Discover Bonus Checking
with a 4.00% APY*
With your Bonus Checking account, you can:
Earn a 4.00% APY* bonus rate on balances up to $10,000
Earn up to $400/year in interest
Get refunds for non-Mascoma ATM fees up to $50
Your Mascoma Bank debit card makes it easy to save.
Here’s what you need:
$10
You’ll need a minimum of $10 to open your account.
eStatements
You’ll need to enroll in electronic statements.
Direct Deposit
You’ll need at least one direct deposit or ACH debit transaction post and clear per qualification cycle.
12 Transactions
You’ll need to make at least 12 debit card transactions (non-ATM) post and clear per qualification cycle.
Digital wallet transactions count! Purchases using Apple Pay, Google Pay, or Samsung Pay count as transactions if your account is set up to use your debit card (vs. direct ACH withdrawals).**
Click here for more information about digital wallet.
To receive the bonus rate and ATM refunds, all requirements above must be met***
*APY=Annual Percentage Yield. Rate is variable and subject to change without notice. Fees may reduce earnings. The rate is accurate as of 7/18/2025.
**For Apple Pay, Google Pay, and Samsung Pay 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.