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).
Savings Account Rates
|Type of Account||Minimum Deposit To Open Account||Daily Balance Required To Earn APY||Interest Rate||Annual Percentage Yield|
|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%|
Interest Rates are accurate as of May 18, 2023.
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 12/16/2022 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. **Paper statement fee of $5 per month will be assessed if account holder does not enroll for eStatements. To enroll for eStatements, account holder must have Adobe installed, a valid email address, and Wayne Bank online banking. An email will be sent when a new statement is available and the statement can be accessed by logging into online banking. 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.