Century Bank of Massachusetts Super Savings Account

Century Bank of Massachusetts Super Savings Account Review

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

• Higher than average APY. Century Bank of Massachusetts Super Savings Account has an annual percentage yield of up to 0.2%, which is higher than the national average interest rate on savings accounts.
• Small minimum initial deposit. You only need $10 to open an account.

Pros	Cons
Interest-yielding account. Access to physical branches. Free debit card	No signup bonus. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Only available in one state. Higher than average wire transfer fees.

Are savings accounts from Century Bank of Massachusetts federally insured?

Yes, this account is 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.

Does Century Bank of Massachusetts offer a signup bonus?

Century Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Century Bank savings account?

The minimum deposit to open a Century Bank savings account is $10.

Century Bank of Massachusetts Super Savings Account Minimums

Description
Minimum Opening Deposit	Starting at $10

What APY does Century Bank of Massachusetts offer?

Century Bank savings account offers an APY of 0.2% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Century Bank savings account charge?

Century Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $20 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $10 fee.

What features and perks does Century Bank savings account offer?

This savings account includes the following features:

• Mobile Banking Services - Century Bank savings account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Century Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.