| Term | APR |
|---|---|
|
6-month introductory rate |
4.50% APR* |
|
Variable rate thereafter |
7.50% APR* |
*Rates are accurate as of Today's Date (Do Not Delete). Offer valid beginning 3/27/2025. The Special Introductory Annual Percentage Rate (APR) of 4.500% is applicable for the first 6 months. After the first 6 months, the rate will be variable and adjust based on the Prime Rate published in the Wall Street Journal. WSJ Prime Rate is 7.500% as of present. Maximum APR is 18.00%. The requirements for this Promotional Rate Program include the following: The rates shown above require monthly automatic repayment from a Monson Savings Bank (MSB) personal checking account. The above rate/APR reflects a 0.250% discount for the establishment and maintenance of automatic recurring loan payments from an MSB Checking account. If you do not establish and maintain an MSB account and recuring payments for the life of the loan, the rate/APR would be 0.250% higher than the rates referenced above. Termination of automatic repayment or insufficient balance for regularly scheduled payment will result in an undiscounted rate and termination of the Promotional Rate Program. A minimum initial draw requirement of $10,000 must be met at the time of funding. The program requires you to maintain an outstanding balance for a minimum period of 6 (six) months, regular minimum monthly payments accepted. An early termination fee of $500 will apply if the loan is paid and discharged within 36 months from the date of origination. Property insurance is required. Flood insurance may be required. Minimum line amount is $10,000. Minimum $10,000 draw at closing and $500 minimum advances thereafter.
There are no points, no closing costs, and there are no appraisal fees unless you request us to use a value different than your town’s assessed value, and that appraisal cost would be your responsibility. These fees can range from $0-$1,500. Offer can end at any time without notice. Credit offer is subject to credit approval. The interest paid on a home equity loan or credit line may be tax deductible depending on your particular tax status. Consult your tax advisor regarding tax deductibility.
Savings and deposit account interest rates are effective as of 4/16/25 and are variable rates that may change after the account is opened without notice. Term IRA and Term Certificate of Deposit (CD) accounts offer fixed rates throughout the term of the account. Substantial penalties may apply for early withdrawal from IRA and CD accounts.
Fees could reduce earnings.
APY = Annual Percentage Yield.
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| On balance from $0.01 - $25,000 if qualifications* are met |
$10 | 1.00% | 1.00% |
| On amount of balance over $25,000 if qualifications* are met |
$10 | 0.25% | 1.00% to 0.40% |
| All balances if qualifications not met | $10 | 0.05% | 0.05% |
*Qualifications - Enrollments must be in place and all of the following transactions and activities must post and settle to your MoneyMaking Checking account during each monthly Qualification Cycle:
| Balance | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| On balance from $0.01 - $100,000 if qualifications* are met |
$10 | 0.75% | 0.75% |
| On amount of balance over $100,000 if qualifications* are met |
$10 | 0.25% | 0.75% to 0.50% |
| All balances if qualifications not met | $10 | 0.05% | 0.05% |
*Qualifications - Qualify for MoneyMaking Checking and you also qualify for MoneyMaking Savings.
| Checking |
|---|
| Free checking that earns up to $240 cash back a year. |
| Minimum Balance to Obtain APY | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| All balances | $10 | 0.00% | 0.00% |
| Minimum Balance to Obtain APY | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $10.00 - $2,499.99 | $10 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | $10 | 0.15% | 0.15% |
| $10,000.00 - $24,999.99 | $10 | 0.15% | 0.15% |
| $25,000.00 - $49,999.99 | $10 | 0.15% | 0.15% |
| $50,000.00 - $99,999.99 | $10 | 0.25% | 0.25% |
| $100,000.00 plus | $10 | 0.30% | 0.30% |
Fees could reduce earnings.
| Account | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| Business Checking | $0.00 | 0.00% | 0.00% |
| Small Business Checking | $50.00 | 0.00% | 0.00% |
| Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
| $0.01 - $2,500.00 | 0.10% | 0.10% |
| $2,500.00 - $9,999.99 | 0.15% | 0.15% |
| $10,000.00 - $24,999.99 | 0.15% | 0.15% |
| $25,000.00 - $49,999.99 | 0.15% | 0.15% |
| $50,000.00 - $99,999.99 | 0.25% | 0.25% |
| $100,000.00 plus | 0.30% | 0.30% |
Fees could reduce earnings. Minimum deposit to open account is $50.00.
| Term | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|
| 3 month | $1000.00 | 0.05% | 0.05% |
| 6 month | $1000.00 | 0.10% | 0.10% |
| 9 month | $1000.00 | 0.10% | 0.10% |
| 12 month | $1000.00 | 0.15% | 0.15% |
| 18 month | $1000.00 | 0.20% | 0.20% |
| 24 month | $1000.00 | 0.25% | 0.25% |
| 30 month | $1000.00 | 0.30% | 0.30% |
| 36 month | $1000.00 | 0.30% | 0.30% |
| 42 month | $1000.00 | 0.30% | 0.30% |
Fees could reduce earnings. Minimum of $1,000 is required to open account. Early withdrawal penalty imposed.
| Term | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|
| 6 month | $1000.00 | 0.10% | 0.10% |
| 9 month | $1000.00 | 0.10% | 0.10% |
| 12 month | $1000.00 | 0.15% | 0.15% |
| 18 month | $1000.00 | 0.20% | 0.20% |
| 24 month | $1000.00 | 0.25% | 0.25% |
| 30 month | $1000.00 | 0.30% | 0.30% |
| 36 month | $1000.00 | 0.30% | 0.30% |
| 60 month Variable** | $1000.00 | 0.30% | 0.30% |
| 6 month Roth | $1000.00 | 0.10% | 0.10% |
| 12 month Roth | $1000.00 | 0.15% | 0.15% |
| 18 month Roth | $1000.00 | 0.20% | 0.20% |
| 24 month Roth | $1000.00 | 0.25% | 0.25% |
| 30 month Roth | $1000.00 | 0.30% | 0.30% |
| 36 month Roth | $1000.00 | 0.30% | 0.30% |
** Variable rate product, interest rate and APY are based on money market rates and may change after the account is opened
Fees could reduce earnings. Minimum of $1,000 is required to open account. Early withdrawal penalty imposed.
