Review the current rates and annual percentage yields (APY) for our selection of savings options.

Your Community Rewards^

Effective Date: Tuesday, December 11, 2018

Your Community Rewards^

APYInterest RateMinimum to OpenMinimum Daily Balance to Earn APY
1.00%1.00%$100$100

* Rate and APY may change after the account is opened. Must be funded with deposits not currently held at Beverly Bank. Fees may reduce earnings on account. Other terms and conditions and withdrawal limitations apply. Product offering may be withdrawn at any time. Bank donation to designated nonprofit made annually, based on a percentage of December 31st annual average balance. Account must be open on December 31st. Nonprofit must be registered with Beverly Bank. For 2018, the donation percentage is 0.25%. Donation percentage is accurate as of 1-31-18 and may change thereafter.

Statement Savings**^

Effective Date: Tuesday, December 11, 2018

Statement Savings**^

APYInterest RateMinimum To OpenMinimum Daily Balance to Earn APY
0.05%0.05%$1$10

** The interest rate and annual percentage yields may change after account opening. Fees may reduce earnings.

Statements Savings (Online Account Opening Only)**^

Effective Date: Tuesday, December 11, 2018

** The interest rate and annual percentage yields may change after account opening. Fees may reduce earnings. Account must be opened online. Must be funded with deposits not currently held at Beverly Bank. Consumer accounts only (non-business). Product offering may be withdrawn at any time.

Christmas Clubs**^

Effective Date: Tuesday, December 11, 2018

Christmas Clubs**^

APYInterest RateMinimum To OpenMinimum Daily Balance to Earn APY
0.05%0.05%$1$10

** The interest rate and annual percentage yields may change after account opening. Fees may reduce earnings.

Money Market (MMDA)**#^

Effective Date: Tuesday, December 11, 2018

Money Market (MMDA)**#^

APYInterest RateMinimum To OpenMinimum Daily Balance to Earn APY
0.10%0.10%$2,500($10 up to but not exceeding $2,499.99)
0.20%0.20%$2,500($2,500 and above but not exceeding $24,999.99)
0.25%0.25%$2,500($25,000 and above but not exceeding $99,999.99)
0.50%0.50%$2,500($100,000 and above)

** The interest rate and annual percentage yields may change after account opening. Fees may reduce earnings.

#There is a $2,500 minimum to open an MMDA Account. If the balance after opening drops below $2,500, see above for appropriate rates.

^Transaction Limits: Per Federal Regulations, the depositor is permitted to make no more than six transfers and/or withdrawals, per statement cycle, from this account to another account at Beverly Bank or to a third party by means of a preauthorized or automatic transfer, or telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties, including online banking or bill payment services. A preauthorized transfer includes any arrangement by the Bank to pay a third party from your account upon your written or oral instruction (including an order received through an automated clearing house (ACH)) or any arrangement by the Bank to pay a third party from your account at a predetermined time or on a fixed schedule.  You may make an unlimited number of withdrawals or transfers from this account so long as they are made by mail, ATM, or in person at one of our branch locations.  Additionally, if you exceed your six (6) transaction limit on a regular basis, we may close your account, or change this type of account to a different deposit account you are eligible to maintain.  An excessive transaction fee of $10/transaction will apply.

11 Month Tiered-Rate CD Special*

Certificate of Deposit Specials

Effective Date: Tuesday, December 11, 2018

Certificate of Deposit Specials

TermAPYInterest RateMinimum to OpenMinimum Daily Balance to Earn APY
9 month*2.15%2.13%$500$500
11 month**2.50%2.50%$500$500
19 month*2.60%2.57%$500$500
23 month**2.85%2.81%$500$500

*A penalty will be imposed for early withdrawals. Early withdrawals will be subject to substantial penalty as required by law. Customers may request further information from one of our Customer Service Representatives concerning the fees and terms applicable to these accounts. Fees may reduce earnings.

**A penalty will be imposed for early withdrawals. Early withdrawals will be subject to substantial penalty as required by law. Customers may request further information from one of our Customer Service Representatives concerning the fees and terms applicable to these accounts. Fees may reduce earnings. Must be funded with deposits not currently held at Beverly Bank.

Certificate of Deposit

Effective Date: Tuesday, December 11, 2018

Certificate of Deposit

TermAPYInterest RateMinimum To OpenMinimum Daily Balance to Earn APY
91 Day*0.15%0.15%$500$500
6 Month*0.30%0.30%$500$500
9 Month*2.15%2.13%$500$500
12 Month*.50%.50%$500$500
15 Month*.55%.55%$500$500
18 Month*0.60%0.60%$500$500
20 Month*0.75%0.75%$500$500
24 Month*0.75%0.75%$500$500
36 Month*2.00%1.98%$500$500
48 Month*2.00%1.98%$500$500
60 Month*2.75%2.72%$500$500

*A penalty will be imposed for early withdrawals. Early withdrawals will be subject to substantial penalty as required by law. Customers may request further information from one of our Customer Service Representatives concerning the fees and terms applicable to these accounts. Fees may reduce earnings.

 

Individual Retirement Accounts

Effective Date: Tuesday, December 11, 2018

Individual Retirement Accounts

TermAPYInterest RateMinimum To OpenMinimum Daily Balance to Earn APY
IRA Savings0.05%0.05%$1$10
91 Day*0.15%0.15%$500$500
6 Month*0.30%0.30%$500$500
9 Month*2.15%2.13%$500$500
11 Month*0.40%0.40%$500$500
12 Month*0.50%0.50%$500$500
15 Month*.55%.55%$500$500
18 Month*0.60%0.60%$500$500
20 Month*0.75%0.75%$500$500
24 Month*0.75%0.75%$500$500
36 Month*2.00%1.98%$500$500
48 Month*2.00%1.98%$500$500
60 Month*2.75%2.72%$500$500

*A penalty will be imposed for early withdrawals. Early withdrawals will be subject to substantial penalty as required by law. Customers may request further information from one of our Customer Service Representatives concerning the fees and terms applicable to these accounts. Fees may reduce earnings.