Overview / Commentary
617-484-6700
2 Leonard Street
Belmont, MA 02478

Belmont Savings Bank is headquartered in Belmont and is the 15th largest bank in the state of Massachusetts. It is also the 319th largest bank in the nation. It was established in 1885 and as of December of 2018, it had grown to 134 employees at 7 locations. Belmont Savings Bank's money market rates are 5X the national average, and it has an A health rating.

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Belmont Savings Bank Adds 7-Month Holiday CD - 12/11/2018

Belmont Saving Bank has added a 7-month Holiday CD Special (2.75% APY) that is available online in MA, NH, and RI. Min deposit is $500 of new money and is capped at $1m.

7-Month Holiday CD, 2.75% APY - 12/8/2018

Six branches in Middlesex County, Massachusetts and the online application states: "We are pleased to open new accounts for all Massachusetts residents as well as New Hampshire and Rhode Island residents in select zip codes." Annual percentage yield (APY) effective as of 12/6/2018 for the 7-Month Holiday CD. This CD has a 7-month term. Maximum balance $1,000,000.00. You must maintain a minimum balance of $500 in the CD account to open and obtain the disclosed APY. All interest earned must remain in the CD for the entire term; withdrawal of the interest during the term will result in earnings below the published APY. A penalty may be imposed for early withdrawal. New-to-Bank money only or this CD can be opened with funds from a maturing Belmont Savings Bank CD at its maturity date. Available for consumer and business deposits. Limit one CD per taxpayer identification number, per CD type. Offer may be withdrawn at any time.

2.5% APY 7-Month CD Special (MA) - 8/5/2018

-No checking account required. -Limit one CD per taxpayer identification number, per CD type. -New-to-Bank money only or this CD can be opened with funds from a maturing Belmont Savings Bank CD at its maturity date. -This certificate of deposit is available for balances from $500 up to $1,000,000 and every dollar is fully insured.** **Belmont Savings Bank customers have their deposits insured in full through a combination of deposit insurance from the FDIC and the Depositors Insurance Fund (DIF). The FDIC insures all deposits up to $250,000 per depositor. All deposits above these amounts are insured by the DIF. https://www.belmontsavings.com/7-month-cd

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Health

Health Grade Components

Overall
FDIC Certificate #23901
Year Established1885
Employees134
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD12.38%
Annual Interest Income$98.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.03B$2.68B
LoansQ4 2018vs Q4 2017$2.63B$2.30B
DepositsQ4 2018vs Q4 2017$1.97B$1.76B
Equity CapitalQ4 2018vs Q4 2017$196.3MM$173.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$17.9MM$16.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.2MM$1.4MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Belmont Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Belmont Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.23%*$250k*$500kImpact Savings
OTHER TIERS: 0.50% $500k+ | 1.65% Up to $250k
1.65%-$250kSapphire e-Savings - New Money
1.00%-$200kPlatinum Blue High Yield Business Savings
1.00%-$1mSimply Savings
0.75%*$5m*$10mMunicipal Savings
OTHER TIERS: 0.45% $10m+ | 0.60% Up to $5m
0.40%*$100k*$500kPremium Business Savings
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k | 0.25% $500k - $750k

Belmont Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%*-$250kSelect Money Market Savings - Online Only
OTHER TIERS: 0.40% $250k - $1m
2.20%*-$250kSelect Money Market Savings - New Money Only
OTHER TIERS: 0.40% $250k+

Belmont Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$10k*$25kBusiness Blue with Interest Checking
OTHER TIERS: 0.81% $25k+ | 1.00% Up to $10k
0.55%--IOLTA
0.50%*-$10kImpact Checking with Interest
OTHER TIERS: 0.01% $10k+

Belmont Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%$500$250kCoolBlue 18 Month CD Special
2.50%$500$1m6 Month CD Special
2.50%$500$1mBusiness 6 Month CD Special
1.75%$25k-12 Month Municipal CD
1.60%$25k-6 Month Municipal CD
1.40%$25k-9 Month Municipal CD
1.15%$500-5 Year CD
1.00%$500-4 Year CD
0.90%$500-3 Year CD
0.75%$500-2 Year CD
0.50%$500-1 Year CD
0.30%$500-1 1/2 Year CD
0.15%$500-6 Month CD
0.10%$500-91 Day CD

Belmont Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%$500$250kCoolBlue 18 Month IRA Special
1.15%$35-5 Year IRA
1.00%$35-4 Year IRA
0.90%$35-3 Year IRA
0.75%$35-2 Year IRA
0.50%$35-1 Year IRA
0.30%$35-1 1/2 Year IRA
0.15%$35-6 Month IRA
0.10%$35-91 Day IRA
Locations


Belmont Savings Bank Locations
Waltham Shaws Branch1070 Lexington StreetWaltham, MA 02452
Belmont Savings Bank2 Leonard StreetBelmont, MA 02478
Trapelo Road Branch277 Trapelo RoadBelmont, MA 02478
Watertown Square Branch53 Mount Auburn StreetWatertown, MA 02472
Cambridge Star Market Branch699 Mt. Auburn StreetCambridge, MA 02138
Shaw's Newtonville Branch33 Austin StreetNewtonville, MA 02460

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