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Watertown Education Rewards Checking Account

$50 for Watertown Education Foundation. $50 for you.*

The Watertown Education Rewards Checking account is a best-in-market personal checking account that rewards both you and the Watertown Education Foundation (WEF). When you open an account, we’ll give $50 to you and $50 to the WEF. But that’s just part of the story.

You get our best personal checking account:

Watertown schools get:

  • $50* contribution per account
  • .25% annual interest on the average monthly balance in your account for school programs

Learn more about the personal checking accounts that we offer. Contact our Banking team, visit one of our branch locations, or complete the form below and a Banker will reach out to you shortly.

^Each statement cycle the Watertown Education Rewards Checking is inactive, all ATM surcharges for that statement cycle will apply. To avoid a $25.00 monthly service charge, the checking account must be active. Watertown Education Rewards Checking is considered active with direct deposit(s) within each statement cycle or $2500 average daily balance or 5 debit card POS (pinned or signature) transactions that post and settle during the statement cycle or 5 third party cleared checks per monthly statement cycle or five online bill payments during the monthly statement cycle. .25% annual interest is calculated on the average monthly balance of all Watertown Education Rewards Checking accounts and paid semi-annually (June & December) to the Watertown Education Foundation (WEF). Customers will be notified semi-annually (June & December) of the amount donated on behalf of their account.

*For both you and the school to earn $50, you must sign up for direct deposit or apply for a debit card or enroll in online banking. The $50 will be credited to your Watertown Education Rewards Checking account and a $50 contribution will be made to the WEF within 90 days following the addition of direct deposit, a completed debit card application or enrollment in online banking. A $250.00 minimum deposit (new money only) required to open a Watertown Education Rewards Checking account.

**Dollar amount includes donations from Watertown Education Rewards Checking, Belmont Savings Bank, and the Belmont Savings Bank Foundation over the life of the account.

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