One of the WSB features that I can't go without is the Mobile Banking app. Being a realtor, always being on the go, having two kids, the mobile banking app is so simple and easy to use. I can snap and click to deposit a check. When I shop for my kids for school, I can quickly check my account balance with a touch of a finger. I know it's safe and secure and I don't have to think about it.
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 May 29, 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 impose a surcharge.
Testimonials about Watertown Savings Bank
Crystal P., Realtor and Mom, Watertown
WSB Customers since 2006
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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