PERSONAL CHECKING ACCOUNTS
NOW Accounts
This is the ideal basic checking account for managing all your personal and household accounts. Minimum deposit to open this account is $10.00. There is no service charge if a minimum balance of $1,200.00 is maintained. If it falls below this amount, a service charge of $10.00 per month is assessed. There is no monthly service charge or minimum balance requirement for accounts that have direct deposit.

This is a variable rate account and the Bank may adjust the interest rate and annual percentage yield at anytime. NOW Accounts can be set up for direct deposit and pre-authorized transfers. NOW Accounts can take advantage of a full-range of 24-hour banking services using Nantucket Bank’s ATM or Debit cards, Online Banking and Bill Payment Services.

Basic Checking Accounts
The basic checking account is ideal for your personal use. Minimum deposit to open this account is $10.00. There is no service charge if a minimum balance of $800.00 is maintained. If it falls below this amount, a service charge of $3.00 per month is assessed. There is no monthly service charge or minimum balance requirement for accounts that have direct deposit.

No interest will be paid on the account. Basic Checking Accounts can be set up for direct deposit and pre-authorized transfers. A service charge of $25.00 is assessed on accounts opened and closed within a six month period. Basic Checking Accounts can take advantage of a full-range of 24-hour banking services using Nantucket Bank's ATM or Debit cards, Online Banking and Bill Payment.

Hi-Yield NOW Accounts
This interest bearing checking account is ideal for depositors in a strong cash position offering all the features of a regular NOW Account while earning higher interest. Minimum deposit to open this account is $10.00. There is no service charge if a minimum balance of $2,500.00 is maintained. If it falls below this amount, a service charge of $15.00 per month is assessed. There is unlimited checking writing.

This is a variable rate account and the Bank may adjust the interest rate and annual percentage yield at anytime. Hi-Yield NOW Accounts can take advantage of a full-range of 24-hour banking services using Nantucket Bank's ATM or Debit cards, Online Banking and Bill Payment Services.
Money Market Deposit Accounts
An MMDA is an excellent way to earn higher interest on relatively short term deposits. MMDAs are for personal funds that need not be accessed quite as frequently. Minimum deposit to open an account is $10.00. Interest is paid on collected balances. An unlimited number of withdrawals can be made in person, and you are allowed six pre-authorized withdrawals per month. Three of these withdrawals can be checks. Checks must be written for a minimum of $500.00. No service charge if you maintain a balance of $2,000.00, but if the account falls below this amount, a service charge of $10.00 per month is assessed.

This is a variable rate account, and the Bank reserves the right to adjust the interest rate and annual percentage yield at any time on variable rate accounts.
Products, rates and terms described on the Nantucket Bank website are believed to be accurate, but are subject to change at any time, and therefore are not guaranteed for accuracy.