Westfield Bank


Overview / Commentary
413-568-1911
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 413th largest bank in the nation. It was established in 1853 and as of September of 2020, it had grown to 312 employees at 27 locations. Westfield Bank has an A health rating.

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Reviews (1)

Best Bank Ever

Posted by: |

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



Health

Health Grade Components

Overall
FDIC Certificate #90300
Year Established1853
Employees312
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD4.47%
Annual Interest Income$61.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$2.48B$2.17B
LoansQ3 2020vs Q3 2019$1.95B$1.74B
DepositsQ3 2020vs Q3 2019$2.02B$1.68B
Equity CapitalQ3 2020vs Q3 2019$217.4MM$219.5MM
Loan Loss AllowanceQ3 2020vs Q3 2019$20.7MM$13.3MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$9.1MM$11.0MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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-Ready, Set, Grow Savings
0.05%$10-Classic Statement Savings
0.05%$10-Free Statement Savings w/Checking

Westfield Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$500k*-Performance Money Market w/Checking
OTHER TIERS: 0.15% $10 - $100k | 0.20% $100k - $250k | 0.25% $250k - $500k
0.30%*$500k*-Business Prime Money Market w/Checking
OTHER TIERS: 0.15% $10 - $500k
0.15%*$250k*-Business Money Market
OTHER TIERS: 0.10% $10 - $250k
0.10%$10-Summit Money Market
0.10%$10-IRA Money Market

Westfield Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-WB Interest Checking

Westfield Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-13 Month WB Signature CD w/ Checking
0.25%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-13 Month Retirement Accumulator CD w/Checking
0.20%$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



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