Special Announcement

To Our Valued Clients: We are currently experiencing difficulties with our Online and Mobile Banking platforms for Personal Banking. Please do not hesitate to contact us directly at (781)235-2550 or clientservices@wellesleybank.com for any inquiries or support in the interim. We apologize for the inconvenience.

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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 June 21, 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) 2.57% 2.60% $250.00
15-Month 2.23% 2.25% $250.00
1-Year 1.74% 1.75% $250.00
8-Month 2.37% 2.40% $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.