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Checking & Savings

Business Checking
One account with lots of flexibility makes doing business through Mayflower easier than ever.

Features:

  • Offset account charges with credit earned on your deposits.
  • Available overdraft line of credit of up to $5,000.
  • ATM and debit card for managing your business expenses.
  • Free online banking and bill pay make it easy to pay your Mayflower Bank commercial loans right from your computer!
  • Low maintenance charge and account fees

Passbook & Statement Savings Accounts
It's easy to start building capital for future business growth with our savings accounts. Whichever option you choose, you can open your account with as little as $25. Interest is compounded daily and paid monthly.

Features:

  • Maintain a $500 balance and waive the monthly service charges for your Passbook Savings.
  • Link up your account to payroll, social security or pension check direct deposit and your account will be FREE.
  • Gain instant access to your Statement Savings account with the convenience of 24-hour ATM access with no monthly fee!

Money Market
Combine the earning power of a savings account with the flexibility of a checking account and make your capital work even harder for you!

Features:

  • Unlimited deposits and cash withdrawals.
  • Easy access to your funds by check or electronic transfer. Make up to six transfers per statement cycle (no more than three by check, draft, or debit card) to other accounts or to third parties.
  • A low minimum balance of just $2,500 is all thatŐs required to earn the Money Market interest rate. For balances over $9.99 but less than $2,500, the first tier of our checking account rate applies.
  • Interest compounded and paid monthly.

Certificates of Deposit (CDs)
Mayflower Bank is proud to offer some of the most competitive CD and IRA rates in the area. Low minimum deposits, high interest rates, and varying terms make our CD's perfect vehicles for making your money work for you.

Features:

  • Terms available from 91 days* to 5 years.
  • Just $500 to open a CD of one year or more. Terms under one year require a $2,500 minimum.
  • Interest is compounded and credited monthly, or can be automatically transferred to another Mayflower account or sent directly to you.

*Interest on 91-day certificates is not compounded and is credited at maturity.

All Deposits Insured in Full
The Federal Deposit Insurance Corporation (FDIC) insures all deposits up to $250,000. All deposits above the FDIC limits are insured in full by the Share Insurance Fund (SIF) of Massachusetts. No one provides better deposit protection!

How can we help?
For more information please complete our information request form, stop by one of our offices, or call (508) 947-4343.

 
   
 
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