Building Block

Get flexibility and a great rate.

Building Block

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.

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
11 Month Promo CD/IRA** $500 $0 4.55% 4.65%
Add-On (Building Block) CD (24 Months) $1000 $0 0.50% 0.50%
32 – 90 Days $1000 $0 0.30% 0.30%
91 – 181 Days $1000 $0 0.40% 0.40%
182 – 364 Days $1000 $0 0.45% 0.45%
12 – 23 Months $500 $0 0.55% 0.55%
24 – 35 Months $500 $0 0.60% 0.60%
36 – 47 Months $500 $0 0.70% 0.70%
36 – 47 Months Bump Up* $500 $0 0.70% 0.70%
48 – 59 Months $500 $0 0.80% 0.80%
48 – 59 Months Bump Up* $500 $0 0.80% 0.80%

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

**One penalty free full or partial withdrawal during the initial term. Penalties will be imposed for additional withdrawals during the initial term and on withdrawals on subsequent terms if CD renews. Fees could reduce earnings.

APY’s are accurate as of May 16, 2024 and are subject to change daily.

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

Annual Percentage Yield assumes principal 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. At the end of the term, promo CDs will roll over into a CD of the same term at the then current rate. For any CD opened online Penalties will be imposed for early withdrawals after the initial 90-day period, but prior to maturity. Please contact any community office for additional information.

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