Deposit Rates

Print this page

The following Interest Rates and Annual Percentage Yields (APY) are accurate as of October 2, 2017.

Subject to customers residing or working in Hampden or Hampshire Counties of MA; Greater Granby CT Area, Northern Hartford or Northern Tolland Counties of CT.
 

Important Information

  • For all savings and checking accounts, the interest rates are variable. For variable rate accounts, the rate may change after the account is opened.
  • Fees could reduce earnings on the accounts.
  • For time deposits, a penalty may be imposed for early withdrawal.
     

Questions about deposit rates? 

Contact a Customer Service Representative at (413) 568-1911, (800) 995-5734 or visit one of our convenient offices.

Savings Accounts

Type of Account

Interest Rate

APY

Min. balance to earn APY

Classic Statement

0.10%

0.10%

$10.00

Free Statement*

0.10%

0.10%

$10.00

Ready, Set, Grow

0.10%

0.10%

$10.00

Signature**

0.15%

0.15%

$10.00

* Only available to WB Free or WB 18-25 checking account owners

** Only available to WB Signature checking account owners 

Interest Checking Account

Type of Account

Interest Rate

APY

Min. balance to earn APY*

WB Interest

0.10%

0.10%

$10.00

*Minimum to open account is $10.00

Money Market Accounts

Type of Account

Interest Rate

APY

Min. balance to earn APY

Summit Money Market

0.10%

0.10%

$10.00 to $9,999.99

0.10%

0.10%

 $10,000 to 24,999.99

0.10%

0.10%

$25,000 to $49,999.99

0.10%

0.10%

$50,000 to $99,999.99

0.10%

0.10%

$100,000 & Over

Performance Money Market* 

0.15%

0.15%

$10.00 to $99,999.99

0.30%

0.30%

$100,000.00 to $249,999.99

0.40%

0.40%

$250,000.00 to $499,999.99

0.45%

0.45%

$500,000.00 & Over  

IRA Money Market

0.10%

0.10%

$10.00 to $24,999.99

0.15%

0.15%

$25,000.00 to $49,999.99

0.20%

0.20%

$50,000.00 to $99,999.99

0.20%

0.20%

$100,000.00 to $249,999.99

0.20%

0.20%

$250,000.00 & Over 

 *Only available to WB Performance Checking account owners

Business Money Market Accounts

Type of Account

Interest Rate

APY

Min. balance to earn APY

Business Money Market*

0.10% 

0.10% 

$10.00 to $24,999.99

0.10% 

0.10% 

$25,000 to $49,999.99

0.10% 

0.10% 

$50,000 to $249,999.99

0.15%

0.15%

$250,000 to $499,999.99

0.15%

0.15%

$500,000 to $1,999,999.99

0.15%

0.15%

$2,000,000 and over

Business Prime Money Market**

0.15%

0.15%

$10.00 to $499,999.99

0.15%

0.15%

$500,000 and over

*$5 monthly service charge if balance is below $500
**Only available to Business checking account owners

Certificates of Deposit

Type of Account

Interest Rate

APY

Min. balance to open*

3 Month WB Classic

0.10%

0.10%

$1,000.00

6 Month WB Classic

0.20%

0.20%

$1,000.00

12 Month WB Classic

0.30%

0.30%

$1,000.00

24 Month WB Classic

0.50%

0.50%

$1,000.00

36 Month WB Classic

0.75%

0.75%

$1,000.00

48 Month WB Classic

1.00%

1.00%

$1,000.00

*Minimum balance to earn APY is $10.00   

Signature Certificates of Deposit*

Type of Account

Interest Rate

APY

Min. balance to open**

11 Month WB Signature

1.00%

1.00%

$1,000.00

18 Month WB Signature

1.49%

1.50%

$1,000.00

60 Month WB Signature

1.74%

1.75%

$1,000.00

*Only available to WB Performance, and WB Signature checking account owners. Refer to the Truth In Savings Disclosure for "Additional Terms."
**Minimum balance to earn APY is $10.00

Business Certificates of Deposit

Type of Account

Interest Rate

APY

Min. balance to open*

6 Month Business CD

0.20%

0.20%

$1,000.00

12 Month Business CD

0.30%

0.30%

$1,000.00

24 Month Business CD

0.50%

0.50%

$1,000.00

48 Month Business CD

1.00%

1.00%

$1,000.00

*Minimum balance to earn APY is $10.00

IRA Certificates of Deposit

Type of Account

Interest Rate

APY

Min. balance to open*

12 Month WB Classic

 0.30%

 0.30%

$500.00

24 Month WB Classic

0.50%

0.50%

$500.00

36 Month WB Classic

0.75%

0.75%

$500.00

48 Month WB Classic

 1.00%

 1.00%

$500.00

*Minimum balance to earn APY is $10.00

Signature IRA Certificates of Deposit*

Type of Account

Interest Rate

APY

Min. balance to open**

11 Month WB Signature

1.00%

1.00%

$500.00

18 Month WB Signature

1.49%

1.50%

$500.00

60 Month WB Signature

1.74%

1.75%

$500.00

*Only available to WB Performance, and WB Signature checking account owners. Refer to the Truth In Savings Disclosure for "Additional Terms."

**Minimum balance to earn APY is $10.00

WB Retirement Accumulator Certificate of Deposit*

Type of Account

Interest Rate

APY

Min. balance to open**

13 Month

1.09%

1.10%

$500.00

*Only available to WB Performance, and WB Signature checking account owners. Refer to the Truth In Savings Disclosure for "Additional Terms."

**Minimum balance to earn APY is $10.00

Add-On IRA Certificate of Deposit

Type of Account

Interest Rate

APY

Min. balance to open*

12 Month

0.40%

0.40%

$50.00

*Minimum balance to earn APY is $10.00.

Open a New Account

Getting your Westfield Bank account opened online is simple, secure, and only takes a few minutes. See for yourself what better banking is all about.

Let's Get Started>