The Savings Bank (MA)

Overview / Commentary
357 Main Street
Wakefield, MA 01880

The Savings Bank (MA) is headquartered in Wakefield and is the 62nd largest bank in the state of Massachusetts. It is also the 1,323rd largest bank in the nation. It was established in 1869 and as of June of 2021, it had grown to 103 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.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #90291
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD4.34%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$691.6MM$650.1MM
LoansQ2 2021vs Q2 2020$468.8MM$497.9MM
DepositsQ2 2021vs Q2 2020$605.5MM$565.7MM
Equity CapitalQ2 2021vs Q2 2020$82.6MM$79.2MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.6MM$4.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.3MM$1.3MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Report an Issue

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

1.00%*-$25kKasasa Saver
OTHER TIERS: 0.20% $25k+
0.25%$10-Companion Savings Account w/ CD
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

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
0.30%*$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
0.10%*$2.5k*-Investment Savings
OTHER TIERS: 0.03% $10 - $2.5k

The Savings Bank (MA) Checking Account Rates

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
OTHER TIERS: 0.03% $10 - $10k

The Savings Bank (MA) CD Rates

0.40%$1k-20 Month CD
0.40%$1k-11 Month CD
0.35%$1k-24 Month CD
0.35%$1k-36 Month CD
0.35%$1k-48 Month CD
0.35%$1k-60 Month CD
0.35%$1k-30 Month CD
0.25%$1k-9 Month CD
0.25%$1k-12 Month CD
0.25%$1k-18 Month CD
0.25%$1k-15 Month CD
0.15%$1k-6 Month CD

The Savings Bank (MA) IRA Rates

0.40%$1k-20 Month IRA
0.40%$1k-11 Month IRA
0.35%$1k-24 Month IRA
0.35%$1k-36 Month IRA
0.35%$1k-48 Month IRA
0.35%$1k-60 Month IRA
0.35%$1k-30 Month IRA
0.25%$1k-9 Month IRA
0.25%$1k-12 Month IRA
0.25%$1k-18 Month IRA
0.25%$1k-15 Month IRA
0.15%$1k-6 Month IRA

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.