Sandy [Penchansky, CFP] has been our Financial Advisor for over 20 years. He explains everything to us and we trust him a lot. We don't have to worry about where our money is. If we call, he always calls us back right away. We've met his family and his wife. He's a very easy person to talk to and he truly cares about us.
CDs and IRAs
Build your savings with our high-interest CDs
CDs and IRAs Details
CDs and IRAs allow you to save over a period of time without exposure to market volatility. Diversify your investments portfolio by adding CDs and/or IRAs to it. It is a secure way to ensure growth over a period of time.
CDs: Special Terms and Rates
| Term | Minimum to Open | Interest Rate | APY |
| Special Short Term CD - 3 Month1, 2 | $1,000 | .10% | .10% |
| Special Medium Term CD - 16 Month1, 2 | $1,000 | .40% | .40% |
| Special Long Term CD - 47 Month1, 2 | $1,000 | 1.00% | 1.00% |
CDs from 6 months to 6 years are also available for Regular and IRA CDs, and earn the same annual percentage yield as corresponding CDs. Minimum deposit for IRA CDs is also $1,000.
1The Annual Percentage Yield (APY) is effective as of January 24, 2022, and available for a limited time only. A penalty may be imposed for early withdrawal. CD minimum deposit amount of $1,000 required. There is a $50 minimum to earn the advertised APY.
2You 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.
Review our Current Rates on all WSB accounts
Related Services
Enjoy the ease and convenience of managing bank accounts, transferring money, and paying bills online by logging into your WSB Online account on watertownsavings.com.
1. Account Monitoring: Access your account balances, account history, statements, check images
2. Bill Payments: manage the payments and keep a history of your transactions.
3. Send Money to your Contacts: Use Popmoney to send money to your friends and family using their email address or phone number, without having to exchange account information.
4. Transfer money between your accounts: Quickly move money between your WSB accounts or transfer funds to other financial institutions through External Transfers.
5. Create Customized Alerts: Be in control of your accounts and banking activities by setting up alerts
6. Fill out Secured Forms: Submit Change of Address, Travel Notification, or Special Overdraft Service Opt-in/Opt out documentation through Secured Forms
Learn MoreEnjoy banking convenience on the go from your mobile device. Take advantage of exclusive mobile features and access key benefits of WSB Online on the go.
- Control your cards by turning them 'on' and 'off'
- Save time with mobile check deposits
- Never miss a bill payment - take a picture to pay for it
- Send and receive payments using Popmoney
- Make external account transfers
- Transfer money between your accounts
- Check your account balances
- Find the nearest ATM location
- Change your password
Download the WSB Money app onto your iPhone or the WSB Mobile Banking app on your Android phone.
Apple Pay, Android Pay, and Samsung Pay offer an easy and secure way to pay with your WSB debit card. Enjoy the convenience of just waving your mobile device over a merchant’s payment terminal at checkout.
- Shop Securely: Get the same fraud protection as you would when using your physical WSB debit card. In addition, with Apple Pay and Android Pay you get fraud protection as well as an added layer of security to protect your personal information when payments are processed.
- Where to Shop: Accepted almost anywhere, you can use Apple Pay, Android Pay, and Samsung Pay at merchants where mobile payments are accepted, in stores and online.
Learn More
Email it. Text it. Pay people with Popmoney®. The Popmoney personal payment service lets you send money to friends, family, or almost anyone from your mobile device. All you need is their name and email address or mobile number to move money from your bank account to theirs in seconds.
It is just as easy as other payment services, with the added bonus of being secure! Send and receive money directly to and from a banking institution and not a third-party provider.
Find Popmoney on the WSB Mobile Banking App under Payments or when you log in to your WSB Online account.
Learn MoreTake Control of your Mastercard Debit Card with the Cards feature on your WSB Mobile Banking app
Enjoy the ability to control your card at your fingertips:
- Turn your debit card ‘on’ and ‘off’
- Control spending by setting transaction and location limits
Get peace of mind knowing you can control all your debit cards from your phone through the WSB Mobile Banking app
Learn MoreTestimonials about Watertown Savings Bank
Jennine and Tim H., Infinex Investments, Inc., Customers
Customers for over 20 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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