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Wayne Bank provides a full range of options for Certificate of Deposit investors.

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Certificates of Deposit and Individual Retirement Accounts

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Bump Up CD Special - When rates go up, yours can too!
48 Month .50% Interest .50% APY and .45% APY and Interest Rate with a Rewards Checking Account
60 Month .60% Interest .60% APY and .65% APY and Interest Rate with a Rewards Checking Account
36 Month .40% Interest .40% APY and .45% APY and Interest Rate with a Rewards Checking Account

*Annual Percentage Yield (APY) assumes principal and interest remain on deposit. APY is effective as of April 1, 2021 and is subject to change. Interest rate is compounded daily and credited annually. Maximum investment amount of $250,000. $1,000 minimum deposit required to obtain advertised rate. Customer may “bump-up” APY one time during the initial Certificate of Deposit (CD) term into a non-promotional CD of the same term. Penalties will be imposed for early withdrawal. Fees could reduce earnings. **Must have a new or existing Rewards Checking Account to receive higher APY. Rewards Checking has a $5 monthly membership fee. Other fees for CD’s and Rewards Checking may apply. Other CD rates and terms available. Ask for details.

Other types of CD Accounts

Building Block

Get flexibility and a great rate with Wayne Bank’s popular Building Block CD. Our Building Block CD allows you to grow your investment by making additional deposits and permits one penalty free full or partial withdrawal during the initial term.

Individual Retirement Account (IRA)

Are you dreaming about retirement? Whether you’re 22 or 55, it’s always a good time to think about your future.

Wayne Bank helps you save for retirement and enjoy tax advantages* with our IRA Certificates of Deposits. An IRA, or Individual Retirement Account, is a secure and reliable strategy to grow your savings and invest in your future!

Fees may apply. *Consult a tax advisor regarding tax implications involved in IRAs. For more information, stop by your Local Community Office or call (800) 598-5002 to speak with a Customer Service Representative.

Certificate of Deposit Rates

Duration Minimum Investment To Open Certificate Daily Balance Required To Earn APY Interest Rate Annual Percentage Yield
Add-On (Building Block) CD (24 Months) $1000 $0 0.20% 0.20%
32 – 90 Days $1000 $0 0.10% 0.10%
91 – 181 Days $1000 $0 0.10% 0.10%
182 – 364 Days $1000 $0 0.15% 0.15%
12 – 23 Months $500 $0 0.25% 0.25%
24 – 35 Months $500 $0 0.30% 0.30%
36 – 47 Months $500 $0 0.40% 0.40%
36 – 47 Months Bump Up* $500 $0 0.40% 0.40%
36 – 47 Months Bump Up* with Rewards Checking** $500 $0 0.45% 0.45%
48 – 59 Months $500 $0 0.50% 0.50%
48 – 59 Months Bump Up* $500 $0 0.50% 0.50%
48 – 59 Months Bump Up* with Rewards Checking** $500 $0 0.55% 0.55%
60 Month  $500 $0 0.60% 0.60%
60 Month Bump Up*  $500 $0 0.60% 0.60%
60 Month Bump Up* with Rewards Checking** $500 $0 0.65% 0.65%

*Customer may “bump-up” APY one time during the initial Certificate of Deposit (CD) term into a non-promotional CD of the same term.

**Must have a new or existing Rewards Checking Account to receive higher APY. Rewards Checking has a $5 monthly membership fee. Other fees for CD’s and Rewards Checking may apply.

APY’s are accurate as of January 20, 2022 and are subject to change daily.

Certificates of Deposit (CD’s) are available for IRA investments.

Annual Percentage Yield assumes principle and interest remain on deposit. Interest is compounded daily and credited at least annually. Penalties will be imposed for early withdrawal. Other fees for CDs may apply. Fees could reduce earnings. Maximum investment amount of $250,000. Maximum per CD opened online is $50,000. Please contact any community office for additional information.