Statement Savings
- $10 Deposit to Open
- No Monthly Maintenance Service Charge
- Earns Interest
- Unlimited transfers
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Open an account online or contact your local branch today.
Safe, Convenient, and Tailored to You
Personal 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.
Find the Right Savings Account for Your Financial Goals
Reach your financial goals with a personal savings account from Winchester Savings Bank. Our savings solutions can help you prepare for a major purchase, build an emergency fund, or teach children the value of saving. As a trusted Massachusetts community bank, we offer secure savings accounts, convenient digital banking, and personalized service.
Choose from savings options designed for everyday saving and long-term financial goals. With online banking, mobile banking, and local branch support, you can conveniently manage and grow your money. Explore our savings accounts to find the right fit for your needs.
Learn More About Our Personal Savings Options
Our 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. It has multiple tiers providing you with the optimal rate for your deposited funds. You can open our Money Market Account and start earning interest with a deposit of $2,500.
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.
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
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? Are you planning a vacation for next summer? Open a Club account, make regular deposits, and the funds will be transferred to your WSB deposit account in October.
Please visit any of our locations to open a Club Account.
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 contributions 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.
- Rollover and transfer contributions are available.
Please visit any of our locations to open an IRA.
Current Rates
At Winchester Savings Bank, we are dedicated to providing our customers with savings and investment products that offer real value, along with the courteous one-on-one service you can only find at a true community bank.
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Benefits of Saving with Winchester Savings Bank
Local Community Banking Experience
For generations, Winchester Savings Bank has helped individuals and families throughout Massachusetts achieve their financial goals. Our commitment to personalized service allows us to provide banking solutions tailored to the needs of our local communities.
FDIC Insurance Protection
Eligible deposits are FDIC insured up to applicable limits, giving you confidence that your money is protected while you work toward your savings goals.
Convenient Branch & Digital Access
Whether you prefer in-person banking or digital account management, you'll have access to the tools you need. Visit a local branch, use online banking, or manage your accounts through mobile banking whenever it's convenient for you.
Customer-Focused Service
Our experienced team is available to answer questions, explain account options, and help you select the savings account that best supports your financial objectives.
Savings Account Features & Digital Banking Tools
Managing your savings account should be simple. With Winchester Savings Bank's digital banking services, you can stay connected to your accounts anytime.
Features include:
- Online account access
- Mobile banking capabilities
- Internal account transfers
- Balance and transaction monitoring
- Account alerts and notifications
- Secure digital statements
These tools make it easier to track progress toward your savings goals while maintaining full control of your finances.
Frequently Asked Questions About Savings Accounts
A statement savings account is often the best place to start. It provides a secure way to save money while building healthy financial habits and working toward future goals.
Opening deposit requirements vary by account type. The minimum deposit varies from $10 to $2,500 depending on the account type. Contact Winchester Savings Bank or review account details for current requirements.
