Watertown Savings Bank is a full service, FDIC insured mutual bank headquartered in Watertown, Massachusetts.  The bank was established back in 1870 in an era before electricity, telephones, cars or computers.  The bank currently has over $1.0 billion dollar in assets.  In addition to its headquarters in Watertown, the bank has nine other bank branches in the region.

The bank CDs offer competitively positioned interest rates that allow the account holder the ability to enjoy the comfort of earning a higher rate of interest on the invested funds while avoiding any risk to the principal.  The bank offers competitive rates on these CDs and a broad range of maturity dates.  Interest earned on the bank CDs is compounded monthly or can the bank CD holder can opt to have their monthly dividend mailed directly to them.

Watertown Savings Bank latest CD rates and terms:

The bank offers three special bank CD rates for bank checking account customers.  To open these bank CDs and earn the advertised CD rate the account holder must have and maintain an active Watertown Savings Bank checking account.  If the account does not remain “active” the CD interest rate will be reduced by 1.00%.  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.

Seven month CD rates has a 1.00% APY
27 month yields a rate of 2.00% APY
47 month CD interest rate is 3.00% APY

The bank is also promoting a Special Money Market CD.  This bank CD allows deposits and withdrawals of $1,000.00 + during the term (must be six calendar days between withdrawals). Maximum balance is $500,000.00.

120-Day Money Market CD rate .50% APY

Standard bank CD rates and terms.

Three month CD rate is .50% APY.
Five month CD rate is also at .50% APY.
Six month CD rate, nine month CD rate, eleven month CD rate and one year CD rate are all currently set at .50% APY.
Fifteen month CD rate is .75% APY.
Eighteen month CD rate is also at .75% APY.
Two year CD rate and thirty month CD rates are set at .75% APY.
The three year CD rate, four year CD rates, five year CD rate and six year CD rate are at 1.00% APY.
Bank rates and CD rates are effective through 4/1/09 and are subject to change without notice.  For more information on bank accounts and bank rates, contact the bank at 315-788-7100.  Watertown Savings Bank has a website that holds an assortment information on the various bank products including savings rates, CD rates and other bank rates.  The bank web address can be found at www.wsbny.com.

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2 users commented in " CD Rates in MA with Watertown Savings Bank "

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Anonymous said,
in March 30th, 2009 at 5:36 pm

CD Rates in MA with Watertown Savings Bank…

Watertown Savings Bank is a full service, FDIC insured mutual bank headquartered in Watertown, Massachusetts. The bank was established back in 1870 in an era before electricity, telephones, cars or computers. The bank currently has over $1.0 billion …

in April 3rd, 2009 at 9:26 am

CD Rates in MA with Watertown Savings Bank | SelectCDRates.com – The Leading Industry Tool to Help You Select and Compare the Best CD Rates (Certificate of Deposit Rates), Bank Reviews, Articles, Faq’s, Glossary, Tips, and Historical and Economical …

The bank CDs offer competitively positioned interest rates that allow the account holder the ability to enjoy the comfort of earning a higher rate of interest on the invested funds while avoiding any risk to the principal….

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