The Savings Bank

The Savings Bank provides personal banking and business banking services at our branch locations in Wakefield, Lynnfield, Andover, Methuen, and North Reading and through online and mobile banking.

In addition to personal and business bank products and services, The Savings Bank offers wealth management and estate planning through First Financial Trust, N.A.

Local. Innovative. Trusted.

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Our Mission

Our mission as a trusted leader is the personalized delivery of innovative financial services by our committed employees, coupled with an unwavering loyalty toward community relationships.

We have remained independent since we opened in 1869, serving our customers and not shareholders, and making decisions locally. Our founders’ vision and legacy still live on in all we do at The Savings Bank. How we do it may have changed, but the core of who we are as a community bank will always remain the same.

Our History

We trace our heritage back to the Bank’s first president, Cyrus Wakefield, who along with other business leaders, petitioned for a charter to open a savings bank to provide the community with a safe place to deposit their money, get a loan to buy or build a house, or secure money for a small business.

Starting with one physical location in 1869, the Bank was chartered as the Wakefield Savings Bank. We now have eight branch locations, plus the 1st Educational Savings Branch at Wakefield High School, the first student-run branch in the nation. In 1989, our name changed to The Savings Bank to reflect our broader geographic footprint.

From our customers
“I found your online banking system very user-friendly. I also would like to mention that the staff in the Wakefield branch are professional and very helpful.”

From our customers
“Such a great support center when you need help, and the technology has kept up. I use Zelle which solved a banking problem I had had for years. The team in Greenwood is absolutely excellent! Thank you all.”

From our customers
“Great people. Great service. Convenient.”

From our customers
“Always helpful whether in the branch or online!”

From our customers
“The employees are knowledgeable, reliable, industrious as well as kind and personable.”

From our customers
“Love Lakeside. Mario and staff always greet me by my first name.”

From our customers
“I mostly use the Methuen branch. All of the tellers have been wonderful and the branch manager is fabulous.”

From our customers
“Their community involvement has made a huge difference in Wakefield over the years.”

From our customers
“Bank personnel are always so willing to help. They always greet us with a smile. In this world today, it makes us feel good!”

From our customers
“I love it here!! Best service all around.”

From our customers
“Competent, knowledgeable, customer-focused, and very warm and friendly employees.”

From our customers
“Banking with The Savings Bank was with me for several years & it will always be my bank forever!!”

From our customers
“The whole banking center experience is excellent. The website is superior to most for my wants/needs to obtain and store on MY own computer our home banking records.”

From our customers
“I basically never have to go to the bank to deposit a check. it can be done from my phone saving me time, trips and gas which means I can focus on other important tasks.”

From our customers
“I am older and appreciate the ease of banking online. I always get good service at the branches I visit.”

From our customers
“I spoke to Theresa today and she was incredibly helpful! That is why I bank with you! The personal touch is what makes the difference!”

From our customers
“Love the tellers at the Lynnfield Center location. Very professional and caring.”

Talk to The Savings Bank

To find out how The Savings Bank can help you achieve all your financial goals, visit one of our branch locationsuse our contact form, or call us at 800-246-2009.

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