Bank · FDIC insured
The Savings Bank
A $891M bank headquartered in Wakefield, MA, with 8 branches in Massachusetts. Best rates: CDs 4.25% and savings 0.10% APY.
The Savings Bank Carrot Score
80
Carrot Score
Higher than 51% of U.S. banks and credit unions
#61 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About The Savings Bank
Chartered in 1869 as Wakefield Savings Bank, the institution changed its name to The Savings Bank in 1989 to reflect its broader geographic footprint.
The independent community bank operates eight branch locations across Wakefield, Lynnfield, North Reading, Andover, and Methuen, Massachusetts.
- Headquarters
- 357 Main St, Wakefield, MA 01880
- FDIC certificate
- 90291 ↗
Branches
8 branches in Massachusetts
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Massachusetts
8 branches
- The Savings BankMain office357 Main St, Wakefield, MA 01880Directions
- Andover Branch84 Main St, Andover, MA 01810Directions
- Colonial Shopping Center Branch584 Main St, Lynnfield, MA 01940Directions
- South Lynnfield Branch1105 Summer St, Lynnfield, MA 01940Directions
- Methuen Branch17 Burnham Rd, Methuen, MA 01844Directions
- North Reading Branch6 Washington St, North Reading, MA 01864Directions
- Lakeside Branch599 North Ave, Wakefield, MA 01880Directions
- Main Street Branch907 Main St, Wakefield, MA 01880Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.45% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.17% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.44% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $84 | $81 | — |
- CapitalLeverage ratio9.45%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.17%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.44%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$84Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of The Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.