Masked Language Modeling (MLM) is widely used to pretrain language models. The standard random masking strategy in MLM causes the pre-trained language models (PLMs) to be biased towards high-frequency tokens. Representation learning of rare tokens is poor and PLMs have limited performance on downstream tasks. To alleviate this frequency bias issue, we propose two simple and effective Weighted Sampling strategies for masking tokens based on token frequency and training loss. We apply these two strategies to BERT and obtain Weighted-Sampled BERT (WSBERT). Experiments on the Semantic Textual Similarity benchmark (STS) show that WSBERT significantly improves sentence embeddings over BERT. Combining WSBERT with calibration methods and prompt learning further improves sentence embeddings. We also investigate fine-tuning WSBERT on the GLUE benchmark and show that Weighted Sampling also improves the transfer learning capability of the backbone PLM. We further analyze and provide insights into how WSBERT improves token embeddings.