Consumer

Consumer

Savings is the foundation of your financial well being. Since 1893 WCB has been the cornerstone of that foundation for our customer shareholders. Please take a look at the savings and checking products that are helping our customers meet today’s financial needs in a safe and sound manner. *All of our deposit products offer the safety and soundness of full insurance coverage. Below is additional information about the convenient deposit products that our customers have helped us develop to meet their needs::

19 Church Street
Winchester, MA 01890

(781) 729-3620 Contact Us

Statement Savings Accounts

Our Statement Savings Account offers a convenient and accessible way to save and offers account access through our convenient ATM or Online Banking products. Basic features include:

  • $1.00 Minimum Balance to open Account
  • Access your accounts through Online Banking
  • 24-hour banking - 7 days a week, 877-922-2265
  • No surcharges at our WCB ATM or at any other SUM™ or MoneyPass® ATMs
  • Monthly Statements or eDocuments
  • Non lobby transfers are limited to 6 per monthly statement cycle. ATM Transactions excluded
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

NOW Checking Accounts

The NOW Checking Account is our full-service checking account which allows you to earn interest on your funds while they are accessible by check, ATM, Debit Card or through Online Banking. Basic features include:

  • $1.00 Minimum Balance to open Account
  • Online bill paying - FREE
  • No surcharges at our WCB ATM or at any other SUM™ or MoneyPass® ATMs
  • 24-hour banking - 7 days a week, 877-922-2265
  • A fee of 50¢ per check paid if you go below the $250.00 minimum balance required.
  • Minimum balance and activity fees are waived with direct deposit or under the age of 18 or over the age of 65
  • Monthly statements or eDocuments
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Club Savings Accounts

If your savings needs include planning for a particular event such as holiday shopping or that long-anticipated vacation, let one of our Deposit Specialists assist you in setting up a club account which will include a deposit plan as well as a target date to have your funds available to meet your goal. Basic features include:

  • $1.00 Minimum Balance to open Account
  • Passbook-style account
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Passbook Savings Accounts

Our oldest savings product offers a physical passbook to track savings. Basic features include:

  • $1.00 Minimum Balance to open Account
  • You must come into the bank to update balances.
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Money Market Deposit Accounts

The WCB Money Market Deposit Account offers limited check writing capabilities for those savers looking to earn competitive money market rates on their deposit balances. Click here to find our current Money Market Deposit Account rate. Basic features include:

  • $1.00 Minimum Balance to open Account
  • Up to six checks or non-lobby transfers per monthly statement cycle. ATM Transactions excluded
  • 24-hour banking - 7 days a week, 877-922-2265
  • Monthly Statements or eDocuments
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Term Deposit Certificates (TDC)

Our Term Deposit Certificates generally offer our highest interest rates if you have the flexibility to keep your funds on deposit for the term of the certificate. Please allow one of our Deposit Specialists to assist you in determining the term and interest rate which will assist you in meeting your savings goals. Basic features include:

  • $500 Minimum Deposit to Open Account
  • Terms from 91 days through 36 months are available
  • Penalties may apply for early withdrawal
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Traditional / Roth IRA Term Deposit Certificates (TDC)

WCB can help meet your retirement savings and planning needs with one of our cost-effective term deposit certificates. Whether you are looking to start a new IRA, Roth IRA or are looking to Transfer or Roll-Over your retirement funds from another plan we can provide a safe, Service Charge-free means to grow your retirement nest egg. Basic features include:

  • $1.00 Minimum Balance to open Account
  • 12 and 18 month TDC available
  • Allowed to make weekly, monthly or annual deposits
  • No Service Fee on any of our IRA Plan Accounts
  • You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.

Member Massachusetts Basic Banking

*All deposits are insured in FULL with the combined coverage of the FDIC and the Share Insurance Fund.

For additional details regarding any WCB deposit account, please come into the bank and speak with one of our Deposit Specialists, or call us at 781-729-3620.