Belmont Savings Bank
Belmont Savings Bank is a small bank headquartered in Belmont, MA. The bank operates 4 branches in 1 state (Massachusetts). Belmont Savings Bank has deposits of $298.5 million, and was established in January 1885.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: Belmont Retirement CD, Belmont CD, PlatinumBlue High Yield Savings, Access Plus MMDA and Standard MMDA.
Current Belmont Savings Bank Rates
| Name | Term | APY | Min Deposit | |
| Belmont Retirement CD | 3 months | 0.25 % | $10 | |
| 6 months | 0.30 % | $10 | ||
| 1 year | 0.45 % | $10 | ||
| 18 months | 0.55 % | $10 | ||
| 2 years | 0.80 % | $10 | ||
| 3 years | 1.05 % | $10 | ||
| 4 years | 1.35 % | $10 | ||
| 5 years | 1.75 % | $10 | ||
| Belmont CD | 3 months | 0.25 % | $500 | |
| 6 months | 0.30 % | $500 | ||
| 1 year | 0.45 % | $500 | ||
| 18 months | 0.55 % | $500 | ||
| 2 years | 0.80 % | $500 | ||
| 3 years | 1.05 % | $500 | ||
| 4 years | 1.35 % | $500 | ||
| 5 years | 1.75 % | $500 |
Customer Reviews
Piss Poor Banking
Absolutly Positively do not trust this bank. I went for a mortgage here. Had a verbal commitment from them and as my deadline approached they backed out and my house went back on the market. I provided them with everything they asked for and easily could have afforded this bank. DO NOT TRUST THIS BANK.
About Belmont Savings Bank
Belmont Savings Bank is a $450 million, full-service community bank dedicated to quality, convenience, and personalized service. Founded in 1885, the Bank builds on a proud history of financial strength and a tradition of active involvement in the communities we serve.
Belmont Savings Bank provides a full range of banking services for individuals and local small businesses. Our innovative products range from checking accounts, to mortgages, to a full range of lending products, and much more.
We have recently embarked on a multi-year plan of continual improvement and enhancements with a strong technology focus - in order to ensure that our customers have the quality and convenience of banking services they require. In line with this initiative, we are now offering online banking services that allow customers to transfer funds from one Belmont Savings Bank account to another, pay bills, access account history, check stock quotes, and perform other banking functions - all from the convenience of a computer.
We are a mutual bank, which means we are not answerable to stockholders but to our customers. Customers come first, and that means placing the highest priority on personal service. In addition, we help you manage your money by keeping fees low and paying competitive rates on our CDs and savings accounts.
We provide a wide range of banking services tailored to the needs of local businesses. While many of the larger regional banks have continued to consolidate, their service to local businesses has deteriorated. At Belmont Savings, we emphasize the importance of knowing our business customers and providing the banking they need to operate efficiently.
We have three full-service offices in Belmont, and one full-service office in Watertown. In addition, we have easy-access 24-hour ATMs in Belmont and Watertown.