Featured Savings Rates
Featured Accounts

The Savings Bank (MA)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.45%5-year CD60 Month CD
0.70%1-year CD12 Month CD
0.08%SavingsStatement Savings

Overview / Commentary
781-224-5341
357 Main Street
Wakefield, MA 01880

The Savings Bank (MA) is headquartered in Wakefield and is the 64th largest bank in the state of Massachusetts. It is also the 1,305th largest bank in the nation. It was established in 1869 and as of September of 2016, it had grown to 114 employees at 9 locations. The Savings Bank (MA) has an A health rating.

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Health
A

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees114
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.27%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$539.1MM$521.8MM
LoansQ3 2016vs Q3 2015$417.5MM$401.8MM
DepositsQ3 2016vs Q3 2015$437.9MM$427.7MM
Equity CapitalQ3 2016vs Q3 2015$68.0MM$65.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.0MM$3.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.8MM$1.0MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Attorney IOLTA Account
0.10%*$2,500*-Investment Account
OTHER TIERS: 0.03% $10 - $2,500
0.08%--Statement Savings

The Savings Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-The Money Market Account
OTHER TIERS: 0.03% $10 - $10k | 0.05% $10k - $25k | 0.08% $25k - $100k

The Savings Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Premium Checking
OTHER TIERS: 0.03% $10 - $2,500 | 0.05% $2,500 - $25k | 0.08% $25k - $100k
0.08%*$10k*-Interest Checking
OTHER TIERS: 0.03% $10 - $10k
0.08%*$10k*-e-Checking
OTHER TIERS: 0.03% $10 - $10k

The Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-60 Month CD
1.30%$1k-48 Month CD
1.15%$1k-36 Month CD
1.10%$1k-24 Month CD
1.00%$1k-18 Month CD
0.70%$1k-12 Month CD
0.60%$1k-9 Month CD
0.50%$1k-6 Month CD

The Savings Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-60 Month IRA
1.30%$1k-48 Month IRA
1.15%$1k-36 Month IRA
1.10%$1k-24 Month IRA
1.00%$1k-18 Month IRA
0.70%$1k-12 Month IRA
0.60%$1k-9 Month IRA
0.50%$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