Special Announcement

Effective June 18, 2018, we have upgraded our Alerts notification system for Retail and Business Online Banking. You can now receive important updates to your accounts regarding balance changes, transactions, loans, security and other activies. This new service includes options for enhanced email, text, secure inbox and push alert notifications. Please login to establish your preferred notifications. If you were previously subscribed to Event Manager Alerts, it will be necessary for you to re-establish your notifications. Thank you for choosing Wellesley Bank!

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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 15, 2018 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) 1.39% 1.40% $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) 0.60% 0.60% $250,000.00+
0.50% 0.50% $50,000.00 - $249,999.99
0.25% 0.25% $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 maintain an "active" Non-Profit Premier Checking, Non-Profit Premier Checking and Business Alliance Checking to earn the promotional Interest Rate and APY stated above, which is guaranteed through Sept. 30, 2018. Otherwise, the account will earn interest rate of .75%. The maximum principal deposit that may be accepted is $5,000,000. This offer may be withdrawn at any time.
(4) Must have Business Alliance Checking to open Non-Profit Sweep or Business Sweep.

Business Money Market Account
Account Type Interest Rate(1) APY(1) Minimum Daily Balance to Earn APY
Money Market(2) 0.50% 0.50% $100,000.00+
0.35% 0.35% $50,000.00 - $99,999.99
0.30% 0.30% $25,000.00 - $49,999.99
0.25% 0.25% $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 1.74% 1.75% $250.00
16-Month(3) 1.59% 1.60% $250.00
9-Month(3) 1.88% 1.90% $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.
(3) The maximum principal deposit that may be accepted is $1,000,000. This offer may be withdrawn at any time.