Save or Pay Off Debt

The Save or Pay Off Debt calculator helps you compare the impact of directing extra money toward savings versus paying down debt. It evaluates factors such as interest rates, account growth, and repayment timelines to show which option may better improve your financial situation. Whether you’re aiming to reduce debt faster or grow your savings, this calculator provides clear, personalized insights to support confident, informed financial decision-making. We invite you to meet with our Personal Bankers to discuss your savings needs. To help you track your monthly savings we encourage you to use WSB Online Banking or the WSB Mobile Banking app.

^{Disclaimer: The results are illustrative and hypothetical in nature. Please consult a qualified financial professional for assistance.}

Watertown Savings Bank has been a mutual savings bank since 1870. That means our focus is simple — it’s on our community, not Wall Street or quarterly profits. Our long-term customers would attest that banking feels personal, because it is. From helping families save for what matters most, to helping families buy homes, and local business grow. Your funds at WSB are fully protected--through the FDIC and the DIF. We invite you to open an account with Watertown Savings Bank; you'll be proud to be part of a community institution.