Special Announcement

We are pleased to announce an updated online banking experience for our Consumer Banking clients effective June 13th, 2017. Should you have any questions or would like assistance navigating the updated website please do not hesitate to contact one of our Premier Bankers at (781) 235-2550.

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Business Banking Current Rates

Direct Access

Wellesley Bank provides Direct Access to our dedicated and experienced Premier Bankers. Please feel free to stop into any of our Retail Offices for more information or:

Contact a Premier Banker

Business Banking Rates effective June 23, 2017 Email a Friend Download PDF

Checking, Savings, and Sweep Accounts
Account Type Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
IOLTA Checking(2) 0.30% 0.30% $10.00
Non-Profit Checking(2) 0.10% 0.10% $10.00
Non-Profit Premier Checking(2) 0.10% 0.10% $10.00
Non-Profit Premier Savings(2)(3) 0.75% 0.75% $10.00
Non-Profit Sweep(2)(4) 0.75% 0.75% $500,000.00+
0.40% 0.40% $100,000.00 - $499,999.99
0.20% 0.20% $10.00 - $99,999.99
Business Sweep(2)(4) 0.50% 0.50% $250,000.00+
0.40% 0.40% $50,000.00 - $249,999.99
0.15% 0.15% $10.00 - $49,999.99

(1) Interest Rate and Annual Percentage Yield (APY) are variable-rates and may change after the account is opened.
(2) Fees could reduce earnings on the account.
(3) Must have Non-Profit Premier Checking Account to open Non-Profit Premier Savings Account.
(4) Must have Business Alliance Checking to open Non-Profit Sweep or Business Sweep Account.

Business Money Market Account
Account Type Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
Money Market(2) 0.40% 0.40% $100,000.00+
0.25% 0.25% $50,000.00 - $99,999.99
0.20% 0.20% $25,000.00 - $49,999.99
0.15% 0.15% $5,000.00 - $24,999.99
0.10% 0.10% $10.00 - $4,999.99

(1) Interest Rate and Annual Percentage Yield (APY) are variable-rates and may change after the account is opened.
(2) Fees could reduce earnings on the account.

Certificate Deposit Accounts
Term(2) Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
2-Year 1.00% 1.00% $250.00
15-Month 1.00% 1.00% $250.00
6-Month 0.25% 0.25% $250.00

(1) Interest Rate and Annual Percentage Yield (APY) is subject to change.
(2) A penalty may be imposed for early withdrawal on certificate deposit account.