Business Banking Current Rates

Business Banking Rates effective March 24, 2017 Email a Friend Download PDF

Checking, Savings, and Sweep Accounts

Account Type Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
IOLTA Checking(2) 0.30% 0.30% $10.00
Non-Profit Checking(2) 0.10% 0.10% $10.00
Non-Profit Premier Checking(2) 0.10% 0.10% $10.00
Non-Profit Premier Savings(2)(3) 0.75% 0.75% $10.00
Non-Profit Sweep(2)(4) 0.75% 0.75% $500,000.00+
0.40% 0.40% $100,000.00 - $499,999.99
0.20% 0.20% $10.00 - $99,999.99
Business Sweep(2)(4) 0.50% 0.50% $250,000.00+
0.40% 0.40% $50,000.00 - $249,999.99
0.15% 0.15% $10.00 - $49,999.99

(1) Interest Rate and Annual Percentage Yield (APY) are variable-rates and may change after the account is opened.
(2) Fees could reduce earnings on the account.
(3) Must have Non-Profit Premier Checking Account to open Non-Profit Premier Savings Account.
(4) Must have Business Alliance Checking to open Non-Profit Sweep or Business Sweep Account.

Business Money Market Account

Account Type Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
Money Market(2) 0.40% 0.40% $100,000.00+
0.25% 0.25% $50,000.00 - $99,999.99
0.20% 0.20% $25,000.00 - $49,999.99
0.15% 0.15% $5,000.00 - $24,999.99
0.10% 0.10% $10.00 - $4,999.99

(1) Interest Rate and Annual Percentage Yield (APY) are variable-rates and may change after the account is opened.
(2) Fees could reduce earnings on the account.

Certificate Deposit Accounts

Term(2) Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
2-Year 1.00% 1.00% $250.00
15-Month 1.00% 1.00% $250.00
6-Month 0.25% 0.25% $250.00

(1) Interest Rate and Annual Percentage Yield (APY) is subject to change.
(2) A penalty may be imposed for early withdrawal on certificate deposit account.

To open an account and to obtain more information, please contact any of our offices:

Wellesley Square
40 Central St.
Wellesley, MA 02482
Leland Ward
781-489-7600

Wellesley Linden Square
197 Linden St.
Wellesley, MA 02482
Wendy Bradley
781-489-7630

Wellesley Lower Falls
29 Washington St.
Wellesley, MA 02481
Helena Fonseca
781-489-4500

Boston
One Federal St.
Boston, MA 02110
Milton Manousaridis
617-778-5860

Needham - North Hill Communities
865 Central Ave., H-302
Needham, MA 02492
Peg Dorsi
781-489-7040

Newton
776-1 Beacon Street
Newton Centre, MA 02459
Alice Lee
617-778-5888