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.


 CD IRA
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
 X icon

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.

CDARS
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.

Couple taking selfie and holding up keys in front of new house.
Certificate of Deposit

Mature couple wearing sweaters, outdoors.
Traditional IRA