Business Deposit Rates
Rates effective as of April 24, 2025
All rates are subject to change without notice.
| Earnings Credit Rate | Minimum Deposit to Open | |
|---|---|---|
| Analyzed Business Checking Account | 0.30% | $10 |
| Interest Rate | Annual Percentage Yield | Minimum Deposit to Open | Minimum Daily Balance to Earn APY | |
|---|---|---|---|---|
| IOLTA Checking Account | 2.48% | 2.51% | $0 | $0 |
| Small Business Money Market Account | 0.45% | 0.45% | $1 | $10.00-$5,000,000 |
| Small Business Money Market Account | 0.40% | 0.40% | $1 | ≥$5,000,000.01 |
1Fees may reduce earnings. For more information, please refer to our Business Account Fee Schedule and Understanding Your Business Account Handbook.
2You must live or work in Massachusetts
| Interest Rate | Annual Percentage Yield | Minimum Deposit to Open | Minimum Daily Balance to Earn APY | |
|---|---|---|---|---|
| 3 months | 2.95% | 3.00% | $1,000 | $10 |
| 6 months | 2.95% | 3.00% | $1,000 | $10 |
| 9 months | 2.95% | 3.00% | $1,000 | $10 |
| 1 year | 2.95% | 3.00% | $1,000 | $10 |
| 2 year | 2.95% | 3.00% | $1,000 | $10 |
| 3 year | 2.47% | 2.50% | $1,000 | $10 |
| 5 year | 1.98% | 2.00% | $1,000 | $10 |
3The APY is based on monthly compounding with funds held to maturity. Additional deposits to CDs are not permitted. All CDs are available in retirement plans with a $500 opening deposit. Substantial penalties for early withdrawal may be imposed. Withdrawals and penalties may reduce earnings. For more information, please refer to our Business Account Fee Schedule and Understanding your Deposit Account for Business Accounts Handbook.
| Interest Rate | Annual Percentage Yield | Minimum Deposit to Open | Minimum Daily Balance to Earn APY | |
|---|---|---|---|---|
| 7 months | 3.92% | 4.00% | $1,000 | $10 |
| 13 months | 3.68% | 3.75% | $1,000 | $10 |
4 The APY is based on monthly compounding with funds held to maturity. Additional deposits to CDs are not permitted. All CDs are available in retirement plans with a $500 opening deposit. Substantial penalties for early withdrawal may be imposed. Withdrawals and penalties may reduce earnings. You must live or work in Massachusetts to take advantage of this CD Special. For more information, please refer to our Business Account Fee Schedule, Understanding your Deposit Account for Business Accounts Handbook, and CD Special Disclosure.