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Institution for Savings

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%3-year CD36 Month CD
2.25%5-year CD60 Month CD
0.75%Reward CheckingBonus Checking

Overview / Commentary
800-437-6703
93 State Street
Newburyport, MA 01950

Institution for Savings is headquartered in Newburyport and is the 13th largest bank in the state of Massachusetts. It is also the 331st largest bank in the nation. It was established in 1820 and as of December of 2015, it had grown to 192 employees at 15 locations. Institution for Savings' money market rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

Institution for Savings (MA) Ups Rates On 15- And 30-Month CDs - 10/1/2015

Institution for Savings (MA) has increased the rates on its 15-month CD (1.50% APY) and 30-month CD (2.00% APY). Minimum deposit is $500, with no balance cap.

Institution for Savings (MA) Has Top Rate 36- and 60-Month CDs - 7/13/2015

Institution for Savings Bank (MA) once again has top rate CDs: 36-month CD (2.10% APY) and 60-month CD (2.50% APY). Minimum deposit is $500, with no balance cap.

18 Month 1.50% 36 Month 2.10% - 6/30/2015

Slight change, was 15 month 1.50% and 30 month 2.00%  https://www.institutionforsavings...g-Box.6.jp

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Reviews (1)

Locals Only

this bank - like others on these "best rate" lists -- only opens accts for customers in their local area.



Health
A+

Health Grade Components

Overall
FDIC Certificate #90250
Year Established1820
Employees192
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD9.63%
Annual Interest Income$71.7MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$2.49B$2.03B
LoansQ4 2015vs Q4 2014$1.85B$1.39B
DepositsQ4 2015vs Q4 2014$2.07B$1.73B
Equity CapitalQ4 2015vs Q4 2014$252.1MM$240.5MM
Loan Loss AllowanceQ4 2015vs Q4 2014$8.3MM$7.3MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$4.8MM$6.9MM
Real Estate OwnedQ4 2015vs Q4 2014$150.00K$350.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Institution for Savings Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Gold Savings
OTHER TIERS: 0.25% Up to $25k
0.50%*$25k*-Business Gold Savings
OTHER TIERS: 0.25% Up to $25k
0.40%*$50k*-Preferred Savings Account
OTHER TIERS: 0.25% Up to $50k
0.40%*$50k*-Business Preferred Savings Account
OTHER TIERS: 0.25% Up to $50k
0.25%--Statement Savings
0.25%--Passbook Savings
0.25%--Business Statement Savings

Institution for Savings Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Platinum MMDA
OTHER TIERS: 0.25% Up to $250k
1.00%*$250k*-Business Platinum MMDA
OTHER TIERS: 0.25% Up to $250k
0.80%*$100k*-Gold MMDA
OTHER TIERS: 0.25% Up to $100k
0.80%*$100k*-Business Gold MMDA
OTHER TIERS: 0.25% Up to $100k
0.50%*$75k*-Premium Money Market
OTHER TIERS: 0.25% Up to $75k
0.50%*$100k*-Money Market
OTHER TIERS: 0.25% Up to $50k | 0.35% $50k - $100k
0.50%*$75k*-Business Premium Money Market
OTHER TIERS: 0.25% Up to $75k
0.50%*$100k*-Business Money Market
OTHER TIERS: 0.25% Up to $50k | 0.35% $50k - $100k

Institution for Savings Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$50kBonus Checking
OTHER TIERS: 0.25% $50k+
0.50%*$500k*-Business Sweep Account
OTHER TIERS: 0.25% Up to $250k | 0.35% $250k - $500k
0.25%--Personal Checking
0.25%--Simple Business NOW Checking

Institution for Savings CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$250k-48 Month Platinum Money Market CD
2.50%$250k-48 Month Business Platinum Money Market CD
2.50%$250k-36 Month Platinum Money Market CD
2.50%$250k-36 Month Business Platinum Money Market CD
2.25%--60 Month CD
2.00%--48 Month CD
2.00%--40 Month CD
1.00%--18 Month CD
1.00%-$2m20 Month CD
1.00%-$2m24 Month CD
1.00%--30 Month CD
1.00%--36 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%--60 Month IRA
2.00%--48 Month IRA
2.00%--40 Month IRA
1.00%--18 Month IRA
1.00%--20 Month IRA
1.00%-$2m24 Month IRA
1.00%--30 Month IRA
1.00%--36 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
Locations

Institution for Savings has 13 locations. Click to view all Institution for Savings locations.