Waterman Bank
| Account Type | Minimum to Open1 | Balance Tiers and Conditions to Earn APY | Interest Rate | APY2 |
|---|---|---|---|---|
|
CHECKING AND SAVINGS ACCOUNTS |
||||
|
Checking |
$50.00 |
All balances earn the lower rate.
Direct deposit or 8 debit card
transactions per month required to
earn the higher rate.6 |
0.50% 0.75% |
0.50% 0.75% |
|
Money Market3 |
$2,500.00 |
$0.01-$2,499.99 $2,500.00+ |
0.00% 3.75% |
0.00% 3.82% |
|
High-Yield Savings |
$50.00 |
$0.01 |
3.75% |
3.82% |
|
Kids Savings4 |
$50.00 |
$0.01 |
3.75% |
3.82% |
|
Christmas Club |
$0.01 |
$0.01 |
0.25% |
0.25% |
|
Business Checking |
$50.00 |
$50.00 |
0.50% |
0.50% |
|
Business Money
Market3 |
$2,500.00 |
$0.01-$2,499.99 $2,500.00+ |
0.00% 3.75% |
0.00% 3.82% |
|
Business Savings |
$50.00 |
$0.01 |
3.75% |
3.82% |
|
CERTIFICATES OF DEPOSIT5 |
||||
|
6 Month |
$0.00 |
$0.01 |
3.75% |
3.82% |
|
12 Month |
$0.00 |
$0.01 |
3.20% |
3.25% |
|
18 Month |
$0.00 |
$0.01 |
2.23% |
2.25% |
|
24 Month |
$0.00 |
$0.01 |
1.24% |
1.25% |
|
30 Month |
$0.00 |
$0.01 |
1.10% |
1.11% |
|
36 Month |
$0.00 |
$0.01 |
1.00% |
1.01% |
|
48 Month |
$0.00 |
$0.01 |
0.95% |
0.95% |
1 Limited to $1,000,000.00 per account type per household or controlled entity.
2 APY – Annual Percentage Yield. Rates are subject to change without notice. Fees may reduce the earnings on the account.
3 APY is paid on the entire balance.
4 Must be titled as joint tenants with rights of survivorship. Primary account owner must be under the age of 18.
5 A penalty may be imposed for early withdrawal from a certificate of deposit or individual retirement account. 12, 24 and 36-month term CDs can also be opened as Retirement certificates.
6 This account has monthly qualification requirements. Please see the Truth-in-Savings disclosure provided at account opening for details.
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