The Savings Bank

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Business Savings

Maximize your business earnings with help from The Savings Bank.

Your deposits are insured in full through a combination of insurance from the FDIC and DIF.

Business Deposits

Business Money Market

Consider a Business Money Market account for your small business and earn a competitive rate on your balance.

  • Competitive tiered interest rates
  • Low minimum daily balance
  • Check writing capabilities
  • Accessibility to funds with no withdrawal penalties

SEP IRA

Simplified Employee Pension (SEP) plans can provide a significant source of income at retirement by allowing self-employed individuals or small business owners to set aside money in retirement accounts for themselves and their employees.

Deposit Insurance

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). Click for information about Deposit Insurance.

Deposit Rates
Business Online & Mobile Banking
Deposit Insurance

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
“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
“Great people. Great service. Convenient.”

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

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

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

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

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

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

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

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 locations, use our contact form, or call us at 800-246-2009.

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We are aware that customers may have been affected by debit card fraud. If you believe you have been impacted, please shut off your debit card through your mobile app and contact us immediately at 800-246-2009.
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