CDs & IRAs

Long Term Savings & Retirement Products          See Our CD & IRA Rates

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.

Maturity Options 6 months - 5 years 6 months - 5 years
Minimum Opening Deposit $500.00 $500.00
Monthly Income Options Checkmark icon Checkmark icon
Setup Fees / Service Charges X icon
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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.

With CDARS®, Watertown Savings Bank can offer you multi-million-dollar FDIC insurance coverage on your Certificate of Deposit, up to $50 million. Click here for more information about CDARS.

Traditional IRA
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.

Roth 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.

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Certificate of Deposit

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Traditional IRA