Overview / Commentary
Watertown Savings Bank is headquartered in Watertown and is the 63rd largest bank in the state of New York. It is also the 1,113th largest bank in the nation. It was established in 1894 and as of June of 2019, it had grown to 122 employees at 10 locations. Watertown Savings Bank's CD rates are 13% higher than the national average, and it has an A health rating.
Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15990 |
| Year Established | 1894 |
| Employees | 122 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 8.59% |
| Annual Interest Income | $12.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $677.9MM$652.2MM |
| Loans | Q2 2019vs Q2 2018 | $446.6MM$419.9MM |
| Deposits | Q2 2019vs Q2 2018 | $565.5MM$545.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $107.2MM$97.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $4.5MM$4.1MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $8.0MM$7.6MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $10.00K$37.00K |
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 Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $10k* | - | Health Savings Account | ||
| OTHER TIERS: 0.15% → Up to $5k | 0.25% → $5k - $10k | |||||
| 0.25% | $100 | - | Savings | ||
| 0.25% | $100 | - | Christmas Club | ||
| 0.25% | $100 | - | Vacation Club | ||
Watertown Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $100 | - | MMDA |
Watertown Savings Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year CD | |
| 1.74% | $500 | - | 4 Year CD | |
| 1.64% | $500 | - | 3 Year CD | |
| 1.53% | $500 | - | 2 Year CD | |
| 1.28% | $500 | - | 18 Month CD | |
| 1.02% | $500 | - | 1 Year CD | |
| 0.56% | $500 | - | 6 Month CD |
Watertown Savings Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year IRA | |
| 1.74% | $500 | - | 4 Year IRA | |
| 1.64% | $500 | - | 3 Year IRA | |
| 1.53% | $500 | - | 2 Year IRA | |
| 1.28% | $500 | - | 18 Month IRA | |
| 1.02% | $500 | - | 1 Year IRA | |
| 0.56% | $500 | - | 6 Month IRA |
Locations
| Watertown Savings Bank Locations | ||
|---|---|---|
| Sackets Harbor Branch | 100 West Main Street | Sackets Harbor, NY 13685 |
| Watertown Branch | 101 Commerce Park Dr | Watertown, NY 13601 |
| Adams Branch | 10729 US Route 11 | Adams, NY 13605 |
| Watertown Savings Bank | 111 Clinton Street | Watertown, NY 13601 |
| Chaumont Branch | 12221 Nys Route 12e | Chaumont, NY 13622 |
| State Street Branch | 1816 State Street | Watertown, NY 13601 |
| Clayton James St Branch | 352 James Street | Clayton, NY 13624 |
| Alexandria Bay Branch | 4 Market Street | Alexandria Bay, NY 13607 |
| Clinton Street Branch | 140 Clinton Street | Watertown, NY 13601 |