The Savings Bank (MA)

Overview | Eligibility Requirements | Receive alerts for this bank

View health report

CURRENT TOP RATE

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 58^th largest bank in the state of Massachusetts. It is also the 1,294^th largest bank in the nation. It was established in 1869 and as of December of 2021, it had grown to 106 employees at 9 locations. The Savings Bank (MA) has an A+ health rating.

Related Posts

View all posts from:

2020

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

Reviews

Write a Review

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

Health

A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	90291
Year Established	1869
Employees	106
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	4.46%
Annual Interest Income	$20.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$722.5MM$658.4MM
Loans	Q4 2021vs Q4 2020	$470.5MM$466.3MM
Deposits	Q4 2021vs Q4 2020	$634.9MM$573.5MM
Equity Capital	Q4 2021vs Q4 2020	$83.3MM$81.0MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$4.5MM$4.4MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$1.6MM$2.0MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%^*	-	$25k	Kasasa Saver
OTHER TIERS: 0.20% → $25k+
0.10%	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%^*	$500k^*	-	Business Money Market Account
OTHER TIERS: 0.03% → Up to $25k \| 0.05% → $25k - $5m \| 0.10% → $50k - $100k \| 0.20% → $100k - $250k \| 0.25% → $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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%	-	$15k	Kasasa Cash
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
0.05%^*	$10k^*	-	e-Checking
OTHER TIERS: 0.03% → $10 - $10k

The Savings Bank (MA) CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%	$1k	-	20 Month CD
0.30%	$1k	-	24 Month CD
0.30%	$1k	-	36 Month CD
0.30%	$1k	-	48 Month CD
0.30%	$1k	-	60 Month CD
0.30%	$1k	-	30 Month CD
0.25%	$1k	-	11 Month CD
0.20%	$1k	-	9 Month CD
0.20%	$1k	-	12 Month CD
0.20%	$1k	-	18 Month CD
0.20%	$1k	-	15 Month CD
0.10%	$1k	-	6 Month CD

The Savings Bank (MA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%	$1k	-	20 Month IRA
0.30%	$1k	-	24 Month IRA
0.30%	$1k	-	36 Month IRA
0.30%	$1k	-	48 Month IRA
0.30%	$1k	-	60 Month IRA
0.30%	$1k	-	30 Month IRA
0.25%	$1k	-	11 Month IRA
0.20%	$1k	-	9 Month IRA
0.20%	$1k	-	12 Month IRA
0.20%	$1k	-	18 Month IRA
0.20%	$1k	-	15 Month IRA
0.10%	$1k	-	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

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.