Business Savings

Give your money a chance to grow with WSB’s interest-earning accounts! Our Money Market Account combines the convenience and accessibility of limited check writing with tiered, variable-rate interest. Earn a competitive interest rate on Certificates of Deposit (CD) offered in terms of three months to five years. Our business savings accounts are working harder than ever to help your money grow!

Current Rates

 

Business Savings Accounts

Business Savings Accounts

Are you looking for a safe, insured place to build up your company’s savings?  Whether you want a little higher interest rate, the convenience of a monthly statement, or a way to avoid checking account service charges, one of our savings accounts is sure to help you save.

Passbook Savings

  • $10 deposit to open
  • $250 minimum balance requirement
  • Passbook required to make withdrawals

Statement Savings

  • $10 deposit to open
  • $250 minimum balance requirement
  • Easy to read statement with all transaction history
  • Tiered interest rate

Certificates of Deposit

Certificates of Deposit

Maximize the earning power of your savings with complete safety with a competitive interest rate.

  • Available in terms of 91 days to 5 years
  • Generally earn a higher rate of interest than traditional savings accounts
  • Compound interest or credit it to another WSB account
  • Open with as little as $500
  • Notified when your CD matures and automatically renewed following a 10-day grace period after the maturity date

Money Market

Money Market

A Winchester Savings Bank Money Market Account can give you the best of both worlds – earn a competitive rate of interest on your balance, and have the ability to write an occasional check when you need to.

  • $2,500 Opening Deposit
  • No Service Charge with Daily Balance of $2,500
  • $10.00 Service Charge if Daily Balance Falls Below $2,500
  • Tiered interest rate

For more information on Money Market Deposit Account, please contact us.

IRA SEP Accounts

IRA SEP Accounts

A Simplified Employee Pension (SEP) plan allows employers to contribute to traditional IRAs set up for employees. A business of any size, even self-employed, can establish a SEP. It can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. It is easy to set up and has a low annual fee. See our IRA specialist for more details.

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