It’s a hybrid savings account that earns high interest on the balance amount in your account. This account gives you the flexibility to write checks, as well as deposit money earning higher than average interest. With the Waterman Money Market account, the more you save the more you’ll earn.

• Submit a wire transfer
• Request a telephone transfer
• Use online banking to move money between Waterman Bank accounts
• Transfer money between external accounts using Bill Pay

There are several ways to make a deposit:

• Transfer money online between Waterman Bank accounts
• Deposit a check with Waterman Bank Mobile app with mobile deposit
• Sign up for direct deposit with your employer or for your Social Security deposits
• Wire transfer
• Send us a check by U.S. mail (Please don’t send cash)
• Transfer money between external accounts using Bill Pay
• Make an in-person cash or check deposit a Waterman branch

The main difference between how the Waterman High Yield Savings account and Waterman Money Market account is that a Waterman Money market account allows the option of writing checks from that account. The Waterman High Yield Savings account does not allow to you to write check from that account. There are also other differences such as balance requirements and how the different accounts earn interest. Please see our compare savings page for more information.