The Savings Bank (MA)


Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.00%Reward Checking
1.51%Reward Savings
1.45%5-year CD
View all The Savings Bank (MA) rates »

Overview / Commentary
781-224-5341
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 1,212th largest bank in the nation. It was established in 1869 and as of September of 2018, it had grown to 111 employees at 9 locations. The Savings Bank (MA)'s money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees111
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.11%
Annual Interest Income$15.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$602.3MM$571.3MM
LoansQ3 2018vs Q3 2017$490.3MM$463.6MM
DepositsQ3 2018vs Q3 2017$495.5MM$459.9MM
Equity CapitalQ3 2018vs Q3 2017$73.4MM$70.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.6MM$3.5MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.4MM$2.0MM
Real Estate OwnedQ3 2018vs Q3 2017$270.00K$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
1.51%*$10$25kKasasa Saver
OTHER TIERS: 0.50% $25k+
0.10%*$2.5k*-Investment Account
OTHER TIERS: 0.03% $10 - $2.5k
0.08%$10-Statement Savings

The Savings Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Business Money Market Account
OTHER TIERS: 0.20% Up to $25k | 0.30% $25k - $5m | 0.40% $50k - $100k | 0.50% $100k - $250k | 0.60% $250k - $500k
0.50%*$100k*-The Money Market Account
OTHER TIERS: 0.05% $10 - $2.5k | 0.10% $2.5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

The Savings Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$10$15kKasasa Cash
OTHER TIERS: 0.20% $15k+
1.25%$10-Attorney 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
0.05%*$10k*-e-Checking
OTHER TIERS: 0.03% $10 - $10k

The Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-15 Month CD
2.27%$1k-9 Month CD
1.45%$1k-60 Month CD
1.30%$1k-48 Month CD
1.15%$1k-36 Month CD
1.15%$1k-30 Month CD
1.10%$1k-24 Month CD
0.90%$1k-18 Month CD
0.75%$1k-12 Month CD
0.50%$1k-6 Month CD

The Savings Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-15 Month IRA
2.27%$1k-9 Month IRA
1.45%$1k-60 Month IRA
1.30%$1k-48 Month IRA
1.15%$1k-36 Month IRA
1.15%$1k-30 Month IRA
1.10%$1k-24 Month IRA
0.90%$1k-18 Month IRA
0.75%$1k-12 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

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