Westfield Bank
Westfield Bank is an FDIC insured institution headquartered at
141 Elm St, Westfield, MA 01085.
It was founded in
1853 and has approximately $3 billion in assets. Customers can open an account at one of its 23 branches.
Deposit Rates - March 29, 2025
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
0.05% | $10 | Compare |
|
SAV
|
0.10% | $11 | Compare |
|
SAV
|
0.15% | $12 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
0.10% | $1,000 | Compare |
|
6 Mo CD
|
0.10% | $1,000 | Compare |
|
6 Mo CD
|
3.75% | $1,001 | Compare |
|
7 Mo CD
|
3.90% | $1,000 | Compare |
|
12 Mo CD
|
0.10% | $1,000 | Compare |
|
13 Mo CD
|
3.65% | $1,000 | Compare |
|
24 Mo CD
|
0.10% | $1,000 | Compare |
|
36 Mo CD
|
0.10% | $1,000 | Compare |
|
48 Mo CD
|
0.10% | $1,000 | Compare |
|
60 Mo CD
|
0.10% | $1,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.05% | $15 | Compare |
|
Money Market
|
0.10% | $25,001 | Compare |
|
Money Market
|
0.75% | $100,000 | Compare |
|
Money Market
|
1.50% | $250,000 | Compare |
|
Money Market
|
2.00% | $500,000 | Compare |
| PREMM RATES | APY | MIN | |
|---|---|---|---|
|
Premium Money Market
|
0.50% | $10 | Compare |
|
Premium Money Market
|
1.00% | $100,000 | Compare |
|
Premium Money Market
|
2.00% | $200,000 | Compare |
|
Premium Money Market
|
3.00% | $500,000 | Compare |
|
Premium Money Market
|
3.80% | $2,000,000 | Compare |
| VARIABLE IRA RATES | APY | MIN |
|---|---|---|
|
VIRA
|
0.10% | $10 |
|
VIRA
|
0.15% | $50 |
|
VIRA
|
0.10% | $25,000 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
INTCK
|
0.05% | $10 |
|
INTCK
|
0.10% | $11 |
Loan Rates - March 29, 2025
| MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
5 Year Adjustable Conforming
|
6.88% | $2,102.81 |
|
7 Year Adjustable Conforming
|
6.23% | $1,966.97 |
|
10 Year Fixed Conforming
|
6.45% | $3,560.37 |
|
15 Year Fixed Conforming
|
6.69% | $2,737.30 |
|
20 Year Fixed Conforming
|
6.82% | $2,371.16 |
|
30 Year Fixed Conforming
|
6.90% | $2,050.69 |
| MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
5 Year Adjustable Conforming
|
6.88% | $2,102.81 |
|
7 Year Adjustable Conforming
|
6.23% | $1,966.97 |
|
10 Year Fixed Conforming
|
6.45% | $3,560.37 |
|
15 Year Fixed Conforming
|
6.69% | $2,737.30 |
|
20 Year Fixed Conforming
|
6.82% | $2,371.16 |
|
30 Year Fixed Conforming
|
7.28% | $2,050.69 |
| HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
|---|---|---|---|---|
|
Line of Credit
|
1.99% | Varies | ||
Compare with 6.99 RATE Line of Credit from Third Federal Savings and Loan
|
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Compare with 7.25 RATE Line of Credit from Figure Home Equity
|
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|
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Compare with 7.25 RATE Line of Credit from Reliant Home Funding, Inc
|
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Compare with RATE Line of Credit from CrossCountry Mortgage, LLC
|
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Compare with RATE Line of Credit from Point Digital Finance
|
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Compare with RATE Line of Credit from Figure Home Equity Line
|
||||
Compare with RATE Line of Credit from Upstart
|
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Compare with RATE Line of Credit from District Lending
|
||||
Compare with RATE Line of Credit from New American Funding, LLC
|
||||
Compare with RATE Line of Credit from AmeriSave Mortgage Corporation
|
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Compare with RATE Line of Credit from Top Flite Financial
|
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|
5 Year Loan
|
7.63% | $2,008.03 | ||
|
10 Year Loan
|
7.77% | $1,200.00 | ||
|
15 Year Loan
|
7.98% | $953.69 | ||
|
20 Year Loan
|
6.51% | $746.34 | ||
| AUTO LOAN RATES | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
3 Year
|
4.17% | $738.10 |
|
4 Year
|
4.13% | $564.48 |
|
5 Year
|
4.10% | $460.41 |
Overview 2025
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 90300 |
| Date Established | 1853 |
| Assets | $ 2.64 billion |
| Loans | $ 2.03 billion |
| Deposits | $ 2.23 billion |
| Capital | $ 245.79 million |
Summary Balance Sheet as of September 30, 2024
| ASSETS | |
| Cash & Balances due from depository institutions | $ 59.96 million |
| Interest-bearing balances | $ 31.45 million |
| Total securities | $ 369.41 million |
| Federal funds sold and reverse repurchase | $ 12.56 million |
| Net loans and leases | $ 2.03 billion |
| Loan loss allowance | $ 19.96 million |
| Trading account assets | $ 4.37 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 14.48 million |
| All other assets | $ 110.88 million |
| Total Assets | $ 2.39 billion |
| LIABILITIES | |
| Total deposits | $ 2.23 billion |
| Interest-bearing deposits | $ 1,655.52 million |
| Deposits held in domestic offices | $ 2.23 billion |
| % insured (estimated)" | 72.33% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | $ 4.37 million |
| Other borrowed funds | $ 6.15 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 38.20 millionn |
| Total Liabilities | $ 2.39 billion |
| Shareholders’ Equity | $ 245.79 million |
Summary Income Statement as of September 30, 2024
| INCOME AND EXPENSES | |
| Total Interest Income | $ 81.24 million |
| Total Interest Expense | $ 35.94 million |
| Net interest income | $ 45.30 million |
| Provision for loan and lease losses | $ 0.10 million |
| Total non interest income | $ 9.63 million |
| Total non interest expense | $ 42.26 million |
| Pre-tax Net Operating Income | $ 16.61 million |
Customer Reviews for Westfield Bank
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