Country Bank for Savings

Overview / Commentary
75 Main Street
Ware, MA 01082

Country Bank for Savings is headquartered in Ware and is the 25th largest bank in the state of Massachusetts. It is also the 514th largest bank in the nation. It was established in 1850 and as of December of 2019, it had grown to 225 employees at 15 locations. Country Bank for Savings' money market rates are 70% higher than the national average, and it has an A health rating.

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Reviews (1)

Country Bank Cares

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My husband and I both do the majority of our banking with Country Bank, and we intend to do our mortgage with them when we buy a home. My husband has been with them for a long time, but I am a more recent customer. I used to be with a national bank chain that started charging fees left and right, and this bank already would not allow me to bank inside with the tellers without paying a fee. Country Bank still has free checking and savings accounts that do not require a minimum daily balance. They also have pretty good customer service. The tellers are friendly, and the customer service over the phone has been good. Although the bank is local and not always where I need it, they do charge no ATM fees for using SUM network ATMS. My only complaint is the layout of their website, but I would not expect such a local bank to have the same technology as the national chains.


Health Grade Components

FDIC Certificate #23992
Year Established1850
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD5.74%
Annual Interest Income$69.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.69B$1.63B
LoansQ4 2019vs Q4 2018$1.30B$1.24B
DepositsQ4 2019vs Q4 2018$1.19B$1.08B
Equity CapitalQ4 2019vs Q4 2018$247.6MM$228.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$12.1MM$11.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$17.6MM$9.3MM
Real Estate OwnedQ4 2019vs Q4 2018$1,000$267.00K
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Always verify rates and promotions with the bank or credit union. We are not Country Bank for Savings; 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.

Country Bank for Savings Savings Account Rates

0.75%*-$100kKasasa Saver
OTHER TIERS: 0.25% $100k+
0.10%$10-Regular Savings

Country Bank for Savings Money Market Rates

0.75%*$150k*-Earn Up Money Market - New Money
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $50k | 0.50% $50k - $150k
0.50%*$150k*-High Yield Money Market
OTHER TIERS: 0.10% $10 - $25k | 0.25% $25k - $50k | 0.35% $50k - $150k
0.30%*$100k*-Money Market Checking
OTHER TIERS: 0.10% $10 - $1k | 0.15% $1k - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k

Country Bank for Savings Checking Account Rates

1.50%*-$20kKasasa Cash Checking
OTHER TIERS: 0.25% $20k+

Country Bank for Savings CD Rates

0.85%$10k$5m18 Month CD Special - New Money Only
0.75%$500-5 Year CD
0.75%$10k$5m18 Month CD Special - Current Customers
0.70%$500-4 Year CD
0.65%$10k$5m9 Month CD Special - New Money Only
0.55%$10k$5m9 Month CD Special - Current Customers
0.50%$500-3 Year CD
0.45%$500-2 Year CD
0.40%$500-15 Month CD
0.35%$500-1 Year CD
0.30%$500-9 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD
0.15%$500-30 Day CD

Country Bank for Savings IRA Rates

0.85%$10k$5m18 Month IRA Special - New Money Only
0.75%$500- 5 Year IRA
0.75%$10k$5m18 Month IRA Special - Current Customers
0.70%$500-4 Year IRA
0.65%$10k$5m9 Month IRA Special - New Money
0.55%$10k$5m9 Month IRA Special - Current Customers
0.50%$500-3 Year IRA
0.45%$500-2 Year IRA
0.40%$500-15 Month IRA
0.35%$500-1 Year IRA
0.30%$500-9 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
0.15%$500-30 Day IRA


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