Monson Savings Bank


Overview / Commentary
413-267-4646
146 Main Street
Monson, MA 01057

Monson Savings Bank is headquartered in Monson and is the 75th largest bank in the state of Massachusetts. It is also the 1,608th largest bank in the nation. It was established in 1872 and as of June of 2020, it had grown to 82 employees at 5 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

Health Grade Components

Overall
FDIC Certificate #90245
Year Established1872
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.12%
Annual Interest Income$8.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$502.3MM$429.4MM
LoansQ2 2020vs Q2 2019$387.5MM$339.2MM
DepositsQ2 2020vs Q2 2019$447.0MM$380.3MM
Equity CapitalQ2 2020vs Q2 2019$43.8MM$39.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.0MM$4.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$218.00K$293.00K
Real Estate OwnedQ2 2020vs Q2 2019$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+
0.25%*$100k*-Statement Savings
OTHER TIERS: 0.05% $10 - $2.5k | 0.10% $2.5k - $10k | 0.15% $10k - $50k | 0.20% $50k - $100k
0.25%*$100k*-Business Savings Account
OTHER TIERS: 0.05% $10 - $2.5k | 0.10% $2.5k - $10k | 0.15% $10k - $50k | 0.20% $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-36 Month CD
0.50%$1k-42 Month CD
0.45%$1k-30 Month CD
0.35%$1k-24 Month CD
0.30%$1k-18 Month CD
0.25%$1k-9 Month CD
0.25%$1k-12 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Monson Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-36 Month Traditional IRA
0.50%$1k-60 Month Variable IRA
0.50%$1k-36 Month Roth IRA
0.45%$1k-30 Month Traditional IRA
0.45%$1k-30 Month Roth IRA
0.35%$1k-24 Month Traditional IRA
0.35%$1k-24 Month Roth IRA
0.30%$1k-18 Month Traditional IRA
0.30%$1k-18 Month Roth IRA
0.25%$1k-9 Month Traditional IRA
0.25%$1k-12 Month Traditional IRA
0.25%$1k-12 Month Roth IRA
0.20%$1k-6 Month Traditional IRA
0.20%$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
East Longmeadow Branch61 North Main StreetEast Longmeadow, MA 01028

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