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Supporting Veterans and Active Duty Members

When it comes to our veterans and military families within the communities we serve, supporting them and their financial needs is a mission that is important to us. Here at The Savings Bank we are dedicated to offering products and services to help our service members and their families manage their money.

We have the accounts and tools you need to manage your money, no matter where your life, or military career, takes you.

SupportVeterans

Kasasa Checking

With Kasasa Cash¹ or Cash Back Checking² you can choose your rewards on a checking account that has no monthly service fee.

You earn either earn a 3.00 % APY* on balances up to $14,999, OR earn cash back on the banking you do everyday. That’s real cash in your account every month — all you have to do is select the option for you. Plus your ATM fees will get refunded, nationwide, and you can access your account online, anytime with Online and Mobile Banking.

To qualify for our highest rate or the maximum cash back, the following transactions and activities must post and settle to your Kasasa Checking account during each Monthly Qualification Cycle†:

  • At least 1 direct deposit or ACH payment transaction
  • 12 or more debit card transaction
  • Enrolled in and receiving eStatements

And if you don’t meet these qualifications, don’t worry — your account is still free and you’ll still earn our base rate. Plus, you can get right back to earning your full rewards the very next cycle that you qualify.

Looking for a simple checking account? We also offer Basic Checking. All our checking accounts are free, and can be opened and accessed online or in person. Click here for details.

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Who we are

The Savings Bank is a true community bank, dedicated to serving our customers with products and services you would expect from a big bank, and the customer support and personal service you get from banking locally.

We prioritize getting to know you as more than just a customer, so we can anticipate and meet all your banking needs with a personalized commitment. It’s been that way since we first opened our doors in 1869. Our dedicated employees live and work locally, and we have a strong commitment to supporting programs that help our local communities grow.

With state-of-the-art banking technology as well as nine locations in Wakefield, Lynnfield, North Reading, Andover and Methuen, you can bank when they want, where you want, and have someone to talk to when you have a question, including at our Call Center and through Live Chat.

Safety and security are at the forefront of all we do.
Deposits at The Savings Bank are insured IN FULL through a combination of insurance provided by the Federal Depositors Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). Our programs include real-time account alerts, and the ability to monitor all debit card activity and turn debit cards on and off. The Savings Bank also has extensive resources focused on cybersecurity to safeguard our customer banking and personal information.

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

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

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 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
“Always helpful whether in the branch or online!”

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

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
“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
“Great people. Great service. Convenient.”

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 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.”

*Annual Percentage Yield (APY) for Kasasa cash and Kasasa Saver and rates effective 11/30/2022. Subject to change without notice. Service fees may reduce earnings on the account.

1 Kasasa Cash
Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle†, (1) You will earn a high tiered rate and (2) you will receive reimbursements for nationwide ATM surcharges imposed by other financial institutions incurred during the Monthly Qualification Cycle in which you qualified. Restrictions apply. When Kasasa Cash qualifications are not met, all balances in the account earn our standard account rate and ATM surcharges are not refunded. Interest and ATM surcharge reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

2 Kasasa Cash Back
Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle†, you will receive: (1) our current cash back limit on debit card purchases that post and settle to the account during that cycle period. The maximum cash back may be earned per Monthly Qualification Cycle and (2) you will receive reimbursements for nationwide ATM surcharges imposed by other financial institutions incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash Back qualifications are not met, no cash back payments are made, and ATM surcharges are not refunded. Cash back payments and ATM surcharge reimbursements will be credited to your Kasasa Cash Back account on the last day of the current statement cycle. Rates and rewards are variable and may change after account is opened.

Additional Information for Kasasa Cash and Kasasa Cash Back: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $50 minimum deposit is required to open the account. Enrollment in electronic services (e.g., online banking, electronic statements) and log-ons are required to meet the account’s qualifications. Customers not meeting account requirements may be moved to another account after twelve (12) qualification cycles. Limit one account per social security number.

Talk to The Savings Bank

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

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