Non-Profit Savings Account

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We have been made aware of a recent scam where customers are receiving texts and calls from scammers claiming to be StonehamBank. StonehamBank will NEVER call you to ask for your User ID, password or verify security codes. If you receive an email, text, call or social media message from someone claiming to be from StonehamBank and you have any concerns about the validity, please contact us immediately.

Non-Profit Savings Features

Earns competitive interest rates on balances of $10 or more maintained in the account each day
No monthly maintenance fee
No monthly minimum balance requirement
Easily make transfers or withdrawals in person, online, by mail, or at an ATM
24/7 Account Access available with our Business Online Banking
Can be linked to your Business Visa® Debit Card (requires a checking account) with 24-hour ATM access
Free eStatements
100% deposit insurance through FDIC and DIF
Copy of your IRS 501c (3) determination letter or tax-exempt status is required
Dedicated account representative to customized banking solutions crafted to meet your non-profit’s specific needs
Up to 10% of our profits benefit community causes, making your banking part of the difference

Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

Non-Profit Savings Rates

Effective as of 3/31/2025

Balance	Interest Rate	Annual Percentage Yield (APY)
$0.00-$9.99	0.00%	0.00%
$10.00-$9,999.99	0.05%	0.05%
$10,000 and above	2.47%	2.50%

APY = Annual Percentage Yield

Fees may reduce earnings. Minimum balance to open and earn APY is $10.00. Interest compounded and credited monthly. Variable rate may change after account is opened. Certain other restrictions may apply.

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Non-Profit Savings

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