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Washington Savings Bank Interest Rewards Checking Account

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APY 0.20% Image
Min. Deposit $10 Image

Last updated on 2023-12-18

Washington Savings Bank Interest Rewards Checking Account Review

Pros Pros

Decent yields for checking account

Conditions to qualify for higher APY reasonably easy to fulfill

Convenient online banking

ATM reimbursements

No monthly fee or minimum balance requirements

Cons Cons

Only 2 physical branches based in Massachusetts

Account only for Massachusetts and New Hampshire residents

Tiered yields result in highest yield of 1.02% APY only for first $10k deposit

Lower APY if any of conditions not met

Deposit Details Washington Savings Bank Checking Account APY

Free checking that pays high interest when monthly qualifications are met

Account only for customers who live in Massachusetts - Andover, Dracut, Chelmsford, Lowell, Methuen, Tewksbury, Tyngsborough Westford and New Hampshire - Hudson, Nashua, Pelham, Salem

$10 minimum deposit to open an account

No minimum balance to earn rewards

No monthly service fees

Unlimited check writing

Free Mastercard EMV debit card with ID Theft Monitoring

Free digital banking services

 

Deposit Interest Rates Washington Savings Bank Checking Account Yield Computation

  Interest Rate
First $10k 0.20% APY
Next $10k Up to 0.20% APY
Above $20k Up to 0.20% APY

 

Receive up to 0.20% APY every month on the first $10,000 in your interest rewards checking account when you

1. Make at least 12 debit card purchases

2. Make at least 1 ACH transaction (deposit or withdrawal)

3. Be enrolled in and agree to receive eStatements

 

Highest possible yield is 0.20% APY with $10,000 deposit

Earn 0.05% APY for the month if any of the above qualifications aren't met

Earn nationwide ATM fee refunds up to $15/month when qualified

 

Click here to go to Washington Savings Bank website for more details

 

About Bank About Washington Savings Bank

Washington Savings Bank is a community bank with 2 physical branches in Massachusetts. Online banking is available via app or website for all customers

Washington Savings Bank can be contacted via contact form on their website or phone support at (978) 458-7999

Washington Savings Bank is a member of FDIC which covers the aggregated deposits of a depositor to up to US$250,000

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