Why Choose the Institution for Savings?

At the Institution for Savings, we are fully invested and committed to the communities we serve. We firmly believe that keeping banking local is the surest way to a brighter, more secure future for our customers, our communities and our employees.

Here are 10 compelling reasons to choose us!


We’re Strong and Stable ... and Will NEVER Change Our Name.

Clock Tower Picture

Simply put, we are one of the strongest banks in the country. We are well capitalized, profitable and have endured many challenges, always emerging stronger than ever. We were incorporated in 1820 as a mutual Bank and we have no stockholders which allows us to answer only to our customers. If you are tired of always having to remember the name of your bank, you will never have that problem if you bank with us!


We Help Grow the Local Economy.

As a local institution, we invest in area businesses and individuals, and we employ people who live in the communities we serve.


Decisions are Made Right Here at Home.

Map of Communities We Serve

When you choose us you are choosing an institution where decisions are made by people you know and trust, right in your own backyard. We have 15 offices from Salisbury to Cape Ann, Middleton to Salem. No matter where you live along the North Shore, you will deal with employees who are your neighbors and friends, and who are committed to local, community banking.


We Have Everything You Need in a Bank.

Whether it is for you personally or for your business, we offer a full menu of simple yet convenient products: savings, checking, money market, CDs, IRAs, mortgages and more. In addition, we make it easy to access your accounts 24/7 with free Internet Banking, Bill Pay, Mobile Banking, Mobile Deposit and E-Statements!


We Give Back to Our Communities in a Big Way.

As a mutual savings bank, the Bank has always believed in dedicating part of its assets toward making our communities better places in which to live and work. In the last three years we have donated and pledged more than $5 million to local not-for-profit organizations like the community hospital, public libraries, local schools, food pantries and so much more. That is why the Boston Business Jouurnal has named us one of the Top 30 Charitable Givers in Massachusetts for three straight years.


We’re A Top Place to Work!

Our employees rarely leave…because we are such a great place to work! We are proud to have been named a Top Place to Work by the Boston Globe for 11 consecutive years and Number One for THREE of those years! Whether you need a loan, a checking account, a mortgage or more, our team of highly skilled, knowledgeable and courteous professionals are here to help you. We give you the personal attention and friendly service that you just do not find with an Internet company or a big national bank.


Our “No-or-Low-Fee” Commitment Beats Most Other Financial Institutions.

At the Institution for Savings you do not pay for a lot of services that other banks routinely would charge you for.


We Offer Free Checking with Interest for Students and Seniors.

Who says being young or getting older does not have great benefits? Earn interest with no monthly maintenance fee. Plus, we offer a Student ATM card for high school students and an awesome Collegiate Checking account as well!


Financial Knowledge is Financial Power!

Photo from the credit for life fair

We believe strongly in financial literacy for everyone. We offer
a number of programs throughout the year to teach various
segments of our communities about the importance of
solid money management skills, from third grade right through high school.  Our new Financial Education also offers key information about banking and finance topics for all ages.



We go Above and Beyond to Help.

Our Trustees, Officers and employees are committed to our vision to positively affect the lives of every person, business and organization within the communities we serve. We are here to help you!

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