Money Market

Waterman Bank

Earn 3.82% 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

FDIC Insured

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

Mobile Deposit

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.

Checks

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

Branches

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

What is a Money Market account?

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).

How do I transfer money?

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

How do I make a deposit?

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.

Is the Waterman Money Market Account FDIC Insured?

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

Can I withdraw money?

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.

Can I add beneficiaries to a money market account?

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 3/7/2023 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.