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 22^nd largest bank in the state of Massachusetts. It is also the 470^th largest bank in the nation. It was established in 1853 and as of June of 2024, it had grown to 327 employees at 27 locations. Westfield Bank has an A health rating.

View all posts from:

2017

3/15 - Up To $200 In Checking Bonuses

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	90300
Year Established	1853
Employees	327
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.59%
Return on Equity - YTD	6.25%
Annual Interest Income	$53.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$2.58B$2.56B
Loans	Q2 2024vs Q2 2023	$2.01B$2B
Deposits	Q2 2024vs Q2 2023	$2.18B$2.16B
Equity Capital	Q2 2024vs Q2 2023	$241.9MM$240MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$19.4MM$19.6MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$5.8MM$5.7MM
Real Estate Owned	Q2 2024vs Q2 2023	$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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Westfield Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
4.00%^*^†	$2m^*	-	Portfolio Money Market w/Checking
OTHER TIERS: 0.50% → $10 - $100k \| 1.00% → $100k - $200k \| 2.00% → $200k - $500k \| 3.00% → $500k - $2m
2.00%^*^†	$500k^*	-	Performance Money Market w/Checking
OTHER TIERS: 0.20% → $10 - $100k \| 0.75% → $100k - $250k \| 1.50% → $250k - $500k
1.50%^*^†	$500k^*	-	Small Business Money Market - w/checking
OTHER TIERS: 0.35% → $10 - $500k
0.90%^*	$500k^*	-	Business Summit Money Market
OTHER TIERS: 0.15% → $10 - $50k \| 0.25% → $50k - $500k
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
0.10%^†	$10	-	WB Portfolio Checking
0.05%^†	$10	-	WB Interest Checking

Westfield Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$10	-	Business 6 Month CD w/ Business Checking
4.15%^†	$10	-	7 Month WB Portfolio CD w/ Checking
4.00%^†	$10	-	7 Month WB Signature CD w/ Checking
0.10%^†	$10	-	3 Month WB Classic CD
0.10%^†	$10	-	6 Month WB Classic CD
0.10%^†	$10	-	12 Month WB Classic CD
0.10%^†	$10	-	24 Month WB Classic CD
0.10%^†	$10	-	36 Month WB Classic CD
0.10%^†	$10	-	48 Month WB Classic CD
0.10%^†	$10	-	Business 12 Month CD
0.10%^†	$10	-	Business 24 Month CD
0.10%^†	$10	-	60 Month WB Classic CD

Westfield Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$10	-	7 Month WB Portfolio IRA w/Checking
4.00%^†	$10	-	7 Month WB Signature IRA w/Checking
3.90%^†	$10	-	13 Month Retirement Accumulator CD w/Checking
0.15%^†	$10	-	12 Month Add-On IRA
0.10%^†	$10	-	12 Month WB Classic IRA
0.10%^†	$10	-	24 Month WB Classic IRA
0.10%^†	$10	-	36 Month WB Classic IRA
0.10%^†	$10	-	48 Month WB Classic IRA
0.10%^†	$10	-	60 Month WB Classic IRA

Locations

Availability

Springfield Area

Springfield Area bank & credit union details

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