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Bridgewater Savings Bank Review

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Bridgewater Savings Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1872, Bridgewater Savings Bank has assets totaling $576 million and $441 million in deposits, classifying the institution as a medium-size bank. Bridgewater Savings Bank, whose headquarters are in Raynham, Massachusetts, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. On the whole, Bridgewater Savings Bank is a great choice and should warrant serious consideration, with a rating of 4.2 out of 5 stars from the SmartAsset experts. Bridgewater Savings Bank provides customers with a full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Bridgewater Savings Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking does not carry a monthly charge. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is your best option for getting the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.05%, Bridgewater Savings Bank ranks poorly compared to the national average. Bridgewater Savings Bank's CDs feature a rate of 0.40% and 1.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given Bridgewater Savings Bank's below average savings rate, you should consider taking a look at other banks for savings accounts.

How Bridgewater Savings Bank's Savings Rates Compare

Bridgewater Savings Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Bridgewater Savings Bank charges customers extremely low fees as compared against the national average. With no monthly fee, Bridgewater Savings Bank's checking account is ideal for those who want an easy banking experience. Bridgewater Savings Bank does not reimburse out-of-network ATM charges, meaning you will need to search for a Bridgewater Savings Bank ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Bridgewater Savings Bank is a brick-and-mortar bank, with eight total bank locations in Massachusetts. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Wednesday, 8:00 a.m. to 5:00 p.m. ET; Thursday and Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday, and 8:30 a.m. to 12:30 p.m. ET. Bridgewater Savings Bank's online and mobile banking services get fair feedback from customers. The Bridgewater Savings Bank mobile app rates a 3.7 out of 5 (out of 24 ratings on iOS and Android) compared to the national average of 3.8. Bridgewater Savings Bank's mobile app lets you manage your bank accounts by monitoring current statements, sending and receiving money as well as reaching support representatives. Bridgewater Savings Bank receives a superb consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Bridgewater Savings Bank is currently a medium-size bank with $576 million in assets and deposits totaling $441 million. Bridgewater Savings Bank's Texas Ratio is 1.42%, indicating that the bank is in terrific financial health and far from failure. Additionally, Bridgewater Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Bridgewater Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $10
Checking Account 0.01% APY $10
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.80% APY
  • 36 Month: 0.95% APY
  • 48 Month: 1.40% APY
  • 60 Month: 1.70% APY
$2000 for all terms
Money Market Account 0.1% APY $2500

Bridgewater Savings Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Bridgewater Savings Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Bridgewater Savings Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Bridgewater Savings Bank Near Me

Bridgewater Savings Bank has eight branches in the U.S.

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