Watch Hill Bank (OH) Adds 12-Month CD Special


Deal Summary: 12-month CD Special, 1.50% APY, $500 minimum deposit, new money

Availability: Market area is the greater Cincinnati (OH) area.

Last week, DA reader, drew95, posted information in the Forum concerning a 12-month CD Special (1.50% APY) being offered by Watch Hill Bank. The minimum deposit is $500 of new money, with no stated balance cap.

Watch Hill Bank does not list any rates on its website, but eagle-eyed drew95 saw an ad in the March 23rd edition of the Cincinnati Enquirer. While there is a “View Current Rates” button on the Bank's “Personal Savings” page, it leads to a page that states,


*All rates are subject to change.

Contact us at (513) 233-4028 for current rate information.

According to CSR, the Early Withdrawal Penalty is “half the interest you would have earned.” In other words, if you withdrew $5k eight months into the term, you would lose two months interest (half of the remaining four months).

Thanks again to drew95 for his Forum post about the 12-month CD Special.


Headquartered in Cincinnati, Ohio, Watch Hill Bank’s market area is the greater Cincinnati metropolitan area.

Opening a 12-month CD Special (or any other type of account) requires a visit to either of two full-service Ohio branches, both located in southeast Cincinnati.

Watch Hill Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Watch Hill Bank has an overall health grade of "A" at, with a Texas ratio of 5.43% (excellent) based on December 31, 2016 data. In the past year, the Bank has increased its total non-brokered deposits by $391k, an above average annual growth rate of 0.48%. Please refer to our financial overview of Watch Hill Bank (FDIC Certificate # 27968) for more details.

While the Watch Hill Brank brand has been in place for less than two years, the Bank has been part of the Cincinnati financial landscape since 1886, when it was established as Mt. Washington Savings and Loan Company. Over the 125 years, the Bank operated as a mutually-owned bank and had four different names, all of which were variations on the original "Mt. Washington Savings and Loan Company." In 2015, the Bank was reorganized for stock ownership and re-branded as Watch Hill Bank. According to a 2014 article in the Cincinnati Business Courier,

It only took 128 years, but Mt. Washington Savings Bank is selling stock to the public
for the first time and raising money to grow. It could even double the bank's size.

How the CD Special Compares

When compared to the 267 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the Bank’s market area, Watch Hill Bank’s 12-month CD Special APY currently ranks first.

The above rates are accurate as of 3/28/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.


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.