Wakefield Co-operative Bank

Overview / Commentary
342 Main Street
Wakefield, MA 01880

Wakefield Co-operative Bank is headquartered in Wakefield and is the 94th largest bank in the state of Massachusetts. It is also the 2,502nd largest bank in the nation. It was established in 1887 and as of September of 2020, it had grown to 39 employees at 2 locations. Wakefield Co-operative Bank has a B+ health rating.

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Wakefield Co-operative Bank Offers Limited-Time 20-Month CD Special - 3/7/2020

Wakefield Co-operative Bank (MA) is currently offering a 20-month CD Special earning 2.20% APY for a limited time. Minimum deposit is $500 of new money.


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Health Grade Components

FDIC Certificate #26516
Year Established1887
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD8.71%
Annual Interest Income$7.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$276.1MM$249.1MM
LoansQ3 2020vs Q3 2019$218.2MM$203.3MM
DepositsQ3 2020vs Q3 2019$244.3MM$213.8MM
Equity CapitalQ3 2020vs Q3 2019$21.1MM$19.1MM
Loan Loss AllowanceQ3 2020vs Q3 2019$1.8MM$1.6MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.7MM$1.3MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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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

0.05%--Statement Savings Account
0.05%--Christmas Club

Wakefield Co-operative Bank Money Market Rates

0.35%*$100k*$3mPlatinum Money Market Account
OTHER TIERS: 0.25% 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

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

1.00%$500-60 Month CD
0.85%$500-48 Month CD
0.65%$500-36 Month CD
0.60%$500-30 Month CD
0.50%$500-24 Month CD
0.45%$500-18 Month CD
0.35%$500-6 Month CD
0.35%$500-9 Month CD
0.35%$500-12 Month CD
0.35%$500-14 Month CD
0.15%$500-90 Day CD

Wakefield Co-operative Bank IRA Rates

1.00%$500-60 Month IRA
0.85%$500-48 Month IRA
0.65%$500-36 Month IRA
0.60%$500-30 Month IRA
0.50%$500-24 Month IRA
0.45%$500-18 Month IRA
0.35%$500-6 Month IRA
0.35%$500-9 Month IRA
0.35%$500-12 Month IRA
0.35%$500-14 Month IRA
0.15%$500-90 Day IRA

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

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