BONUS
CHECKING
Choose a checking account that rewards the way you live. Start earning on everyday spend with Bonus Checking.
Earn 4.00% APY*
bonus rate when you open a Bonus Checking account
APY Valid up to $10,000
ATM refunds**
Open with $10
How it works
Simply meet these requirements each statement cycle to earn 4.00% APY and ATM refunds**:
Enroll in eStatements
Have at least 1 direct deposit or ACH debit transaction post and clear
Make at least 12 non-ATM purchases with your debit card each statement cycle***
Banking that lifts you up
EARN MORE
Earn a bonus rate of 4.00% APY for balances up to $10,000.
BETTER BENEFITS
Enjoy ATM fees refunded up to $50 per statement cycle, a complimentary debit card, and no monthly service charge when all qualifying events are met.
DIGITAL ASSISTANCE
Keep track of your transactions easily with Digital Banking and eStatements.
BONUS CHECKING FAQs
What is APY?
APY stands for Annual Percentage Yield. This percentage rate tells you how much money you’ll earn from a savings account with compounding interest. You earn interest on the money you deposit and on the interest you previously earned in the savings account. This phenomenon, known as compounding, lets you build up your savings more quickly.
What is an ACH automatic debit payment?
An ACH automatic debit is a type of Automated Clearing House (ACH) electronic payment where a payee (the receiver of the payment) is authorized by the payer (the account holder) to withdraw funds from their bank account on a regular, scheduled basis.
What interest rate applies on balances up to $10,000?
On balances of up to $10,000, the competitive higher rate will apply. Balances greater than $10,000 will earn 0.15% APY.
*APY=Annual Percentage Yield. Rate is variable and subject to change without notice. Fees may reduce earnings. The rate is accurate as of 11/3/2025.
**Up to $50.00 non Mascoma ATM fees refunded
***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.