Deposit Rates
Below are Massena Savings and Loan's current deposit rates:
Last Updated:1 August 2023
Variable Rate Accounts
| Account Type | Minimum Balance | Rate | APY |
|---|---|---|---|
| Regular Savings Account | 1.00 | .10% | .10% |
| Money Market Savings Account | $2,500.00 | TIERED 0% / .25% / .50% | 0% / .25% / .51% |
| NOW Account | $0.01 | TIERED .05% / .10% / .25% | .05% / .10% / .25% |
Fixed Rate Certificates
| Account Type | Minimum Balance | Rate | APY |
|---|---|---|---|
| 6 Month CD | $2,500.00 | 1.00% | 1.02% |
| 12 Month CD | $1,000.00 | 4.00 | 4.12 |
| 24 Month CD | $1,000.00 | 4.50 | 4.64 |
| 36 Month CD | $1,000.00 | 4.75 | 4.90 |
| 48 Month CD | $1,000.00 | 3.75 | 3.86 |
| 60 Month CD | $1,000.00 | 3.75 | 3.86 |
Traditional/Roth IRA Accounts
| Account Type | Minimum Balance | Rate | APY |
|---|---|---|---|
| IRA Savings | $1.00 | .50% | .51% |
| 12 Month CD | $1,000.00 | 4.00 | 4.12 |
| 24 Month CD | $1,000.00 | 4.50 | 4.64 |
| 36 Month CD | $1,000.00 | 4.75 | 4.90 |
| 48 Month CD | $1,000.00 | 3.75 | 3.86 |
| 60 Month CD | $1,000.00 | 3.75 | 3.86 |
- Variable Rates may change after account is opened.
- A penalty may be imposed for early withdrawals from CD's.
- Rates are subject to change without notice.
- * "APY" = Annual Percentage Yield