Written by Jessica Merritt | Edited by Ali Cybulski | Published on 1/24/2025
OneLocal Bank is a Massachusetts bank with online banking and branch locations. It offers a comprehensive product suite for consumers and businesses and has four branch locations in Norwood, Foxboro, Norfolk and Plainville, Massachusetts. Since its founding in 1889, the bank has focused on delivering innovative services to the local community.
Checking, savings and certificate of deposit (CD) accounts are available from OneLocal Bank. Personal and auto loans, mortgages, and business banking extend product options beyond deposit accounts.
The bank’s Boundless checking account has no minimum balance requirement — after depositing at least $25 upfront — or monthly service charge. Customers also get unlimited ATM surcharge rebates.
OneLocal Bank offers competitive savings rates across a variety of accounts. A preview of some current rates:
• 0.05% to 0.10% annual percentage yield (APY) on the Advantage Checking personal account, with a minimum balance of $100,000 or more to earn the highest APY
• 3.00% to 3.75% APY on the high-yield money market account, with a minimum balance of $1 million or more to earn the highest APY
• up to 4.65% APY on a promotional CD account, with a minimum of $10,000 to open the CD and earn the highest APY
The bank has a robust digital platform with a user-friendly mobile app for monitoring accounts, making mobile deposits, setting up transfers, paying bills, setting alerts and more. Online banking offers many of the same features as the mobile app, but you can also track your spending.
You can contact OneLocal Bank’s customer service via phone, email or chat, or visit a branch. Reach live customer support at 781-762-1800 from 8:30 a.m. to 5 p.m. Eastern time Monday through Friday and from 8:30 a.m. to 12:30 p.m. Saturday ET. Email support is available 24/7.
Pros and cons of OneLocal Bank
Pros:
• Unlimited ATM surcharge rebates
• Long history of serving local customers — since 1889
• Competitive rates for savings accounts and CDs
• Well-rated mobile app for managing your finances anytime
Cons:
• Limited branch network with just four locations in Massachusetts
• Customer service limited to business hours
• Advantage Checking has monthly service charge, but waiver available
