Wellesley Bank

Overview / Commentary
40 Central Street
Wellesley, MA 02482

Wellesley Bank is headquartered in Wellesley and is the 48th largest bank in the state of Massachusetts. It is also the 860th largest bank in the nation. It was established in 1911 and as of December of 2019, it had grown to 78 employees at 7 locations. Wellesley Bank has an A health rating.

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Health Grade Components

FDIC Certificate #26605
Year Established1911
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD9.75%
Annual Interest Income$40.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$940.1MM$869.5MM
LoansQ4 2019vs Q4 2018$837.8MM$737.1MM
DepositsQ4 2019vs Q4 2018$753.3MM$718.4MM
Equity CapitalQ4 2019vs Q4 2018$80.0MM$72.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$7.7MM$6.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.6MM$1.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Wellesley 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.

Wellesley Bank Savings Account Rates

0.75%$10-Non-Profit Premier Savings W/o Relationship
0.50%$10$5mNon-Profit Premier Savings W/ Relationship
0.25%*$250k*-Premier Plus Savings
OTHER TIERS: 0.15% $10 - $250k
0.05%$10-Statement Savings

Wellesley Bank Money Market Rates

0.30%*$100k*-Money Market
OTHER TIERS: 0.05% $10 - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.30%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% $10 - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k

Wellesley Bank Checking Account Rates

0.30%*$250k*-Business Sweep
OTHER TIERS: 0.05% $10 - $50k | 0.20% $50k - $250k
0.20%$10-IOLTA Checking
0.10%$10-Non-Profit Checking
0.10%$10-Non-Profit Premier Checking
0.10%$10-Non-Profit Sweep
0.03%$10-NOW Checking

Wellesley Bank CD Rates

0.60%$250-16 Month Premier Plus CD
0.50%$250-4 Year CD
0.50%$250-3 Year CD
0.50%$250-2 Year CD
0.50%$250-18 Month CD
0.50%$250-15 Month CD
0.50%$250-1 Year CD
0.50%$250-Business 2 Year CD
0.50%$250-Business 1 Year CD
0.45%$250-8 Month CD
0.45%$250-Business 8 Month CD

Wellesley Bank IRA Rates

0.60%$250-16 Month Premier Plus IRA
0.50%$250-1 Year IRA CD
0.50%$250-15 Month IRA CD
0.50%$250-18 Month IRA CD
0.50%$250-2 Year IRA CD
0.50%$250-3 Year IRA CD
0.50%$250-4 Year IRA CD
0.45%$250-8 Month IRA

Wellesley Bank Locations
Linden Street Branch195-197 Linden StreetWellesley, MA 02482
Washington Street Branch29 Washington StreetWellesley Hills, MA 02481
Wellesley Bank40 Central StreetWellesley, MA 02482
Federal Street BranchOne Federal StBoston, MA 02110
North Hill Branch865 Central AveNeedham, MA 02492
Newton Centre Branch776-1 Beacon StreetNewton Center, MA 02459

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