Webster Five Cents Savings Bank

Overview / Commentary
136 Thompson Road
Webster, MA 01570

Webster Five Cents Savings Bank is headquartered in WEBSTER and is the 48th largest bank in the state of Massachusetts. It is also the 846th largest bank in the nation. It was established in 1868 and as of December of 2023, it had grown to 137 employees at 7 locations. Webster Five Cents Savings Bank's CD rates are 5X the national average, and it has an A health rating.

Reviews (1)

This Bank Is Terrible! Customer Service Sucks!

I use to bank here for almost 20 years. I went into the lobby last month with a personal check made out to my underage daughter who cannot sign. It was a Webster five cents saving bank check so they gladly cashed it for me. It was for 50.00.

Today I go down there and I had to use the drive thru. I had another personal check made out to my daughter for 50.00. It had the bank's name on it as well. This time the guy tells me, "because you are not a customer we cannot cash a personal check with two parties involved, your daughter and you."

I told him you cashed a personal check last month for my daughter for 50.00. He tells me, "Well maybe they just made an exception."

This bank is trash. They should be ashamed of themselves not cashing their own checks. What's wrong with these people!


Health Grade Components

FDIC Certificate #90297
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.46%
Annual Interest Income$52.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.25B$1.13B
LoansQ4 2023vs Q4 2022$952.3MM$822.8MM
DepositsQ4 2023vs Q4 2022$956.2MM$931MM
Equity CapitalQ4 2023vs Q4 2022$129.6MM$116.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.5MM$9.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.1MM$3.2MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Webster Five Cents Savings Bank; 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.

Webster Five Cents Savings Bank Savings Account Rates

0.92%*$75k*-GrowSavings for Business Account
OTHER TIERS: 0.10% $10 - $10k | 0.15% $10k - $50k | 0.61% $50k - $75k
0.41%*$100k*-PartnerSavings Account
OTHER TIERS: 0.20% $10 - $2.5k | 0.25% $2.5k - $50k | 0.36% $50k - $100k
0.10%$10-GoSavings for Business Account
0.05%$10-Regular Passbook Savings Account
0.05%$10-Holiday Club Account
0.05%$10-GoSavings Account

Webster Five Cents Savings Bank Money Market Rates

0.92%*$100k*-Business Money Market Plus Account
OTHER TIERS: 0.10% $10 - $2.5k | 0.15% $2.5k - $50k | 0.61% $50k - $100k
0.41%*$100k*-Money Market Plus Account
OTHER TIERS: 0.20% $10 - $2.5k | 0.25% $2.5k - $50k | 0.36% $50k - $100k

Webster Five Cents Savings Bank Checking Account Rates

4.28%$10-IOLTA Checking Account
0.20%$2.5k-GrowChecking for Business Account
0.10%*$75k*-PartnerChecking Account
OTHER TIERS: 0.03% $2.5k - $25k | 0.05% $25k - $75k
0.05%$2.5k-GrowChecking Account

Webster Five Cents Savings Bank CD Rates

5.00%$10-11 Month CD Special - New Money
4.14%$10-12 Month CD
4.14%$10-24 Month CD
4.07%$10-6 Month CD
1.79%$10-36 Month CD
1.53%$10-48 Month CD

Webster Five Cents Savings Bank IRA Rates

4.14%$10-12 Month IRA
4.14%$10-24 Month IRA
4.07%$10-6 Month IRA
1.79%$10-36 Month IRA
1.53%$10-48 Month IRA

Webster Five Cents Savings Bank Locations
Webster Five Cents Savings Bank136 Thompson RdWebster, MA 01570
Commercial Street Branch100 Front StreetWorcester, MA 01608
Dudley Branch208 West Main StreetDudley, MA 01571
Shrewsbury Branch261 Grafton StreetShrewsbury, MA 01545
Worcester Branch266 Chandler StreetWorcester, MA 01602
Oxford Branch343 Main StreetOxford, MA 01540
Auburn Branch400 Southbridge StreetAuburn, MA 01501

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