Your Choice of Savings Accounts:

Why not put your savings to work for you? We offer many alternatives from which to choose:

Passbook Savings Accounts have no restrictions on the number of deposits or withdrawals.

• Just $10.00 opens your account.

• Choose to have your checks Direct Deposited into your Passbook Savings Account.

• Interest is compounded daily and credited monthly.

With a Statement Savings Account:

• $10.00 opens your account; a minimum daily balance of $10.00 will earn interest.

• Interest is compounded daily and credited monthly.

• Receive a monthly statement of your transactions.

• Accessible through ATM locations worldwide.

• Save time and money by electing Direct Deposit.

Certificates of Deposits

If you want an even higher savings rate, you can choose a Certificate of Deposit. It is wise to mix your investment portfolio with guaranteed CDs that eliminates the risk of losing your funds.

• Minimum deposit of $1,000 required to open account.

• Guaranteed fixed rate for the term of the deposit.

• You choose the CD term, from months to years.

• Interest compounded daily and paid monthly for CD terms 1 year and longer.

• Renewed automatically.

• May be pledged a collateral for loans.

• Substantial penalty for early withdrawal.

All of Saugusbank's Products are fully insured by the FDIC to $100,000.00 and SIF insured for balances over $100,000.00

Call and ask about the ones that are right for you!

Check Out Your Choices. 

Almost everyone needs a checking account. But all checking accounts are not created equal. At Saugusbank, we want you to choose the checking account that offers you value and best suits your financial situation. 

Our Select I or Select II accounts have all the features you'll need, and either one will make your check writing easier and more efficient than ever. 

You May Be Interested in Select I. 

One of the prime advantages of Select I is that it pays you interest on your deposit balance. With Select I, the monthly maintenance fee is only $3 per month, with a 30 cent charge per check written during a statement cycle. But, if you maintain a minimum daily balance of $500, the monthly maintenance fee and charge per check is waived.

Perhaps Select II Is a Wiser Choice for You. 

With the Select II account there is no minimum balance requirement, nor is there a per check processing charge.  Although Select II does not pay interest, you can write all the checks you need with no monthly charge. 

Your Saugusbank Visa Check/ATM Card Makes Banking Even Easier. 

Be sure to apply for a Saugusbank Visa Check Card when you open your Select I or II Checking Accounts. Better than a check, better than cash, better than a credit card, and it's also an ATM Card.

Saugusbank belongs to SUM, Cirrus and the Visa Network ATMs.

A Money Market Account offers:

• A higher rate of interest paid on higher balances.
  Click Rates for details.

• Making a withdrawal is as easy as writing a check.

• Interest is compounded daily and credited monthly.

• Minimum daily balance of $1,000 to earn the Money Market rate of interest.

• No withdrawal penalties.

• Record of transactions and interest earned is mailed to your home.

Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per month with no more than three by check, draft or similar order to third parties. Minimum withdrawal amount is $250.00.

What About Overdraft Protection? 

Overdraft Protection is offered as an option with both Select I and Select II. If you should accidentally write a check that exceeds the funds you have in your account, Overdraft Protection automatically covers the amount of that check. 

Any Questions?  Feel Free to Ask. 

If you need more information on any of our banking services, just ask. We're here to help. Sometimes the language of banking can be a little confusing. We'll sort things out so you'll clearly understand everything you need to know about your personal or business account. If you have any questions, just see one of our friendly and knowledgeable customer service representatives. 

We've Been the Only Bank for Saugus Since 1911. 

When the Saugusbank was incorporated in 1911, it was the first bank in town. For the first 60 years, there were only a few employees and everything was done by hand.

Over the years, as the town grew so did the bank. Today the Saugusbank is a state-of-the-art community bank that offers you all the services of much larger banks, but in a friendly, neighborly manner. We're not in the business to take chances but rather to manage your money conservatively and safely.