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Home > Products > Savings

Savings

Statement Savings | Money Market | Certificates of Deposit | IRAs | Passbook Savings | Club Account | FDIC Insured | Fee Schedule

Statement Savings
Put your savings to work for you with an interest bearing account.

  • 24 Hour ATM Card Access*
  • $50 Minimum to Open and Earn APY (Annual Percentage Yield)
  • Limited to Six Transactions Per Statement Cycle**

Money Market
An investment alternative to CDs that lets you earn a higher rate of interest without tying up your funds.

  • $50 Minimum Open and Earn APY (Annual Percentage Yield)
  • The Higher Your Balance, the Higher Your Rate
  • Limited to Six Transactions Per Statement Cycle**
  • 24 Hour ATM Card* and Check Writing Options Available
  • Only $2,500 Minimum Average Daily Balance to Avoid a Low $10 Monthly Maintenance Service Charge

Certificates Of Deposit***
Short and long term fixed rate investment choices.

  • Interest Transfer Option Available
  • Fixed Rate Terms from 3 to 60 Months
  • $500 Minimum to Open and Earn APY on Terms Less Than 12 Months
  • $1,000 Minimum to Open and Earn APY on Terms 12 Months - 60 Months

Individual Retirement Accounts (IRAs)***
Look forward to the future; start planning with an insured retirement investment.

  • Different Types of IRAs Offered:
    • Roth IRA - Enjoy tax free earnings and the option to withdraw funds before retirement without penalty for the purchase of your first home (certain restrictions apply).
    • Traditional IRA - Both variable and fixed rate term certificates offer tax deferred earnings.
    • Education IRA - Save for your children's education and benefit from tax free earnings on qualified expenses.
  • All IRA Accounts FDIC Insured Up To $250,000
  • Short and Long Term Fixed Rate IRA CDs, 18 Month Variable Rate IRA CD, and IRA Passbook Savings Available

Passbook Savings
The perfect starter savings account.

  • Only $50 to Open and Earn APY (Annual Percentage Yield)
  • Passbook Must be Presented for All Withdrawals
  • Passbook Savings Loans Available

Club Account
Earn interest while saving for the holidays, a special purchase or getaway.

  • Only $10 to Open and Earn APY (Annual Percentage Yield)
  • No Minimum Weekly or Monthly Deposit Required
    You decide how much and when to save.
  • Automatic Annual Distribution and Renewal


FDIC Insured
All accounts are FDIC insured per depositor up to $250,000. 

 

To find out more about our products and services, click here to use our information request form, visit us at any branch office, or call us at 617-666-4700.

* Middlesex Federal Savings will not charge a fee for using another institution's ATMs up to five withdrawals, five transfers, and five inquiries per statement cycle.  ATM surcharge fees imposed by other institutions at non SUM network locations may apply. Middlesex Federal will credit up to three ATM surcharges assessed by other institutions per statement cycle when presented with qualified receipts. 
** Statement Savings, Super NOW, and Money Market accounts limited to six transactions per statment cycle, in any combination of transfers from this account or another account with Middlesex Federal Savings or to a third party by means of preauthorized, automatic or telephone transfer, or by check, draft, debit card, online transaction, or similar order. 
*** Certificates of Deposit and IRA Certificates of Deposit subject to early withdrawal penalty.  All IRA accounts may be subject to early distribution penalty.  Consult your tax advisor for details on IRA tax free and tax deferred earnings.

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