Last Updated: 04/18/2025
Century Bank of Massachusetts Super Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.2%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $10
Minimum Balance to Earn APY
N/A
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 savings account are available in 1 state.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.2%.
- Small minimum initial deposit. You only need $10 to open an account.
Century Bank savings account Pros & Cons
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Century Bank savings account FAQ
Are savings accounts from Century Bank of Massachusetts federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Century Bank of Massachusetts Super Savings Account 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?
Yes, you can typically set up a direct deposit to this account. 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.
What is the customer support email for Century Bank savings account?
The customer support email for Century Bank savings account is socialwebteam@easternbank.com.
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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