Westmoreland Federal Savings and Loan Association savings and CD rates
Westmoreland Federal Savings and Loan Association advertises 0.15% APY on its Passbook Savings account. That is 0.22 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2027 of 2927 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1853.
Estimate your earnings·What Westmoreland Federal Savings and Loan Association actually pays
Westmoreland Federal Savings and Loan Association at a glance
| Savings | |
|---|---|
| Top savings APY | 0.15% · Passbook Savings |
| Minimum to open | $10 · Passbook Savings |
| Against the national average | 0.22 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 4.25% · 13 months · 13 Month CD |
| Minimum to open | $500 · 13 months CD |
| Against the national average | 2.52 percentage points above the 1.73% FDIC 12-month CD average (Sep 2026) |
| FDIC certificate | 30551 · Latrobe, PA |
|---|---|
| Website | www.wfsavings.com |
| Branches | 1 branch in PA |
| Availability | Available in PA |
Westmoreland Federal Savings and Loan Association savings and CD rates
Personal
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 12.00%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Westmoreland Federal Savings and Loan Association CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | Up to4.10%That 4.10% is a promotional rate. The account advertises 3.80% after it ends. | $1,000 | 6 Month CD |
| 9 months | Up to4.10%Needs a linked account at the bank and at least $1,000 · 3.60% without the linked account | $1,000 | 9 Month CD |
| 12 months | 1.00% | $500 | 12 Month CD |
| 13 months | 4.25% | $500 | 13 Month CD |
| 24 months | 1.25% | $500 | 24 Month CD |
| 36 months | 1.50% | $500 | 36 Month CD |
| 48 months | 1.75% | $500 | 48 Month CD |
| 60 months | 2.00% | $500 | 60 Month CD |
| IRA CDs | |||
| 6 months | Up to4.10%That 4.10% is a promotional rate. The account advertises 3.80% after it ends. | $1,000 | 6 Month IRA CD |
| 9 months | Up to4.10%Needs a linked account at the bank and at least $1,000 · 3.60% without the linked account | $1,000 | 9 Month IRA CD |
| 12 months | 1.00% | $500 | 12 Month IRA CD |
| 13 months | 4.25% | $500 | 13 Month IRA CD |
| 24 months | 1.25% | $500 | 24 Month IRA CD |
| 36 months | 1.50% | $500 | 36 Month IRA CD |
| 48 months | 1.75% | $500 | 48 Month IRA CD |
| 60 months | 2.00% | $500 | 60 Month IRA CD |
Interactive Tool
Calculate Savings for Westmoreland Federal Savings and Loan Association
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$56.00(0.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,056.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Westmoreland Federal Savings and Loan Association pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Westmoreland Federal Savings and Loan Association paid a higher average rate on savings and money market deposits than 3% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Westmoreland Federal Savings and Loan Association, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Passbook Savings | 0.15% | $10 | $10 | None | not stated | not stated | One rate | not enough history |
| Fine print: No electronic withdrawals are allowed. The passbook must be present for withdrawals. Interest is compounded daily and credited quarterly. | ||||||||
| Statement Savings | 0.15% | $10 | $10 | None | not stated | not stated | One rate | not enough history |
| Fine print: Interest is compounded daily and credited quarterly. | ||||||||
| Christmas Club | 0.15% | $1 | $1 | None | not stated | not stated | One rate | not enough history |
| Fine print: Interest is compounded daily and credited at club maturity. Withdrawals are not permitted during the club term. Club checks are issued in October. | ||||||||
| Vacation Club | 0.15% | $1 | $1 | None | not stated | not stated | One rate | not enough history |
| Fine print: Interest is compounded daily and credited at club maturity. Withdrawals are not permitted during the club term. Club checks are issued in April. | ||||||||
| IRA | ||||||||
| IRA Statement Savings | 0.15% | not stated | $10 | None | not stated | not stated | One rate | not enough history |
| Fine print: IRA Statement Savings earns the same rate as the regular Statement Savings account and allows additions at any time. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 6 Month CD | 6 months | Up to 4.10% | $1,000 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. Early withdrawal penalty: 3 months interest on terms less than 1 year. A $10,000 new-money deposit earns a higher rate. | |||||
| 9 Month CD | 9 months | Up to 4.10% | $1,000 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. Early withdrawal penalty: 3 months interest on terms less than 1 year. A higher rate applies with a checking account and direct deposit. | |||||
| 12 Month CD | 12 months | 1.00% | $500 | not stated | not stated |
| 13 Month CD | 13 months | 4.25% | $500 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. Early withdrawal penalty: 6 months interest on terms of 1 year and over. | |||||
| 24 Month CD | 24 months | 1.25% | $500 | not stated | not stated |
| 36 Month CD | 36 months | 1.50% | $500 | not stated | not stated |
| 48 Month CD | 48 months | 1.75% | $500 | not stated | not stated |
| 60 Month CD | 60 months | 2.00% | $500 | not stated | not stated |
| IRA CDs | |||||
| 6 Month IRA CD | 6 months | Up to 4.10% | $1,000 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. The early withdrawal penalty is waived for a reportable distribution at age 59 1/2 or older, or if the account holder is disabled. A $10,000 new-money deposit earns a higher rate. | |||||
| 9 Month IRA CD | 9 months | Up to 4.10% | $1,000 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. The early withdrawal penalty is waived for a reportable distribution at age 59 1/2 or older, or if the account holder is disabled. A higher rate applies with a checking account and direct deposit. | |||||
| 12 Month IRA CD | 12 months | 1.00% | $500 | not stated | not stated |
| 13 Month IRA CD | 13 months | 4.25% | $500 | not stated | not stated |
| Fine print: Interest is compounded monthly. Certificates automatically renew at maturity. Specials are for a limited time period and can be withdrawn at the bank's discretion. The early withdrawal penalty is waived for a reportable distribution at age 59 1/2 or older, or if the account holder is disabled. | |||||
| 24 Month IRA CD | 24 months | 1.25% | $500 | not stated | not stated |
| 36 Month IRA CD | 36 months | 1.50% | $500 | not stated | not stated |
| 48 Month IRA CD | 48 months | 1.75% | $500 | not stated | not stated |
| 60 Month IRA CD | 60 months | 2.00% | $500 | not stated | not stated |
Fine print for 5 CDs above: Interest is compounded monthly. Certificates automatically renew at maturity. Early withdrawal penalty: 6 months interest on terms of 1 year and over.
Fine print for 5 CDs above: Interest is compounded monthly. Certificates automatically renew at maturity. The early withdrawal penalty is waived for a reportable distribution at age 59 1/2 or older, or if the account holder is disabled.
Opening and using the account
| Availability | Available in PA |
|---|---|
| Footprint | 1 branch in PA |
| Eligibility | not stated |
How Westmoreland Federal Savings and Loan Association behaves over time
- Rate last changed
- Oct 12, 2026(effective date)
$10,000 at the 0.15% APY Westmoreland Federal Savings and Loan Association advertises on Passbook Savings grows to $10,015 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,686 does today. See how the federal funds rate shapes savings rates.
Westmoreland Federal Savings and Loan Association CD rates over time
Who is Westmoreland Federal Savings and Loan Association?
| Headquarters | Latrobe, PA |
|---|---|
| Founded | 1952 |
| Scale | $167M assets · $121M deposits, $118M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 30551 |
| Charter state | Pennsylvania · one of 110 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,351st-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 20% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Westmoreland Federal Savings and Loan Association pays on deposits above.
Common questions about Westmoreland Federal Savings and Loan Association
Is Westmoreland Federal Savings and Loan Association FDIC insured?
Yes. Westmoreland Federal Savings and Loan Association is FDIC insured under certificate 30551, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Westmoreland Federal Savings and Loan Association?
Westmoreland Federal Savings and Loan Association requires a minimum deposit of $10 to open its Passbook Savings account, as observed on Oct 12, 2026. Check the bank's current terms before you open an account.
Does Westmoreland Federal Savings and Loan Association have branches?
Yes. Westmoreland Federal Savings and Loan Association operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Westmoreland Federal Savings and Loan Association against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Westmoreland Federal Savings and Loan Association | 0.15% | 0.15% | $10 | 1 branch in PA |
| ACNB Bank | 0.15% | 1.09% | $1,000 | 33 branches in MD, PA |
| American Metro Bank | 0.15% | 2.40% | $250 | 2 branches in IL |
| Bank of Deerfield | 0.15% | 1.28% | $25 | 2 branches in WI |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Westmoreland Federal Savings and Loan Association's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Pennsylvania, nearest to Westmoreland Federal Savings and Loan Association in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: CD rates in Pennsylvania, and banks in Pennsylvania.