Earn a Special 4.00% APY* Bonus Rate
When you open a Bonus Checking account at Mascoma Bank, you will earn a 4.00% APY* bonus rate. You get an extremely competitive interest rate and ATM fee refunds nationwide.
With Bonus Checking, when you meet qualifications, you will:
• Earn a 4.00% APY* bonus rate on balances up to $10,000. That’s up to $400/year in interest.
• Get refunds for non-Mascoma ATM fees up to $50.
There are three easy requirements each qualification cycle to receive the bonus rate and ATM refunds: Receive eStatements; make at least one direct deposit or automatic debit (ACH); and make at least 12 debit card purchases. The minimum balance to open the account is $10.00.
Apply NowAccount Features
- Bonus rate of 4.00% annual percentage yield for balances up to $10,000 and balances greater than $10,000 will earn .15% annual percentage yield.
- ATM Fees refunded up to $50 per cycle
- Debit Card
- Digital Banking and Bill Pay
- Mobile Banking
- eStatements - (paper statement subject to $5 fee)
- No monthly service charge when all qualifying events are met.
Account Requirements
To receive the bonus rate and ATM refunds, all requirements must be met***
- $10 minimum to open
- Receive e-Statements
- Have at least 1 Direct Deposit or ACH Debit Transaction post and clear per qualification cycle AND
- Have at least 12 Debit Card Transactions (non-ATM Transactions) post and clear per qualification cycle. Apple Pay, Google Pay, and Samsung Pay may qualify as transactions.**
*APY=Annual Percentage Yield. Rate is variable and subject to change without notice. Fees may reduce earnings. The rate is accurate as of 12/28/2022.
**Apple Pay, Google Pay, and Samsung Pay may qualify as transactions depending on how you set up your digital wallet. If you use your debit card in the digital wallet, these transactions will count towards the requirement. If, however, you set up your digital wallet using routing and account numbers, those are processed as automatic clearing house (ACH) transactions and will not count towards the requirement. You can adjust settings inside your digital wallet. Contact us for assistance.
***If qualifications are not met, a base rate annual percentage yield will be paid on balances $0.01 and above. Please see our current rate sheet for current interest rates.