Bonus Checking - Mascoma Bank

Bonus Checking

Earn a Special 4.00% APY* Bonus Rate

When you open a Bonus Checking account at Mascoma Bank, you will earn a 4.00% APY* bonus rate. You get an extremely competitive interest rate and ATM fee refunds nationwide.

With Bonus Checking, when you meet qualifications, you will:
• Earn a 4.00% APY* bonus rate on balances up to $10,000
• Get refunds for non-Mascoma ATM fees up to $50

There are three easy requirements each qualification cycle to receive the bonus rate and ATM refunds: Receive eStatements; make at least one direct deposit or automatic debit (ACH); and make at least 12 debit card purchases. The minimum balance to open the account is $10.00.

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Account Features

  • Bonus rate of 4.00% annual percentage yield for balances up to $10,000 and balances greater than $10,000 will earn .15% annual percentage yield.
  • ATM Fees refunded up to $50 per cycle
  • Debit Card
  • Digital Banking and Bill Pay
  • Mobile Banking
  • eStatements - (paper statement subject to $5 fee)
  • No monthly service charge when all qualifying events are met.

Account Requirements
To receive the bonus rate and ATM refunds all three(3) requirements must be met

  • $10 minimum to open
  • Receive e-Statements
  • Have at least 1 Direct Deposit or ACH Debit Transaction post and clear per qualification cycle AND
  • Have at least 12 Debit Card Transactions (non-ATM Transactions) post and clear per qualification cycle

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*APY=Annual Percentage Yield. Rate is variable and subject to change without notice. Fees may reduce earnings. The rate is accurate as of 12/28/2022.