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Watertown Savings Bank (MA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.watertownsavings.com
617-928-9000
60 Main Street
Watertown, MA 02472

Watertown Savings Bank (MA) is headquartered in WATERTOWN and is the 42nd largest bank in the state of Massachusetts. It is also the 746th largest bank in the nation. It was established in 1870 and as of March of 2025, it had grown to 104 employees at 10 locations. Watertown Savings Bank (MA)'s money market rates are 6X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #23298
Year Established1870
Employees104
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.46%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.5B$1.43B
LoansQ1 2025vs Q1 2024$622.8MM$616.1MM
DepositsQ1 2025vs Q1 2024$1.33B$1.26B
Equity CapitalQ1 2025vs Q1 2024$153.6MM$139.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.9MM$1.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$442K$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Presidential Savings
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$300k*-Premier Money Market - 50% New Money
OTHER TIERS: 0.05% → $50 - $25k | 1.50% → $25k - $100k | 2.00% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50-Pinnacle Checking
0.02%$50-Senior Checking
0.02%$50-Plus Checking

Watertown Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-4 Month Short Term CD Special w/ Checking
3.80%$1k-7 Month Short Term CD Special w/ Checking
3.25%$1k-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-4 Month Short Term IRA Special w/ Checking
3.80%$1k-7 Month Short Term IRA Special w/ Checking
3.25%$1k-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
0.10%*$25k*-IRA Savings Accounts
OTHER TIERS: 0.05% → $50 - $25k
Locations


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

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