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.
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.