Overview / Commentary
413-568-1911
141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 23rd largest bank in the state of Massachusetts. It is also the 411th largest bank in the nation. It was established in 1853 and as of December of 2018, it had grown to 287 employees at 24 locations. Westfield Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #90300
Year Established1853
Employees287
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD7.79%
Annual Interest Income$79.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.12B$2.08B
LoansQ4 2018vs Q4 2017$1.68B$1.62B
DepositsQ4 2018vs Q4 2017$1.60B$1.51B
Equity CapitalQ4 2018vs Q4 2017$225.2MM$237.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.1MM$10.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$13.5MM$12.8MM
Real Estate OwnedQ4 2018vs Q4 2017$0$155.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Westfield 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.

Westfield Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$10-Signature Savings
0.10%$10-Classic Statement Savings
0.10%$10-Free Statement Savings
0.10%$10-Ready, Set, Grow Savings

Westfield Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$500k*-Performance Money Market
OTHER TIERS: 0.15% $10 - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k
0.20%*$50k*-IRA Money Market
OTHER TIERS: 0.10% $10 - $25k | 0.15% $25k - $50k
0.15%*$250k*-Business Money Market
OTHER TIERS: 0.10% $10 - $250k
0.15%$10-Business Prime Money Market
0.10%$10-Summit Money Market

Westfield Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-WB Interest Checking

Westfield Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$1k-13 Month WB Signature CD
2.60%$1k-Business 13 Month CD
2.45%$1k-20 Month WB Classic CD
2.36%$1k-7 Month WB Signature CD
2.20%$1k-7 Month WB Classic CD
2.20%$1k-Business 7 Month CD
1.25%$1k-60 Month WB Classic CD
1.00%$1k-48 Month WB Classic CD
1.00%$1k-Business 48 Month CD
0.75%$1k-36 Month WB Classic CD
0.50%$1k-24 Month WB Classic CD
0.50%$1k-Business 24 Month CD
0.30%$1k-12 Month WB Classic CD
0.30%$1k-Business 12 Month CD
0.20%$1k-6 Month WB Classic CD
0.20%$1k-Business 6 Month CD
0.10%$1k-3 Month WB Classic CD

Westfield Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$500-13 Month WB Signature IRA
2.45%$500-20 Month WB Classic IRA
2.36%$500-7 Month WB Signature IRA
2.20%$500-7 Month WB Classic IRA
2.10%$500-13 Month Retirement Accumulator CD
1.25%$500-60 Month WB Classic IRA
1.00%$500-48 Month WB Classic IRA
0.75%$500-36 Month WB Classic IRA
0.50%$500-24 Month WB Classic IRA
0.40%$500-12 Month Add-On IRA
0.30%$500-12 Month WB Classic IRA
Locations

Availability



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