Meetinghouse Bank Rates & Review

Meetinghouse Bank Review

Since 1914, Meetinghouse Bank has been providing financial services for individuals and small businesses in the Dorchester neighborhood of Boston, Massachusetts.

Meetinghouse Bank is a mutual bank headquartered in Dorchester, Massachusetts. The bank arranges seminars for local residents about home buying and saving money and participates in a broad range of community service projects. The Better Business Bureau gives Meetinghouse Bank an A rating, and Bauer Financial gives this bank a four-star (excellent) rating.

Financial services

Meetinghouse Bank offers home loans and auto loans to customers. The bank's website includes online calculators so that consumers can estimate payments and pay-off dates to help them make financial decisions. A wide range of business accounts and services are available.

Online banking at Meetinghouse Bank includes the ability to set email alerts, check balances, transfer funds and review account histories. The online banking system is compatible with Quicken or Quickbooks. Customers can also sign up for online bill paying, a service the bank is preparing to introduce as of Sept. 2010.

Financial products

Meetinghouse Bank offers a wide range of accounts including a bank savings account and a free checking account.

For savings, customers can sign up for a traditional statement savings account, a money market account, an IRA or a certificate of deposit (CD).

Deposit insurance

Meetinghouse Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

The bank's website states that accounts are insured by SIF (Share Insurance Fund), an insurance fund for cooperative banks in Massachusetts. The SIF program insures all deposits above $250,000.

Compare savings account rates from Meetinghouse Bank and more than 400 other banks at SavingsAccounts.com.