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Personal CDs

Interest rates and annual percentage yields (APYs) are current as of May 22, 2024. Interest rates and APYs may change at any time at the bank's discretion. Interest is calculated on the daily collected balance and is compounded and credited monthly. Fees may reduce earnings. Refer to our Schedule of Fees for information on other fees that may apply.

If you withdraw funds from a CD within 6 days of initial deposit or within 6 days of the most recent partial withdrawal, you will be subject to a mandatory early withdrawal penalty equal to at least 7 days simple interest on the amount withdrawn, unless federal regulations permit the waiver of this penalty. If you withdraw funds at any other time before CD maturity, a penalty may be imposed for early withdrawal.

CDs automatically renew for the same term, unless otherwise specified in the account disclosure. View the account disclosures here. You have a grace period of 7 calendar days after the CD's maturity date to withdraw the funds or change terms of the account without being charged a penalty.

Download Rates Sheet

Minimum deposit to open and be maintained to obtain APY: $2,500

Term Length Interest Rate / APY
7 month term Special** 5.00% / 5.12%
1 year term 0.40% / 0.40%
13 month term Special 4.85% / 4.96%
23 month term Special 3.75% / 3.82%
2 year term 1.00% / 1.00%
3 year term 3.75% / 3.82%
4 year term* 2.50% / 2.53%

*Option for one-time penalty-free withdrawal up to 25% of principal balance.   Click here for disclosures.

** Minimum opening deposit of $10,000 or more with money not currently deposited at Westfield Bank required for 7 month term special.

Personal Checking Rates

Interest rates and annual percentage yields (APYs) are current as of May 22, 2024. Interest rates and APYs may change at any time at the bank's discretion. Interest is calculated on the daily collected balance and is compounded and credited monthly. Fees may reduce earnings. Refer to our Schedule of Fees for information on other fees that may apply.

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  Prosper Checking* Prosper Checking with Savings*** Simply Checking Select Checking
Minimum Deposit to Open $100 $100 $50 $100
balances of $0.01 through $15,000.00
(Interest Rate / APY)
0.50% / 0.50%
If qualified*
2.00% / 2.02%
If qualified*
N/A 0.01% / 0.01%
balances of $15,000.01 & above
(Interest Rate / APY)
0.05% / Blended - 0.50% - 0.12%**
(If qualified)
0.05% / Blended 2.02% - 0.34%**
(If qualified)
N/A 0.01% / 0.01%
Monthly Service Charge N/A N/A N/A $12
Minimum daily collected balance required to waive monthly service charge $0 $0 $0 $1,200

*Non-qualifying accounts will earn 0.01%/0.01% interest rate/APY on all balances. To obtain the higher APYs in the Prosper Checking account, you must meet 3 qualifications: 1) Have at least 12 debit card point-of-sale (POS) purchases post and clear within a qualification cycle; 2) Have at least 1 direct deposit or automatic payment post and clear within a qualification cycle; AND 3) Enroll in online banking and receive electronic statements to a valid e-mail address.

**Range varies depending on account balance.

Personal Savings Rates

Interest rates and annual percentage yields (APYs) are current as of May 22, 2024. Interest rates and APYs may change at any time at the bank's discretion. Interest is calculated on the daily collected balance and is compounded and credited monthly. Fees may reduce earnings. Refer to our Schedule of Fees for information on other fees that may apply.

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  Prosper Savings* Simply Savings Simply Money Market Select Money Market 90 Day Promotion** Prosper Money Market 90 Day Promotion***
Minimum Deposit to Open $100 $50 $500 $5,000 $25,000
balances of $0.01 through $9,999.99
(Interest Rate / APY)
0.15% /0.15% (If qualified*) 0.01% / 0.01% 0.01% / 0.01% 4.00% / 3.42% 4.75% / 2.50%
balances of $10,000.00 through $35,000.00
(Interest Rate / APY)
0.15% /0.15% (If qualified*) 0.01% / 0.01% 0.01% / 0.01% 4.00% / 3.42% 4.75% / 2.50%
balances of $35,001.00 through $50,000.00
(Interest Rate / APY)
0.15% / blended - 0.15% - 0.09% (If qualified*) 0.01% / 0.01% 0.01% / 0.01% 4.00% / 3.42% 4.75% / 2.50%
balances of $50,000.00 through $499,999.99
(Interest Rate / APY)
0.15% / blended - 0.15% - 0.09% (If qualified*) 0.01% / 0.01% 0.05% / 0.05% 4.00% / 3.55% 4.75% / 2.55%
balances of $500,000.00 and up
(Interest Rate / APY)
0.15% / blended - 0.15% - 0.09% (If qualified*) 0.05% / 0.05% 0.05% / 0.05% 4.00% / 3.68% 4.75% / 2.60%
Monthly Service Charge N/A $5 $10 $10 $10
Minimum daily collected balance required to waive monthly service charge $0 $100 $10,000 $10,000 $10,000

*Annual Percentage Yield (APY). Non-qualifying accounts will earn 0.01%/0.01% interest rate/APY on all balances. You must open a new or have an existing Prosper Checking account in order to have a Prosper Savings account. The primary owner of the Prosper Savings account must match the primary owner of the Prosper Checking account. The Prosper Savings account will be linked to the Prosper Checking account. Only one Prosper Savings account can be linked to each Prosper Checking account. The statement for the Prosper Savings account will be combined and delivered electronically with the statement for the linked Prosper Checking account. The Prosper Checking account must remain open throughout the period that you hold the Prosper Savings account. If the Prosper Checking account is closed, then the Prosper Savings account will be converted to a Personal Savings account. To obtain the higher APYs in the Prosper Savings account, you must meet 3 qualifications in your linked Prosper Checking account: 1) Have at least 12 debit card point-of-sale (POS) purchases post and clear within a qualification cycle; 2) Have at least 1 direct deposit or automatic payment post and clear within a qualification cycle; AND 3) Enroll in online banking and receive electronic statements to a valid e-mail address. The qualification cycle begins on the last day of the previous statement cycle and ends on the last business day before the next statement cycle ends. This statement cycle ends on the 25th of each month. If the 25th falls on a weekend or bank holiday, the statement cycle would end on the previous business day. An individual business determines the timing of processing of its POS transactions. Therefore, the bank has no control over the date items post to an account. Refer to the full Prosper Savings account disclosure for further information.

** Annual Percentage Yield (APY). Minimum balance to open and earn the promotional rate is $5,000.00. For 180 calendar days after account opening (promotional period), this account will have introductory fixed - interest rates (promotional rates) on all interest rate tiers. After the promotional period ends, the rates for all interest rate tiers will change to non-promotional variable interest rates. Currently the non-promotional rates based on account balance are as follows: 2.75% interest rate /2.78% APY for balances from $0.00 to $49,999.99; 3.00% interest rate /3.04% APY for balances from $50,000.00 to $499,999.99; 3.25% interest rate /3.30% APY for balances of $500,000.00 and higher. Variable rates may change at any time without notice. Fees could reduce earnings on this account. This is a limited time promotion which is subject to change or cancellation at any time without notice.

*** Annual Percentage Yield (APY). Minimum balance to open and earn the promotional rate is $25,000.00 in new money (money not currently on deposit with Westfield Bank). For 180 calendar days after account opening (promotional period), this account will have introductory fixed - interest rates (promotional rates) on all interest rate tiers. After the promotional period ends, the rates for all interest rate tiers will change to non-promotional variable interest rates. Currently the non-promotional rates based on account balance are as follows: 0.25% interest rate /0.25% APY for balances from $0.00 to $49,999.99; 0.35% interest rate /0.35% APY for balances from $50,000.00 to $499,999.99; 0.45% interest rate /0.45% APY for balances of $500,000.00 and higher. Variable rates may change at any time without notice. Fees could reduce earnings on this account. This is a limited time promotion which is subject to change or cancellation at any time without notice.

Personal IRA Rates

Interest rates and annual percentage yields (APYs) are current as of May 22, 2024. Interest rates and APYs may change at any time at the bank's discretion. Interest is calculated on the daily collected balance and is compounded and credited monthly. Fees may reduce earnings. Refer to our Schedule of Fees for information on other fees that may apply.

If you withdraw funds from a CD within 6 days of initial deposit or within 6 days of the most recent partial withdrawal, you will be subject to a mandatory early withdrawal penalty equal to at least 7 days simple interest on the amount withdrawn, unless federal regulations permit the waiver of this penalty. If you withdraw funds at any other time before CD maturity, a penalty may be imposed for early withdrawal.

CDs automatically renew for the same term, unless otherwise specified in the account disclosure. View the account disclosures here. You have a grace period of 7 calendar days after the CD's maturity date to withdraw the funds or change terms of the account without being charged a penalty.

Download Rates Sheet

IRA Savings

Minimum deposit to open and be maintained to obtain APY: $50

Term Length Interest Rate / APY
N/A 0.01% / 0.01%

IRA CDs

Minimum deposit to open and be maintained to obtain APY: $2,500

Term Length Interest Rate / APY
1 year IRA CD with Additional Deposits 4.85% / 4.96%
2 year term 1.00% / 1.00%
3 year term 3.75% / 3.82%
4 year term* 2.50% / 2.53%

*Option for one-time penalty-free withdrawal up to 25% of principal balance.