Checking & Savings

Passbook Savings

• Minimum amount to open $50.00
• Minimum balance to earn interest $50.00
• Deposits can be made at any one of our branches
• Passbook must be presented for all withdrawals
• Lost Passbook Fee $30.00

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

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 branches
• Early club closing Fee $10.00

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

Money Market Savings

• Minimum amount to open $2,500.00
• Minimum balance to earn interest $50.00
• Free ATM Card
• 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

FREE Checking

• A Non Interest Bearing Checking Account
• 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.

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

NOW Checking

• Minimum amount to open $100.00
• Minimum balance to earn interest $50.00
• With this account, you can either set up Direct Deposit (Payroll, Social Security or Retirement Benefits) or maintain a minimum balance of $1,000.00 at all times, in order to avoid the monthly service charge of $10.00
• 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.

Business Accounts (Commercial Checking)

• Minimum amount to Open $100.00
• 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.

Certificates Of Deposit

• Minimum amount to open:
• Under 1 year $1,000.00
• 12 Months to 5 years $500.00
• 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 $30.00

Jumbo Certificates of Deposit with a minimum amount of $95,000.00 or more are also available
with a term length from 3 months to 5 years.

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 $ 15.00
• Transfer Out Fee 15.00

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

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