Statement Savings

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

Statement Savingsat Wayne Bank

Statement Savings

We designed this account as a vehicle to help you save for longer-term goals. Take advantage of the added convenience of automatic transfers from your Wayne Bank checking account, and your savings goal will be handled according to your instructions. Interest is earned on daily balances of $50 or more. Accounts with daily balances below $200 are subject to a $2.00 monthly service fee

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.

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%
High Yield Money Market Deposit Account $2,500 None – $25,000.00 3.68% 3.75%
High Yield Money Market Deposit Account $2,500 $25,000.01 1.24% 1.25%
Statement Savings Account $25 $50 0.05% 0.05%
Children’s Savings Account $1 $50 0.05% 0.05%
Holiday Club $2 $0 0.05% 0.05%
Simply Free $25 N/A N/A N/A

Interest Rates are accurate as of November 21st, 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 November 21st, 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.

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.