Checking
Simple, Transparent, Hassle-Free
Banking should be easy. That’s why our accounts offer great value and cutting-edge digital tools—without hidden fees or surprises. Open your account online in minutes and start banking locally with confidence.
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How can we help you today?
Truly Free Checking
Our most popular checking account. No minimum balance requirements and no monthly service charge – with the added bonus of earning interest on balances over $100.
Senior Checking
Customers over 62 years of age get an extra perk – complimentary standard checks or other check styles at 50% off, so long as you make your order through the bank. Like Truly Free Checking, you’ll enjoy no minimum balance requirements or monthly service charge and you’ll earn interest on balances over $100.
Non-Interest Checking
Our most basic checking account offering. No minimum balance requirements and no monthly service charge.
Bank On Checking
A checking account that meets the needs of those who are just starting their financial journey or could use a second chance – this is a secure and affordable banking solution in partnership with Bank On. Features of this account include: $10 minimum opening deposit, no monthly service charge, waiver of overdraft fees, returned item fees, and more.
All rates effective Wednesday, April 16, 2025 unless otherwise noted and are subject to change without notice.
Personal Checking Accounts
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| Truly Free Checking | 0.03% | 0.03% | $100.00 | $10.00 |
| Senior Checking | 0.03% | 0.03% | $100.00 | $10.00 |
Subject to change without notice. Checking accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.
Checking FAQs
Transfer Account Protection
We will transfer funds from another SBW checking or savings account to cover an overdraft on a checking account.
Overdraft Protection Line of Credit
Our Overdraft Protection Line of Credit is attached to your Savings Bank of Walpole checking account and advances funds to your account if an overdraft occurs.
Speak to one of our Universal Bankers to learn what option works best for you.
You can open an account online right now. Or book an appointment or just drop into one of our convenient locations.
Yes, your account comes with a free Debit Mastercard®. We can even issue one to you instantly at any of our branches.
You have options! Use our mobile app, online banking or give our friendly staff a call. To learn more about personal budgeting, visit our Financial Learning Center.
Nope, no minimum balance is required to open the account, but you do have to add funds within the first 30 days. We suggest depositing $10 to get started. We also don’t have a minimum balance to keep your account free.
You need to be a legal resident of one of our surrounding areas (southwestern New Hampshire, southeastern Vermont, or northern Massachusetts) in addition to being at least 18 years of age, and hold a Social Security number as well as a valid Government issued ID.
Using the Savings Bank of Walpole’s mobile app you can use Zelle® — a fast, safe and easy way to send money in minutes** to friends, family and others you trust**.
**U.S. checking and savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
Zelle® and Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
See What Your Friends And Neighbors Are Saying
Don't Take Our Word For It!
“SBW makes banking easy and their truly free checking is the best. There’s nothing else like it anywhere!”
Pete Smith, Keene
SBW Customer since 2014
