Watertown Savings Bank offers a range of deposit products to meet your business needs. Our customer service staff is available to help you decide which product will provide the services you're looking for, with the best value. Please refer to the business deposit rate sheet for fee information on the various accounts. Or, talk with our Business Development office or our Information Desk at 617-928-9000 to learn more.
General Business Checking
with Earnings Credit
Your funds on deposit help you earn valuable credits that are applied towards fees and charges you may incur. These earnings credits are calculated using 70% of the 13 week Treasury Bill as published in the Wall Street Journal on the last business day of each month. Unused earnings credits can be carried over each month, for one full year. At the end of the calendar year the earnings credit balance returns to zero, and the credits begin accumulating again. Fees that can be offset by your earnings credit include:
- Teller deposit fee
- Deposited items fee
- Checks paid fees
- Overdraft charges
- Stop payment fees
- Cancelled checks option fee
This account includes access to WSB's Business Online Banking with Bill Payment. 
Click here to view the current Business Fee Schedule.
Free Business Checking
Designed for businesses with lower volumes of checks and smaller balances, this account includes:
- 15 teller deposits
- 150 deposited items
- 150 checks paid each month
- Unlimited cash deposits
- Unlimited ACH deposits
- Unlimited ACH withdrawals
Online Banking
All accounts include free Basic Business Online Banking where you can quickly and easily view account transactions, make transfers, or pay bills online. For additional online cash management services, please refer to the current Business Fee Schedule.
Community Checking
Available to civic organizations based in Watertown, Waltham, Belmont, Newton, Arlington, and Lexington
Watertown Savings Bank provides this account to local non-profits to assist them with administration costs. The account has no monthly service fee; no fee for deposits or deposited items; provides unlimited checks paid and checks deposited each month.
IOLTA Checking
Interest on Lawyer Trust Account
Watertown Savings Bank provides this checking account to local attorneys to place clients' funds into an interest-bearing account. Interest earned is remitted to the IOLTA committee monthly. ATM and debit card access is not permitted.
Business Money Market
Liquid Funds with Higher Rates
For those businesses looking for higher interest rates on liquid funds, this tiered account might be for you. Basic business online banking is included. There are restrictions on withdrawals and transfers.*
Refer to our current Business Fee Schedule for service charges on the above accounts. Speak with a Customer Service Representative or contact our Information Desk at 617-928-9000 to find out more.
*Limited to six total withdrawals.
