Middlesex Savings Bank Review, 2019

See how Middlesex Saving Bank's interest rates stack up against the national average.

Published September 6, 2019

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Middlesex Savings Bank is a bank with headquarters in Natick, Massachusetts.

Middlesex Savings Bank savings account rates

Deposit account interest rates are calculated as an annual percentage yield, or APY.

Rates current as of September 3, 2019.

Type of Savings AccountInterest RateAPYMinimum Deposit to OpenMinimum Balance for APY
Savings Account (Statement Only)0.10%0.10%$1.00$10
Passbook Savings Account0.10%0.10%$1.00$10

Savings account rates national average

ProductAverage Interest Rate, BanksAverage Interest Rate, Credit Unions
Regular savings account, $1,000 deposit0.20.17
Money market account, $2,500 deposit0.260.37
Interest checking account, $1,000 deposit0.140.12

National averages are from S&P Global Market Intelligence as reported by the NCUA. Last updated June 28, 2019.

Middlesex Savings Bank Checking Accounts

Middlesex Savings Bank has several different checking options, including some interest-bearing checking accounts.

Personal Checking Accounts

Account NameAPYBenefits
Freedom Blue Checking0.00%No-fee checking account; five ATM fee reimbursements; access to Money Fund account
Freedom Gold Checking0.00%Unlimited ATM fee reimbursements; certain fees waived; access to Freedom Gold Money Fund
Freedom Platinum Checking0.00%Unlimited ATM fee reimbursements; many fees waived; access to Freedom Platinum Money Fund and Freedom Platinum CDs

Other Types of Checking Accounts

Type of AccountBenefitsRequirement
Student Checking AccountFreedom Blue Account with no fees and direct deposit requirement waivedMust be under age 26
Fun Club SavingsPassbook Savings Account for kids age 12 and younger; no fees or balance requirements; deposits enter you into drawings to win kid-friendly prizes

Money Market Accounts

Middlesex Savings Bank’s money market accounts are called Money Fund Accounts.

Money Fund

Deposit AmountInterest RateAPYMinimum Deposit to OpenMinimum Balance for APY
$10 - $4,999.990.30%0.30%$1$10.00
$5,000 - $24,999.990.40%0.40%$1$5,000.00
$25,000 - $49,999.990.50%0.50%$1$25,000.00
$50,000 and up0.60%0.60%$1$50,000.00

Freedom Gold Money Fund

Requires a Freedom Gold Checking account to open.

Deposit AmountInterest RateAPYMinimum Deposit to OpenMinimum Balance for APY
$10 - $24,999.990.45%0.45%$1.00$10.00
$25,000 - $49,999.990.55%0.55%$1.00$25,000.00
$50,000 - $99,999.990.65%0.65%$1.00$50,000.00
$100,000 and up0.75%0.75%$0.00$100,000.00

Platinum Money Fund

Requires a Freedom Platinum Checking account to open.

Deposit AmountInterest RateAPYMinimum Deposit to OpenMinimum Balance for APY
$10 - $24,999.990.55%0.55%$1.00$10.00
$25,000 - $49,999.990.65%0.65%$1.00$25,000.00
$50,000 - $99,999.990.75%0.75%$1.00$50,000.00
$100,000 and up0.85%0.85%$1.00$100,000.00

Calculate your savings

Use our simple savings calculator to see how much you can save.

Middlesex Savings Bank CD rates

Middlesex Savings Bank allows flexible CD terms and low minimum initial deposits.

Certificates of Deposit

Term LengthInterest RateAPYMinimum deposit to open
Three-month CD0.90%0.90%$250
Six-month CD1.88%1.90%$250
One-year CD1.98%2.00%$250
Two-year CD2.08%2.10%$250
Three-year CD2.08%2.10%$250
Four-year CD2.08%2.10%$250
Five-year CD2.08%2.10%$250

Adjustable-Rate Retirement CD

Term LengthInterest RateAPYMinimum deposit to open
One-year ARM CD1.98%2.00%$250
18-month ARM CD1.98%2.00%$250

Freedom Platinum CD

Requires a Freedom Platinum Checking account to open.

Term LengthInterest RateAPYMinimum deposit to open
Three-month CD1.00%1.00%$250.00
Six-month CD1.98%2.00%$250.00
One-year CD2.08%2.10%$250.00
Two-year CD2.18%2.20%$250.00
Three-year CD2.18%2.20%$250.00
Four-year CD2.18%2.20%$250.00
Five-year CD2.18%2.20%$250.00

Learn more about CDs.

CD rates national average

ProductAverage Interest Rate, BanksAverage Interest Rate, Credit Unions
Three-month CD, $10,000 deposit0.440.58
Six-month CD, $10,000 deposit0.690.95
One-Year CD, $10,000 deposit1.111.42
Two-Year CD, $10,000 deposit1.361.75
Three-Year CD, $10,000 deposit1.521.95
Four-Year CD, $10,000 deposit1.632.14
Five-Year CD, $10,000 deposit1.872.38

National averages are from S&P Global Market Intelligence as reported by the NCUA. Last updated June 28, 2019.

Middlesex Savings Bank fees and how to avoid them

Monthly Service Fee

Type of AccountFeeHow to avoid
Freedom Blue Checking$0NA
Freedom Gold Checking$19Maintain $10,000 balance among all your Middlesex Savings Bank accounts
Freedom Platinum Checking$29Maintain $50,000 balance among all your Middlesex Savings Bank accounts

Home loans at Middlesex Savings Bank

Middlesex Savings Bank offers several types of home loans, including:

  • Fixed-Rate Mortgages
  • Adjustable-Rate Mortgages (ARMs) (Learn more about ARMs.)
  • Conforming Mortgages
  • Construction Loans

Mortgage calculator

Before you shop for home loans, try the Policygenius mortgage calculator to estimate how much your monthly mortgage payment will be.

Other Middlesex Savings Bank products

Auto loans at Middlesex Savings Bank

TypeAPRTerm
New Car Loan4.00%36 Months
New Car Loan4.25%48 Months
New Car Loan4.50%60 Months
Used Car Loan4.75%36 Months
Used Car Loan5.00%48 Months

Learn more about car loans.

Personal loans at Middlesex Savings Bank

TypeAPRTerm
Personal Loan12.00%36 Months
Personal Loan13.00%48 Months
Personal Loan14.00%60 Months
Passbook Loan2.00% + current account rateDoesn’t affect rate

Learn more about signature loans.

Lines of credit at Middlesex Savings Bank

TypeAPR
Reserve Line of Credit16.00% (9.99% APR for Freedom Gold Checking customers; 7.99% APR for Freedom Platinum customers)
HELOC2.99% for first six months; variable APR after

Learn more about whether a home equity line of credit (HELOC) is right for you.

Home equity loans at Middlesex Savings Bank

Term LengthAPR
Five-Year Home Equity Loan4.00%
10-Year Home Equity Loan4.25%
15-Year Home Equity Loan4.50%
20-Year Home Equity Loan4.75%
30-Year Home Equity Loan5.00%

More info about Middlesex Savings Bank

Middlesex Savings Bank is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account per person.

Fast Facts
Routing Number211371227
Established1835
Branch Locations31
ATM Locations7 + more than 40,000 network ATMs

Holiday Closures

HolidayDateNotes
New Year's DayTuesday, January 1, 2019All locations closed.
Martin Luther King Jr. DayMonday, January 21, 2019Grocery store locations open.
Washington's Birthday (President's Day)Monday, February 18, 2019Grocery store locations open.
Patriot's DayMonday, April 15, 2019Only Hopkinton, Ashland, Concord, Wellesley, and Natick Banking Offices closed.
Memorial DayMonday, May 27, 2019Grocery store locations open.
Independence Day (Fourth of July)Thursday, July 4, 2019All locations closed.
Labor DayMonday, September 2, 2019Grocery store locations open.
Columbus Day (Indigenous Peoples Day)Monday, October 14, 2019Grocery store locations open.
Veterans DayMonday, November 11, 2019Grocery store locations open.
Thanksgiving EveWednesday, November 27, 2019All locations close at 3 PM.
ThanksgivingThursday, November 28, 2019All locations closed.
Christmas EveTuesday, December 24, 2019All locations close at 3 PM.
Christmas DayWednesday, December 25, 2019All locations closed.
New Year's EveTuesday, December 31, 2019All locations close at 3 PM.

Learn more about which banks and credit unions are open today.

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