Personal Savings

Are you looking for a safe, insured place to build up your savings?  Whether you want a little higher interest rate, the convenience of a monthly statement, or a way to target your savings for a vacation or the holidays, one of our savings accounts is sure to help you save.

Current Rates


Personal Savings Accounts

Passbook Savings

The most traditional form of savings account, a Passbook Savings account provides you with a small book into which your transactions are recorded by Bank personnel.  Since withdrawals can only be made in a branch, setting up a regular direct deposit to this account will make saving money easier than ever. There is a minimum balance requirement.

Statement Savings

Our Statement Savings account is ideal for those who are just starting to save as well as those who have been saving for a long time.  It has a tiered interest rate structure, so as your balance grows, you can be sure to get the best statement savings rate available from Winchester Savings Bank.  There is a minimum balance requirement, and there are limitations on the number of preauthorized transactions and Internet Banking transfers. Connect this account to your Winchester Savings checking account, and protect yourself from the occasional overdraft.

Certificates of Deposit

Certificates of Deposit

Whatever your situation, we offer a variety of terms to fit your needs. Many people create a ladder of investments by using some short, some moderate and some long terms. From 91 days to five years, you can choose the best term for your situation.

Holiday Club or Vacation Club

Holiday or Vacation Club

A Winchester Savings Bank Club account is an excellent way to save for a specific purpose.  Do the holidays always take a bite out of your budget?  Set up regular deposits into a Holiday Club account to save for those presents and parties at the end of the year.  Are you planning a vacation for next summer? Open a Vacation Club account and by May, you’ll have your trip paid for.


Individual Retirement Accounts

Prepare for a comfortable retirement, or reach other major financial goals, with the help of an Individual Retirement Account.

Traditional IRA

  • Account can be opened and funded with contributions based on your earned income and age.
  • Contributions may be tax-deductible, and earnings are tax-deferred until withdrawn.
  • Funds are always available, something not generally true of employer plans.
  • No minimum contribution required in any year.
  • Rollover and transfer contributions1 are available.

Roth IRA

  • Contributions are not deductible, but earnings grow tax-free.
  • Higher income ceiling for contributions than Traditional IRA.
  • Contributions allowed in addition to your 401(k) plan.
  • Ability to withdraw contributions without penalty at any time.
  • Rollover and transfer contributions are available.

IRA Rollovers & Transfers

IRA Rollovers & Transfers

Prepare for a comfortable retirement, or reach other major financial goals, with the help of an Individual Retirement Account.

Consolidate your IRA.

If you’re changing jobs, involved in a layoff or retiring, you will have to carefully weigh your options as you make decisions about money in a 401k or other retirement plan. The decisions you make with these retirement accounts affect you long after you have adjusted to a new career, job or retirement.

Our Financial Consultants with WSB Investments Group* will help you determine:

  1. Which investment choices are appropriate for your age, risk tolerance and objectives.
  2. How you may be able to save for your retirement above and beyond an IRA Rollover.
  3. Which rollover options best meet your needs.
  4. How your choice of savings plans will affect the options available to your beneficiaries.

*Investment and insurance products and services are offered through INFINEX INVESTMENTS, Inc.  Member FINRA/SIPC.  WSB Investments Group is a trade name of the bank.  Infinex and the bank are not affiliated.  Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate.  These products are subject to investment risk, including the possible loss of value.

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