The Savings Bank (MA)

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CURRENT TOP RATE

7 Month CD Special

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 62^nd largest bank in the state of Massachusetts. It is also the 1,244^th largest bank in the nation. It was established in 1869 and as of March of 2023, it had grown to 108 employees at 9 locations. The Savings Bank (MA)'s money market rates are 2X the national average, and it has an A health rating.

Related Posts

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2020

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

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Health

A

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	90291
Year Established	1869
Employees	108
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.29%
Return on Equity - YTD	2.88%
Annual Interest Income	$6.4MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$752.0MM$732.0MM
Loans	Q1 2023vs Q1 2022	$520.0MM$470.8MM
Deposits	Q1 2023vs Q1 2022	$672.6MM$648.6MM
Equity Capital	Q1 2023vs Q1 2022	$74.8MM$78.7MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$5.3MM$4.6MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$2.7MM$1.6MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

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	VIEW DETAILS
4.96%	$10	-	Companion Savings Account w/ CD
1.00%^*	-	$25k	Kasasa Saver
OTHER TIERS: 0.20% → $25k+
0.08%	$10	-	Statement Savings
0.03%	$10	-	Passbook Savings
0.03%	-	-	Holiday Club Savings
0.03%	-	-	The C.L.U.B. Account

The Savings Bank (MA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.07%	$10	-	IOLTA Account
3.00%^*	-	$15k	Kasasa Cash
OTHER TIERS: 0.20% → $15k+
0.50%	$5k	-	Wealth Checking w/ Direct Deposit
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
0.05%	$10	$5k	Wealth Checking

The Savings Bank (MA) CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.12%	-	-	7 Month CD Special
5.12%	-	-	11 Month CD Special
0.35%	-	-	20 Month CD
0.30%	-	-	24 Month CD
0.30%	-	-	36 Month CD
0.30%	-	-	48 Month CD
0.30%	-	-	60 Month CD
0.30%	-	-	30 Month CD
0.20%	-	-	9 Month CD
0.20%	-	-	12 Month CD
0.20%	-	-	18 Month CD
0.10%	-	-	6 Month CD

The Savings Bank (MA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.12%	-	-	7 Month IRA Special
5.12%	-	-	11 Month IRA Special
0.35%	-	-	20 Month IRA
0.30%	-	-	24 Month IRA
0.30%	-	-	36 Month IRA
0.30%	-	-	48 Month IRA
0.30%	-	-	60 Month IRA
0.30%	-	-	30 Month IRA
0.20%	-	-	9 Month IRA
0.20%	-	-	12 Month IRA
0.20%	-	-	18 Month IRA
0.10%	-	-	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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