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The Savings Bank (MA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% 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
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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 58th largest bank in the state of Massachusetts. It is also the 1,206th largest bank in the nation. It was established in 1869 and as of September of 2024, it had grown to 107 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
B

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees107
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD2.08%
Annual Interest Income$24.6MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$834.3MM$768.7MM
LoansQ3 2024vs Q3 2023$599.4MM$549.5MM
DepositsQ3 2024vs Q3 2023$704MM$693MM
Equity CapitalQ3 2024vs Q3 2023$80MM$71.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$5.8MM$5.4MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$13.2MM$1.7MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% 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
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/13/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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
3.71%$10-Companion Savings Account w/ CD
1.00%*$0$25kKasasa 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$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
1.00%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$0$15kKasasa Cash
OTHER TIERS: 0.20% → $15k+
2.78%$10- IOLTA Account
0.50%$5k-Wealth Checking w/ Direct Deposit
0.05%$10$5kWealth Checking

The Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.23%$0-7 Month CD Special
4.23%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.23%$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 Branch1105 Summer StreetLynnfield, MA 01940
Methuen Branch17 Burnham RoadMethuen, MA 01844
The Savings Bank357 Main StWakefield, 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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