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Sunday, May 11, 2008


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Savings


Putting aside money for the future, or for a rainy day, is one of the great lessons the past century has taught Americans. Let us help you save your money with our savings products such as CDs, Money Market Accounts or Statement Savings Accounts. Click on the links below to view the specifics of that product.

Certificates of Deposit

Certificates of Deposit represent an excellent savings program when you want investment safety and a higher rate of interest on your savings funds.

You are paid a guaranteed rate of interest when you agree to leave a specific dollar amount on deposit for a specific period of time, called the term.

Account Highlights:

  • Select from a range of CD terms from 3 months to 72 months
  • All deposits are fully insured
  • Interest is credited monthly and may be withdrawn at any time
Click here to View Current Rates and Terms 

 

 

Money Market and Advantage Money Market Account

This account offers safety and liquidity with a higher rate of interest than a savings account - with the convenience of limited check-writing capabilities.

The variable rate of interest increases with higher deposit balances. Advantage Banking customers receive an even higher rate of interest on an Advantage Money Market account.

Account Highlights:

  • Limited check-writing privileges
  • Tiered variable rate of interest provides a higher rate for higher balances
  • Free nVantage online banking
  • Free ATM card
  • Monthly statements can be combined with checking account statements
 

Statement Savings Account

We offer this type of savings account for savers who prefer an automated account to avoid teller lines, prefer a monthly statement, would like to use an ATM in association with the account and do not want to carry a passbook.

A variable rate of interest is paid on deposits; interest accrues daily and is compounded daily.

View Rates

Account Highlights:

  • Free online Banking
  • Monthly statement of account transactions by mail
  • Link your savings statement to your checking statement
  • Free ATM card to withdraw funds
  • Bank by phone with TeleVantage telephone banking
 
APPLY NOW

To get started:

  • Call us at 781-762-1800
  • Contact us by email
  • Stop by our Norwood Bank branch location

All deposit accounts at Norwood Cooperative Bank (known as "Norwood Bank") are insured in full through a combination of insurance provided by the FDIC and SIF.

INVESTMENTS DISCLAIMER: Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

Information updated August 2007. Other account options may be available.