Overview / Commentary
60 Main Street
Watertown, MA 02472

Watertown Savings Bank (MA) is headquartered in Watertown and is the 36th largest bank in the state of Massachusetts. It is also the 667th largest bank in the nation. It was established in 1870 and as of September of 2018, it had grown to 125 employees at 10 locations. Watertown Savings Bank (MA) has an A health rating.

Reviews (1)

Watertown Savings Bank Experience

I've been a customer of Watertown Savings Bank for approximately one year. I left a large bank because I disliked the lack of customer service. The customer service at Watertown savings is top notch with employees willing to help you immediately as you enter the bank. If the person who greets you can't help you, he or she will find someone who can. I do most of my banking online and I see pros and cons with the service offered for my checking account. The site is easy to navigate, but I dislike not being able to guarantee when my bill payment will arrive at its destination. The bank says I must send payment 3 to 5 days ahead of time. I also dislike not having a rewards program on using my checking account/debit card to buy things. Other than those drawbacks, I like dealing with a small local bank mostly because the customer service is superior. The fees are also competitive. I would like to see a better rate of interest on my savings account, but the bank offers a competitive rate.


Health Grade Components

FDIC Certificate #23298
Year Established1870
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.61%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.16B$1.17B
LoansQ3 2018vs Q3 2017$586.2MM$567.3MM
DepositsQ3 2018vs Q3 2017$1.03B$1.02B
Equity CapitalQ3 2018vs Q3 2017$119.0MM$120.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.3MM$3.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.4MM$790.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Watertown Savings Bank (MA) Savings Account Rates

0.65%*$500k*-Pinnacle Savings
OTHER TIERS: 0.10% $50 - $2.5k | 0.20% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k
0.40%*$250k*-Presidential Savings
OTHER TIERS: 0.10% $50 - $2.5k | 0.20% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.40%*$250k*-IRA Savings Accounts
OTHER TIERS: 0.10% $50 - $2.5k | 0.20% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.20%*$250k*-Presidential Business Savings
OTHER TIERS: 0.05% $50 - $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $250k
0.05%$50-Access Savings Account
0.05%$50-Passbook Savings Account
0.05%$50-Security Deposit Trust Account

Watertown Savings Bank (MA) Money Market Rates

0.40%*$250k*-Money Market Account
OTHER TIERS: 0.10% $50 - $2.5k | 0.20% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.20%*$250k*-Business Money Market
OTHER TIERS: 0.05% $50 - $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $250k

Watertown Savings Bank (MA) Checking Account Rates

0.10%$50-Pinnacle Checking
0.05%$50-Senior Checking
0.05%$50-Plus Checking

Watertown Savings Bank (MA) CD Rates

2.75%$50-47 Month Long Term CD Special (with Checking Account)
2.50%$50-27 Month Medium Term CD Special (with Checking Account)
2.25%$50-10 Month Short Term CD Special (with Checking Account)
0.20%$1k-3 Year CD
0.20%$1k-4 Year CD
0.20%$1k-5 Year CD
0.20%$1k-6 Year CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD
0.10%$1k-9 Month CD
0.10%$1k-11 Month CD
0.10%$1k-12 Month CD
0.10%$1k-15 Month CD
0.10%$1k-18 Month CD
0.10%$1k-2 Year CD
0.10%$1k-30 Month CD
0.10%$50k-Business 3 Month CD
0.10%$10k-Business 6 Month CD
0.10%$10k-Business 1 Year CD
0.05%$1k$500k120 Day Money Market CD Special

Watertown Savings Bank (MA) IRA Rates

2.75%$50-47 Month Long Term IRA Special (with Checking Account)
2.50%$50-27 Month Medium Term IRA Special (with Checking Account)
2.25%$50-10 Month Short Term IRA Special (with Checking Account)
0.20%$1k-3 Year IRA
0.20%$1k-4 Year IRA
0.20%$1k-5 Year IRA
0.20%$1k-6 Year IRA
0.10%$1k-6 Month IRA
0.10%$1k-9 Month IRA
0.10%$1k-11 Month IRA
0.10%$1k-12 Month IRA
0.10%$1k-15 Month IRA
0.10%$1k-18 Month IRA
0.10%$1k-2 Year IRA
0.10%$1k-30 Month IRA
0.05%$1k-120 Day Money Market IRA

Cities: Arlington, Belmont, Lexington, Waltham, Watertown

Arlington Branches
Arlington Branch980 Massachusetts AvenueArlington, MA 02476

Belmont Branches
Waverly Square Branch30 Church StreetBelmont, MA 02478

Lexington Branches
Lexington Branch1075 Waltham StreetLexington, MA 02421

Waltham Branches
Waltham Branch6 Lexington StreetWaltham, MA 02451
Market Street Branch25 Market Place DriveWaltham, MA 02451

Watertown Branches
East Watertown Branch10 Bigelow AvenueWatertown, MA 02472
Nonantum Branch175 Watertown StreetWatertown, MA 02472
Watertown Square Drive Up Branch45 Church StreetWatertown, MA 02472
Watertown Savings Bank60 Main StreetWatertown, MA 02472
Warrendale Branch739 Main StreetWatertown, MA 02472

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