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  Century Bank of Massachusetts Money Market Account

Century Bank of Massachusetts Money Market Account

in Money Market Accounts from Century Bank of Massachusetts · fdic

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Century Bank of Massachusetts Money Market Account

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in Money Market Accounts from Century Bank of Massachusetts · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.02% - 0.10%
APY Minimum Balance $10
Minimum Opening Deposit Starting at $1

Century Bank of Massachusetts Money Market Account Review

Century Bank of Massachusetts Money Market Account is offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank of Massachusetts Money Market Account is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.10%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $10.
  • Charges a monthly fee. This account charges a monthly service fee of $12, but the fee is waived if you keep a minimum balance of $2,500.
  • Small minimum initial deposit. You only need $1 to open an account.
Pros & Cons of Century Bank of Massachusetts Money Market Account
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Only available in one state.
  • Monthly service charge.
Century Bank of Massachusetts Money Market Account FAQ

Are money market accounts from Century Bank of Massachusetts federally insured?

Yes, your Century Bank of Massachusetts money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #19943). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Century Bank of Massachusetts Money Market Account rates?

Century Bank of Massachusetts Money Market Account offers an APY starting at 0.02% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $10.

Century Bank of Massachusetts Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.02% - 0.10%

What are the fees for Century Bank of Massachusetts Money Market Account?

This account charges a monthly maintenance fee of up to $12. You can avoid this fee by maintaining a balance of $2,500.

Century Bank of Massachusetts will charge you a $25 fee if you exceed your maximum number of monthly transactions.

Century Bank of Massachusetts Money Market Account Fees
Fees Amount
Monthly Fee up to $12
Paper Statement Fee N/A
Excess Transaction Fee $25

What is the minimum balance for Century Bank of Massachusetts Money Market Account?

Minimum deposit of $1. You must make an initial deposit of at least $1 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $10. You must keep the account balance above $10 to earn interest.

What features and perks does Century Bank of Massachusetts Money Market Account offer?

This account includes the following features:

  • Fraud monitoring - Century Bank of Massachusetts monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Century Bank of Massachusetts Money Market Account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (866) 823-6887.

How to open an account with Century Bank of Massachusetts

  • Visit the Century Bank of Massachusetts website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 4:00pm
  • Tuesday 8:00am - 4:00pm
  • Wednesday 8:00am - 4:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday 8:00am - 1:00pm

Other Services by Century Bank of Massachusetts

Availability

  Available in 1 state
Massachusetts
Availabile in all of Massachusetts

Feature Breakdown

APY Minimum Balance $10
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Opening Deposit Starting at $1
Monthly Fee $12
NSF Fee $36
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.02% - 0.10%

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