The Savings Bank (MA)

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.tsbawake24.com

800-246-2009

357 Main Street
Wakefield, MA 01880

The Savings Bank (MA) is headquartered in WAKEFIELD and is the 59^th largest bank in the state of Massachusetts. It is also the 1,211^th largest bank in the nation. It was established in 1869 and as of March of 2025, it had grown to 105 employees at 9 locations. The Savings Bank (MA)'s money market rates are 2X the national average, and it has a B health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	90291
Year Established	1869
Employees	105
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.14%
Return on Equity - YTD	1.46%
Annual Interest Income	$8.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$833.2MM$815.9MM
Loans	Q1 2025vs Q1 2024	$604.3MM$567MM
Deposits	Q1 2025vs Q1 2024	$735.3MM$727.6MM
Equity Capital	Q1 2025vs Q1 2024	$78.6MM$75.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$5.9MM$5.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$13.3MM$11.6MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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

The Savings Bank (MA) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.50%	$10	-	Companion Savings Account w/ CD
1.00%^*	$0	$25k	Kasasa Saver
OTHER TIERS: 0.20% → $25k+
0.08%	$10	-	Statement Savings
0.03%	$0	-	Holiday Club Savings
0.03%	$0	-	The C.L.U.B. Account

The Savings Bank (MA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%^*	$1m^*	-	Consumer Money Market
OTHER TIERS: 0.01% → $10 - $2.5k \| 0.03% → $2.5k - $10k \| 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k \| 0.30% → $100k - $250k \| 0.50% → $250k - $500k \| 0.75% → $500k - $1m
1.01%^*	$1m^*	-	Business Money Market Account
OTHER TIERS: 0.03% → $10 - $25k \| 0.05% → $25k - $50k \| 0.10% → $50k - $100k \| 0.20% → $100k - $250k \| 0.50% → $250k - $500k \| 0.75% → $500k - $1m
0.10%^*	$2.5k^*	-	Investment Savings
OTHER TIERS: 0.03% → $10 - $2.5k

The Savings Bank (MA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%^*	$0	$15k	Kasasa Cash
OTHER TIERS: 0.20% → $15k+
2.78%	$10	-	IOLTA Account
0.50%	$5k	-	Wealth Checking w/ Direct Deposit
0.05%	$10	$5k	Wealth Checking

The Savings Bank (MA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%	$0	-	7 Month CD Special
4.00%	$0	-	4 Month CD Special
0.35%	$0	-	20 Month CD
0.30%	$0	-	24 Month CD
0.30%	$0	-	36 Month CD
0.30%	$0	-	48 Month CD
0.30%	$0	-	60 Month CD
0.30%	$0	-	30 Month CD
0.20%	$0	-	9 Month CD
0.20%	$0	-	12 Month CD
0.20%	$0	-	18 Month CD
0.20%	$0	-	11 Month CD
0.10%	$0	-	6 Month CD

The Savings Bank (MA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%	$0	-	7 Month IRA Special
0.35%	$0	-	20 Month IRA
0.30%	$0	-	24 Month IRA
0.30%	$0	-	36 Month IRA
0.30%	$0	-	48 Month IRA
0.30%	$0	-	60 Month IRA
0.30%	$0	-	30 Month IRA
0.20%	$0	-	9 Month IRA
0.20%	$0	-	12 Month IRA
0.20%	$0	-	18 Month IRA
0.20%	$0	-	11 Month IRA
0.10%	$0	-	6 Month IRA

Locations

The Savings Bank (MA) Locations
South Lynnfield Branch	1105 Summer Street	Lynnfield, MA 01940
Methuen Branch	17 Burnham Road	Methuen, MA 01844
The Savings Bank	357 Main St	Wakefield, MA 01880
Colonial Shopping Center Branch	584 Main Street	Lynnfield, MA 01940
Lakeside Branch	599 North Avenue	Wakefield, MA 01880
North Reading Branch	6 Washington Street	North Reading, MA 01864
Andover Branch	84 Main Street	Andover, MA 01810
Main Street Branch	907 Main Street	Wakefield, MA 01880

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