Checking Accounts

We offer several different personal checking accounts. Please review the different options below and let us help you navigate the best account type for your specific needs. Please call or e-mail us anytime should you have any questions or need more information.

Free Personal Checking Account

Simple. We like to keep our products simple to use so you can easily access and manage your money. Our Free Personal Checking account provides you with the following conveniences:

• Free Online Banking
• Free Online Bill Pay
• Free ATM or y Debit Card
• Free first order of bank-supplied checks
• No monthly maintenance fee
• No minimum balance required
• Surcharge-free withdrawals at SUM and MoneyPass Network ATMs*
• Deposits fully insured by FDIC and DIF
• Non-Interest bearing account

*Non Sum & MoneyPass ATM Networks may charge a separate fee

Spinnaker Accounts

• Free ATM or Debit Card
• Unlimited check writing privileges
• Free Telephone Banking
• Free Direct Deposit
• Free Online Banking
• Free Online Bill Pay
• Member of SUM & MoneyPass Networks of ATMs (Surcharge free locations)
• $15 credit towards first order of checks
• Deposits fully insured by FDIC and DIF

Balances in excess of $10,000 are automatically transferred to a separate competitive tiered rate interest checking account called the Spinnaker Sailing. These two accounts combine to give you exceptional benefits and enhanced savings performance. The higher the balances, the greater the reward. Funds are routinely "swept" from the Spinnaker Sailing back into the Spinnaker Checking to meet withdrawal transactions.

Best of all, your deposit is fully liquid, available to you at any time without penalty withdrawal.

If more efficient, less time-consuming money management is a priority to you, then set sail with the Spinnaker today!

NOW Accounts

• Interest bearing account
• ATM or Debit Card
• Unlimited check writing
• $4 Monthly maintenance fee and activity charge of $.20 per check(Waived with Direct Deposit)
• Direct Deposit
• Free Online Banking
• Free Online Bill Pay
• Member of SUM Network of ATMs
• Deposits fully insured by FDIC and DIF

With a NOW checking Account, you will earn interest from the day of deposit to the day of withdrawal, compounded continuously, and paid monthly, provided $10.00 remains in the account during the monthly statement cycle. The minimum to open the account is $100.00. Like all deposits in Massachusetts savings banks, your NOW Account deposits are insured in full.

If you sign up for our Direct Deposit Program, or provided a $500.00 minimum balance is maintained, we will waive the maintenance fee and activity fee. If at any time throughout your monthly statement cycle your balance drops below the minimum, your account will be charged an activity fee of $.20 per check and a maintenance fee of $4.00 per month.

Basic Checking

Our Basic Checking Account provides a low-cost alternative to a NOW Account.

• 15 Free Withdrawals per month
• Monthly Maintenance fee is $3.00
• $10.00 to open the account
• Fee of $1.00 for each withdrawal over the original 15 per month

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyer Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.