Featured Savings Rates
Featured Accounts

Washington Savings Bank (MA)

Popular Accounts at this Bank

2.48%Reward CheckingInterest Rewards Checking
0.30%Reward SavingsSaver Rewards
1.79%5-year CD60 Month Certificate Special

Overview / Commentary
30 Middlesex St.
Lowell, MA 01852

In 1892, Washington Savings Bank made its first home in Lowell, MA. With the growing success of the Bank, two more branches were added in Dracut and Tyngsboro in 1997 and 1998 to help them better serve the Greater Lowell community.

Now as the community continues to grow and consumers search for more banking options, Washington Savings Bank strives to meet those needs with the community banking perspective their customers have grown to love and innovative products and services that only be found at Washington Savings Bank.

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Reviews (4)

Great Rewards Checking, But Not The Best

I signed up for WSB's interest rewards account three years ago. At the time, they were doing 3% on 10k and 1.5% on the next 15k. Since then, their rates have gone down, other's have gone up, and my account has become inactive.

Besides the fact that they don't have the "best rate in America" anymore, I've got nothing but good things to say about them. They refund other bank's ATM fees, send checks for free and answer calls. One time I wrote a $1000 check to a scammer, and they stayed on the phone with me for an hour and figured out a way to stop the check even though it was Saturday and their system was down.

I've only had to visit the physical branch in Lowell once. I needed a couple of bank checks on short notice. They wrote them up for free.

WSB- you could get my business back so easily! My new bank is giving me 4% on 20k, but they're totally 19th century. Raise your rates!

Great Rates- Beware Hard Credit Inquiry!

This is a great bank with great customer service and the best checking accounts in the country. Even if you aren't a saver, they offer other excellent rewards checking accounts based on debit card or itunes bonuses.

No real complaints about this bank, but beware of the hard credit inquiry. I've heard of those for getting loans, but who ever heard of them for giving?

Also, you have to be a resident of MA or NH to qualify. Highly reccomend this bank.

Great Accounts

Posted by: Anonymous | Aug 26, 2011

I am new to Lowell, MA, and thought Washington Savings Bank had the best deal on their free Interest Rewards checking. If I meet the requirements I get 3% and ATM refunds. Nice friendly people too. I wish their Lowell location had a drive up window though, but I guess that's what you get for a city branch. Saturday hours are great too.

Good Luck!

Posted by: cc72704 | Jun 5, 2012

Small bank which decides when to be open and when to close on their own terms. No ATM access, except on site. ATM deposits and teller deposits (non cash), not available for days on end, resulting in a check to check persons' nightmare.

I had dealt with this bank because the interest on their savings accounts were great (2%), though learned the hard way that a check to check lifestyle is not the one to enjoy this wonderful interest.

Receiving numerous fees from me, you would think this bank would greet me with champagne each time I actually make it to their door. Not the case! I deposited a payroll check from someone I had 1099 work with, to this ultimately bouncing 5 days later. The bank vice president proceeds to threaten me with "check fraud" and that he would notify the police and other authorities. I worked out a payment arrangement in the interim, since I had caught up on bills with thsi money. I was also given a 5 paragraph letter ending with the vice president himself suggesting that I switch banks once my balance is paid.

As a small bank, you would think they would have a heart for people. Not the case with large or small banks, lesson learned.

My suggestion: if you are not an established saver, keep your money under your mattress. You will save more that way than with this bank- besides, you won't be insulted along the way either.


Health Grade Components

FDIC Certificate #90229
Year Established1892
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD4.27%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$220.5MM$213.2MM
LoansQ2 2017vs Q2 2016$167.4MM$157.4MM
DepositsQ2 2017vs Q2 2016$176.5MM$166.2MM
Equity CapitalQ2 2017vs Q2 2016$19.6MM$19.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.3MM$1.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$653.00K$1.0MM
Real Estate OwnedQ2 2017vs Q2 2016$298.00K$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Washington Savings Bank (MA) Savings Account Rates

0.30%--Saver Rewards - Qualifying
0.10%--Christmas Club
0.05%--Passbook Savings
0.05%--Statement Savings
0.05%--Vacation Club
0.05%$50-Business Passbook Savings
0.05%$50-Business Statement Savings

Washington Savings Bank (MA) Money Market Rates

0.56%*$100k*-Money Market Account
OTHER TIERS: 0.05% $10 - $25k | 0.36% $25k - $50k | 0.46% $50k - $100k
0.56%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% $10 - $25k | 0.36% $25k - $50k | 0.46% $50k - $100k

Washington Savings Bank (MA) Checking Account Rates

2.48%*-$10kInterest Rewards Checking
OTHER TIERS: 0.30% $20k+ | 1.00% $10k - $20k
2.48%*-$10kBusiness Rewards
OTHER TIERS: 0.30% $10k+
0.71%*$100k*-Interest Business Checking
OTHER TIERS: 0.25% $10 - $25k | 0.51% $25k - $50k | 0.61% $50k - $100k

Washington Savings Bank (MA) CD Rates

1.79%$25k-60 Month Certificate Special
1.79%$25k-60 Month Business Certificate Special
1.69%$500-49 Month Certificate
1.69%$500-49 Month Business Certificate
1.33%$500-36 Month Certificate
1.33%$500-36 Month Business Certificate
1.27%$500-30 Month Certificate
1.27%$500-30 Month Business Certificate
0.71%$500-24 Month Certificate
0.71%$500-24 Month Business Certificate
0.51%$500-18 Month Certificate
0.51%$500-18 Month Business Certificate
0.41%$500-12 Month Certificate
0.41%$500-12 Month Business Certificate
0.30%$500-9 Month Certificate
0.30%$500-9 Month Business Certificate
0.25%$500-6 Month Certificate
0.25%$500-6 Month Business Certificate
0.10%$500-7-31 Day Certificate
0.10%$500-91 Day Certificate
0.10%$500-7-31 Day Business Certificate
0.10%$500-91 Day Business Certificate

Washington Savings Bank (MA) IRA Rates

0.71%$500-24 Month Fixed Rate IRA
0.51%$500-18 Month Fixed Rate IRA
0.51%$500-18 Month Variable Rate IRA

Washington Savings Bank (MA) Locations
Dracut Branch100 Broadway RoadDracut, MA 01826
Washington Savings Bank30 Middlesex StreetLowell, MA 01852