We offer Certificate of Deposit (CD) and Individual Retirement Accounts (IRA) with a wide range of maturity options. They’re the safe, secure way to earn a return on your account.
CD's & IRA's
Watertown Savings Bank CD and IRA accounts are a safe and secure way to earn a higher return on your investment.
A traditional IRA is a deductible personal savings plan that can be used to build a substantial retirement fund with deferred taxes on both principal and accrued interest. Only earned income is eligible for an IRA.
The Roth IRA is a nondeductible IRA that offers tax free distributions. Tax-free earnings allow you to grow your savings at a faster pace than taxable investments. The money you withdraw is yours alone and doesn’t have to be included at tax time.