Watertown Savings Bank
TODAY'S FEATURED RATES
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.54%
Our Rating
4.3
/ 5
Peak Bank
Envision High Yield Savings
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.20%
Our Rating
3.6
/ 5
Jenius Bank
Jenius Savings Account
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
3.80%
Our Rating
4.3
/ 5
SoFi® Bank, N.A.
SoFi Checking and Savings
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.30%
Our Rating
4.2
/ 5
CIT Bank
Platinum Savings
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.46%
Our Rating
4.0
/ 5
Vio Bank
Cornerstone Money Market
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
3.70%
Our Rating
4.3
/ 5
American Express®
High Yield Savings Account
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.50%
Our Rating
4.1
/ 5
BrioDirect
High-Yield Savings
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.39%
Our Rating
3.1
/ 5
Valley National Bank
High-Yield Savings Account Via Raisin
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 3/15/2025
4.25%
Our Rating
3.7
/ 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3
/ 5
SoFi® Bank, N.A.
SoFi Checking and Savings
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
Watertown Savings Bank is headquartered in WATERTOWN and is the 57th largest bank in the state of New York. It is also the 1,132nd largest bank in the nation. It was established in 1894 and as of December of 2024, it had grown to 124 employees at 10 locations. Watertown Savings Bank has a B+ health rating.
Health
B+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15990 |
| Year Established | 1894 |
| Employees | 124 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 8.25% |
| Annual Interest Income | $36.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $902.3MM$895.6MM |
| Loans | Q4 2024vs Q4 2023 | $554.2MM$513.3MM |
| Deposits | Q4 2024vs Q4 2023 | $743MM$753.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $153MM$135.8MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $5.9MM$6.1MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $8MM$2.3MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $283K$272K |