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Winter Hill Bank Review

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Winter Hill Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1906, Winter Hill Bank has assets totaling $357 million along with $274 million in deposits, classifying the institution as a small bank. Winter Hill Bank, whose headquarters are in Somerville, Massachusetts, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Winter Hill Bank is a good bank that deserves your consideration, with a rating of 4.1 stars out of 5 from the SmartAsset team. Winter Hill Bank offers a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Winter Hill Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Winter Hill Bank's standard checking does not carry a monthly charge. Using a bank with no-fee checking and a high savings APY is the best option for gaining the highest income on your deposits while having 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

Winter Hill Bank has a savings rate of 0.10%, which is fair compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.50% and 2.10%, respectively, while its highest-yielding money market account has a rate of 0.20%. Given Winter Hill Bank's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Winter Hill Bank's Savings Rates Compare

Winter Hill Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Winter Hill Bank has generally low fees as compared against the national average. With no monthly fee, Winter Hill Bank's checking account is ideal for people who need an easy checking account. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to other U.S. banks. Winter Hill Bank unfortunately does not reimburse out-of-network ATM charges, meaning you'll be required to search for a Winter Hill Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Winter Hill Bank is a brick-and-mortar bank, with three total bank locations in Massachusetts. With mobile and web apps, Winter Hill Bank makes mobile banking straightforward, even on the go. Winter Hill Bank's online and mobile banking platforms receive moderately positive ratings from users. The Winter Hill Bank mobile app rates a 4.0 out of 5 (with 2 ratings on iOS and Android) compared to the national average of 3.8. You can use Winter Hill Bank's mobile app to control your bank accounts by monitoring monthly statements, transferring money and reaching support representatives. Winter Hill Bank gets an excellent consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Winter Hill Bank is currently a small bank owning assets totaling $357 million and deposits totaling $274 million. Its Texas Ratio is 0.00%, indicating a negligible probability of failure. Additionally, Winter Hill 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 Winter Hill Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $10
Checking Account 0.1% APY $10
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 1.80% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.75% APY
  • 60 Month: 2.10% APY
$500 for all terms
Money Market Account 0.15% APY $10000

Winter Hill Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Winter Hill Bank does not have the best savings rate, which means you should consider 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. Winter Hill Bank's CD rates are fair in comparison to the national average.

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Find a Winter Hill Bank Near Me

Winter Hill Bank has three locations in the U.S.

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