Century Bank of Massachusetts Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
• Charges a monthly fee. This account charges a monthly fee of $0.5.
• Small minimum initial deposit. You only need $1 to open an account.

Century Bank of Massachusetts Savings Account Pros & Cons

Century Bank of Massachusetts Savings Account FAQ

Are savings accounts from Century Bank of Massachusetts federally insured?

Does Century Bank of Massachusetts offer a signup bonus?

What is the minimum initial deposit for Century Bank of Massachusetts Savings Account?

The minimum deposit to open a Century Bank of Massachusetts Savings Account is $1.

What APY does Century Bank of Massachusetts Savings Account offer?

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 of Massachusetts Savings Account charge?

• 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 of Massachusetts Savings Account offer?

• Mobile Banking Services - Century Bank of Massachusetts Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Century Bank of Massachusetts Savings Account?

What is the customer support email for Century Bank of Massachusetts Savings Account?