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

Your Community Rewards^

Effective Date: Wednesday, June 26, 2019

Your Community Rewards^

APYInterest RateMinimum to OpenMinimum Daily Balance to Earn APY
1.50%1.49%$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 Product offering may be withdrawn at any time.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 2019, the donation percentage is 0.25%. Donation percentage is accurate as of 1-1-19 and may change thereafter.

Statement Savings**^

Effective Date: Wednesday, June 26, 2019

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: Wednesday, June 26, 2019

** 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 Product offering may be withdrawn at any time.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: Wednesday, June 26, 2019

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.

11 Month Tiered-Rate CD Special*

Certificate of Deposit Specials

Effective Date: Wednesday, June 26, 2019

Certificate of Deposit Specials

TermAPYInterest RateMinimum to OpenMinimum Daily Balance to Earn APY
7 month*2.35%2.35%$500$500
18 month*2.50%2.47%$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.

 

Certificate of Deposit

Effective Date: Wednesday, June 26, 2019

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*0.50%0.50%$500$500
12 Month*.50%.50%$500$500
15 Month*.55%.55%$500$500
18 Month*2.50%2.47%$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: Wednesday, June 26, 2019

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*0.50%0.50%$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*2.50%2.47%$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.