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.
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: Terms and Rates
| Term | Minimum to Open | Interest Rate | APY |
| Special Short Term CD - 4 Month1, 2 | $1,000 | 1.83% | 1.85% |
| Special Medium Term CD - 16 Month1, 2 | $1,000 | 1.74% | 1.75% |
| Special Long Term CD - 47 Month1, 2 | $1,000 | 2.23% | 2.25% |
CDs from 4 months to 6 years are also available for 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 20, 2020 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 have and maintain an active WSB Checking Account to open this CD and earn the advertised rate. If the account does not remain “active,” the interest rate will be reduced by 1.00% (0.10% when initial rate is 1.00% or less). Active checking account is defined as either direct deposit of your payroll or social security check, or at least five transactions per month within 60 days of account opening.
Review our Current Rates
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
Lisa Marie K., The Diner at 11 No. Beacon
WSB Deposit and Mortgage Customer since 2010
Jennine and Tim H., Infinex Investments, Inc., Customers
Customers for over 20 years
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.
Refer A Friend and Get Rewarded!
Know someone who would want to become a Watertown Savings Bank customer? Tell us! You and your friend could each get up to $200.
Offer details: *The current Watertown Savings Bank (WSB) account holder is to refer a person who will be a new WSB customer (“referral”). The referral is to complete the following two steps for each party to qualify for the FIRST $100 bonus: 1. Open any new WSB checking account with eStatements, which is subject to approval. Minimum deposit at account opening is $10. To open an account, the referral will go to watertownsavings.com and use code: “FRIEND” or visit a WSB branch location and mention code “FRIEND” at the time of account opening. The WSB Free Checking account carries no monthly fee and has no ANNUAL PERCENTAGE YIELD (APY). As of 10/31/2019, the APY for the WSB Plus Checking account is 0.05%. The referral must maintain a minimum daily balance of $50 in the account each day of the statement cycle to obtain the disclosed APY. The referral will earn interest for every day during the period that their account balance equals or exceeds $50. Rates may change at any time before or after the account is opened. Fees may reduce earnings. The Plus Checking account has a $5 monthly fee, which is waived if the referral maintains a minimum daily balance of $100 in the account each day of the statement cycle, or if the referral has a recurring direct deposit. 2. Sets up a recurring direct deposit of payroll and receives direct deposits totaling at least $1,000 or more within 60 days of account opening. The first $100 bonus will be deposited to the current account holder’s WSB account and to the referral’s new WSB Checking account within 4-6 weeks after the foregoing requirements have been met. The current account holder and the referral each qualify for the SECOND $100 bonus, respectively, after the referral completes the following two steps: 1. Use their WSB debit card at least six times within 60 days of account opening. 2. Set up Bill Pay by enrolling in online banking and making at least 1 payment through Bill Pay within 60 days of account opening. The second $100 bonus will be deposited to the current account holder’s WSB account and to the referral’s new WSB checking account within 4-6 weeks after the foregoing requirements have been met.
Offer valid until December 31, 2019. Offer subject to change without notice.
Any taxes due on this gift are the responsibility of the recipient.
The Refer a Friend program discloses that each party has an account at Watertown Savings Bank. To participate both parties agree to waive their rights to privacy in that regard. By submitting this sign up form, you give permission to the bank, in the context of the Refer a Friend program, to make it known to each other that you have an account at Watertown Savings Bank and completed the requirements to receive the bonus described above.
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