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Westfield Bank Rates & Review April 2026

Q: How many branches does Westfield Bank operate?

Westfield Bank currently maintains approximately 27 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Westfield Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Westfield Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 11, 2026

You can compare Westfield Bank rates to other rates in our database, including 12-month CD rates currently at 2.02%, 6-month CD rates at 2.75% and 3-month CD rates at 3.01%. Savings rates are at 0.50% and money market rates are at 0.15%. Mortgage rates on 30-year fixed loans are around 5.95%. All these rates can be compared to Westfield Bank rates. MonitorBankRates evaluates the financial stability of Westfield Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.67%. Rates were last updated on 04/11/2026.

Westfield Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Westfield Bank? Share your experience about Westfield Bank by leaving a review below, or read customer reviews before you decide to use Westfield Bank.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.67%

Excellent Lower than avg

Westfield Bank

141 Elm St
Westfield, MA 01085

https://www.westfieldbank.com

Westfield Bank Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Line of Credit	-	-	6.25%
Details The interest rate is Prime Rate as published in the Wall Street Journal minus 0.50%, currently 6.250% as of 12/11/2025 with an APR of 6.250%, can change monthly and may increase. The minimum APR is 4.25%, the maximum APR is 18%. The minimum HELOC amount is $10,000. Processing fee of $199 will apply if the HELOC is approved and closed. Other closing costs range between $420 and $950 and are generally lender paid. However, the HELOC is subject to an early termination fee of $550 if prepaid in full and closed within 24 months. A $330 drive by appraisal is required to be paid by the borrower for loans between $250,000-$399,999. A $525 full appraisal is required to be paid by the borrower for loans equal to or greater than $400,000. The 10-year draw period is interest only and the remaining 15-year repayment period will be the principal balance remaining at the end of the draw period divided by the number of months in the repayment period, plus interest. Property insurance is required. Offer may be rescinded at any time. Last Updated 03/29/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.67%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Westfield Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Westfield Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Westfield Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Westfield Bank

Bank Holding Company WESTERN NEW ENGLAND BCORP INC

Address 141 Elm St, Westfield, MA 01085 · Hampden

Website https://www.westfieldbank.com

FDIC Certificate # 90300

Established 04/15/1853

FDIC Insurance Date 08/09/1989

Domestic Offices 27

Total Branches 27

Regulator OCC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

2.67%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.7634%

Return on Equity (ROE) 8.2600%

Non-Performing Loans (NPL) 0.23%

Total Assets $2,734,114,000

Total Deposits $2,363,037,000

Equity Capital $252,553,000

Net Income $17,957,000

Headquarters Westfield

Total Offices 27

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About Westfield Bank

Is Westfield Bank a safe place to deposit money?

Yes, Westfield Bank is considered a safe financial institution. With a Texas Ratio of 2.6729238061139%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Westfield Bank operate?

Westfield Bank currently maintains approximately 27 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Westfield Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Westfield Bank provides members with tools to manage their accounts and build a solid financial history.

Does Westfield Bank offer online and mobile banking?

Most modern institutions like Westfield Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.westfieldbank.com.