Looking back at our most-read banking content of 2023

Happy New Year from Westfield Bank! Before we shift gears into 2024, we’re taking a moment to reflect back on the eventful year behind us. 

What was on your mind as a consumer in 2023? Last year’s economic headlines were dominated by the high-interest rate environment and lingering inflation, the fallout felt at home as a result of global conflict, and how advancements in the digital banking era impact your personal finances.

Let’s look back at the content that Westfield Bank’s customers found the most helpful last year. Which of these articles are the most relevant to you?

1. Peer-to-peer payments
   You probably use them on a regular basis. What exactly do you need to know about these common payment services, such as Venmo and Zelle? From paying your friend back for dinner or splitting your portion of the utility bill with your roommate, the advantages of these apps are great. But have you also considered the risks and security threats involved? This article isn’t trying to scare you away from these apps, rather ensuring you’re using them in a safe and advantageous way.
2. Understanding ABA numbers
   You’re familiar with your routing number, also known as an ABA number, but do you know what all those digits actually mean? It turns out there’s an interesting history behind the routing number, and those digits all have a meaning that’s relevant to you. We give you the breakdown on this important 9-digit code. 
3. An introduction to interest
   Interest rates might be the most discussed topic in financial news coverage over the past couple of years. As consumers have been forced to learn how to navigate the persistent and historically high-rate environment, we provide you a 101 on interest rates to help you make informed decisions regarding loans and savings. 

A better banking experience with a focus on community is the advantage that our team prides itself on. No personal finance goal or challenge is too big nor too small.