Country Bank for Savings is headquartered in Ware and is the 25th largest bank in the state of Massachusetts. It is also the 500th largest bank in the nation. It was established in 1850 and as of June of 2019, it had grown to 226 employees at 15 locations. Country Bank for Savings' money market rates are 5X the national average, and it has an A health rating.
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Country Bank Cares
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23992 |
| Year Established | 1850 |
| Employees | 226 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 4.88% |
| Annual Interest Income | $33.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.70B$1.60B |
| Loans | Q2 2019vs Q2 2018 | $1.27B$1.21B |
| Deposits | Q2 2019vs Q2 2018 | $1.17B$1.07B |
| Equity Capital | Q2 2019vs Q2 2018 | $241.1MM$221.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $11.9MM$11.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $16.3MM$8.8MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $538.00K$256.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $100k | Kasasa Saver | ||
| OTHER TIERS: 0.30% → $100k+ | |||||
| 0.15% | $10 | - | Statement Savings Account | ||
Country Bank for Savings Money Market Rates
Country Bank for Savings Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $20k | Kasasa Cash Checking | ||
| OTHER TIERS: 0.25% → $20k+ | |||||
