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SAVINGS ACCOUNTS

Saving for a rainy day, the holidays, or a dream vacation?  Our savings accounts include the ability to automatically move funds to a checking account to avoid overdrafts; or to automatically move funds from a checking account to grow your savings.

Investor Account

  • This top-notch money market account features a tiered interest rate structure that rewards larger balance levels with a higher interest rate, assuring both easy access to your funds and favorable earnings. Minimum opening deposit is $25,000. Interest is earned on daily balances of $5,000 or more. Accounts with daily balances of less than $25,000 are subject to a $15 monthly service fee.

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.

Money Market Deposit Account

  • Earn current money market 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).

Holiday Statement Savings

  • ‘Tis always the season to save for the holidays!  Save money all year long for holiday expenses with our Holiday Savings account.  Make regular deposits throughout the year and watch your savings grow!  Interest is earned on all balances, compounded daily, and credited annually on October 15 (if the 15 is a non-business day, the disbursement will be completed on the next business day).

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 on May 15 (if the 15 is a non-business day, the disbursement will be completed on the next business day).

Type of Account Minimum Deposit To Open Account Daily Balance Required To Earn APY Interest Rate Annual Percentage Yield
Rewards Checking $25 $0 0.5% 0.5%
Investor Account $25,000 $250,000 0.30% 0.30%
Investor Account $25,000 $100,000 0.20% 0.20%
Investor Account $25,000 $50,000 0.15% 0.15%
Investor Account $25,000 $5,000 0.10% 0.10%
Investor Account $25,000 $2,500 0.10% 0.10%
Money Market Deposit Account $2,500 $2,500 0.05% 0.05%
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%

Other fees may apply.  Additional Deposit Accounts designed to meet specialized needs are available. For more information, stop by your Local Community Office or call (800) 598-5002 to speak with a Customer Service Representative.