No, he does not. He says the water is a symbol or antitype of what saves us.
1 Peter 3:21 also to which an antitype doth now save us -- baptism, (not a putting away of the filth of flesh, but the question of a good conscience in regard to God,) through the rising again of Jesus Christ,
Do you believe I Peter 3:21?
But it's not water baptism...It is the Spiritual baptism he's referring to...It is the 'belief' (the answer of a good conscience toward God) which results in the indwelling of the Holy Ghost...That's the baptism that saves us...
Act_11:16 Then remembered I the word of the Lord, how that he said, John indeed baptized with water; but ye shall be baptized with the Holy Ghost.