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Your Deposits are Insured in Full

WSB is a Member FDIC and Member DIF

Watertown Savings Bank is proud to be a member of the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). This means that all WSB customers' deposits are insured in full. Regardless of the number of accounts or the total funds, Watertown Savings Bank's deposits are safe and secure. Enjoy an extra layer of security peace of mind knowing that all of your deposits are insured thanks to WSB's membership in DIF.

Not many banks qualify for DIF Insurance. In fact, many local banks recently acquired by larger banks are no longer eligible to offer DIF Insurance.

All types of bank deposit accounts are covered, including savings accounts, checking accounts, certificates of deposit (CDs), money market deposit accounts, and retirement deposit accounts. The first $250,000 per depositor is insured by FDIC. All deposits above the FDIC insurance limits are insured by DIF. 

"No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF." source: Depositors Insurance Fund

Both FDIC and DIF take precaution in monitoring their Bank Members' financial health. Formal examinations are conducted by the FDIC and the Massachusetts Division of Banks and the DIF evaluates its members' financial reports regularly. 

As a customer of Watertown Savings Bank, you can feel confident banking with us and we thank you for trusting us with your hard-earned funds. 

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Learn more about FDIC:

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Depositors Insurance Fund (DIF)  
Federal Deposit Insurance Corporation (FDIC)

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