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Waterman Bank

Money Market

Earn 4.07% APY*

Get more for your money and enjoy the safety of FDIC insurance.

24/7 Online Banking

With 24/7 online and mobile banking you can monitor your account and move funds at your convenience.

Checks and Transfers

Write checks and transfer funds when you need it.

Additional Features

Waterman Money Market

Your accounts at Waterman Bank are insured by the FDIC up to the maximum amount allowed by law.

Mobile check deposit is a quick and convenient way to deposit your paper checks remotely. Instead of taking a trip to the bank, take a picture of the front and back of the check using the Waterman Mobile app.

You can request a checkbook with your Money Market account. Please note that you are limited to six transfers or withdrawals (including checks) per month.

If you need help, you can stop by one of locations or give us a call. We will be happy to answer your questions.

New Account Opening Process

Step 1
Gather your documentation
Step 2
Complete an application
Step 3
Personalized Service Call

Learn more about our process to open a new account at Waterman.

A Full-service bank at your fingertips.

Bank from Anywhere with Waterman Bank Mobile

  • Mobile deposit
  • View account history
  • Transfer between accounts
  • Set account alerts
  • Security and convenience

Learn more about our
Waterman Bank Mobile App here.

Frequently Asked Questions

Money Market account is a type of savings account that offers a higher interest rate and provides check-writing privileges (See disclosure for transaction limitations).

  • 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:

  • Use Mobile Deposit in our mobile app
  • 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)
  • Make an in-person check or cash deposit at a branch.

Yes, this money market savings account is FDIC-insured up to the allowable limits.

Yes, you can withdraw money from your Waterman Money Market account at a branch or online by transferring the money (see our “How do I transfer Money” FAQ). To withdraw funds using an ATM you’ll need to first transfer the money into a Waterman checking account

Each month you may make up to six withdrawals or transfers to another account each month. The receiving account may be at Waterman Bank or another financial institution. “Transfers” includes pre-authorized, automatic, telephone or online transfers. 

Yes, you can add POD (Payable-On-Death beneficiaries to your account.

Waterman Bank is here to help.

At Waterman we believe in serving everyone in our communities. We work to understand your needs, and find the right solutions to meet them. Whether your goals are big or small, we are only a phone call or email away.

*Annual Percentage Yield (APY) is accurate as of 9/22/2023 and is subject to change without notice. Fees may reduce the earnings on the account. Limited to $1,000,000.00 per account type per household or controlled entity.