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Wakefield Co-operative Bank


Overview / Commentary
www.wakefieldcoop.com
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 2,572nd largest bank in the nation. It was established in 1887 and as of December of 2020, it had grown to 43 employees at 2 locations. Wakefield Co-operative Bank has a B+ health rating.

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Health
B+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26516
Year Established1887
Employees43
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD10.07%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$266.6MM$246.6MM
LoansQ4 2020vs Q4 2019$196.8MM$201.2MM
DepositsQ4 2020vs Q4 2019$238.9MM$208.8MM
Equity CapitalQ4 2020vs Q4 2019$21.9MM$19.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.7MM$1.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.5MM$1.5MM
Real Estate OwnedQ4 2020vs Q4 2019$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
1.00%$500-60 Month CD
0.75%$500-48 Month CD
0.55%$500-36 Month CD
0.50%$500-30 Month CD
0.40%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-9 Month CD
0.30%$500-12 Month CD
0.30%$500-14 Month CD
0.25%$500-6 Month CD

Wakefield Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month IRA
0.75%$500-48 Month IRA
0.55%$500-36 Month IRA
0.50%$500-30 Month IRA
0.40%$500-24 Month IRA
0.35%$500-18 Month IRA
0.30%$500-9 Month IRA
0.30%$500-12 Month IRA
0.30%$500-14 Month IRA
0.25%$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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