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Certificate of Deposit Specials
Special rates for a limited time!
*Only available for new Certificate of Deposit (CDs) opened online through wayne.bank. CDs can be funded by check or Automated Clearing House (ACH) transfer from another bank or account. If CD is funded with an (ACH) transfer, CD cannot be closed for 90 days after opening. $5,000 minimum deposit required to obtain advertised rate, with a maximum investment amount of $100,000. Annual Percentage Yield (APY) assumes principal and interest remain on deposit. APY is effective as of May 16, 2023, and is subject to change. Interest is compounded daily and credited at maturity. Penalties will be imposed for early withdrawals after the initial 90-day period, but prior to maturity. At the end of the term, the promo CD will roll over into a CD of the same term at the then current rate. Other CD rates and terms available. Ask for details.
*Annual Percentage Yield (APY) assumes principal and interest remain on deposit. APY is effective as of March 17, 2023 and is subject to change.Interest is compounded daily and credited at maturity for 10 month term, and credited annually for 15 and 22 month terms. Maximum investment amount of $250,000. $25,000 minimum deposit required to obtain 10 month term advertised rate. $500 minimum deposit required to obtain 15 and 22 month term advertised rates. Penalties will be imposed for early withdrawals. Fees could reduce earnings. At the end of the term, the promo CD will roll over into a CD of the same term at the then current rate. Other CD rates and terms available. Ask for details.
Certificate of Deposit Rates
| Duration | Minimum Investment To Open Certificate | Daily Balance Required To Earn APY | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 10 Month CD/IRA Promotion | $25,000 | $0 | 4.45% | 4.55% |
| 15 Month CD/IRA Promotion | $500 | $0 | 4.35% | 4.45% |
| 22 Month CD/IRA Promotion | $500 | $0 | 3.92% | 4.00% |
| 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.
APY’s are accurate as of May 18, 2023 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.
