Through them we provide both documentary and trade letters of credit to assist commercial customers with importing and exporting products. This offers our commercial borrowers unsurpassed international support at competitive prices. We can offer any business owner retirement plans to meet specific business needs. Through our correspondent banking network, a full range of cash management products and services such as lock box, controlled disbursement, on-line banking and investment services are available to our commercial borrowers. Through one of our licensed agents, you can purchase a life insurance policy or annuity from Savings Bank Life Insurance.
Life insurance is available in a variety of term and whole life insurance policies.
SBLI can save you money by offering low-cost products where more of your premium dollars go toward protection. The Life Saver Annuity, a deferred annuity, and The Single Premium Immediate Annuity are available from SBLI to supplement retirement income. There are no up front sales charges or annual fees when you purchase an annuity through Medford Bank. Night Deposit Overnight cash security via our night deposit is the solution if you are unable to bank during regular branch office hours. Deposit your cash at any time, at selected branch locations, with the peace of mind knowing that your funds are safe.