Advertising Disclosure
  1. Home
  2. Banks
  3. OneLocal Bank

OneLocal Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.onelocalbank.com
781-762-1800
11 Central Street
Norwood, MA 02062

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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26555
Year Established1889
Employees80
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD4.86%
Annual Interest Income$12.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$973.6MM$906.4MM
LoansQ1 2025vs Q1 2024$827.8MM$753MM
DepositsQ1 2025vs Q1 2024$795.6MM$750.9MM
Equity CapitalQ1 2025vs Q1 2024$132.7MM$125.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$7.6MM$6.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$406K$1.7MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not OneLocal 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.

OneLocal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-Personal Statement Savings Account
0.10%$0-Non-Personal Statement Savings Account
0.10%$0-iBoundless Savings Account

OneLocal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$1m*-High Yield Money Market Account
OTHER TIERS: 2.50% → $0 - $100k | 2.75% → $100k - $250k | 3.00% → $250k - $500k | 3.25% → $500k - $1m
3.50%*$1m*-iYield Money Market
OTHER TIERS: 2.50% → $0 - $100k | 2.75% → $100k - $250k | 3.00% → $250k - $500k | 3.25% → $500k - $1m

OneLocal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Advantage Checking
OTHER TIERS: 0.05% → $0 - $100k
0.10%*$100k*-Non-Personal Advantage Checking
OTHER TIERS: 0.05% → $0 - $100k

OneLocal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$2.5k-6 Month Featured CD (In Branch)
4.25%$2.5k- 6 Month Non-Personal CD
4.10%$1k-13 Month Featured CD
4.10%$1k-13 Month Non-Personal CD
4.00%$1k-22 Month Featured CD
4.00%$1k-22 Month Non-Personal CD
1.75%$1k-60 Month Regular CD
1.75%$1k-60 Month Non-Personal CD
1.50%$1k-36 Month Regular CD
1.50%$1k-48 Month Regular CD
1.50%$1k-36 Month Non-Personal CD
1.50%$1k-48 Month Non-Personal CD
1.26%$1k-24 Month Regular CD
1.26%$1k- 24 Month Non-Personal CD
0.75%$1k-12 Month Regular CD
0.75%$1k-12 Month Non-Personal CD
0.25%$2.5k-3 Month Regular CD
0.25%$2.5k-3 Month Non-Personal CD

OneLocal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Month Regular IRA
1.50%$1k-36 Month Regular IRA
1.50%$1k-48 Month Regular IRA
1.26%$1k-24 Month Regular IRA
0.75%$1k-12 Month Regular IRA
0.25%$2.5k-3 Month Regular IRA
Locations


OneLocal Bank Locations
Norwood Co-Operative Bank11 Central StNorwood, MA 02062

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.