Westfield Bank Signature CD
Westfield Bank Signature CD
in CD Accounts from Westfield Bank · Member FDIC

Westfield Bank Signature CD

in CD Accounts from Westfield Bank · Member FDIC
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APY (Annual Percentage Yield) 0.25%
Minimum Opening Deposit Starting at $1,000
Certificate Term 13 months

Westfield Bank Signature CD Review

Westfield Bank Signature CD are offered by Westfield Bank, a bank founded in 1998 and based in Westfield, MA. Westfield Bank Signature CD are available in 2 states across the USA.

Key Takeaways

  • Only one CD type available. Westfield Bank Signature CD only offers traditional CD accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a CD account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Limited selection of CD terms. Westfield Bank Signature CD only offers one CD term. This limits your options when trying to set up a CD ladder.

Pros & Cons of Westfield Bank Signature CD

Pros Cons
  • FDIC insured.
  • High-interest yield.
  • Only available in 2 states.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

Westfield Bank Signature CD FAQ

Are CD from Westfield Bank federally insured?

Yes, your Westfield Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Westfield Bank offer?

Westfield Bank Signature CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.

What rates does Westfield Bank offer on its CDs?

The CD rates for this account have an APY of0.25% (APY stands for annual percentage yield, rates may change).

What terms does Westfield Bank Signature CD offer?

Westfield Bank offers CD terms of the following lengths:
Westfield Bank Signature CD Rates & Terms
APY (Annual Percentage Yield) 0.25%

What is the minimum deposit to open a CD account with Westfield Bank?

Westfield Bank Signature CD require a minimum deposit of $1,000 to open an account.

What is the grace period for Westfield Bank Signature CD?

There is a 10-day grace period for Westfield Bank Signature CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Westfield Bank charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.

Westfield Bank does not charge an early withdrawal fee.

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Message From Westfield Bank Signature CD

13 Month Signature CD ---- Available to WB Portfolio, WB Performance, and WB Signature checking account owners, these CDs offer a higher annual percentage yield than our regular Certificates of Deposit. 


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 8:30am - 1:00pm

About Westfield Bank Signature CD

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View all cd accounts offered by Westfield Bank


  Available in 2 states
  • Connecticut
  • Massachusetts

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.25%
Certificate Term 13 months
CD Accounts Traditional
Grace Period for Account Changes 10 days

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Westfield Bank CD Accounts