Money Market Deposit Account

Limited check writing abilities so you can earn the maximum return

Money Market Deposit Accountat Wayne Bank

Money Market Deposit Account

Earn current money market high interest rates and maintain access to your funds with a low minimum balance of $2,500. A savings account with limited check writing abilities so you can earn the maximum return. Accounts with a daily balance of less than $2,500 will be subject to a $10.00 monthly service fee (consumer and business MMDA).

Take your savings to new heights - High Yield Money market account. 4.50% APY* on qualifying balances up to $25,000.

**Annual Percentage Yield (APY) assumes interest remains on deposit. APY is effective as of 4/24/2024 and is subject to change. A $2,500 minimum deposit is required to open the account, earn interest, and avoid fees. No interest earned on balances below $2,500.

Balances that exceed $25,000, earn a 2.00% APY. If the account balance falls below $2,500 at any point during the month, a $10 service fee will be assessed for that month. Offer available to retail customers only, with a separate transactional account that includes two of the following three criteria: a Debit Card, Direct Deposit, and / or a $25,000 minimum balance. Offer limited to one High-Yield Money Market per customer. Additional fees may apply. Fees and other conditions may reduce earnings. Ask for details.

Savings Account Rates

Type of Account Minimum Deposit To Open Account Daily Balance Required To Earn APY Interest Rate Annual Percentage Yield
Rewards Checking $25 $0 0.10% 0.10%
Investor Account $25,000 $1,000,000 1.00% 1.00%
Investor Account $25,000 $500,000 0.60% 0.60%
Investor Account $25,000 $250,000 0.50% 0.50%
Investor Account $25,000 $100,000 0.40% 0.40%
Investor Account $25,000 $50,000 0.30% 0.30%
Investor Account $25,000 $25,000 0.25% 0.25%
Investor Account $25,000 $5,000 0.10% 0.10%
Money Market Deposit Account $2,500 $2,500 0.10% 0.10%
Premium Money Market Deposit Account * $2,500 $2,500 1.50% 1.51%
Statement Savings Account $25 $50 0.05% 0.05%
All Purpose Club (Vacation) $2 $0 0.05% 0.05%
Holiday Club $2 $0 0.05% 0.05%
Simply Free $25 N/A N/A N/A
Wayne Wallet $25 N/A N/A N/A

Interest Rates are accurate as of July 5th, 2024.

Annual Percentage Yield assumes interest remains on deposit. Fees and other conditions may reduce earnings. Please contact any community office for additional information. Rates are subject to change daily. Regulatory limits may apply.

* Annual Percentage Yield (APY) assumes interest remains on deposit. APY is effective as of 07/05/2024 and is subject to change. To obtain advertised rate on money market account, account holder must have a separate transactional checking account with Wayne Bank with a paycheck direct deposit from employer, pension, or government benefits. $2,500 minimum deposit required to open account. If account balance falls below $2,500 at any point during the month, a $10 monthly service fee will be assessed for that month. Other fees may apply. Fees and other conditions may reduce earnings. Ask for details.

For more information on savings accounts, please stop by your local Community Office, or call (800) 598-5002 to speak with a Customer Service Representative regarding details.

Statement Savings

We designed this account as a vehicle to help you save for longer-term goals

Vacation Savings Logo with Boat holding various vacation related items like a passport, camera, travel bag.

Our Vacation Savings account can help take you anywhere you want to go!

Holiday Savings Image

Save money all year long for holiday expenses with our Holiday Savings account.