Special Announcement

​To Our Valued Clients: Our Wellesley Square Office will be closed for renovation on Monday July 22nd for approximately 4 weeks. Please visit our locations page to find the location nearest you during this time. As always our online and mobile banking apps are available for banking anytime and anywhere. Thank you for banking with Wellesley Bank!

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Deposit and Cash Management Consumer Rates

Direct Access

At Wellesley Bank, we conveniently provide Direct Access to our dedicated and experienced Premier Bankers. We’d love to have you stop by any of our retail offices for more information, or you can choose to contact a Premier Banker online. We look forward to serving you!

Deposit Rates effective August 16, 2019 Email a Friend Download PDF

Checking and Savings Accounts
ACCOUNT TYPE INTEREST RATE (1) APY (1) MINIMUM DAILY BALANCE TO EARN APY
Premier Plus Savings (2) (3) 0.60% 0.60% $250,000.00+
1.00% 1.00% $10.00 - $249,999.99
Statement Savings (2) 0.05% 0.05% $10.00
NOW Checking (2) 0.03% 0.03% $10.00

(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 Premier Plus Checking to open Premier Plus Savings.

Money Market Accounts
ACCOUNT TYPE INTEREST RATE (1) APY (1) MINIMUM DAILY BALANCE TO EARN APY
Money Market (2) 0.60% 0.60% $100,000+
0.45% 0.45% $50,000.00 - $99,999.99
0.40% 0.40% $25,000.00 - $49,999.99
0.35% 0.35% $5,000.00 - $24,999.99
0.20% 0.20% $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 and IRA Accounts
TERM (2) INTEREST RATE (1) APY (1) MINIMUM DAILY BALANCE TO EARN APY
4-Year 2.13% 2.15% $250.00
3-Year 1.98% 2.00% $250.00
2-Year 1.98% 2.00% $250.00
18-Month 1.98% 2.00% $250.00
16-Month Premier Plus(3) 2.42% 2.45% $250.00
15-Month 2.23% 2.25% $250.00
1-Year 1.74% 1.75% $250.00
8-Month 2.23% 2.25% $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.
(3) Must have Premier Plus Checking to obtain this special offer.