Business Savings
Saving options to help grow your business
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Business Savings Accounts
Every business needs a strong foundation, and that includes smart savings. Watertown Savings Bank offers business savings accounts that make it easy to stay prepared whether you’re planning for growth, setting aside funds for future expenses, or simply building a cushion. With competitive rates, flexible options, and local support you can count on, we’re here to help your business reach its goals, one smart move at a time.
This popular savings account offers businesses a higher-yielding rate of interest and provides the option to write a check when needed.
*See chart below for more details
Receive a tiered rate of interest depending on the account balance. This statement account allows 24-hour access to funds via ATM, Business Online Banking, or the WSB Business Mobile Banking app.
*See chart below for more details
Certificates of Deposit (CDs) for Businesses Account: Earn a competitive rate of interest on your business funds with absolutely no risk. You can choose terms of three, six or twelve months.
Security Deposit Trust Account: As a landlord, you are required to keep a tenant's security deposit in a separate, interest-bearing account in Massachusetts.
*See chart below for more details
Business Savings Account Comparison Chart
Let's Find the Account that Works for You
Certificates of Deposit (CDs) for Business Account
| Term | Minimum to Open | Interest Rate | APY |
|---|---|---|---|
| 3 Month Business CD | $50,000 | .10% | .10% |
| 6 Month Business CD | $10,000 | .10% | .10% |
| 12 Month Business CD | $10,000 | .10% | .10% |
Business Savings Accounts Interest Rates:
Effective: January 19, 2026
| Account Name | Interest Rate | APY | Minimum to Obtain Advertised APY |
|---|---|---|---|
| Free Checking | .05% | .05% | $50+ |
| Plus Checking | .05% | .05% | $50+ |
| Pinnacle Checking | .05% | .05% | $50+ |
1 APY is Annual Percentage Yield. Interest compounds monthly. Rates may change without notice. Fees may reduce earnings. Penalties are applied to withdrawals made prematurely from Certificates of Deposit. See the Truth-in-Savings disclosure for further information.
2 Other banks may impose a surcharge
In Their Own Words
We're thankful to our customers for sharing why they've chosen WSB.
Crystal, Realtor, Watertown
One of the WSB features that I can't go without is the Mobile Banking app. Being a realtor, always being on the go, having two kids, the mobile banking app is so simple and easy to use. I can snap and click to deposit a check. When I shop for my kids for school, I can quickly check my account balance with a touch of a finger. I know it's safe and secure and I don't have to think about it.
Lisa, Restaurant Owner, Watertown
What I love about Watertown Savings Bank is their confidence in me and commitment to me. If you had asked me years ago if I would be owning a business in the town I was born and raised in, I would have said that is my outmost dream. And Watertown Savings Bank made it come true.
Tina, Salon Owner, Newton
Watertown Savings Bank is my go-to for my business and personal accounts. I can access my accounts on-the-go whenever I need to. It’s convenient and secure. I also enjoy going into the Warrendale Branch! It feels like meeting up with old friends. I wouldn’t do my banking anywhere else.
Pete and Krysta, Burlington
As a young family from the area, it’s heartwarming to see how involved Watertown Savings Bank is in the community. It sponsors many family and neighborhood events, it supports local schools and nonprofits in art, education, and more. We’re proud to be Watertown Savings Bank customers.
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