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 2,634^th largest bank in the nation. It was established in 1887 and as of June of 2021, it had grown to 44 employees at 3 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 Q2 2021

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Health Grade Components

Overall
FDIC Certificate #	26516
Year Established	1887
Employees	44
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	4.98%
Annual Interest Income	$4.2MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$272.1MM$273.1MM
Loans	Q2 2021vs Q2 2020	$192.6MM$214.3MM
Deposits	Q2 2021vs Q2 2020	$244.0MM$236.7MM
Equity Capital	Q2 2021vs Q2 2020	$22.4MM$20.6MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$1.6MM$1.7MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$783.00K$1.7MM
Real Estate Owned	Q2 2021vs Q2 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
0.50%	$500	-	36 Month CD
0.45%	$500	-	30 Month CD
0.35%	$500	-	24 Month CD
0.25%	$500	-	9 Month CD
0.25%	$500	-	12 Month CD
0.25%	$500	-	14 Month CD
0.25%	$500	-	18 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
0.50%	$500	-	36 Month IRA
0.45%	$500	-	30 Month IRA
0.35%	$500	-	24 Month IRA
0.25%	$500	-	9 Month IRA
0.25%	$500	-	12 Month IRA
0.25%	$500	-	14 Month IRA
0.25%	$500	-	18 Month IRA
0.20%	$500	-	6 Month IRA

Locations

Wakefield Co-operative Bank Locations
Wakefield Co-Operative Bank	342 Main St	Wakefield, MA 01880
Lynnfield Branch	596 Main Street	Lynnfield, MA 01940
Wakefield Co-Operative Bank Branch	526 Main Street	Melrose, MA 02176

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