Traditional Savings Account
This account is the cornerstone of your Liberty Bay membership, every membership starts with a dividend-earning Traditional Savings Account. Your choices grow from there.
Please note: On Thursday, December 12th, we’ll be closing our Scituate and Hingham branches at 4:00 p.m. due to an All-Employee Event.
During this time, online and mobile banking are available to assist with many of your banking needs.
This account is the cornerstone of your Liberty Bay membership, every membership starts with a dividend-earning Traditional Savings Account. Your choices grow from there.
Club Savings Accounts are single-purpose savings accounts designed to help you save for specific expenses such as holiday shopping, vacations or the unexpected.
Holiday Club
Start savings for the Holidays! The account works best when regular contributions are made throughout the year via payroll deduction. Then, on a scheduled date, the funds will transfer in one lump sum into your Liberty Bay savings account.
Vacation Club
Dreaming of a vacation? Make next summer brighter with a 12-month Vacation Club Account. Open your account at any time, make deposits as often as you’d like, and in just one year, you can withdraw your balance and interest earned.
Rainy Day Club
If you have your eyes on a different prize then look no further than Liberty Bay’s Rainy Day Club account. With available terms ranging from 3 months to 60 months, you can choose when you want the club account to mature. The rate of your club account will be equal to the interest rate on the corresponding certificate of deposit. For example, if you select a maturity date of three months, you will receive the same rate our three-month CD is earning.
Watch your money grow with a Liberty Bay Money Market account. You earn a higher interest rate on your savings, while enjoying flexibility and convenient access to your money.
Traditional Money Market Account
With a Traditional Money Market Account from Liberty Bay, you earn money market rates every day that your balance is $2,500 or more.
Premier Money Market Account
Once you’ve opened a Premier Checking Account you are eligible to take advantage of our new Premier Money Market Account, and earn dividends through our tiered-rate structure.*
Have an established Premier Checking Account? Call our Member Services Department at (617) 439-6500 to learn how you can open a Premier Money Market Account.
No monthly maintenance fees
Unlimited deposits
Traditional Savings Account | Club Savings Account | Money Market Account | |
---|---|---|---|
Best if you're looking to | Take advantage of the basic savings account that comes with your membership. | Take advantage of the basic savings account that comes with your membership. | Earn higher dividends with easy access to your funds. |
Minimum to Open | $5 | $1 | $2,500 |
Dividends | Paid monthly | Based on account term; paid at maturity | Based on account balance; paid monthly |
Automatic Transfers | Yes | Yes | Yes; Limited to 6 per month |
100% Insured | Yes | Yes | Yes |
With our Money Manager tool, you can assess spending by category, graphed out over time, to take a deeper dive into your habits and discover opportunities for saving money.
Are you saving for a big purchase? Use this calculator to compute the monthly deposit amount needed to reach your savings goal.
If you have savings that you know you won’t need for a little while, or you want to supercharge your retirement savings, a CD or IRA may be just what you need.