I started out at WSB as a part-time teller. I quickly learned what a supportive environment it was. The Bank invested in my Master's education, sent me to the New England School of Financial Studies, and supported my growth to the current position I'm in. Applying for that first position was the best decision I could have made. For those looking at opportunities at Watertown Savings Bank I'd say, give it a shot.
Business Savings
Do more for your business
Business Savings Accounts Details
Businesses of all sizes enjoy knowing that funds on deposit are insured beyond the FDIC limits here at Watertown Savings Bank. The Massachusetts-based Depositors Insurance Fund covers all funds, not covered by the FDIC. There are three options for businesses that want a safe place for their non-working capital.
Business Online: Manage your business accounts on the go
We value your time and commitment to growing your business. With the Business Online platform, take advantage of features like balance inquiry, funds transfers, reporting, and more!
Get started! Submit your Business Online Application
Business Savings Accounts Interest Rates: (As of March 20, 2023)
| Account Name | Interest Rate | APY | Minimum to Obtain Advertised APY |
|---|---|---|---|
| Business Money Market | .05% | .05% | $50+ |
| Presidential Business Savings | .05% | .05% | $50+ |
| Security Deposit Trust Account | .05% | .05% | $50+ |
APY is Annual Percentage Yield. Interest compounds monthly. Rates may change without notice. Fees may reduce earnings. Penalties are applied to withdrawals made prematurely from Certificates of Deposit. See the Truth-in-Savings disclosure for further information.
1Other banks may also impose a fee.
Testimonials about Watertown Savings Bank
Randy Buck, SVP HR, IT and Compliance
WSB Executive for over 30 years
Lisa Marie K., The Diner at 11 No. Beacon
WSB Deposit and Mortgage Customer since 2010
We were nervous about buying a house; it's such a huge purchase. But we had such a smooth and easy experience at Watertown Savings Bank. We sat down with the Vice President and just had a conversation. They made us feel so comfortable with the process. Now, I have the most beautiful home I could have ever hoped for! And I thank Watertown Savings Bank for that.
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