Advertising Disclosure
  1. Home
  2. Banks
  3. The Savings Bank (MA)

The Savings Bank (MA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
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 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
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 7/18/2025
4.44%
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
Bonus Amount
up to $300
Our Rating
4.2  / 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 March of 2025, 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 B health rating.

Reviews

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



Health
B

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90291
Year Established1869
Employees105
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.14%
Return on Equity - YTD1.46%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$833.2MM$815.9MM
LoansQ1 2025vs Q1 2024$604.3MM$567MM
DepositsQ1 2025vs Q1 2024$735.3MM$727.6MM
Equity CapitalQ1 2025vs Q1 2024$78.6MM$75.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$5.9MM$5.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$13.3MM$11.6MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
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 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
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 7/18/2025
4.44%
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
Bonus Amount
up to $300
Our Rating
4.2  / 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
Skip to rates for:
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

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
1.01%*$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
1.01%*$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

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.