Savings, CDs, and IRAs
Saving money shouldn’t be complicated.
That’s why we offer several easy-to-use account options – one of which is sure to meet your needs.
Get started
How can we help you today?
Tiered Savings
Build your savings while always having access to your funds. You’ll earn tiered interest on balances over $100.
Easy Access Savings
Just like our Tiered Savings but with the added bonus of having “easy access” to your funds through a Debit Mastercard®.
Goal-Setter Savings
Save a little each week or month for a special event, down payment, holiday or vacation, while earning interest and you’ll easily reach your savings goal. Keeping savings for a short-term goal separate from your other accounts makes it easier to see your progress. And automating transfers helps keep you on track!
Youth Savings
A statement savings account specially designed for children and young adults under the age of 18.
Money Market
Save for the future and make your money work harder for you, while still having easy access to your funds online or by check.
Certificates of Deposit
We offer a variety of CD options to help you achieve your longer-term savings goals. We offer a selection of terms, competitive interest rates, and our personalized service to assist you in making the right choices for your financial needs.
IRAs
Savings Bank of Walpole offers three types of individual Retirement Accounts (IRAs):
- Traditional IRA
- Roth IRA
- Simplified Employee Pension Plan (SEP)
Individual Retirement Plans are available in the form of CD’s or Savings Accounts and allow for Online Banking access.
Personal Savings Accounts
All rates effective Tuesday, February 18, 2025 unless otherwise noted and are subject to change without notice.
Tiered Savings
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| $100 to $2,499.99 | 0.05% | 0.05% | $100.00 | $10.00 |
| $2,500 to $9,999.99 | 0.05% | 0.05% | $2,500.00 | $10.00 |
| $10,000 to $24,999.99 | 0.05% | 0.05% | $10,000.00 | $10.00 |
| $25,000 or more | 0.05% | 0.05% | $25,000.00 | $10.00 |
Easy Access Savings
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open |
|---|---|---|---|
| 0.05% | 0.05% | $100.00 | $10.00 |
Youth Savings
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open |
|---|---|---|---|
| 0.05% | 0.05% | $1.00 | $1.00 |
Be Your Own Lender
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open |
|---|---|---|---|
| 0.05% | 0.05% | $100.00 | $2.00 |
Goal Setter Savings/GOALS
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open |
|---|---|---|---|
| 0.05% | 0.05% | $2.00 | $2.00 |
Money Market
All rates effective Tuesday, February 18, 2025 unless otherwise noted and are subject to change without notice.
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| $1,000 to $9,999.99 | 0.20% | 0.20% | $1,000.00 | $500.00 |
| 10,000 to $24,999.99 | 0.35% | 0.35% | $10,000.00 | $500.00 |
| $25,000 to $99,999.99 | 0.40% | 0.40% | $25,000.00 | $500.00 |
| $100,000 to $249,999.99 | 0.50% | 0.50% | $100,000.00 | $500.00 |
| $250,000 or more | 0.60% | 0.60% | $250,000.00 | $500.00 |
Certificate of Deposit and IRAs
All rates effective Tuesday, February 18, 2025 unless otherwise noted and are subject to change without notice.
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| 3 Month | 0.10% | 0.10% | $500.00 | $500.00 |
| 6 Month | 4.12% | 4.20% | $500.00 | $500.00 |
| 1 Year | 3.20% | 3.25% | $500.00 | $500.00 |
| 18 Month | 2.96% | 3.00% | $500.00 | $500.00 |
| 2 Year | 0.30% | 0.30% | $500.00 | $500.00 |
| 3 Year | 0.40% | 0.40% | $500.00 | $500.00 |
| 5 Year | 0.45% | 0.45% | $500.00 | $500.00 |
Saving, CD, and Retirement Calculators
Saving, CD, and Retirement FAQs
You can open an account online right now. Or book an appointment or just drop into one of our convenient locations.
We have our Easy Access Savings account which allows for a free Debit Mastercard®. We can even issue one to you instantly if you need it right away.
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.
Just a low $10 minimum deposit is required to open an account.
Interest will begin to accrue with a minimum $100 daily collected balance
You need to be a legal resident of southwestern New Hampshire or southeastern Vermont, be at least 18 years old, have a Social Security number and a valid Government Issued ID.
When you have online banking it is easy to hit your savings goals with automatic transfers. For help, please use our savings calculators or visit our Financial Learning Center.
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!
“A friend who is new to the area recently asked me if I could recommend a local bank, and I found myself going on and on about how incredible SBW is. I never thought I’d be so enthusiastic about a financial institution, but here we are.”
Mark R., Keene
SBW Customer since 2011
