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Waterman Bank

High Yield Savings

Earn 4.50% APY*

Earn more interest and watch your money grow.

Access to your money 24/7

With 24/7 online and mobile banking and access to 37,000 fee-free ATM's, you'll always have access to your money.

Additional Features

Learn more about additional benefits for your savings account.

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.

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

The choice is yours.

Why High Yield Savings?

Bank with a bank that values your money. The Waterman High Yield Savings account pays more interest and does not require a minimum balance to earn APY.

Your money grows safely and is easily accessible when you need it.

New Account Opening Process

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

Click here to learn more about opening a new account at Waterman Bank.

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

A High Yield Savings account is a type of savings account that offers a higher interest rate, but does not provide check writing privileges (see your account 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 out 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 cash or check deposit a branch

Yes, this high-yield savings account is FDIC-insured up to the allowable limits.

Yes, you can withdraw money from your Waterman High Yield Savings 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. 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 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 away or email.

*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.