Wellesley Bank

Overview / Commentary
40 Central Street
Wellesley, MA 02482

Wellesley Bank is headquartered in Wellesley and is the 45th largest bank in the state of Massachusetts. It is also the 816th largest bank in the nation. It was established in 1911 and as of September of 2019, it had grown to 77 employees at 7 locations. Wellesley Bank's CD rates are 56% higher than the national average, and it has an A health rating.

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Health Grade Components

FDIC Certificate #26605
Year Established1911
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD10.15%
Annual Interest Income$30.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$979.2MM$836.0MM
LoansQ3 2019vs Q3 2018$832.0MM$720.8MM
DepositsQ3 2019vs Q3 2018$759.2MM$670.8MM
Equity CapitalQ3 2019vs Q3 2018$78.9MM$70.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$7.2MM$6.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.6MM$1.2MM
Real Estate OwnedQ3 2019vs Q3 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

1.10%$10$5mNon-Profit Premier Savings W/ Relationship
0.90%*$10$250kPremier Plus Savings
OTHER TIERS: 0.50% $250k+
0.75%$10-Non-Profit Premier Savings W/o Relationship
0.05%$10-Statement Savings

Wellesley Bank Money Market Rates

0.50%*$100k*-Money Market
OTHER TIERS: 0.20% $10 - $5k | 0.25% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.50%*$100k*-Business Money Market Account
OTHER TIERS: 0.20% $10 - $5k | 0.25% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

Wellesley Bank Checking Account Rates

0.75%*$500k*-Non-Profit Sweep
OTHER TIERS: 0.20% $10 - $100k | 0.40% $100k - $500k
0.50%*$250k*-Business Sweep
OTHER TIERS: 0.15% $10 - $50k | 0.40% $50k - $250k
0.40%$10-IOLTA Checking
0.10%$10-Non-Profit Checking
0.10%$10-Non-Profit Premier Checking
0.03%$10-NOW Checking

Wellesley Bank CD Rates

1.90%$250-16 Month Premier Plus CD
1.80%$250-15 Month CD
1.75%$250-8 Month CD
1.75%$250-Business 8 Month CD
1.70%$250-4 Year CD
1.70%$250-3 Year CD
1.70%$250-2 Year CD
1.70%$250-18 Month CD
1.70%$250-Business 2 Year CD
1.40%$250-1 Year CD
1.40%$250-Business 1 Year CD

Wellesley Bank IRA Rates

1.90%$250-16 Month Premier Plus IRA
1.80%$250-15 Month IRA CD
1.75%$250-8 Month IRA
1.70%$250-18 Month IRA CD
1.70%$250-2 Year IRA CD
1.70%$250-3 Year IRA CD
1.70%$250-4 Year IRA CD
1.40%$250-1 Year IRA CD

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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