Westfield Bank

Overview / Commentary

www.westfieldbank.com

413-568-1911

141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 23^rd largest bank in the state of Massachusetts. It is also the 437^th largest bank in the nation. It was established in 1853 and as of March of 2021, it had grown to 311 employees at 27 locations. Westfield Bank has an A health rating.

View all posts from:

2017

3/15 - Up To $200 In Checking Bonuses

Reviews (1)

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Best Bank Ever

Posted by: Liza7183 | Dec 17, 2020

Best Bank Ever. Always Nice people in My locations. very Very Nice.

Comment

Health

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	90300
Year Established	1853
Employees	311
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	11.68%
Annual Interest Income	$20.0MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$2.47B$2.19B
Loans	Q1 2021vs Q1 2020	$1.90B$1.79B
Deposits	Q1 2021vs Q1 2020	$2.16B$1.71B
Equity Capital	Q1 2021vs Q1 2020	$210.1MM$215.2MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$21.2MM$15.8MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$6.6MM$9.5MM
Real Estate Owned	Q1 2021vs Q1 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.10%	$10	-	Signature Savings
0.10%	$10	-	Ready, Set, Grow Savings
0.05%	$10	-	Classic Statement Savings
0.05%	$10	-	Free Statement Savings w/Checking

Westfield Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$500k^*	-	Business Prime Money Market w/Checking
OTHER TIERS: 0.15% → $10 - $500k
0.20%^*	$500k^*	-	Performance Money Market w/Checking
OTHER TIERS: 0.10% → $10 - $250k \| 0.15% → $250k - $500k
0.15%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.10% → $10 - $250k
0.10%^*	$25k^*	-	Summit Money Market
OTHER TIERS: 0.05% → $10 - $25k
0.10%	$10	-	IRA Money Market

Westfield Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$10	-	WB Interest Checking

Westfield Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$1k	-	13 Month WB Signature CD w/ Checking
0.20%	$1k	-	Business 13 Month WB Signature CD w/ Checking
0.10%	$1k	-	3 Month WB Classic CD
0.10%	$1k	-	6 Month WB Classic CD
0.10%	$1k	-	12 Month WB Classic CD
0.10%	$1k	-	24 Month WB Classic CD
0.10%	$1k	-	36 Month WB Classic CD
0.10%	$1k	-	48 Month WB Classic CD
0.10%	$1k	-	Business 6 Month CD
0.10%	$1k	-	Business 12 Month CD
0.10%	$1k	-	Business 24 Month CD
0.10%	$1k	-	60 Month WB Classic CD

Westfield Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$500	-	13 Month Retirement Accumulator CD w/Checking
0.15%	$500	-	12 Month Add-On IRA
0.10%	$500	-	12 Month WB Classic IRA
0.10%	$500	-	24 Month WB Classic IRA
0.10%	$500	-	36 Month WB Classic IRA
0.10%	$500	-	48 Month WB Classic IRA
0.10%	$500	-	60 Month WB Classic IRA

Locations

Availability

Springfield Area

Springfield Area bank & credit union details

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