 |
We can help you put your excess funds to work for you with one of our business savings products. You may choose your savings option and can rest assured that your deposit is fully insured with the first $250,000 insured by the Federal Deposit Insurance Corporation (FDIC) and all amounts over that insured by the Depositors Insurance Fund (DIF) of Massachusetts. |
Money Market
Our money market account earns a competitive variable rate of interest that increases with your balance and no monthly fee. This account allows for:
- Unlimited in-person withdrawals
- Up to six automatic payments per month
In addition, this account allows for limited check access. You may open a Money Market Account and will earn the stated annual percentage yield with a minimum deposit of $2,500.
Passbook Savings
A liquid savings account that offers a competitive interest rate with no monthly fee. This account has a passbook for easy record keeping. You may open it with as little as $10 and earn interest with a minimum balance of $10.
|
||||||
| Product | Type of Compounding | Minimum Balance to Open | Minimum Balance to Earn APY | Annual Percentage Yield (APY) | ||
|---|---|---|---|---|---|---|
| Passbook Savings | Daily | $10 | $10 | 1.01% | ||
| *Fees may reduce earnings. | ||||||
Certificate of Deposit
For longer-term savings goals, you can maximize your return by investing in a fully insured high yield Certificate of Deposit(CD.) CDs typically earn a higher interest rate than a regular savings account and offer the security of knowing that you will receive a fixed rate of interest for the term you choose. We offer CDs in terms from 91 days to 3 years at some of the most competitive rates in the area.
 |
Term | |
Minimum Balance Requirement |
|
|
91-Day Certificate | |
$2,500 |
|
|
6 Month Certificate | |
$2,500 |
|
|
1 Year Certificate | |
$1,000 |
|
|
2 Year Certificate | |
$1,000 |
|
|
3 Year Certificate | |
$1,000 |
Can't make it to the bank?
Our Business Development Officer is available to meet with you where and when it is convenient for you. She can meet with you to determine your needs and provide you with a free no obligation analysis of your checking needs.
Contact Paula Burke today to set up an appointment:
Paula M. Burke
Business Development Officer
Phone: (781) 828-8033 ext. 3808
pburke@thebankofcanton.com
ExecuBanc
Get up to the minute account information with the click of a mouse with The Bank of Canton's ExecuBanc product. It is a dynamic tool that enables you to use your own computer to perform a variety of banking activities via dial-up connection.
ExecuBanc enables you to:
- Look up detailed information on your current cash position, including balances, holds and presentments
- Review your transactions
- Transfer money between accounts
- Generate ACH transfers
- Make federal tax payments
- Make wires and stop payments
Our product offers complete privacy, through user codes and passwords, which allow you to assign unique identifications for authorized users.
Other Available Services:
- Federal Tax Deposit
- MasterCard/Visa Merchant Services
- Night Deposit Service
- Payroll Service
- Wire Transfers
- Direct Deposit
- Certified Checks
- 24-Hour Telephone Banking
- ATM-Deposit Only Cards
