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!

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.