Westfield Bank

Overview / Commentary
141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 20th largest bank in the state of Massachusetts. It is also the 442nd largest bank in the nation. It was established in 1853 and as of March of 2022, it had grown to 313 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 Grade Components

FDIC Certificate #90300
Year Established1853
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD10.57%
Annual Interest Income$19.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$2.55B$2.47B
LoansQ1 2022vs Q1 2021$1.91B$1.90B
DepositsQ1 2022vs Q1 2021$2.28B$2.16B
Equity CapitalQ1 2022vs Q1 2021$221.9MM$210.1MM
Loan Loss AllowanceQ1 2022vs Q1 2021$19.3MM$21.2MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$3.9MM$6.6MM
Real Estate OwnedQ1 2022vs Q1 2021$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

0.10%$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

0.60%*$2m*-Portfolio Money Market w/Checking
OTHER TIERS: 0.10% $10 - $100k | 0.20% $100k - $200k | 0.35% $200k - $500k | 0.45% $500k - $2m
0.30%*$500k*-Performance Money Market w/Checking
OTHER TIERS: 0.10% $10 - $250k | 0.20% $250k - $500k
0.30%*$500k*-Small Business Money Market - w/checking
OTHER TIERS: 0.15% $10 - $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

0.10%$10-WB Portfolio Checking
0.05%$10-WB Interest Checking

Westfield Bank CD Rates

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

0.20%$500-13 Month Retirement Accumulator CD w/Checking
0.20%$500-13 Month WB Signature IRA 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


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