Wakefield Co-operative Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.60%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.75%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Statement Savings Account 1.15% - CIT Bank Spring Savings

View all Wakefield Co-operative Bank rates »

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 112^th largest bank in the state of Massachusetts. It is also the 2,888^th largest bank in the nation. It was established in 1887 and as of March of 2017, it had grown to 33 employees at 2 locations. Wakefield Co-operative Bank's money market rates are 3X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	26516
Year Established	1887
Employees	33
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.36%
Return on Equity - YTD	4.64%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$211.2MM$197.5MM
Loans	Q1 2017vs Q1 2016	$154.7MM$140.2MM
Deposits	Q1 2017vs Q1 2016	$173.3MM$166.1MM
Equity Capital	Q1 2017vs Q1 2016	$16.3MM$15.9MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.1MM$904.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.3MM$1.2MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Wakefield Co-operative Bank Savings Account Rates

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

Wakefield Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$100k^*	$3m	Platinum Money Market Account
OTHER TIERS: 0.50% → Up to $100k
0.25%^*	$100k^*	$500k	Ultimate Money Market Account
OTHER TIERS: 0.01% → Up to $2,500 \| 0.03% → $2,500 - $10k \| 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k

Wakefield Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.02%	-	-	N.O.W. Checking Account

Wakefield Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%	-	-	60 Month CD
1.40%	-	-	48 Month CD
1.10%	-	-	36 Month CD
1.10%	$10k	-	3 Year Step-Up CD
1.05%	-	-	30 Month CD
1.00%	-	-	14 Month CD
1.00%	-	-	24 Month CD
0.85%	-	-	18 Month CD
0.75%	-	-	12 Month CD
0.55%	-	-	6 Month CD
0.50%	-	-	9 Month CD

Wakefield Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%	-	-	60 Month IRA
1.40%	-	-	48 Month IRA
1.10%	-	-	36 Month IRA
1.10%	$10k	-	3 year Step-Up IRA
1.05%	-	-	30 Month IRA
1.00%	-	-	14 Month IRA
1.00%	-	-	24 Month IRA
0.85%	-	-	18 Month IRA
0.75%	-	-	12 Month IRA
0.55%	-	-	6 Month IRA
0.50%	-	-	9 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