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Westfield Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.westfieldbank.com
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 468th largest bank in the nation. It was established in 1853 and as of March of 2025, it had grown to 312 employees at 27 locations. Westfield Bank has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90300
Year Established1853
Employees312
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD4.95%
Annual Interest Income$28.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.71B$2.56B
LoansQ1 2025vs Q1 2024$2.06B$2.01B
DepositsQ1 2025vs Q1 2024$2.33B$2.15B
Equity CapitalQ1 2025vs Q1 2024$243MM$241.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$19.7MM$19.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5.5MM$5.7MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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.

† 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

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
3.80%*†$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%†$10-WB Portfolio Checking
0.05%†$10-WB Interest Checking

Westfield Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%†$10-5 Month WB Portfolio CD w/ Checking
3.75%†$10-5 Month WB Signature CD w/ Checking
3.75%†$10-Business 5 Month CD
3.65%†$10-13 Month WB Portfolio CD w/ Checking
3.40%†$10-13 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 6 Month 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%†$10-5 Month WB Portfolio IRA w/Checking
3.75%†$10-5 Month WB Signature IRA w/Checking
3.65%†$10-13 Month WB Portfolio IRA w/checking
3.40%†$10-13 Month Retirement Accumulator CD w/Checking
3.40%†$10-13 Month WB Signature IRA 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



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