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Savings, Money Markets & CDs

Maximize the growth of your larger balances.

When it comes to commercial savings accounts, you want the options we provide. From tiered rates to CD laddering strategies and different levels of liquidity, we're the bank in Massachusetts and Rhode Island that helps your company leverage excess cash to reach short-term savings goals.


BUSINESS SAVINGS 
PREMIER BUSINESS MONEY
MARKET SAVINGS 
Monthly Service Fee $5 $10
Minimum daily balance
to waive monthly
service fee

$1,000

$2,500
Free transactions per month1,2 20
50¢ per transaction over
the free transaction limit.
50
50¢ per transaction over
the free transaction limit.
Check Writing² N/A Yes
Tiered Interest Rates N/A Yes 
1. Includes debits, credits, scheduled transfers, and items deposited per monthly statement cycle. 50¢ per transaction over the free transaction limit.
2. You may make an unlimited number of withdrawals or transfers from your savings account(s) and/or money market account(s) so long as they are done in person at one of our ATMs or branch locations. However, federal regulations limit your ability to make certain types of withdrawals and transfers from these accounts. Under these regulations, any checks, drafts or debit card transactions (or similar payment orders) drawn on your money market account that are payable to third parties (no such transactions are permitted on your savings accounts), as well as any transfers or transactions from your money market or savings account to another of your accounts with us or to third parties by pre-authorized or automatic means, personal computer (including online banking or bill payment services) or telephone (including facsimile or data transmission) are considered "Limited Transactions." You are limited to a total of six(6) Limited Transactions from your money market and savings account per statement cycle period. We count check transactions on your money market account on the day the check is presented to us for payment, regardless of when you may have written it (including if it was written in a prior statement cycle). If you exceed your Limited Transaction limit on your Money Market Savings account, we may assess you an Excess Transaction Fee for each Limited Transaction over the limit. Additionally, if you exceed your Limited Transaction limit on a regular basis, we may close your money market or savings account, or change this type of account to a different deposit account you are eligible to maintain.

We also offer CDs.  A great option to get the security of fixed returns at and competitive interest rates. 

  INTEREST RATE * ANNUAL PERCENTAGE
YIELD (APY) 
MINIMUM BALANCE
TO OBTAIN APY 
MINIMUM DEPOSIT TO
OPEN ACCOUNT 
 COMPOUNDED

Business Savings Interest Rates


0.03% 0.03% $1 $25 Monthly 

Premier Business Money Market Savings

$100,000 and over 0.35%  0.35%  $100,000  $25 Monthly 
$50,000 - $99,999 0.25 % 0.25% $50,000  $25 Monthly 
$25,000 - $49,999 0.15%  0.15%  $25,000  $25 Monthly 
$10,000 - $24,999 0.10%  0.10%  $10,000  $25 Monthly 
$5,000 - $9,999 0.05%  0.05%  $5,000  $25 Monthly 
$0 - $4,999 0.01% 0.01% $1  $25  Monthly 

* All interest rates and Annual Percentage Yields (APYs) are accurate as of today and subject to change. Fees assessed on your account could reduce your earnings. Variable Interest Rates may change after the account is opened.

Rates effective 07/19/2017

Customized Business Packages

We offer customized banking packages designed to meet the specialized needs of your business. Learn more about our business banking packages and how they can work for you.

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