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Last Updated: 04/18/2025

Century Bank of Massachusetts Money Market Account

in Money Market Accounts from Century Bank of Massachusetts

Last Updated: 04/18/2025

Century Bank of Massachusetts logo
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APY (Annual Percentage Yield)

0.02% - 0.10%(Verified 06/21/2024)
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Minimum Balance to Earn APY

$10

Minimum Opening Deposit

Starting at $1

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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 are available in 1 state.

Key Takeaways

  • Very high annual percentage yield (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 fee of $12, but the fee may be 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

Century Bank of Massachusetts Money Market Account FAQ

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

Yes, your deposits are insured 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.

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.

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 account is (866) 823-6887.

What is the support contact email?

The support contact email for this business credit card is socialwebteam@easternbank.com.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

102 Fellsway West
Somerville, MA 02145
Visit Site
Email Support

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

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SuperMoney Net Recommendation Score

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Century Bank of Massachusetts Money Market Account Community Reviews

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