Get all the blog posts delivered straight to your email


The annual percentage yield (APY) on savings accounts at North Middlesex Savings Bank has fallen since it was mentioned in the Go Talk Money Blog back in December. However, the bank still has one of the best rates on savings accounts with a 2.25% APY. The savings rate is current as of April 9, 2010.

Open a Simply Save account and earn the APY on a minimum balance of $10. Other details of the savings offer include:

  • No minimum required to open savings account
  • Savings is available as passbook or statement account
  • Statement accounts receive quarterly statements
  • Must make at least one $50 deposit during each statement cycle to receive the best rate
  • $50 deposit must be made in person at a branch
  • Savings rate falls to 0.25% if requirements are not met during statement cycle
  • Balances above $10,000 earn 0.25% APY

The Simply Save account does not allow ATM, Visa Check Card, Internet banking transactions, or ACH debits. You are limited to one Simply Save account per social security number and three accounts per household. The bank also offers other savings accounts.

To open an account, you must live within the market that North Middlesex Savings Bank serves. The independent community bank is based in Ayer, Mass., and has been in business since 1885.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Bank Name: Your E-mail: Description (Please include URL):
We HATE spam as much as you, we don't sell your e-mail address!