Watertown Savings Bank (MA)

Overview / Commentary
60 Main Street
Watertown, MA 02472

Watertown Savings Bank (MA) is headquartered in WATERTOWN and is the 43rd largest bank in the state of Massachusetts. It is also the 762nd largest bank in the nation. It was established in 1870 and as of March of 2024, it had grown to 102 employees at 10 locations. Watertown Savings Bank (MA)'s money market rates are 9X the national average, and it has a B+ 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 - YTD0.28%
Return on Equity - YTD2.83%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.43B$1.42B
LoansQ1 2024vs Q1 2023$616.1MM$618.2MM
DepositsQ1 2024vs Q1 2023$1.26B$1.28B
Equity CapitalQ1 2024vs Q1 2023$139.7MM$121.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.9MM$4.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$0$1.1MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Watertown Savings Bank (MA); we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.10%*$25k*-Presidential Savings
OTHER TIERS: 0.05% $50 - $25k
0.10%*$25k*-IRA Savings Accounts
OTHER TIERS: 0.05% $50 - $25k
0.10%*$25k*-Pinnacle Savings
OTHER TIERS: 0.05% $50 - $25k
0.05%$50-Access Savings Account
0.05%$50-Passbook Savings Account
0.05%$50-Presidential Business Savings
0.05%$50-Security Deposit Trust Account
0.05%$50-Business Security Deposit Trust

Watertown Savings Bank (MA) Money Market Rates

4.00%*$300k*-Premier Money Market - 50% New Money
OTHER TIERS: 0.05% $50 - $25k | 3.00% $25k - $100k | 3.50% $100k - $300k
0.10%*$25k*-Money Market Account
OTHER TIERS: 0.05% $50 - $25k
0.05%$50-Business Money Market

Watertown Savings Bank (MA) Checking Account Rates

0.05%$50-Pinnacle Checking
0.02%$50-Senior Checking
0.02%$50-Plus Checking

Watertown Savings Bank (MA) CD Rates

5.00%$1k-4 Month Short Term CD Special w/ Checking
4.25%$50-13 Month Medium Term CD Special w/ Checking
2.00%$1k-47 Month Long Term CD Special w/ Checking
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-24 Month 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 12 Month CD

Watertown Savings Bank (MA) IRA Rates

5.00%$1k-4 Month Short Term IRA Special w/ Checking
4.25%$50-13 Month Medium Term IRA Special w/ Checking
2.00%$1k-47 Month Long Term IRA Special w/ Checking
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-24 Month IRA
0.10%$1k-30 Month 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 StWatertown, MA 02472
Warrendale Branch739 Main StreetWatertown, MA 02472

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.