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Your Deposits are Insured in Full

WSB is a Member FDIC and Member DIF

An Important Message from Brett Dean, President & CEO, Watertown Savings Bank

The recent events starting with Silicon Valley Bank and the ensuing market volatility have understandably raised concerns about the banking industry. We would like to take this opportunity to reaffirm that all of your deposits at Watertown Savings Bank, in any amount, are fully insured through both the Federal Deposit Insurance Corporation (FDIC) and Depositors Insurance Fund (DIF) for all deposits above $250,000. This means that you can find comfort and peace of mind knowing that all of your funds are fully protected at WSB. 
As a 153 year old community bank, Watertown Savings Bank has had a longstanding commitment to our customers and the communities we serve. As a well-capitalized, mutual savings bank, we do not have shareholders or investors creating pressure for short-term gains. Our customers’ financial security is at the forefront of our actions and mind. 
We are here for guidance and to answer any questions you may have. We invite you to contact Customer Support at 617-928-9000. 
Thank you for entrusting us with your fully insured deposits and for choosing Watertown Savings Bank for all of your financial needs.

--Brett Dean

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--there are no limits. Regardless of the number of accounts or the total funds, Watertown Savings Bank's deposits are safe and secure. Enjoy an extra layer of securityand  peace of mind knowing that all of your deposits are insured thanks to WSB's membership in FDIC and 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. 

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides customers of our bank with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.

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

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