Watertown Savings Bank (MA) is headquartered in Watertown and is the 34th largest bank in the state of Massachusetts. It is also the 651st largest bank in the nation. It was established in 1870 and as of June of 2019, it had grown to 123 employees at 10 locations. Watertown Savings Bank (MA)'s savings rates are 25% higher than the national average, and it 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 Q2 2019
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 | 0.43% |
| Return on Equity - YTD | 4.08% |
| Annual Interest Income | $18.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.23B$1.17B |
| Loans | Q2 2019vs Q2 2018 | $607.8MM$587.8MM |
| Deposits | Q2 2019vs Q2 2018 | $1.09B$1.03B |
| Equity Capital | Q2 2019vs Q2 2018 | $130.1MM$117.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.4MM$3.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.7MM$2.0MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$51.00K |
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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
Watertown Savings Bank (MA) Money Market Rates
Watertown Savings Bank (MA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $50 | - | Pinnacle Checking | |
| 0.05% | $50 | - | Senior Checking | |
| 0.05% | $50 | - | Plus Checking |
Watertown Savings Bank (MA) CD Rates
Watertown Savings Bank (MA) IRA Rates
| Arlington Branches | ||
|---|---|---|
| Arlington Branch | 980 Massachusetts Avenue | Arlington, MA 02476 |
| Belmont Branches | ||
|---|---|---|
| Waverly Square Branch | 30 Church Street | Belmont, MA 02478 |
| Lexington Branches | ||
|---|---|---|
| Lexington Branch | 1075 Waltham Street | Lexington, MA 02421 |
| Waltham Branches | ||
|---|---|---|
| Waltham Branch | 6 Lexington Street | Waltham, MA 02451 |
| Market Street Branch | 25 Market Place Drive | Waltham, MA 02451 |
| Watertown Branches | ||
|---|---|---|
| East Watertown Branch | 10 Bigelow Avenue | Watertown, MA 02472 |
| Nonantum Branch | 175 Watertown Street | Watertown, MA 02472 |
| Watertown Square Drive Up Branch | 45 Church Street | Watertown, MA 02472 |
| Watertown Savings Bank | 60 Main Street | Watertown, MA 02472 |
| Warrendale Branch | 739 Main Street | Watertown, MA 02472 |