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Rates - Deposit
Rates
Effective: As of November 19th, 2008
Mt. Washington Bank accepts deposits only from customers
with a Massachusetts residence.
Rates are subject to change without notice. For the most up to date rates
call our Ultimate
Service Center at 617-268-8880.
APY = Annual Percentage Yield
Minimum balance to earn interest is $25 on all deposit accounts.
Savings, Checking and Money Market accounts are variable and may change
at any time at the discretion of the Bank; fixed CD and IRA rates are
guaranteed for the length of the specified term. Substantial penalties
may be imposed on early withdrawals. Fees associated with certain accounts
could reduce stated earnings. Certain other restrictions may apply.
| Special Deals |
| |
APY |
Interest
Rate |
Compounding
Frequency |
Minimum
to Open |
Minimum
to obtain APY |
| 8- Month CD Special |
4.07% |
4.00% |
Monthly |
$500.00 |
$25.00 |
| 3-Year CD Special |
4.33% |
4.25% |
Monthly |
$500.00 |
$25.00 |
| Savings Accounts |
| |
APY |
Interest
Rate |
Compounding
Frequency |
Minimum
to Open |
Minimum
to obtain APY |
| Statement Savings |
.50% |
.50% |
Daily |
$10.00 |
$25.00 |
| Passbook Savings |
.15% |
.15% |
Daily |
$10.00 |
$25.00 |
| IRA Savings |
.35% |
.35% |
Daily |
$10.00 |
$25.00 |
| Checking and Money
Market Accounts |
| |
APY |
Interest
Rate |
Compounding
Frequency |
Minimum
to Open |
Minimum
to obtain APY |
| 50+ Free Interest Checking |
.10% |
.10% |
Daily |
$50.00 |
$25.00 |
| VIP Free Interest Checking |
.10% |
.10% |
Daily |
$50.00 |
$25.00 |
| Low Minimum Interest Checking |
.10% |
.10% |
Daily |
$50.00 |
$25.00 |
| Wall Street Checking |
|
|
|
|
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| $25.00 - $2,499.99 |
.20% |
.20% |
Daily |
$50.00 |
$25.00 |
| $2,500.00 + |
.35% |
.35% |
Daily |
$50.00 |
$2,500.00 |
| Economy Interest Checking |
.10% |
.10% |
Daily |
$50.00 |
$25.00 |
| No Minimum Interest Checking |
.10% |
.10% |
Daily |
$50.00 |
$25.00 |
| Money Market |
|
|
Daily |
$2,500.00 |
|
| $25.00 - $2,499.99 |
.35% |
.35% |
Daily |
$2,500.00 |
$25.00 |
| $2,500.00 + |
.50% |
.50% |
Daily |
$2,500.00 |
$2,500.00 |
| Preferred Money Market Account |
|
|
Daily |
$2,500.00 |
|
| $25.00 - $2,499.99 |
.35% |
.35% |
Daily |
$2,500.00 |
$25.00 |
| $2,500.00 + |
1.76% |
1.75% |
Daily |
$2,500.00 |
$2,500.00 |
Business Money Market |
|
|
Daily |
$2,500.00 |
|
$2,500 - $9,999.99 |
0.50% |
0.50% |
Daily |
$2,500.00 |
$2,500.00 |
$10,000 - $49,999.99 |
1.01% |
1.00% |
Daily |
$2,500.00 |
$10,000.00 |
$50,000 - $99,999.99 |
1.51% |
1.50% |
Daily |
$2,500.00 |
$50,000.00 |
$100,000.00+ |
1.76% |
1.75% |
Daily |
$2,500.00 |
$100,000.00 |
Platinum Checking
Account |
|
|
Daily |
$2,500.00 |
|
$25.00 - $2,499.99 |
.25% |
.25% |
Daily |
$2,500.00 |
$25.00 |
$2,500.00 -
$9,999.99 |
.35% |
.35% |
Daily |
$2,500.00 |
$2,500.00 |
$10,000.00
- $24,999.99 |
.50% |
.50% |
Daily |
$2,500.00 |
$10,000.00 |
$25,000.00
- $49,999.99 |
.75% |
.75% |
Daily |
$2,500.00 |
$25,000.00 |
$50,000.00
+ |
1.06% |
1.05% |
Daily |
$2,500.00 |
$50,000.00 |
| IRA and Regular Certificate
of Deposit Accounts |
| |
APY |
Interest
Rate |
Compounding
Frequency |
Minimum
to Open |
| 6 Month |
1.66% |
1.65% |
Monthly |
$500.00 |
| 1 Year |
1.76% |
1.75% |
Monthly |
$500.00 |
| 18 Month |
1.87% |
1.85% |
Monthly |
$500.00 |
| 2 Year |
1.97% |
1.95% |
Monthly |
$500.00 |
| 30 Month |
2.02% |
2.00% |
Monthly |
$500.00 |
| 3 Year SPECIAL |
4.33% |
4.25% |
Monthly |
$500.00 |
| 4 Year |
2.22% |
2.20% |
Monthly |
$500.00 |
| 5 Year |
2.27% |
2.25% |
Monthly |
$500.00 |
Rates subject to change without notice.
For more information, please consult a Customer Service Representative
at any of our offices or call our Ultimate
Service Center at 617-268-8880.
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