Watertown Savings Bank (MA)
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.20% | 5-year CD | Five Year CD 2.35% - Synchrony Bank 60 Month CD |
| 0.10% | 1-year CD | One Year CD 1.40% - Synchrony Bank 12 Month CD |
| 0.05% | Savings | Passbook Savings and Security Deposit Trust Accounts |
Watertown Savings Bank (MA) is headquartered in Watertown and is the 33rd largest bank in the state of Massachusetts. It is also the 647th largest bank in the nation. It was established in 1870 and as of March of 2017, it had grown to 123 employees at 9 locations. Watertown Savings Bank (MA) has an A health rating.
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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23298 |
| Year Established | 1870 |
| Employees | 123 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.59% |
| Return on Equity - YTD | 26.4% |
| Annual Interest Income | $7.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.16B$1.12B |
| Loans | Q1 2017vs Q1 2016 | $557.8MM$551.2MM |
| Deposits | Q1 2017vs Q1 2016 | $1.01B$991.0MM |
| Equity Capital | Q1 2017vs Q1 2016 | $116.7MM$111.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $3.2MM$3.2MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $2.8MM$2.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $500k* | - | Pinnacle Savings (requires a Pinnacle Checking account) | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | 0.20% → $250k - $500k | |||||
| 0.20%* | $250k* | - | Presidential Savings | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | |||||
| 0.20%* | $250k* | - | IRA Savings | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | |||||
| 0.20%* | $250k* | - | Presidential Business Savings | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | |||||
| 0.05% | $50 | - | Access Savings | ||
| 0.05% | $50 | - | Passbook Savings and Security Deposit Trust Accounts | ||
Watertown Savings Bank (MA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $250k* | - | Money Market Accounts | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | |||||
| 0.20%* | $250k* | - | Business Money Market | ||
| OTHER TIERS: 0.05% → $50 - $2,500 | 0.10% → $2,500 - $50k | 0.15% → $50k - $250k | |||||
Watertown Savings Bank (MA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | Business General Checking | |
| 0.10% | $50 | - | Pinnacle Checking | |
| 0.10% | - | - | Business IOLTA Checking | |
| 0.05% | $50 | - | Senior Checking (for ages 65+) | |
| 0.05% | $50 | - | Plus Checking |
Watertown Savings Bank (MA) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 47 Month Long Term Certificate Special (with Checking Account) | |
| 0.75% | $1k | - | 27 Month Medium Term Certificate Special (with Checking Account) | |
| 0.20% | $1k | - | Three Year CD | |
| 0.20% | $1k | - | Four Year CD | |
| 0.20% | $1k | - | Five Year CD | |
| 0.20% | $1k | - | Six Year CD | |
| 0.15% | $1k | - | 7 Month Short Term Certificate Special (with Checking Account) | |
| 0.10% | $1k | - | Three Month CD | |
| 0.10% | $1k | - | Six Month CD | |
| 0.10% | $1k | - | Nine Month CD | |
| 0.10% | $1k | - | Eleven Month CD | |
| 0.10% | $1k | - | One Year CD | |
| 0.10% | $1k | - | Fifteen Month CD | |
| 0.10% | $1k | - | Eighteen Month CD | |
| 0.10% | $1k | - | Two Year CD | |
| 0.10% | $1k | - | Thirty Month CD | |
| 0.10% | $50k | - | Three Month Business CD | |
| 0.10% | $10k | - | Six Month Business CD | |
| 0.10% | $10k | - | One Year Business CD | |
| 0.05% | $1k | - | 120-Day Money Market CD |
Watertown Savings Bank (MA) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 47 Month Long Term IRA Certificate Special (with Checking Account) | |
| 0.75% | $1k | - | 27 Month Medium Term IRA Certificate Special (with Checking Account) | |
| 0.20% | $1k | - | Four Year IRA | |
| 0.20% | $1k | - | Five Year IRA | |
| 0.20% | $1k | - | Six Year IRA | |
| 0.15% | $1k | - | 7 Month Short Term IRA Certificate Special (with Checking Account) | |
| 0.10% | $1k | - | Six Month IRA | |
| 0.10% | $1k | - | Nine Month IRA | |
| 0.10% | $1k | - | Eleven Month IRA | |
| 0.10% | $1k | - | One Year IRA | |
| 0.10% | $1k | - | Fifteen Month IRA | |
| 0.10% | $1k | - | Eighteen Month IRA | |
| 0.10% | $1k | - | Two Year IRA | |
| 0.10% | $1k | - | Thirty Month IRA | |
| 0.05% | $1k | - | 120-Day Money Market IRA |
| Watertown Savings Bank (MA) Locations | ||
|---|---|---|
| East Watertown Branch | 10 Bigelow Avenue | Watertown, MA 02472 |
| Lexington Branch | 1075 Waltham Street | Lexington, MA 02421 |
| Nonantum Branch | 175 Watertown Street | Watertown, MA 02472 |
| Waverly Square Branch | 30 Church Street | Belmont, MA 02478 |
| Watertown Square Drive Up Branch | 45 Church Street | Watertown, MA 02472 |
| Waltham Branch | 6 Lexington Street | Waltham, MA 02451 |
| Watertown Savings Bank | 60 Main Street | Watertown, MA 02472 |
| Warrendale Branch | 739 Main Street | Watertown, MA 02472 |
| Arlington Branch | 980 Massachusetts Avenue | Arlington, MA 02476 |