Westfield Bank

Overview / Commentary
141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 22nd largest bank in the state of Massachusetts. It is also the 414th largest bank in the nation. It was established in 1853 and as of June of 2020, it had grown to 327 employees at 25 locations. Westfield Bank has an A health rating.

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Health Grade Components

FDIC Certificate #90300
Year Established1853
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.44%
Annual Interest Income$40.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.43B$2.12B
LoansQ2 2020vs Q2 2019$1.98B$1.71B
DepositsQ2 2020vs Q2 2019$1.95B$1.65B
Equity CapitalQ2 2020vs Q2 2019$216.7MM$217.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$18.3MM$12.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$10.2MM$14.9MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

0.15%$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

0.50%*$500k*-Business Prime Money Market w/Checking
OTHER TIERS: 0.15% $10 - $500k
0.40%*$500k*-Performance Money Market w/Checking
OTHER TIERS: 0.15% $10 - $100k | 0.20% $100k - $250k | 0.30% $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
0.10%$10-Summit Money Market

Westfield Bank Checking Account Rates

0.10%$10-WB Interest Checking

Westfield Bank CD Rates

0.45%$1k-7 Month WB Signature CD w/ Checking
0.45%$1k-Business 7 Month CD w/Checking
0.30%$1k-12 Month WB Classic CD
0.30%$1k-24 Month WB Classic CD
0.30%$1k-36 Month WB Classic CD
0.30%$1k-48 Month WB Classic CD
0.30%$1k-Business 12 Month CD
0.30%$1k-Business 24 Month CD
0.30%$1k-60 Month WB Classic 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

0.45%$500-13 Month Retirement Accumulator CD w/Checking
0.45%$500-7 Month WB Signature IRA w/Checking
0.30%$500-12 Month WB Classic IRA
0.30%$500-24 Month WB Classic IRA
0.30%$500-12 Month Add-On IRA
0.30%$500-36 Month WB Classic IRA
0.30%$500-48 Month WB Classic IRA
0.30%$500-60 Month WB Classic IRA


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