Wellesley Bank


Overview / Commentary
781-489-7600
40 Central Street
Wellesley, MA 02482

Wellesley Bank is headquartered in Wellesley and is the 49th largest bank in the state of Massachusetts. It is also the 900th largest bank in the nation. It was established in 1911 and as of December of 2018, it had grown to 75 employees at 6 locations. Wellesley Bank's CD rates are 94% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #26605
Year Established1911
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD10.35%
Annual Interest Income$33.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$869.5MM$803.2MM
LoansQ4 2018vs Q4 2017$737.1MM$686.3MM
DepositsQ4 2018vs Q4 2017$718.4MM$617.3MM
Equity CapitalQ4 2018vs Q4 2017$72.0MM$65.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$6.7MM$6.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.1MM$576.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$10-Non-Profit Premier Savings
1.00%*$10$250kPremier Plus Savings
OTHER TIERS: 0.60% $250k+
0.75%$10-Non-Profit Sweep
0.05%$10-Statement Savings

Wellesley Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market
OTHER TIERS: 0.20% $10 - $5k | 0.35% $5k - $25k | 0.40% $25k - $50k | 0.45% $50k - $100k
0.60%*$100k*-Business Money Market Account
OTHER TIERS: 0.20% $10 - $5k | 0.35% $5k - $25k | 0.40% $25k - $50k | 0.45% $50k - $100k

Wellesley Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Non-Profit Sweep
OTHER TIERS: 0.20% $10 - $100k | 0.40% $100k - $500k
0.60%*$250k*-Business Sweep
OTHER TIERS: 0.25% $10 - $50k | 0.50% $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$250-16 Month Premier Plus CD
2.40%$250-8 Month CD
2.40%$250-Business 8 Month CD
2.25%$250-15 Month CD
2.15%$250-4 Year CD
2.00%$250-3 Year CD
2.00%$250-2 Year CD
2.00%$250-18 Month CD
2.00%$250-Business 2 Year CD
1.75%$250-1 Year CD
1.75%$250-Business 1 Year CD

Wellesley Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$250-16 Month Premier Plus IRA
2.40%$250-8 Month IRA
2.25%$250-15 Month IRA CD
2.15%$250-4 Year IRA CD
2.00%$250-18 Month IRA CD
2.00%$250-2 Year IRA CD
2.00%$250-3 Year IRA CD
1.75%$250-1 Year IRA CD
Locations


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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