CDs and IRAs
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CDs and IRAs
Our Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) let you earn competitive returns without worrying about market ups and downs. By adding a CD or IRA to your financial mix, you’re choosing steady, dependable growth backed by a bank that knows and cares about its neighbors. Let us help you build a stronger, more secure future together.
Certificate of Deposits (CDs)
Enjoy the comfort of earning a higher rate of interest on your funds while avoiding any risk to your principal. Certificates of deposit are risk-free investments with which to maximize your hard-earned dollars. We offer competitive rates and a broad range of maturity dates. Interest is compounded monthly, or you can opt to have your monthly dividend mailed directly to you.
Individual Retirement Accounts (IRAs)
Developed to provide incentive for people to save for retirement, these accounts offer substantial tax advantages to most citizens. We offer competitive rates and a broad range of maturity dates. While there are certain restrictions to deducting your annual contributions from your federal income tax, interest earned within a standard IRA is not taxed until it is withdrawn.
Certificates of Deposit and IRAs
Effective: January 19, 2026
| Account Type1 | Term | Interest Rate | APR |
|---|---|---|---|
| Special Short Term CD | 3 Month | 3.45 | 3.50 |
| Special Short Term CD | 7 Month | 3.25 | 3.30 |
| Special Medium Term CD | 13 Month | 2.72 | 2.75 |
| Special Long Term CD | 47 Month | 1.98 | 2.00 |
| Additional CDs2 | Interest Rate | APR |
|---|---|---|
| 3 to 30 Month | .10 | .10 |
| 3 to 6 Year | .20 | .20 |
Interest compounds monthly. For more information regarding applicable fees & terms, please speak to a Branch Manager or Customer Service Representative. Rates are subject to change without notice. Minimum balance to earn advertised APY is $50.00. Available for personal accounts only. For CDs and IRAs, a minimum deposit amount of $1,000 is required. A penalty may be imposed for early withdrawal from CD and IRA products.
1Available for a limited time only. You must open and maintain an Active checking account to obtain or renew this account. A checking account is “Active” if not dormant. A dormant account is a checking account showing no activity other than posting interest for a period of greater than 90 days.
2CDs from 3 months to 6 years are also available for IRA CDs, and earn the same annual percentage yield as corresponding CDs. Minimum deposit for IRA CDs is also $1,000.
In Their Own Words
We're thankful to our customers for sharing why they've chosen WSB.
Bob, Watertown
I’m a longtime customer of Watertown Savings Bank. It’s hard to find a place that offers such personalized customer service. They greet me at the door. They know my first name. They know about my family and I know about theirs. I can always count on Antonia and the staff to assist me when needed. WSB is a special place.
Shannon, Waltham
We are lifelong customers of Watertown Savings Bank. It was only natural that our kids’ first savings accounts would be at WSB. They have grown up depositing their savings at their local branch and now manage their accounts online. Watertown Savings Bank has been a great example for them of a local organization doing right by the customer and being committed to the community.
Related Resources
Additional information to support your long-term saving plans.
Deciding between two CD offers can be confusing, but our Compare Two CDs calculator gives you a clear, side‑by‑side comparison to help you pick wisely.
Protect yourself from identity theft by monitoring accounts, safeguarding information, using banking tools and alerts, and contacting WSB if suspicious activity occurs.
WSB offers more than banking, it offers a community. Join other customers in the Club 50 Program.
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