Doing business is easier with Westfield Bank
You work hard to save money and grow your business. You deserve deposit accounts that work just as hard for you. Whether you're interested in a
traditional savings or business checking account, cash investment account, or a Health Savings Account, we have what you need. No matter which options
you choose, you can count on Westfield to offer the most convenience and the best perks. Interested in direct deposit, check writing and overdraft
protection? You've got it. The same goes for online banking, free unlimited access to our network of Westfield Bank ATMs, surcharge-free ATM withdrawals
at many local, regional and national ATMs, free deposit and balance inquiries, and a lot more.
Our Business Cash Management program lets you originate Automated Clearing House (ACH) transactions, make wire transfers, and even export your banking
data into Quicken, Microsoft Money or Peachtree. Now, that's what we call power tools. Don't forget to check out our
interest rates and
the other great reasons why it pays to sign up for a Westfield Bank account today.
| Available Features |
Statement Savings and Escrow Savings |
Money Market Savings/
Cash Investment |
Relationship Money Market Savings |
Westfield Agency Savings |
| Minimum Opening Balance |
$50 |
$500 |
$500 |
$0 |
| FDIC Insured |
Yes |
Yes |
Yes |
Yes |
| Check Writing Privileges |
No |
Yes |
Yes |
Yes |
| ATM Card Access |
Yes |
Yes |
Yes |
Yes |
| Online Banking |
Yes |
Yes |
Yes |
Yes |
| Direct Deposits |
Yes |
Yes |
Yes |
Yes |
| Telephone Banking Access 24/7 |
Yes |
Yes |
Yes |
Yes |
| Overdraft Protection to Checking Account |
Yes |
Yes |
No |
No |
| Combined Statement Available |
Yes |
Yes |
Yes |
Yes |
| Federal regulations restrict account holders to six “preauthorized” withdrawals per month. Preauthorized withdrawals
include telephone transfers, wire transfers, automatic payments and checks. Regulations allow three of the six withdrawals to be by check.
The law allows unlimited withdrawals at branches, ATMs and by mail. |
| Rates & Fees |
Statement Savings and Escrow Savings |
Money Market Savings/
Cash Investment |
Relationship Money Market Savings |
Westfield Agency Savings |
Interest Rate / APY
on Daily Balance: |
Rate / APY |
Rate / APY |
Rate / APY |
Rate / APY |
| From $0.00 through $4,999.99 |
1.00%/ 1.00% |
1.000% / 1.00% |
1.240% / 1.25% |
1.000% / 1.00% |
| From $5,000.00 through $9,999.99 |
1.00% / 1.00% |
1.000% / 1.00% |
1.240% / 1.25% |
1.000% / 1.00% |
| From $10,000.00 through $24,999.99 |
1.00% / 1.00% |
1.240% / 1.25% |
1.490% / 1.50% |
1.240% / 1.25% |
| From $25,000.00 through $49,999.99 |
1.00% / 1.00% |
1.240% / 1.25% |
1.490% / 1.50% |
1.240% / 1.25% |
| From $50,000.00 through $99,999.99 |
1.00% / 1.00% |
1.680% / 1.69% |
2.120% / 2.14% |
1.740% / 1.75% |
| From $100,000.00 and above |
1.00% / 1.00% |
1.680% / 1.69% |
2.120% / 2.14% |
2.020% / 2.04% |
| The interest rate and annual percentage yield (APY) may change at any time. Interest is compounded monthly and paid monthly.
Interest begins to accrue on the business day funds are collected. |
| Minimum Daily Collected Balance required to waive monthly service charges |
$100 |
$10,000 |
$10,000 |
n/a |
| Monthly Service Charge |
$2.00 |
$6.00 |
$6.00 |
n/a |
| Optional Services |
Statement Savings and Escrow Savings |
Money Market Savings/
Cash Investment |
Relationship Money Market Savings |
Westfield Agency Savings |
| ATM |
| Free ATM withdrawals |
8 per Month |
8 per Month |
8 per Month |
8 per Month |
| Additional ATM Withdrawals over 8 |
$2.00 each |
$2.00 each |
$2.00 each |
$2.00 each |
| Surcharge free transactions at Huntington Bank, KeyBank and FirstMerit ATMs |
Free |
Free |
Free |
Free |
| Unlimited transactions at Westfield ATMs |
Free |
Free |
Free |
Free |
| Deposit and Balance Inquires |
Free |
Free |
Free |
Free |
| Overdraft Protection for Checking: |
| Automatic Transfer from Savings Account |
$5 per Transfer |
$5 per Transfer |
$5 per Transfer |
$5 per Transfer |
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