Wakefield Co-operative Bank


Overview / Commentary
781-245-3890
342 Main Street
Wakefield, MA 01880

Wakefield Co-operative Bank is headquartered in Wakefield and is the 99th largest bank in the state of Massachusetts. It is also the 2,591st largest bank in the nation. It was established in 1887 and as of June of 2019, it had grown to 39 employees at 2 locations. Wakefield Co-operative Bank's money market rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #26516
Year Established1887
Employees39
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD6.57%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$234.7MM$223.5MM
LoansQ2 2019vs Q2 2018$189.4MM$172.1MM
DepositsQ2 2019vs Q2 2018$203.1MM$186.8MM
Equity CapitalQ2 2019vs Q2 2018$18.6MM$16.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.5MM$1.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.3MM$1.2MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Wakefield Co-operative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Wakefield Co-operative Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Statement Savings Account
0.05%--Christmas Club

Wakefield Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*$3mPlatinum Money Market Account
OTHER TIERS: 0.50% Up to $100k
0.25%*$100k*$500kUltimate Money Market Account
OTHER TIERS: 0.01% Up to $2.5k | 0.03% $2.5k - $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k

Wakefield Co-operative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$500Freedom Checking
OTHER TIERS: 0.02% $500+
0.15%*$100*$25kPremier Checking
OTHER TIERS: 0.10% $25k+
0.02%--N.O.W. Account

Wakefield Co-operative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-9 Month CD Special
1.60%$500-60 Month CD
1.50%$500-9 Month CD
1.40%$500-48 Month CD
1.20%$500-90 Day CD
1.10%$500-36 Month CD
1.10%$500-3 Year Step-Up CD Special
1.05%$500-30 Month CD
1.00%$500-14 Month CD
1.00%$500-24 Month CD
0.85%$500-18 Month CD
0.75%$500-12 Month CD
0.55%$500-6 Month CD

Wakefield Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$500-60 Month IRA
1.40%$500-48 Month IRA
1.10%$500-36 Month IRA
1.05%$500-30 Month IRA
1.00%$500-14 Month IRA
1.00%$500-24 Month IRA
0.85%$500-18 Month IRA
0.75%$500-12 Month IRA
0.55%$500-6 Month IRA
Locations


Wakefield Co-operative Bank Locations
Wakefield Co-Operative Bank342 Main StreetWakefield, MA 01880
Lynnfield Branch596 Main StreetLynnfield, MA 01940

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