Monson Savings Bank savings and CD rates
Monson Savings Bank advertises 0.75% APY on its MoneyMaking Savings account. That is 0.38 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
The rate needs a linked account at the bank.
Ranked #899 of 2865 tracked savings rates by advertised APY. For a $10,000 balance it would rank #688.
Estimate your earnings·What Monson Savings Bank actually pays
Monson Savings Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.75% · MoneyMaking Savings · needs a linked account at the bank |
| Minimum to open | $10 · MoneyMaking Savings |
| Against the national average | 0.38 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 0.30% · 30 months · 30 Month CD |
| Minimum to open | $1,000 · 30 months CD |
| FDIC certificate | 90245 · Monson, MA |
|---|---|
| Website | www.monsonsavings.bank |
| Branches | 6 branches in MA |
| Availability | MoneyMaking Savings: Available in CT, MA |
Monson Savings Bank savings and CD rates
Personal
How the rate applies
IRA
Business
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Monson Savings Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 0.05% | $1,000 | 3 Month CD |
| 6 months | 0.10% | $1,000 | 6 Month CD |
| 9 months | 0.10% | $1,000 | 9 Month CD |
| 12 months | 0.15% | $1,000 | 12 Month CD |
| 18 months | 0.20% | $1,000 | 18 Month CD |
| 24 months | 0.25% | $1,000 | 24 Month CD |
| 30 months | 0.30% | $1,000 | 30 Month CD |
| 36 months | 0.30% | $1,000 | 36 Month CD |
| 42 months | 0.30% | $1,000 | 42 Month CD |
| IRA CDs | |||
| 6 months | 0.10% | $1,000 | 6 Month IRA Certificate |
| 6 months | 0.10% | $1,000 | 6 Month Roth IRA Certificate |
| 9 months | 0.10% | $1,000 | 9 Month IRA Certificate |
| 12 months | 0.15% | $1,000 | 12 Month IRA Certificate |
| 12 months | 0.15% | $1,000 | 12 Month Roth IRA Certificate |
| 18 months | 0.20% | $1,000 | 18 Month IRA Certificate |
| 18 months | 0.20% | $1,000 | 18 Month Roth IRA Certificate |
| 24 months | 0.25% | $1,000 | 24 Month IRA Certificate |
| 24 months | 0.25% | $1,000 | 24 Month Roth IRA Certificate |
| 30 months | 0.30% | $1,000 | 30 Month IRA Certificate |
| 30 months | 0.30% | $1,000 | 30 Month Roth IRA Certificate |
| 36 months | 0.30% | $1,000 | 36 Month IRA Certificate |
| 36 months | 0.30% | $1,000 | 36 Month Roth IRA Certificate |
| 60 months | 0.30% | $1,000 | 60 Month Variable IRA Certificate |
Interactive Tool
Calculate Savings for Monson Savings Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$282.10(2.0%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,282.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Monson Savings Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Monson Savings Bank paid a higher average rate on savings and money market deposits than 55% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Monson Savings Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| MoneyMaking Savings | 0.75% | $10 | $0 | None | not stated | Linked account at the bank | One rate | |
| Fine print: A linked MoneyMaking Checking account is required. The advertised rate is earned only on the first $100,000 of the balance, and only in a month with at least 12 debit card purchases, at least one direct deposit or automatic ACH payment, and eStatements enrolled. The part of the balance above $100,000 earns less, and in a month that misses any qualification the whole balance earns the lower non-qualifying rate. Online opening is limited to residents of Franklin, Hampden, Hampshire and Worcester counties in Massachusetts and Hartford and Tolland counties in Connecticut. | ||||||||
| Statement Savings | Up to 0.30% | $10 | $10 | None | not stated | not stated | Tiered | |
| Fine print: Online opening is limited to residents of Franklin, Hampden, Hampshire and Worcester counties in Massachusetts and Hartford and Tolland counties in Connecticut. | ||||||||
| Business | ||||||||
| Business Statement Savings | Up to 0.30% | $50 | $10 | None | not stated | not stated | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 3 Month CD | 3 months | 0.05% | $1,000 | not stated | not stated |
| 6 Month CD | 6 months | 0.10% | $1,000 | not stated | not stated |
| 9 Month CD | 9 months | 0.10% | $1,000 | not stated | not stated |
| 12 Month CD | 12 months | 0.15% | $1,000 | not stated | not stated |
| 18 Month CD | 18 months | 0.20% | $1,000 | not stated | not stated |
| 24 Month CD | 24 months | 0.25% | $1,000 | not stated | not stated |
| 30 Month CD | 30 months | 0.30% | $1,000 | not stated | not stated |
| 36 Month CD | 36 months | 0.30% | $1,000 | not stated | not stated |
| 42 Month CD | 42 months | 0.30% | $1,000 | not stated | not stated |
| IRA CDs | |||||
| 6 Month IRA Certificate | 6 months | 0.10% | $1,000 | not stated | not stated |
| 6 Month Roth IRA Certificate | 6 months | 0.10% | $1,000 | not stated | not stated |
| 9 Month IRA Certificate | 9 months | 0.10% | $1,000 | not stated | not stated |
| 12 Month IRA Certificate | 12 months | 0.15% | $1,000 | not stated | not stated |
| 12 Month Roth IRA Certificate | 12 months | 0.15% | $1,000 | not stated | not stated |
| 18 Month IRA Certificate | 18 months | 0.20% | $1,000 | not stated | not stated |
| 18 Month Roth IRA Certificate | 18 months | 0.20% | $1,000 | not stated | not stated |
| 24 Month IRA Certificate | 24 months | 0.25% | $1,000 | not stated | not stated |
| 24 Month Roth IRA Certificate | 24 months | 0.25% | $1,000 | not stated | not stated |
| 30 Month IRA Certificate | 30 months | 0.30% | $1,000 | not stated | not stated |
| 30 Month Roth IRA Certificate | 30 months | 0.30% | $1,000 | not stated | not stated |
| 36 Month IRA Certificate | 36 months | 0.30% | $1,000 | not stated | not stated |
| 36 Month Roth IRA Certificate | 36 months | 0.30% | $1,000 | not stated | not stated |
| 60 Month Variable IRA Certificate | 60 months | 0.30% | $1,000 | not stated | not stated |
| Fine print: Variable rate. The APY can change during the term. | |||||
Opening and using the account
| Availability | MoneyMaking Savings: Available in CT, MA |
|---|---|
| Footprint | 6 branches in MA |
| Eligibility | not stated |
How Monson Savings Bank behaves over time
Every observation of the advertised MoneyMaking Savings rate in the last 12 months was 0.75% (observed through Oct 7, 2026). The series includes promotional tiers where one applied.
- MoneyMaking Savings
- The same as 7 days ago.
- 30 months CD
- The same as 7 days ago.
- Rate last changed
- Sep 9, 2026(effective date)
$10,000 at the 0.75% APY Monson Savings Bank advertises on MoneyMaking Savings grows to $10,075 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,744 does today. See how the federal funds rate shapes savings rates.
Monson Savings Bank CD rates over time
Who is Monson Savings Bank?
| Headquarters | Monson, MA |
|---|---|
| Founded | 1872 |
| Scale | $806M assets · $722M deposits, $579M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 90245 |
| Charter state | Massachusetts · one of 91 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,173rd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 67% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Monson Savings Bank pays on deposits above.
Common questions about Monson Savings Bank
Is Monson Savings Bank FDIC insured?
Yes. Monson Savings Bank is FDIC insured under certificate 90245, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Monson Savings Bank?
Monson Savings Bank requires a minimum deposit of $10 to open its MoneyMaking Savings account, as observed on Oct 7, 2026. Check the bank's current terms before you open an account.
Does Monson Savings Bank have branches?
Yes. Monson Savings Bank operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
Monson Savings Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Monson Savings Bank | 0.75% | 1.56% | $10 | 6 branches in MA |
| Bank Northwest | 0.75% | 1.23% | $100 | 6 branches in MO |
| Bank Plus | 0.75% | 1.55% | $0 | 4 branches in IA |
| Commercial Bank | 0.75% | 0.73% | $25 | 8 branches in KS |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Monson Savings Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Massachusetts, nearest to Monson Savings Bank in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: banks in Massachusetts.