Rates

Name APY Min Deposit Max Deposit
Basic Savings 0.15 % $1 —
Statement Savings 0.25 % $1 —
Business High Yield MMDA 0.10 % $1 $24,999
0.15 % $25,000 $49,999
0.20 % $50,000 $249,999
0.25 % $250,000 —
Nonprofit Savings 0.25 % $1 —
Business Savings 0.15 % $1 —
IRA Savings 0.25 % $1 —
High Yield MMA 0.10 % $1 $24,999
0.15 % $25,000 $49,999
0.20 % $50,000 $249,999
0.25 % $250,000 —
Money Market 0.05 % $0 $2,499
0.25 % $2,500 —

Product Information

Basic Savings

  • $10 minimum to open
  • $10 average daily balance required to avoid $1 monthly service charge
  • 6 transfers per statement period allowed by telephone, computer, preauthorized or automatic payment
  • Variable interest rate

Statement Savings

  • $10 minimum to open
  • $250 average daily balance required to avoid $2.50 monthly service charge
  • 6 transfers per statement period allowed by telephone, computer, preauthorized or automatic payment
  • Monthly service charge waived for customers under the age of 19 or 65 and over
  • Variable interest rate
  • Free ATM Card (or Debit Card with an associated checking account)
  • Free Online Banking
  • Free withdrawals at over 2,800 SUM ATMs
  • Can provide overdraft protection for an associated checking account with up to a 6 transaction limit per statement period

Bank Locations

OK
Wainwright Bank & Trust Company 63 Franklin Street Boston, MA 02110 42.3554843 -71.0583732
Kendall Square Branch One Broadway Cambridge, MA 02142 42.362805 -71.084037
Back Bay Station Branch 155 Dartmouth Street Boston, MA 02116 42.348411 -71.07693
Central Square Branch 647 Massachusetts Avenue Cambridge, MA 02139 42.3655643 -71.1039548
Davis Square Branch 250 Elm Street Somerville, MA 02144 42.3947967 -71.1215191
Harvard Square Branch One Brattle Square Cambridge, MA 02138 42.373193 -71.121154