IRAs
Your neighborhood Westfield Bank branch also offers IRAs. An IRA is an Individual Retirement Account, and provides either a tax-deferred or tax-free way of saving for retirement. There are many different types of accounts within the world of IRAs, depending on the financial goals and situations of each individual. Traditional and Roth IRAs are the most common choices. To learn more about IRA’s and how they work, click here.
Westfield Bank offers several options for IRA's.
| IRA Time Deposit (Certificate of Deposit) |
IRA Savings | |
| Minimum Opening Balance | $2,000 | $500 |
| FDIC Insured | Yes | Yes |
| Online Banking with Checking or Savings | Inquiry Only | Inquiry Only |
| Telephone Banking Access 24/7 | Summary Only | Summary Only |
For additional options and rate information, click here.
To open your IRA, visit your neighborhood Westfield Bank office or call our customer resource center at 1.800.368.8930.
