Belmont Savings Bank | Savings is Our Middle Name

Belmont Savings Bank Savings is Our Middle Name

Savings Accounts

Passbook Savings

Start a savings program with our Passbook Savings account, and you’re on your way to meeting your goals. Start by setting up an automatic transfer from any Belmont Savings Bank checking account. Savings accounts are also a great way to teach children about money.


Golden Passbook Savings

Looking to earn a higher rate of interest and still enjoy the liquidity of a savings account?  The Golden Passbook will earn you a higher rate for balances exceeding $75,000.00.  


Christmas Club

Open a Christmas Club to save for your holiday shopping this year!  Small deposits in branch, online or via automatic transfer will build up in no time for a little extra holiday cheer.  Interest credits at maturity and checks are mailed in October.  Just in time for shopping! 

 

Savings Type APY Rate Rate Type Interest Compounded Interest Credited Minimum
Required
Balance to
Earn APY
Minimum Required
Balance to
Open
Regular Passbook Savings 0.20% 0.20% Variable Quarterly Quarterly $100.00 $100.00
Golden Passbook 0.35% 0.35% Variable Quarterly Quarterly $75,000.00 $75,000.00
  0.20% 0.20% Variable Quarterly Quarterly $100.00 to $74,999.99  
Christmas Club 0.20% 0.20% Variable Quarterly Quarterly $0.01 $5.00

 

 

Rates are variable and subject to change without notice.