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93 State Street
Newburyport, MA 01950

Institution for Savings is headquartered in Newburyport and is the 18st largest bank in the state of Massachusetts. It is also the 408th largest bank in the nation. It was established in 1820 and as of March of 2014, it had grown to 123 employees at 13 locations. Institution for Savings' money market rates are 2X the national average, and it boasts a A+ health rating.

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Top Rate on a 2-Year CD at Institution For Savings - MA Only - 5/15/2014

Last year Institution for Savings started offering 2% CDs with terms under 5 years. The bank just came out with a new 2% CD with a term of only 2 years. Minimum deposit is $500, and the early withdraw ...

Top Rate on a 30-Month CD at Institution For Savings in MA - 9/11/2013

We are seeing more banks coming out with 2% CDs, and they are not all long-term CDs. One example of this is at Institution for Savings . It just raised its 30-month CD yield to 2.00%. Minimum deposit ...

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Institution for Savings had $5.6 million in non-current loans and owned real-estate with $230.53 million in equity and loan loss allowances on hand to cover it. This gives Institution for Savings a Texas Ratio of 2.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Institution for Savings decreased slightly from 3.18% as of March 31, 2013 to 2.43% as of March 31, 2014, resulting in a positive change of 23.52%.This indicates that the balance sheet and financial strength for Institution for Savings has improved slightly in recent periods.

Deposit Growth


In the past year, Institution for Savings has increased its total deposits by $258.4 million, resulting in 22.21% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Institution for Savings has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Institution for Savings has $1.72 billion in assets with $230.53 million in equity, resulting in a capitalization level of 13.44%, which is excellent.

Institution Statistics

FDIC Certificate #90250
Year Established1820
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.72 billion
Loans$1.13 billion
Deposits$1.42 billion
Equity Capital$224.10 million
Loan Loss Allowance$6.43 million
Unbacked Noncurrent Loans$4.97 million
Real Estate Owned$628,000
Historic Data - March 2013
Assets$1.43 billion
Equity Capital$197.44 million
Loan Loss Allowance$5.74 million
Unbacked Noncurrent Loans$4.97 million
Real Estate Owned$350,000
Profit Margin - Quarterly
Net Interest Margin2.18%
Return on Assets2.54%
Return on Equity19.55%
Interest Income$13.31 million

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Institution for Savings Savings Account Rates

0.50%$25k-Gold Savings
0.50%$25k-Business Gold Savings
0.40%$50k-Preferred Savings Account
0.40%$50k-Business Preferred Savings Account
0.25%--Statement Savings
0.25%--Passbook Savings
0.25%--Business Statement Savings

Institution for Savings Money Market Rates

1.00%$250k-Platinum MMDA
1.00%$250k-Business Platinum MMDA
0.80%$100k-Gold MMDA
0.80%$100k-Business Gold MMDA
0.50%$75k-Premium Money Market
0.50%$100k-Money Market
0.50%$75k-Business Premium Money Market
0.50%$100k-Business Money Market

Institution for Savings Checking Account Rates

0.75%$500$50kBonus Checking - Qualifying
0.50%$500k-Business Sweep Account
0.25%--Personal Checking
0.25%--Simple Business NOW Checking

Institution for Savings CD Rates

2.50%$250k-48 Month Platinum Money Market CD
2.50%$250k-48 Month Business Platinum Money Market CD
2.00%--48 Month CD
2.00%--60 Month CD
1.00%--18 Month CD
1.00%--20 Month CD
1.00%--24 Month CD
1.00%--30 Month CD
1.00%--36 Month CD
1.00%--40 Month CD
0.75%--12 Month CD
0.75%--15 Month CD
0.60%--6 Month Premium Money Market CD
0.50%--3 Month CD
0.50%--6 Month CD
0.50%--7 Month CD
0.50%--9 Month CD

Institution for Savings IRA Rates

2.00%--48 Month IRA
2.00%--60 Month IRA
1.00%--18 Month IRA
1.00%--20 Month IRA
1.00%--24 Month IRA
1.00%--30 Month IRA
1.00%--36 Month IRA
1.00%--40 Month IRA
0.75%--12 Month IRA
0.75%--15 Month IRA
0.50%--3 Month IRA
0.50%--6 Month IRA
0.50%--7 Month IRA
0.50%--9 Month IRA

Institution for Savings has 11 locations. Click to view all Institution for Savings locations.