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 93rd largest bank in the state of Massachusetts. It is also the 2,573rd largest bank in the nation. It was established in 1887 and as of March of 2021, it had grown to 43 employees at 2 locations. Wakefield Co-operative Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #26516
Year Established1887
Employees43
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD7.35%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$280.1MM$256.6MM
LoansQ1 2021vs Q1 2020$188.2MM$200.1MM
DepositsQ1 2021vs Q1 2020$252.5MM$228.1MM
Equity CapitalQ1 2021vs Q1 2020$22.0MM$20.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$1.6MM$1.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$890.00K$1.5MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* 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
0.25%*$100k*$3mPlatinum Money Market Account
OTHER TIERS: 0.15% Up to $100k
0.20%*$100k*$500kUltimate Money Market Account
OTHER TIERS: 0.01% Up to $2.5k | 0.03% $2.5k - $10k | 0.05% $10k - $50k | 0.10% $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
0.70%$500-60 Month CD
0.60%$500-48 Month CD
0.55%$500-36 Month CD
0.50%$500-30 Month CD
0.40%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-9 Month CD
0.25%$500-12 Month CD
0.25%$500-14 Month CD
0.20%$500-6 Month CD

Wakefield Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-60 Month IRA
0.60%$500-48 Month IRA
0.55%$500-36 Month IRA
0.50%$500-30 Month IRA
0.40%$500-24 Month IRA
0.30%$500-18 Month IRA
0.25%$500-9 Month IRA
0.25%$500-12 Month IRA
0.25%$500-14 Month IRA
0.20%$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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