*To qualify for the $300 Bonus: Open a StonehamBank Optimum One or Optimum Plus checking account online at stonehambank.com, connect through video banking, or visit our Billerica Branch and use promo code 300OFFER. Within 90 days of the account opening date, you must have a qualifying monthly direct deposit of at least $500 into the new checking account. Qualifying direct deposits include paychecks, pensions, government benefits (such as Social Security), or other eligible regular monthly income from employers or the government, electronically deposited into the checking account, with a minimum of $500. Transfers between StonehamBank accounts and accounts at other financial institutions or brokerages do not qualify. The customer must not have had any existing or prior personal checking accounts with StonehamBank within the previous 12 months. Once the offer requirements are met: The $300 bonus will be credited into the new personal checking account within 120 days from the new account opening date. The account must remain open, active, and in good standing to receive the bonus. In the event of the checking account’s closure by the customer or StonehamBank within 6 months of the account opening, StonehamBank reserves the right to deduct the bonus amount from any of the involved accounts upon closure. StonehamBank may issue an IRS Form 1099-INT or other appropriate forms reporting the value of the bonus. The offer is subject to change and may be withdrawn at any time.

¹ Optimum One Checking: $10 minimum balance is required to open account. The Optimum One Checking Account is a non-interest-bearing account. 

² Optimum Plus Checking: $10 minimum balance is required to open account and earn APY. Annual Percentage Yield (APY) 0.01% effective 08/30/2024. Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.