Deposit Rates

Annual Percentage Yield (APY) is accurate as of 04/08/2020, and subject to change at any time without notice.

EZ Interest Checking and EZ Choice Savings

Description Minimum to Open
& Earn APY
Interest RateAnnual Percentage
Yield (APY)
EZ Interest Checking$0.01-$9,999.99
           $10,000 +
1.00%
0.10%
1.00%
0.10%
EZ Choice Savings$0.01-$24,999.99
            **$25,000+
.10%
.40%
.10%
.40%
  Passbook and Statement Savings Accounts
Minimum to open and earn APY $10.Interest RateAnnual
Percentage
Yield (APY)
Regular Passbook0.05%0.05%
Statement Savings
0.05%0.05%
 Money Market Accounts*
Minimum to open $50.
Minimum to avoid monthly service charge $2,500.00.
Interest RateAnnual
Percentage
Yield (APY)
Balance to Earn Stated APY
$50 - $2,499.99
with monthly service fee of $10
0.05%0.05%
$2,500 - $9,999.990.05%0.05%
$10,000 - $24,999.990.10%0.10%
$25,000 - $49,999.990.15%0.15%
$50,000 - $74,999.990.20%0.20%
$75,000 - Plus0.25%0.25%
Business Money Market Accounts:
$50 - $2,499.99
with monthly service fee of $10
0.05%0.05%
$2,500 - $9,999.990.05%0.05%
$10,000 - $24,999.990.10%0.10%
$25,000 - $49,999.990.15%0.15%
$50,000 - $74,999.990.20%0.20%
$75,000 - Plus0.25%0.25%
Certificates of Deposit***
Balance to Earn Stated APYMinimum to Open
& Earn APY
Interest RateAnnual Percentage
Rate (APY)
3 Month Certificate$1,0000.15%0.15%
6 Month Certificate$1,0000.30%0.30%
9 Month Certificate$1,0000.50%0.50%
1 Year Certificate$1,0000.70%0.70%
1-1/2 Year Certificate$1,0000.75%0.75%
2 Year Certificate$1,0000.95%0.95%
3 Year Certificate$1,0001.04%1.05%
3 Year Certificate
Home Buyers CD
$5001.04%1.05%
3 Year Certificate
Education CD
$5001.04%1.05%
4 Year Certificate
$1,0001.14%1.15%
5 Year Certificate
$1,0001.19%1.20%
1-1/2 Year IRA*$250.30%0.30%
Deposits are accepted from residents of Massachusetts, Rhode Island, and Windham County Connecticut only. EZ Checking Plus and EZ Checking featuring GenGold customers who maintain a combined deposit balance of  $10,000 or more will be offered a CD bonus of 5 basis points. “Special Rate” CD excluded.  Rates are subject to change at any time and without notice.Interest is compounded daily. All CD types are available for IRA accounts. 
*Rate may change after account is opened. Fees may reduce earnings on account.

**Must have an active EZ Interest Checking.
***Fees may reduce earnings on account. Penalty for early withdrawal.

A Schedule of Fees and Service Charges is available on our website under Personal Banking. All accounts are subject to approval and MFB reserves the right for any reason to refuse a deposit or to return all or any part thereof.

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