5 Days Only - WaterStone Bank (WI) 11-Month and 19-Month CD Specials


WaterStone Bank,SSB (WI) has added two CD Specials, with limited availability, to its product line: a 11-month CD Special (1.00% APY) and a 19-month CD Special (1.15% APY). These rates are effective as of August 11, 2014, and are guaranteed only through August 16, 2014. The minimum deposit to open and earn the stated APY on either CD is $5K and there is a maximum deposit of $250K. This offer applies only to funds not currently on deposit at WaterStone Bank, SSB. These Specials are listed on the bank's website as of 8/11/2014.


These CDs are only available to residents of Wisconsin and proof of residency (Wisconsin State Driver's License, utility bill, etc.) is required. The CDs can be opened in person at any of the ten WaterStone Bank, SSB locations (Brookfield, Franklin, Germantown, Oak Creek, Pewaukee, Wauwatosa and West Allis), or online.

N.B. If the online application is used, the opening deposit needs to be received within 10 business days of application to guarantee the advertised interest rate.

Bank Overview

WaterStone Bank, SSB has an overall health rating of A at DepositAccounts.com, with a Texas Ratio of 19.59% (above average) as of March 31, 2014. WaterStone Bank, SSB holds $1.76 Billion in assets, with $356.61 Million in equity, an excellent capitalization level of 20.29%. Please refer to our financial overview of WaterStone Bank, SSB for more details.

WaterStone Bank, SSB was founded in 1921 (FDIC Certificate #28513) as the Wauwatosa Building and Loan in the Village of Wauwatosa. (Wauwatosa is the Potawatomi word for "firefly.") Known generally in the community as the Wauwatosa Savings Bank, the name was changed to WaterStone Bank in 2008 to better reflect the bank's growth and diverse product line.

How the Rate Compares

When compared to other Wisconsin banks' offerings tracked by DepositAccounts.com, WaterStone Bank, SSB ranks in the top 3:

WaterStone Bank, SSB 19-month CD Special:

  • 19-month CD 1.15% APY WaterStone Bank, SSB
  • 18-month CD 1.10% APY First National Bank
  • 12-month CD 0.87% APY Commerce State Bank

WaterStone Bank, SSB 11-month CD Special:

  • 13-month CD 1.10% APY First National Bank
  • 11-month CD 1.00% APY WaterStone Bank, SSB
  • 12-month CD 0.87% APY Spring Bank

The above rates are accurate as of 8/11/2014.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

6.00% 5-Month CD at a Wisconsin Bank (Wauwatosa).
Wauwatosa Savings Bank is having a grand opening special with a 6.00% APY 5-month certificate of deposit. The minimum is $5K and the maximum deposit is $50K with a limit of one per household. The offer is only good at the bank's new Franklin branch. It requires an active checking account, and the money must be new to the bank. The offer ends 9/16/06. This special is not listed at the bank's website. It was advertised in the Milwaukee newspaper. The ad is available online here.

The bank has been FDIC...

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5% 9-Month CD at a Wisconsin Bank
Wauwatosa Savings Bank has a CD special with an APY of 5.00% and terms of 9 to 22 months. The minimum deposit is $5K.

The has branches at several Wisconsin cities in the suburbs of Milwaukee.

Credit for this find goes to commenter who mentioned this in the finding deals post. Thanks!

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