Your Business Savings.

Money Fund  Rate Information

Our Money Fund Account is a tiered interest bearing savings account that offers a higher interest rate than a regular savings account and gives you the option of not tying up your money for an extended period of time.

• Low Monthly Service Fee if balance falls below the requirement
• The higher the Deposit Balance, the higher the Interest Rate you will earn.
• Receive a Monthly Statement
• ATM, TeleBanker and MSB Online Access Available
• FDIC Insured
• Unlimited In-Person Transactions Available
• Limited Access by Checks Available
• Available for Business or Personal Use
• No Fee Telebanker and MSB Online Access Available 

Ultimate Savings Rate Information

A higher rate interest bearing savings account for customers who have one of our Ultimate Checking accounts.

• Higher Rate of Interest 
• FDIC Insured 
• Receive a Montly Statement
• Unlimited In-Person Transactions 
• No Fee 

Certificate of Deposit  Rate Information

An interest bearing time deposit account in which rates are higher than a savings account and fixed for the term of the certificate. Customer must open or currently have a Machias Savings Bank checking account to qualify for specials.

• Competitive Interest Rates
• Automatically Reinvested at Maturity if change is not made within 10 days
• Variety of Terms
• FDIC Insured
• Can be Pledged as Collateral on a Loan
• Interest can be drawn or left to compound

Certificate of Deposit Account Registry Service (CDARS)

Machias Savings Bank is pleased to be a participating member in the Certificate of Deposit Account Registry Service (CDARS).   As a member of this service, Machias Savings Bank is able to offer clients a single financial institution in which to place their certificates of deposit that exceed the FDIC insured limit.  With CDARS, Machias Savings Bank opens the client’s CD in the desired term, in increments of $250,000.  Available FDIC coverage is then borrowed from other association banks across the country in order to insure the client’s full CD amount for the entire term of the CD.  This system enables clients to maintain CDs at one financial institution instead of spreading them across multiple banks in order to take advantage of FDIC coverage.