WaterStone Bank (WI) Ups 25-Month CD Special APY


Deal Summary: CD Specials – 9-month (2.50% APY), 15-month (2.75% APY), 25-month (3.00% APY), $5k minimum deposit.

Availability: Wisconsin

WaterStone Bank is currently offering three CD Specials: 9-month (2.50% APY), 15-month (2.75% APY), and 25-month (3.00% APY), with the 25-month having the most competitive APY. The minimum opening deposit is $5k, with no stated balance cap.

5.00%$5k-WaterStone Bank9 Month CD Special
5.00%$2.5k-WaterStone Bank9 Month IRA Special (Traditional, Roth)
Rates as of February 26, 2024.

The CD Specials are also available as IRAs (Traditional and Roth), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is as follows:

  • 9-month CD Special - 3 months interest
  • 15-month CD Special - 6 months interest
  • 25-month CD Special - 12 months interest

$250 Checking Bonus

WaterStone Bank is also offering a $250 bonus when opening an Essential Checking account. This offer is only available to new checking account customers and does “not apply to individuals that closed a WSB checking account within the past 180 calendar days.” The $250 bonus is paid out in increments over a 12 month period. Complete details are available on the landing page.


Headquartered in Wauwatosa, Wisconsin, WaterStone Bank’s primary market area includes Milwaukee, Washington, and Waukesha Counties in southeast Wisconsin, but the CD Specials can be opened by any Wisconsin resident (proof of residency may be required).

The CD Specials can be opened online, or at any of 12 full-service Wisconsin branches, located in Brookfield (2), Fox Point, Franklin, Germantown, Greenfield, Oak Creek, Oconomowoc, Pewaukee, Wauwatosa (2), and West Allis).

As stated on WaterStone Bank’s CD page,

When opening an account, we must receive your opening deposit within 10 business days of your online application in order for you to receive the interest rate that is offered to you at the time your account is opened.

Bank Overview

WaterStone Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.20% (excellent) based on June 30, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $72.94 million, an excellent annual growth rate of 7.43% APY. Please refer to our financial overview of WaterStone Bank (FDIC Certificate # 28513) for more details.

WaterStone Bank, SSB was founded in 1921 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. WaterStone Bank is currently the eighth largest bank in Wisconsin, with assets in excess of $1.8 billion and more than 38,000 customer accounts.

How the CD Special Compares

When compared to 406 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Wisconsin residents, WaterStone Bank's 25-month CD Special APY currently ranks second.

The above rates are accurate as of 11/5/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

Related Pages: Milwaukee CD rates, 1-year CD rates, 5-year CD rates

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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...

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

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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.