We have established a reputation throughout the community as an institution that prides
itself in creating and nurturing strong, long-term, personal relationships with our neighbors.
Relationships that have grown in a friendly, helpful and mutually rewarding environment.
Relationships that last, because we truly understand the importance of continuity and
stability in an era of continuous mergers and acquisitions.
We are your neighborhood bank, and we invite you to stop by any of our three
conveniently located offices now, so you can experience the "service with a smile" that
is the hallmark of Middlesex Federal Savings.
After all,
NEW FDIC INFORMATION
Congress Extends $250,000 Insurance Coverage Through 2013
Last October, to help reassure depositors about the safety of their
money during the economic crisis, Congress temporarily increased the
basic limit on federal insurance coverage from $100,000 to $250,000 per
depositor through December 31, 2009. Now here's important news,
especially for people who have or plan to place long-term deposits. On
May 19, 2009, Congress extended the temporary $250,000 coverage through
December 31, 2013.
On September 26, 2008, FDIC adopted an interim regulation simplifying the
rules for insuring revocable trust accounts – commonly known as payable-on-death
accounts and living trust accounts. Under this new rule, the concept of
“qualifying” beneficiaries has been eliminated. Any individual, charity or
nonprofit organization can now serve as a beneficiary.
Please contact our Customer Service Department at 617-666-4700 with any questions.
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