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Savings Bank of Walpole Review

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Savings Bank of Walpole Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Savings Bank of Walpole started in 1875 and has its headquarters in Walpole, New Hampshire. Savings Bank of Walpole handles assets of $401 million and $369 million in deposits, which makes it a small bank. Savings Bank of Walpole lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Savings Bank of Walpole is a great choice and should warrant serious consideration, with a rating of 4.3 stars out of 5 from the SmartAsset experts. Savings Bank of Walpole offers a varied selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Savings Bank of Walpole has a fair savings rate; other popular banks have higher rates. Institutions that offer no-fee checking as well as a high interest rate savings account are your best bet for accruing the highest income on your deposits alongside convenient access to your money.

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 0.15%, Savings Bank of Walpole ranks poorly compared to other U.S. banks. Its CD rates are 1.50% and 1.80% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.20%. Given Savings Bank of Walpole's below average savings rate, you should consider other options to earn more on your deposits.

How Savings Bank of Walpole's Savings Rates Compare

Savings Bank of Walpole Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Savings Bank of Walpole's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

Savings Bank of Walpole is a brick-and-mortar bank, with five total bank locations in New Hampshire. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. ET. Savings Bank of Walpole's online and mobile banking services receive reasonably decent feedback from customers. Out of 140 ratings across iOS and Android platforms, the Savings Bank of Walpole mobile app has an overall rating of 4.4 out of 5 (compared to the national average of 3.8). You can utilize Savings Bank of Walpole's mobile app to manage your finances by monitoring account balances, transferring funds and reaching customer service. Savings Bank of Walpole gets an exceptional consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Savings Bank of Walpole is a small bank and owns $401 million in assets as well as $369 million in deposits. Savings Bank of Walpole has a strong Texas Ratio of 5.99%, denoting a tiny opportunity of failure. Additionally, Savings Bank of Walpole is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 Savings Bank of Walpole to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $2500
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.30% APY
  • 60 Month: 1.80% APY
$500 for all terms
Money Market Account 0.15% APY $2500

Savings Bank of Walpole has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Savings Bank of Walpole does not have the best savings rate, which means you should think about taking a look elsewhere 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. Savings Bank of Walpole's CD rates are fair compared to the national average.

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Find a Savings Bank of Walpole Near Me

Savings Bank of Walpole has five physical branches in the U.S.

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