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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 96th largest bank in the state of Massachusetts. It is also the 2,455th largest bank in the nation. It was established in 1887 and as of March of 2020, it had grown to 37 employees at 2 locations. Wakefield Co-operative Bank's money market rates are 48% higher than the national average, and it has a B+ health rating.

Related Posts

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
B+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26516
Year Established1887
Employees37
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD9.22%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$256.6MM$223.4MM
LoansQ1 2020vs Q1 2019$200.1MM$173.9MM
DepositsQ1 2020vs Q1 2019$228.1MM$199.0MM
Equity CapitalQ1 2020vs Q1 2019$20.0MM$18.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.6MM$1.5MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.5MM$1.3MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Statement Savings Account
0.05%--Christmas Club

Wakefield Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*$3mPlatinum Money Market Account
OTHER TIERS: 0.40% → 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

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
1.25%$500-60 Month CD
1.15%$500-48 Month CD
0.85%$500-36 Month CD
0.80%$500-30 Month CD
0.75%$500-24 Month CD
0.65%$500-18 Month CD
0.50%$500-6 Month CD
0.50%$500-9 Month CD
0.50%$500-12 Month CD
0.50%$500-14 Month CD
0.25%$500-90 Day CD

Wakefield Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month IRA
1.15%$500-48 Month IRA
0.85%$500-36 Month IRA
0.80%$500-30 Month IRA
0.75%$500-24 Month IRA
0.65%$500-18 Month IRA
0.50%$500-6 Month IRA
0.50%$500-9 Month IRA
0.50%$500-12 Month IRA
0.50%$500-14 Month IRA
0.25%$500-90 Day 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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