Mt. Washington Bank - A Division of East Boston Savings Bank
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Business - Savings

At Mt. Washington Bank, we believe in making your business money work as hard as you do.

That's why we offer the following products to meet your savings goals.

Business Statement Savings
Variable interest rate
Monthly statement
Only $50 to open account
Only $1.00 monthly maintenance fee if minimum daily balance falls below $350

A Business Statement Savings accounts is a limited transaction account. This account islimited to six (6) pre-authorized, automatic, telephone, or online banking transfers to another account or to third parties per statement cycle. A fee will apply for each transfer in excess of the six (6) during a statement cycle.

Business Money Market
A low minimum balance requirement of $2,500 to open account
Higher interest paid on tiered balances
Only $8.00 monthly maintenance fee if minimum daily balance falls below $2,500.

A Business Money Market account is a limited transaction account. This account is limited to six (6) pre-authorized, automatic, telephone, or online banking transfers to another account or to third parties or checks made to a third party per statement cycle. A fee will apply for each transfer in excess of the six (6) during a statement cycle.

SEP
SEPs are another type of retirement plan for businesses or self-employed individuals. This plan gives employers a method of providing retirement benefits without the complexities of a qualified plan.


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