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Home > Products > Checking & Savings
Checking & Savings
  • Free Checking
  • NOW Checking
  • Money Market Savings
  • Statement Savings
  • Certificates of Deposit
  • Individual Retirement Accounts
  • Business Accounts (Commercial Checking)
  • Christmas Clubs
  • Passbook Savings
  • Free OOPS!-Occasional Overdraft Privilege Service

Switch Kit

Switching checking accounts from another bank to Middlesex Federal Savings is quick and easy. Click here for more information or contact our Customer Service Department at 617-666-4700 and we will assist you.

FREE Checking

  • A Non Interest Bearing Checking Account Lower case on N/I/B/C/A
  • Minimum Amount To Open: $50.00
  • No Monthly Service Fees or Direct Deposit Requirements
  • FREE ATM or MasterMoney Debit Card
  • The First 50 Printed Checks are FREE
  • Unlimited Check Writing
  • Overdraft Privilege Eligibility After 30 Days for New Accounts

STANDARD ATM SERVICE FEES APPLY.

NOW Checking

  • Minimum amount to open $100
  • Minimum balance to earn interest $50
  • With this account, you can either set up Direct Deposit (Payroll, Social Security or Retirement Benefits) or maintain a minimum balance of $1,000 at all times, in order to avoid the monthly service charge of $10
  • Free ATM or MasterMoney Debit Card
  • The first 50 printed checks are given with no cost to the account holder
  • Unlimited check-writing
  • FREE OOPS= Occasional Overdraft Privilege Service Eligibility

STANDARD ATM SERVICE FEES APPLY.

Money Market Savings

  • Minimum amount to open $2,500.00
  • Minimum balance to earn interest $50.00
  • Free ATM Card put this line on top
  • This account allows you to have six free check withdrawals each statement cycle (Per Month).
  • Excess Check Fee (per check) $10.00
  • If account falls below opening amount during cycle period, then the account automatically reverts to the NOW rate, and incurs a $10.00 fee

Statement Savings

  • Minimum amount to open $300.00
  • Minimum balance to earn interest $300.00
  • This account offers a three-tiered variable interest rate depending on the amount you invest
  • Free ATM or MasterMoney Debit Card
  • This account allows you to have six free check withdrawals each statement cycle (Per Month).
  • Excess Check Fee (per check) $10.00

Certificates Of Deposit

  • Minimum amount to open:
  • Under 1 year $1,000
  • 12 Months to 5 years $500
  • Competitive fixed rates and yields
  • Automatic Rollover at maturity
  • Beginning on the date of maturity, you are allowed a 10 calendar day grace period to make any deposits, withdrawals, or changes to your account without penalty
  • Option to receive monthly interest in check form or an automatic deposit into an existing checking or savings account at Middlesex Federal Savings
  • Penalty may be imposed for early withdrawal
  • Lost Passbook Fee $10

Individual Retirement Accounts (IRA's)

  • Different types of Individual Retirement Accounts offered:
    • Traditional IRA
    • Roth IRA
    • Education IRA
  • IRA rates are the same as our fixed CD rates
  • Yearly Maintenance Fee $ 15
  • Transfer Out Fee 15

Business Accounts (Commercial Checking)
Service Fees:
Monthly Maintenance $8.00
Paid Checks $0.16
Deposit $0.75
Deposited Items (per item) $0.08

  • Minimum amount to Open $100
  • Non-Interest Bearing Account
  • Free ATM or MasterMoney Debit Card
  • FREE OOPS= Occasional Overdraft Privilege Service Eligibility
  • Earnings Credit Allowance:
    • You will earn a rate of 3% on the collected balance to offset the above listed service charges.

Christmas Club

  • Minimum amount to Open $10.00
  • Minimum balance to earn interest $10.00
  • Easy way to save for the holidays
  • Deposits can be made with the passbook at any of our three branches
  • Early club closing Fee $10.00

Passbook Savings

  • Minimum amount to open $50
  • Minimum balance to earn interest $50
  • Deposits can be made at any one of our three branches
  • Passbook must be presented for all withdrawals
  • Lost Passbook Fee $10.00

***** Passbook Savings Loans are available. For more information, feel free to contact our Customer Service Department *****

FREE OOPS= Occasional Overdraft Privilege Service
  • Discretionary Overdraft Service for NOW Checking Accounts, FREE Checking Accounts & Business Checking Accounts
  • May pay any item initiated for payment against your account if your account does not contain sufficient collected funds
  • NOW Checking and FREE Checking OOPS Limit: $800
  • Business Checking OOPS Limit: $1,500
  • Fees: $20 per non-sufficient funds or overdraft item for each transaction
  • $5 per day "daily overdraft fee" for the sixth and each subsequent consecutive calendar day your account is overdrawn and continues to have a negative (overdraft) balance
  • OOPS is available for Checks, either Written to, Over the Counter, or Third Party Payee; ATM Withdrawals; Debit Card Purchases; & Internet Banking
  • You may always OPT-OUT of OOPS - Please Contact a Customer Service Representative
  • Repayment program available in four installments over a four month period
NOTICE TO COMMERCIAL CUSTOMERS UNLAWFUL INTERNET GAMBLING NOTICE:

The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) as defined in Federal Reserve Regulation GG, prohibits businesses from knowingly accepting payments in connection with the participation by others in unlawful internet gambling (termed “restricted transactions” in the Act). You may not use your account or any other service we offer to process any restricted transaction. Middlesex Federal Savings will block any transaction that it deems to be restricted and take any other reasonable action to comply with the requirements of the Act.

In addition, we also offer an IRA Passbook Savings, as well as an 18 Month variable rate IRA CD.

***** All IRA accounts are FDIC insured up to $250,000.00 *****

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