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The Savings Bank (MA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.20%
Our Rating
3.6  / 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 3/28/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% 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 3/28/2025
3.70%
Our Rating
4.3  / 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 3/28/2025
4.41%
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 3/28/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 59th largest bank in the state of Massachusetts. It is also the 1,211th largest bank in the nation. It was established in 1869 and as of December of 2024, it had grown to 105 employees at 9 locations. The Savings Bank (MA)'s money market rates are 2X the national average, and it has a C+ health rating.

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Health
C+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees105
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.38%
Annual Interest Income$33.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$826.8MM$784.3MM
LoansQ4 2024vs Q4 2023$603.4MM$568.1MM
DepositsQ4 2024vs Q4 2023$732MM$701MM
Equity CapitalQ4 2024vs Q4 2023$76.6MM$75.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$5.9MM$5.6MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$14.5MM$1.4MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.20%
Our Rating
3.6  / 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 3/28/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% 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 3/28/2025
3.70%
Our Rating
4.3  / 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 3/28/2025
4.41%
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 3/28/2025
4.50%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/28/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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
3.50%$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
4.15%$0-7 Month CD Special
4.00%$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
4.15%$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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