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
0.55%$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
0.35%$1k-9 Month Traditional IRA
0.30%$1k-6 Month Traditional IRA
0.30%$1k-6 Month Roth IRA

Monson Savings Bank Locations
Wilbraham 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

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