The Savings Bank
About
Established in 1869, The Savings Bank is a local community bank offering deposit accounts, consumer and business lending, investment and insurance services through local bankers. Its products include checking, certificates of deposit, fixed-rate mortgages and home equity loans with a choice of 15- or 20-year terms. Its TSB 365 Checking account is pitched as the only checking account a customer needs, designed to make managing money faster, easier and more rewarding.
Small businesses can apply for financing through TSB Business Direct, a program built to make it easier for local companies to access credit. The bank also invests in the community through The Savings Bank Charitable Foundation, which recently awarded grants to 24 nonprofits, and through the Donald E. Garrant Foundation, which funds financial education projects in schools and nonprofit organizations. Seasonal touches, such as a Halloween coloring contest, round out its community presence.
What to Know
- The Garrant Foundation was founded in 2001 in memory of Don Garrant, the bank’s president from 1980 to 1992.
- The Garrant Foundation has awarded more than $362,000 for financial literacy projects.
- The bank has been serving Lynnfield for 50 years.
- New accounts can be opened online, and appointments can be booked with a banker.
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