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Limited Time Offer | Special Certificates of Deposit

Earn More with a 4.00% APY CD

Name: Watertown Savings Bank
Address: 60 Main Street, Watertown, MA, 02472, US
Telephone: 617-928-9000

A Competitive Rate Backed by Complete Deposit Protection

Ready to Earn 4.00% APY? Here's How to Get Started

Take advantage of our special 4.00% APY CD* offer with 7-month and 13-month terms. Enjoy predictable earnings, a fixed rate, and the peace of mind that comes from full FDIC and DIF insurance on all of your deposits.

If you have a WSB Checking Account, stop by a branch to open your new promotional CD* and start earning more today.

Man checking his business bank accounts on WSB online while sitting at a cafe.

Step 1: For New Customers, Open a WSB Checking Account

To qualify for our promotional 4.00% APY CD offer, you'll first need to open a WSB checking account.

A checking account establishes your relationship with WSB and unlocks access to this exclusive CD promotion.

Open a WSB Checking Account

Customer and Personal Banker shaking hands.

Step 2: Visit a WSB Branch to Open Your Promotional CD

Once your checking account is open, you can choose the CD term that best fits your goals:

7-Month CD at 4.00% APY
13-Month CD at 4.00% APY

Simply fund your CD, lock in your rate, and enjoy guaranteed earnings for the duration of your chosen term.

Book An Appointment

Frequently Asked Questions About Watertown Savings Bank's CDs

What is a Certificate of Deposit (CD)?

A Certificate of Deposit (CD) is a savings account that pays a fixed interest rate for a set period of time. In exchange for keeping your money on deposit until the maturity date, you can typically earn a higher return than with a traditional savings account.

What CD rates does Watertown Savings Bank currently offer?

Watertown Savings Bank is currently offering a promotional 4.00% APY on both 7-month and 13-month Certificates of Deposit, providing a competitive way to earn guaranteed returns on your savings.

Visit CDs and IRAs to learn more about all of Watertown Savings Bank's CDs offerings.

Is 4.00% APY a competitive CD rate?

Yes. Savers searching for the best CD rates are often looking for opportunities to earn significantly more than a standard savings account. Our promotional 4.00% APY offers a strong combination of competitive earnings, safety, and fixed returns. In addition, Watertown Savings Bank insures all deposits in full. Most banks only offer FDIC insurance up to $250,000. Watertown Savings Bank also offers DIF insurance, which covers all deposits above $250,000. Your money is safe and secure with WSB.

What does APY mean?

APY stands for Annual Percentage Yield. It reflects how much your money can earn over a year, including the effects of compounding interest. APY helps consumers compare savings options and CD rates more easily.

Why choose a CD instead of a savings account?

A CD may be a smart choice if you have funds you won't need right away and want a guaranteed rate of return. Unlike savings account rates, which can change over time, your CD rate is fixed for the entire term.

Are CDs a safe investment?

Yes. CDs are considered one of the safest savings options available because they offer a guaranteed return and are backed by deposit insurance. Many people choose CDs when they want to grow their savings without stock market risk. With Watertown Savings Bank, all of your deposits are insured by FDIC and DIF.

Are my deposits insured?

Absolutely. Deposits at Watertown Savings Bank are protected by both FDIC insurance and the Depositors Insurance Fund (DIF).

What is FDIC insurance?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects eligible deposits up to standard insurance limits at member banks.

What is DIF insurance and why is it important?

The Depositors Insurance Fund (DIF) provides additional protection above FDIC limits. Together, FDIC and DIF coverage insure all deposits in full at Watertown Savings Bank. Simply put, whether you have a modest savings balance or a larger deposit, your money is fully protected.

How long are the CD terms?

This promotional offer at 4.00% APY is available in two terms:

7-Month CD
13-Month CD

These shorter-term options provide the opportunity to earn a competitive rate without committing funds for several years.

How much money do I need to open a CD?

Please contact a WSB Customer Support at 617-928-9000 or visit a nearby WSB branch for current opening requirements and minimum deposit information.

What happens when my CD matures?

When your CD reaches maturity, you'll have options. You may withdraw your funds, renew into another CD term, or discuss other savings solutions with a WSB Personal Banker.

Can I access my money before the CD matures?

CDs are designed to be held until maturity. Early withdrawals may be subject to penalties. Please review the account disclosure for complete details.

Who should consider a CD?

A CD may be right for you if you:

Want a guaranteed return
Prefer low-risk savings options
Have cash you won't need immediately
Are saving for a future purchase or goal
Want protection from market volatility

Why open a CD with Watertown Savings Bank?

Watertown Savings Bank combines a highly competitive 4.00% APY, flexible 7- and 13-month terms, and the added confidence of full FDIC and DIF insurance coverage. It's a simple, secure way to make your savings work harder.

^*Disclosure:

^{Interest compounds monthly. For more information regarding applicable fees & terms, please speak to a Branch Manager or Customer Service Representative. Rates are subject to change without notice. Minimum balance to earn advertised APY is $50.00. Available for personal accounts only. For CDs and IRAs a minimum deposit amount of $1,000 is required. Also, a penalty may be imposed for early withdrawal from CD and IRA products.}
^{1Available for a limited time only. You must open and maintain an Active checking account to obtain or renew this account. A checking account is “Active” if not dormant. A dormant account is a checking account showing no activity other than posting interest for a period of greater than 90 days.}

In Their Own Words

We're thankful to our customers for sharing why they've chosen WSB.

Bob, Watertown

I’m a longtime customer of Watertown Savings Bank. It’s hard to find a place that offers such personalized customer service. They greet me at the door. They know my first name. They know about my family and I know about theirs. I can always count on Antonia and the staff to assist me when needed. WSB is a special place.

Mom and daughter doing their banking at their kitchen table.

Shannon, Waltham

We are lifelong customers of Watertown Savings Bank. It was only natural that our kids’ first savings accounts would be at WSB. They have grown up depositing their savings at their local branch and now manage their accounts online. Watertown Savings Bank has been a great example for them of a local organization doing right by the customer and being committed to the community.