Truth-in-Savings Disclosures
Disclosure of Interest, Fees and Transaction Limitations
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| Checking Accounts | Money Market Accounts Other Accounts |
SuperMax Account
Initial Deposit Requirements: You must deposit $250.00 to open this account.
Minimum Balance Requirements: You must maintain $100 in the account each day to obtain the disclosed annual percentage yields.
You must maintain a combined balance of $20,000.00 with all linked deposit or loan accounts each day of the statement cycle to avoid the monthly service charge.
Monthly Service and Activity Charges:- Free Online Home Banking
- Free Online Bill Payment
- Free Point-of-Sale transactions
- Free Telephone Banking
- Free ATM or Debit Card
- Free Brookline Bank ATM transactions
- Unlimited free non Brookline Bank ATM withdrawals (the host bank may charge fees)
- Surcharge free withdrawals at SUM Program ATMs
- International ATM withdrawal: free.
- Unlimited Check Writing
- Free standard checks and reorders
- Reserve Credit fee waived
- Savings Overdraft Protection fee waived
- Account maintenance fee of $18.50 per statement cycle if the combined balance falls below $20,000.00 on any day of the statement cycle.
- Preferred consumer loan rate with auto-pay
- Preferred rate on home equity
- Discount on mortgage closing costs of $100.00
- Free Treasurer checks
- Free standard American Express Travelers' Checks
- Preferred CD rate
- Preferred savings rates on Companion Savings or Maximizer Money Market
- Free combined statement
Rate Information: Your interest rate and annual percentage yield may change. Please refer to the current rate sheet.
Frequency of rate changes: We may change the interest rate on your account at any time.
Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month on the statement cycle date. If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account every day.
Accrual of interest on non-cash deposits: Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction Limitations: There are daily limits on the dollar amount of withdrawals you can make using your ATM or Debit card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
Maximizer Account
Initial Deposit Requirements: You must deposit $100.00 to open this account.
Minimum Balance Requirements: You must maintain a combined balance of $5,000.00 with all deposit or loan accounts every day of the statement cycle to avoid the monthly service charge.
Monthly Service and Activity Charges:
- Free Online Home Banking
- Free Online Bill Payment
- Free Point-of-Sale transactions
- Free Telephone Banking
- Free ATM or Debit Card
- Free Brookline Bank ATM transactions
- Non Brookline Bank ATM withdrawals: Five free per statement cycle, additional withdrawals $1.25 each (the host bank may charge fees)
- Surcharge-free withdrawals at SUM Program ATMs
- International ATM withdrawal: $5.00 each.
- Free standard checks and reorders
- Savings overdraft protection fee waived with transfers from Companion Savings or Maximizer Money Market accounts
- Account maintenance fee of $14.50 per statement cycle if the combined balance falls below $5,000.00 on any day of the statement cycle. This fee will be waived if you have direct deposit.
- Preferred mortgage rates with Autopay
- Preferred savings rates on Companion Savings or Maximizer Money Market Account.
- Free combined statement
Rate Information: No interest will be paid on this account.
Transaction Limitations: There are daily limits on the dollar amount of withdrawals you can make using your ATM or Debit card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
Maximizer Money Market Account
This account is only available to Maximizer Checking Customers.
Initial Deposit Requirement: You must deposit $2,500.00 to open this account.
Minimum Balance Requirements: You must maintain $100 in the account each day to obtain the disclosed annual percentage yields.
Monthly Service and Activity Charges:- Free Online Home Banking
- Free Telephone Banking
- Free ATM Card
- No monthly service charge
- Excessive third party transactions: $12.50 fee per each transaction over the six transaction limit. Refer to the Transaction Limitations section below for details.
- Surcharge-free withdrawals at SUM Program ATMs
Rate Information: Your interest rate and annual percentage yield may change. Please refer to the current rate sheet.
Frequency of rate changes: We may change the interest rate on your account at any time.
Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account each month on the statement cycle date. If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account every day.
Accrual of interest on non-cash deposits: Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction Limitations:- Transfers from a Money Market account to another account or to third parties by check or by pre-authorized, automatic, telephone or computer transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties. If you routinely fail to adhere to these transaction limitations your account may be closed and the funds transferred to a non-interest bearing account type.
- There are daily limits on the dollar amount of withdrawals you can make using your ATM card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
- We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
Free Checking Account
Initial Deposit Requirement: You must deposit $25.00 to open this account.
Minimum Balance Requirements: There is no minimum balance requirement for this account.
Monthly Service and Activity Charges:- No monthly service charge
- Unlimited check writing
- No minimum daily balance required
- Unlimited Brookline Bank ATM withdrawals
- Free Online Banking
- Free Online Bill Pay
- First 50 checks are free
Rate Information: No interest will be paid on this account.
Transaction Limitations: There are daily limits on the dollar amount of withdrawals you can make using your ATM or Debit Card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
Companion Savings Account
This account is available to any checking account customers.
Initial Deposit Requirement: You must deposit $10.00 to open this account.
Minimum Balance Requirements: You must maintain $100 in the account each day to obtain the disclosed annual percentage yields.
Monthly Service and Activity Charges:- Free Online Home Banking
- Free Telephone Banking
- Free ATM Card
- No monthly account maintenance fee with a checking account.
- Excessive third party transactions: $12.50 fee per each transaction over the limit. Refer to the transaction limitations section below for details.
- Free Brookline Bank ATM transactions.
- Non Brookline Bank ATM withdrawals: $1.25 each (first five free).
- International ATM withdrawals: $5.00 each.
Rate Information: Your interest rate and annual percentage yield may change. Please refer to the current rate sheet.
Frequency of rate changes: We may change the interest rate on your account at any time.
Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month on the statement cycle date. If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account every day.
Accrual of interest on non-cash deposits: Interest begins to accrue on the first business day you deposit non-cash items (for example, checks).
Transaction Limitations:- Transfers from a savings account to another account or to third parties by pre-authorized, automatic, telephone or computer transfers are limited to six per statement cycle with no transfer by check, draft, Debit card or similar order to third parties. If you routinely fail to adhere to these transaction limitations your account may be closed and the funds transferred to a non-interest bearing account type.
- There are daily limits on the dollar amount of withdrawals you can make using your ATM card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
- We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
Statement Savings Account
Initial Deposit Requirement: You must deposit $10.00 to open this account.
Minimum Balance Requirements: You must maintain $100 in the account each day to obtain the disclosed annual percentage yields.
You must maintain a minimum balance of $250.00 each day of the statement cycle to avoid the maintenance fee.
Monthly Service and Activity Charges:- Free Online Home Banking
- Free Telephone Banking
- Free ATM Card
- Account maintenance fee of $2.50 per statement cycle if the minimum balance falls below $250.00 on any day of the statement cycle.
- Excessive third party transactions: $12.50 fee per each transaction over the six-transaction limit. Refer to the Transaction Limitations section below for details.
- Free Brookline Bank ATM transactions.
- Non Brookline Bank ATM withdrawals: $1.25 each.
- International ATM withdrawals: $5.00 each.
- Rate Information: Your interest rate and annual percentage yield may change. Please refer to the current rate sheet.
Frequency of rate changes: We may change the interest rate on your account at any time.
Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every month on the statement cycle date. If you close your account before interest is credited, you will not receive the accrued interest.
Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account every day.
Accrual of interest on non-cash deposits: Interest begins to accrue on the first business day you deposit non-cash items (for example, checks).
Transaction Limitations:- Transfers from a savings account to another account or to third parties by pre-authorized, automatic, telephone or computer transfers are limited to six per statement cycle with no transfer by check, draft, Debit card or similar order to third parties. If you routinely fail to adhere to these transaction limitations your account may be closed and the funds transferred to a non-interest bearing account type.
- There are daily limits on the dollar amount of withdrawals you can make using your ATM card. Please refer to the Electronic Fund Transfers disclosure for these limitations.
- We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
Certificates of Deposit
Rate Information: You will be paid the disclosed rate until the first maturity date of the certificate. The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Compounding frequency: Interest will not be compounded if the term of your certificate is less than one year. Interest will be compounded monthly if the term of your certificate is one year or more.
Crediting frequency: Interest will be credited to your account at month end and at maturity. If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements: You must deposit $2,500.00 to open a certificate with a term of less than one year. You must deposit $1,000.00 to open a certificate with a term of one year or more. You must maintain the same minimum balance in your account every day to obtain the annual percentage yield (APY).
Interest Payment Information: You may choose to allow interest to accumulate in the certificate account, have it transferred to another deposit account, or, if the account balance is greater than $10,000, have an interest check mailed to you monthly. However, if your interest payment is less than $25, the interest earned will remain in your account and no interest check will be issued.
Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits: Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
Transaction limitations: After the account is opened or renewed, you may not make deposits into or withdrawals of principal from your account until the maturity date. You can, however, withdraw interest credited at any time during the current term.
Early withdrawal penalty: If you withdraw any principal before the maturity date, a penalty will be charged to your account as follows:
- 90 days interest if the term of the account is 12 months or less.
- 180 days interest if the term of the account is greater than 12 months.
The penalty will be calculated using the interest rate in effect on the date your account was opened or renewed. You must pay the full penalty regardless of the length of time the principal amount withdrawn has been on deposit. This may result in a reduction of principal. We will waive the penalty under certain circumstances, such as the death or incompetence of an account holder.
Renewal policy: This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 days before maturity. If we prevent renewal, your deposit will be placed in a savings account.
Each renewal term will be for the shortest term for your type of certificate, beginning on the maturity date. The interest rate will be the same as we offer on new time deposits as of the maturity date which have the same minimum term, minimum balance (if any) and other features as the original time deposit. These rates have not yet been determined. Call (877) 668-2265 or visit our rates page at the time of maturity to learn the annual percentage yield and interest rate.
You will have ten calendar days (grace period) after maturity to withdraw the funds without a penalty. Interest accrued during the 10 day "grace period" will not be paid to you if the certificate is redeemed.
Common Service Fees and Charges
The following fees may be assessed against your account. Fees shown are for each transaction of the type shown unless otherwise indicated. Fees may change from time to time.
Effective May 08, 2008
| Service | Related Fee |
| Abandoned Property (per account) | $50.00 |
| ATM/Debit Cards | |
| Point of Sale Purchases | Free |
| Brookline Bank ATM Transactions | Free |
| Non-Brookline Bank ATM Transactions1,2 | $1.25 |
| International ATM Transactions1 | $5.00 |
| Replace ATM/Debit Card | $10.00 |
| Expedited Replacement | $50.00 |
| MasterCard(register mark) international assessment fee | 2% of US dollar amount |
| Cashier's or Treasurer's Check1,3 | $7.00 |
| Check Orders4 | Price varies |
| Collection (foreign and domestic) | $30.00 |
| Coupon - Collection Fee per envelope | $50.00 |
| Early Closing, Accounts Closed in Less Than 90 Days | $25.00 |
| Excessive Transactions (Savings and Money Market Accounts) | $12.50 per item |
| Gift Check | $2.50 |
| Insufficient/Unavailable Funds Charge (all types)5 | $25.00 |
| Legal Process Fee (e.g. attachment, levy or garnishment), per occurrence | $65.00 |
| Medallion Signature Guarantee (available only to customers) | $10.00 |
| Overdraft Protection from Savings/Money Market, per transfer6 | $5.00 |
| Passbook Replacement | $15.00 |
| Personal Money Order 1,3 (available only to customers) | $3.00 |
| Reference Letter or Immigration Letter | $15.00 |
| Retirement Accounts | |
| IRA and Coverdell | |
| Annual Maintenance Fee | Free |
| Transfer Processing Fee (per occurrence, per plan) | $25.00 |
| Qualified Plans | |
| Annual Fee (per participant) | $20.00 |
| Partial Trustee Transfer Fee | $35.00 |
| Complete Trustee Transfer Fee | $65.00 |
| Research | |
| Research Fee (per hour) | $25.00 |
| Copy Fee, per item or per page | $5.00 |
| Duplicate or Interim Statement | $5.00 |
| Reserve Credit Annual Fee7 | $20.00 |
| Return Deposited Item | $5.00 |
| Safe Deposit Box | |
| Safe Deposit Box Annual Fee | varies by size |
| Drilling | $175.00 |
| Key Replacement | $15.00 |
| Late Fee | $15.00 |
| Stop Payment (all items - including bill pay)3 | $25.00 |
| Traveler's Checks1 | 2.00% |
| Traveler's Checks for Two | 3.00% |
| Wire Transfers | |
| Incoming | $10.00 |
| Domestic Outgoing | $20.00 |
| Foreign Outgoing | $40.00 |
| Wire Trace | $30.00 |
- This fee is waived for SuperMax and Maximizer Money Market customers.
- Maximizer Checking and Companion Savings customers receive five free non-Brookline Bank ATM withdrawals per statement cycle.
- This fee will be waived for customers under age 18 or 65 and over, if customer notifies Brookline Bank of his/her eligibility.
- Standard checks are free for SuperMax and Maximizer Checking customers.
- This fee will be reduced to $5.00 for customers under age 18 or 65 and over, if customer notifies Brookline Bank of his/her eligibility.
- This fee is waived for SuperMax and Maximizer Checking customers with transfer from a Maximizer Money Market or Companion Savings account.
- This fee is waived for SuperMax Checking customers.
