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Vacation Savings (All-Purpose Statement Savings)
We offer Vacation Savings accounts that can help take you anywhere you want to go! These accounts encourage you to make regular deposits throughout the year, while you watch your savings grow. Open a Wayne Bank Vacation Savings account today so that you can stop dreaming and start packing! Interest is earned on all balances, compounded daily, and credited annually with the total balance on May 15 (if the 15 is a non-business day, the disbursement will be completed on the next business day).
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 | 3.92% | 4.00% |
| High Yield Money Market Deposit Account | $2,500 | $25,000.01 | 1.49% | 1.50% |
| 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 October 17th, 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 October 17th, 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.
