The Savings Bank (MA)


Overview / Commentary
800-246-2009
357 Main Street
Wakefield, MA 01880

The Savings Bank (MA) is headquartered in Wakefield and is the 65th largest bank in the state of Massachusetts. It is also the 1,295th largest bank in the nation. It was established in 1869 and as of June of 2020, it had grown to 110 employees at 9 locations. The Savings Bank (MA) has an A+ health rating.

Related Posts

The Savings Bank's Kasasa Cash Checking Available in MA and NH - 10/26/2020

The Savings Bank offers its Kasasa Cash checking account and the companion Kasasa Saver savings account to all residents of Massachusetts and New Hampshire.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees110
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.18%
Annual Interest Income$10.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$650.1MM$619.4MM
LoansQ2 2020vs Q2 2019$497.9MM$495.5MM
DepositsQ2 2020vs Q2 2019$565.7MM$519.8MM
Equity CapitalQ2 2020vs Q2 2019$79.2MM$76.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.1MM$3.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.3MM$2.5MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Savings Bank (MA); 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.

The Savings Bank (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*-$25kKasasa Saver
OTHER TIERS: 0.50% $25k+
0.40%$10-Companion Savings Account w/ CD
0.10%*$2.5k*-Investment Account
OTHER TIERS: 0.03% $10 - $2.5k
0.08%$10-Statement Savings
0.03%$10-Passbook Savings
0.03%$10-Holiday Club Savings
0.03%$10-The C.L.U.B. Account

The Savings Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Business Money Market Account
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $5m | 0.15% $50k - $100k | 0.25% $100k - $250k | 0.35% $250k - $500k
0.35%*$100k*-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

The Savings Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kKasasa Cash
OTHER TIERS: 0.20% $15k+
0.75%$10- IOLTA Account
0.10%*$100k*-Premium Checking
OTHER TIERS: 0.03% $10 - $2.5k | 0.05% $2.5k - $25k | 0.08% $25k - $100k
0.05%*$10k*-Interest Checking
OTHER TIERS: 0.03% $10 - $10k
0.05%*$10k*-e-Checking
OTHER TIERS: 0.03% $10 - $10k

The Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-20 Month CD
0.55%$1k-11 Month CD
0.50%$1k-24 Month CD
0.50%$1k-36 Month CD
0.50%$1k-48 Month CD
0.50%$1k-60 Month CD
0.50%$1k-30 Month CD
0.40%$1k-9 Month CD
0.40%$1k-12 Month CD
0.40%$1k-18 Month CD
0.40%$1k-15 Month CD
0.30%$1k-6 Month CD

The Savings Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-20 Month IRA
0.55%$1k-11 Month IRA
0.50%$1k-24 Month IRA
0.50%$1k-36 Month IRA
0.50%$1k-48 Month IRA
0.50%$1k-60 Month IRA
0.50%$1k-30 Month IRA
0.40%$1k-9 Month IRA
0.40%$1k-12 Month IRA
0.40%$1k-18 Month IRA
0.40%$1k-15 Month IRA
0.30%$1k-6 Month IRA
Locations


The Savings Bank (MA) Locations
South Lynnfield Branch1105 Summer StreetLynnfield, MA 01940
Methuen Branch17 Burnham RoadMethuen, MA 01844
The Savings Bank357 Main StreetWakefield, MA 01880
Colonial Shopping Center Branch584 Main StreetLynnfield, MA 01940
Lakeside Branch599 North AvenueWakefield, MA 01880
North Reading Branch6 Washington StreetNorth Reading, MA 01864
Andover Branch84 Main StreetAndover, MA 01810
Main Street Branch907 Main StreetWakefield, MA 01880

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