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Westfield Bank Drops Rate

Tuesday, January 25, 2011 - 5:04 PMWestfield Bank FSB
3.01% APY interest rate on balances up to $25,000.

Also I got a letter in the mail to start making bigger purchases and make them my primary account or my account will be closed!
9
aauseaause11 posts since
Jan 25, 2011
Rep Points: 33
1. Tuesday, January 25, 2011 - 5:19 PM
From (3.50%, $25K) to (3.01%, $25K).
3
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
2. Thursday, August 25, 2011 - 12:39 PM
"Dear Dream Big customer,

Given the market adjustments of recent weeks and the Fed’s announcement on August 9 to continue downward bias on rates through the middle part of 2013, we will be adjusting our Dream Big Checking account rate to 2.01% APY* beginning September 23, 2011.

You will find that our Dream Big Checking rate is still among the most competitive in the country. Westfield Bank will remain consistent over the long term, as we balance sound banking practices and reward you with above market rates."
1
taverttavert4 posts since
Nov 3, 2010
Rep Points: 7
3. Thursday, August 25, 2011 - 3:03 PM
No more dreams, folks; it is now called a nightmare account:D
3
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
4. Thursday, August 25, 2011 - 3:31 PM
I'm confused.  Did the rate drop to 3.01% as the first two posters state, or 2.01% as tavert quotes in #2?
1
dunkerdunker135 posts since
Jun 11, 2010
Rep Points: 403
5. Thursday, August 25, 2011 - 3:38 PM
The rate dropped to 3.01% in January.  It drops to 2.01% next month.
1
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
6. Thursday, August 25, 2011 - 6:28 PM
Question for tavert--when did you get notfication?  I have that account and I never hear anything from them.  Thanks for the heads up BTW.
1
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
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