Massena Savings & Loan

Savings Accounts

Rate Information

  • Current interest rates and annual percentage yields are posted in the Massena Savings & Loan lobby and are also available by calling 315-764-0541, as well as online by following the links above.
  • This is a Variable Rate account which means the interest rate and the annual percentage yield may change periodically at the discretion of Massena Savings & Loan after an analysis of current market rates.

Compounding and Crediting

  • Interest for the account will be compounded and credited on a Calendar Quarter Basis and available the last business day of the quarter
  • Accrued interest will be paid to date if the account is closed before a quarter end.

Minimum Balance Requirement

  • You must deposit $1.00 to open this account
  • You must maintain a minimum ledger balance of $1.00 to obtain the disclosed annual percentage yield.

Balance Computation Method

  • We use the Daily Balance Method (Day of Deposit to Day of Withdrawal) to calculate interest on your account. This method applies a daily periodic rate to the principle in the account each day.

When Interest Begins to Accrue

  • Interest begins to accrue on the business day you make a deposit with cash or non-cash items (for example, checks).


  • A deposited check that has been returned unpaid may be assessed a fee of $25.00 against your account.

Customer Service

Massena (Main) Branch

Waddington Branch

After Hours Online Banking Support

Lost/Stolen Debit Card

Debit Card Fraud Reporting

Debit Card Activation

Contact Us
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