Savings Accounts

Regular Savings | Simply Save | Easy Does It Savings | Certificates of Deposit

• Regular Savings Accounts

  Regular Statement Savings — No monthly service charges or minimum balance to maintain. This account allows you to access the account electronically. Interest is earned on balances of $10.00 or more and is credited to your account when your statement is generated.

  Regular Passbook Savings — No monthly service charges or minimum balance to maintain. Interest is earned on balances of $10.00 or more and is credited to your account monthly. Passbook is required for all transactions.

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• Simply Save 
  
   

  In this economy, it’s hard to save.  We want to help you meet your savings goals and that’s why we’ve created the Simply Save account.  There are no monthly fees and the account is available as a passbook or statement account.  Simply make at least one $50.00 deposit during each interest cycle and we’ll pay you 0.75% APY*
   

  *APY = Annual Percentage Yield.  APY effective as of June 16, 2011.  Account will earn 0.75% APY on balances from $10 up to $10,000 when account requirement is met during the Interest Cycle (Interest Cycle starts the day after the third Wednesday of each month and ends the day before the third Wednesday of the next month). To earn the maximum rate the account must have posted at least one $50.00 deposit made in person at one of our banking branches during the Interest Cycle. If this condition is not met during the Interest Cycle the account will earn 0.25% APY.  Balances greater than $10,000 will earn 0.25% APY.  Rate subject to change.  ATM, Visa Check Card, Internet Banking transactions and ACH debits are not allowed.  No minimum to open. Limited to one account per social security number, three accounts per household. Statements issued quarterly on statement savings.

• Easy Does It Savings Accounts

  Earn BONUS INTEREST the EASY Way with the NMSB "Easy Does It" Family of Products!

  North Middlesex Savings Bank created the Easy Does It family of products to provide you with easy choices regarding your banking and to help you earn a higher rate of interest on Certificates of Deposit. To earn higher rates of interest on certificates, you need at least one of the qualifying Easy Does It products.

  The rate on your Easy Does It Certificate will be increased by 1/8% for each qualifying Easy Does It deposit or loan product you have, up to 1/2% in total. For more information: Certificates of Deposit

  Easy Does It Statement Savings — Pays you a market rate of interest PLUS an extra 20% on the amount of interest credited to your account during the first nine months of the calendar year. This bonus is paid in November. Direct deposit and electronic access available. Minimum balance requirement is $1,000.00.

  Easy Does It Passbook Savings — Pays you a market rate of interest PLUS an extra 20% on the amount of interest credited to your account during the first nine months of the calendar year. This bonus is paid in November. The minimum balance requirement is $1,000.00. Passbook is required for all transactions.

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• Certificates of Deposit

  North Middlesex Savings Bank pays competitive rates on certificates of deposit of various terms. All deposits are fully insured regardless of the number of accounts or the total amount of funds deposited. Please see our Deposit Rate page for current terms and rates.

  The Easy Does It family of products includes a special 6 month and 12 month certificate of deposit. The rate on the Easy Does It Certificate is increased by 1/8% for each qualifying Easy Does deposit or loan product you have, up to 1/2%. Qualifying Products are:
  – Easy Does It Checking
  – Easy Does It Auto Loan
  – Easy Does It Savings
  – Easy Does It Equity Line of Credit

  Should you require additional information on any North Middlesex Savings Bank product, please contact your local branch or our Customer Service Department at 978-772-3306.
   

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