Banking products are provided by Beacon Bank: Member FDIC. Equal Housing Lender. Beacon Bank is a Massachusetts chartered bank. Rates are subject to change at any time.
‡Beacon One Money Market: This account will receive a variable premium interest rate and Annual Percentage Yield (APY). The variable premium interest rate and APY subject to change without notice. Fees may reduce earnings. A $1,000 minimum deposit AND a Beacon Bank checking account with an ownership relationship required. The minimum balance requirement to earn the APY is $10 after initial deposit. No maintenance service charge fees will be charged on Beacon One Money Market accounts regardless of the balance maintained. The balance of the Beacon One Money Market account cannot exceed $5,000,000. If your daily balance is equal to or more than $10.00, but less than or equal to $24,999.99, the interest rate paid on the entire balance in your account will be 3.40% with an Annual Percentage Yield of 3.45%. If your daily balance is $25,000.00 or more, the interest rate paid on the entire balance in your account will be 3.54% with an Annual Percentage Yield of 3.60%.
†Beacon One Checking: The minimum balance to open a Beacon One Checking Account is $10. Minimum balance to earn variable interest rate and Annual Percentage Yield (APY) is $0.01. In order to receive the stated variable 0.10% Annual Percentage Yield (APY), this account must be enrolled in Paperless Statements and Notices. This is a variable rate account, and the interest rate and APY are subject to change without notice. Product not available for business accounts. Courtesy Pay℠, our discretionary service, is not available for this account. Generally, we will not authorize or pay transactions when you do not have enough money in your account. Fees may be charged by the merchant if your transactions are returned unpaid. For transactions that are pre-authorized by us, we must pay those transactions when they are presented for payment even if your account balance at the time of settlement is not sufficient to cover them. When this happens, you are not charged overdraft fees or continuous overdraft fees. Identity theft protection services are available for this account. Information about Identity Theft services will be sent in a separate email. Fees may reduce earnings on the account.
+The $300 reward is not valid for Beacon Bank clients with an existing Beacon Bank checking account and is limited to new Beacon One checking clients that set up Direct Deposit through the Beacon Bank online banking platform.
New Beacon One Checking Clients who set up recurring direct deposits totaling $1,000 or more per month for 3 consecutive months into their Beacon One Checking account will receive $300. To qualify for the $300, the Beacon One Checking Client must successfully complete their Direct Deposit switch through Beacon Bank’s online banking platform or Mobile app Direct Deposit tool by June 30, 2026. Direct deposits set up in branch or directly with the payroll provider outside of the Beacon Bank online banking platform or mobile app will not qualify for this offer.
Eligibility and Exclusions-The Direct Deposit credit is only valid by using Beacon’s online banking platform to set up your direct deposit. Must be at least 18 years of age to use Direct Deposit and to be eligible for credit. Client can only receive one $300 credit for this promotion. Direct Deposit setup must be submitted through pinwheel by June 30, 2026 to be eligible for this promotion. Direct deposits must total $1,000 or more into a single Beacon One Checking account per month for 3 consecutive months to qualify. All account specific qualifications must be met to qualify for credit. The program may be discontinued or changed at any time without notice.
Credit Information-The client’s Beacon One Checking account must remain open, active, and in good standing. The Beacon One Checking account must receive a combined direct deposit of $1,000 or more per month for three (3) consecutive months. The first direct deposit must be received within 45 days of Direct Deposit submission (or form download). The calendar month following the third qualifying direct deposit, Beacon Bank will credit $300 into the customer’s Beacon One Checking account set up using Direct Deposit. The client will see the credit reflected in their statement with the description “Direct Deposit 1H2025 Credit.” Direct Deposit credits may be reportable to the IRS on Form 1099-MISC.
This Direct Deposit promotion is scheduled to end on June 30, 2026. Any direct deposit that is set up after June 30, 2026, will not be eligible for the Direct Deposit credit under the above terms.
In addition, Beacon Bank may refuse payment to a customer under the program if it has a good faith belief that the individual has provided false, misleading, or deceptive information while participating in the Direct Deposit program or establishing corresponding accounts.
Direct Deposit is offered through Pinwheel. Beacon Bank has a relationship with Pinwheel to offer services to its clients.
**Beacon One Savings: This account will receive a variable premium interest rate and Annual Percentage Yield (APY). The variable premium interest rate and APY are subject to change without notice. Current APY: 3.60% APY. Fees may reduce earnings. Minimum balance to open the Beacon One Savings account is $250. The minimum balance to obtain the disclosed APY is $10. In order to qualify for this account, you need to have a Beacon Bank checking account with an OWNERSHIP relationship.
***Beacon One 6 Month CD: The minimum balance to open an account and attain the stated Annual Percentage Yield (APY) is $1,000. APY is subject to change at any time. Current APY: 3.30% APY. A penalty may be imposed for early withdrawal. Fees may reduce earnings. The balance of the Beacon One CD account cannot exceed $1,000,000. In order to qualify for the Beacon One 6 Month CD, you must be an OWNER on a Beacon Bank checking account. Transaction limitations are as follows: You may not make any additional deposits into your Beacon One CD account before maturity.
Beacon One 24 Month CD: The minimum balance to open an account and attain the stated Annual Percentage Yield (APY) is $1,000. APY is subject to change at any time. Current APY: 3.30% APY. A penalty may be imposed for early withdrawal. Fees may reduce earnings. The balance of the Beacon One CD account cannot exceed $1,000,000. In order to qualify for the Beacon One 24 Month CD, you must be an OWNER on a Beacon Bank checking account. Transaction limitations are as follows: You may not make any additional deposits into your Beacon One CD account before maturity.
Interest rates are variable and subject to change at any time. The Beacon One Checking, Savings, Money Market, and CD rates are current as of 2/6/2026.
1Consult your mobile carrier for any fees they may charge for Internet usage or receiving texts.
2Based on our Beacon Bank Mobile Android App rating.
3Refer a Friend: Existing Beacon Bank customers making a referral ("Referrer") will receive $100 for each eligible individual referred to Beacon Bank (“Referred Person”) who is a new customer without an existing Beacon Bank relationship, who utilizes the personalized link provided by the Referrer to open a Beacon One checking account or Beacon One University checking account, successfully submits the application using the referral code by June 30, 2026, and completes the other requirement specified in the Refer a Friend disclosure. Other Beacon Bank checking products do not qualify. The initial Referrer may receive up to a maximum of $400 within a calendar year for participating in the Refer a Friend program. “Calendar Year” is a one-year period that begins on January 1st and ends on December 31st. For more details on eligibility and how to make a referral, read our Refer a Friend Disclosure.
Please see the fee schedule for applicable fees and the Consumer Online Account Truth In Savings for additional information. Our account fee policy is subject to change at any time.
