The Savings Bank

A savings account at TSB can help you save for a rainy day, or plan for retirement. Above all, we have an account for anyone and everyone.

Bank local and earn more.
Kasasa Saver® with a Kasasa Checking® account makes saving effortless. Plus, you can open your account online, anytime.
Click here to learn more.

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Investment Savings

Build your balance with our Investment Savings account. You will receive a higher rate of return as your money grows. Above all, if you maintain a minimum daily balance of $2,500, there are no monthly fees.

Money Market

Our Money Market account is an interest-bearing account that pays you a higher interest rate than a regular savings account. The Savings Bank offers several tiered rate options depending on the amount you deposit and there’s no monthly fee when you maintain your minimum balance.

Companion Savings

Our Companion Savings account pairs with any new CD. Open any new CD, 6 months or longer, and you are eligible to open a Companion Savings of equal or lesser value of the CD for a high yield, no-commitment option.

In addition, you can make as many withdrawals as you’d like from your Companion Savings, and still earn a higher rate. Therefore, you can rest easy knowing that a portion of your money can be accessed at any time, without a penalty.

Statement Savings

Our Statement Savings is a traditional savings account. There are no monthly maintenance fees with a $250 minimum daily balance, or just pay $1 a month.

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

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

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

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

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
“Great people. Great service. Convenient.”

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

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

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

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

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 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
“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.”

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.

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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