Wakefield Co-operative Bank

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CURRENT TOP RATE

Freedom Checking

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 93^rd largest bank in the state of Massachusetts. It is also the 2,573^rd 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.

Related Posts

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2020

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

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Health

A

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #	26516
Year Established	1887
Employees	43
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.59%
Return on Equity - YTD	7.35%
Annual Interest Income	$2.1MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$280.1MM$256.6MM
Loans	Q1 2021vs Q1 2020	$188.2MM$200.1MM
Deposits	Q1 2021vs Q1 2020	$252.5MM$228.1MM
Equity Capital	Q1 2021vs Q1 2020	$22.0MM$20.0MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$1.6MM$1.6MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$890.00K$1.5MM
Real Estate Owned	Q1 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Statement Savings Account
0.05%	-	-	Christmas Club

Wakefield Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$100k^*	$3m	Platinum Money Market Account
OTHER TIERS: 0.15% → Up to $100k
0.20%^*	$100k^*	$500k	Ultimate 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%^*	-	$500	Freedom Checking
OTHER TIERS: 0.02% → $500+
0.15%^*	$100^*	$25k	Premier Checking
OTHER TIERS: 0.10% → $25k+
0.02%	-	-	N.O.W. Account

Wakefield Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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 Bank	342 Main Street	Wakefield, MA 01880
Lynnfield Branch	596 Main Street	Lynnfield, MA 01940

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