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Deposit Accounts
| 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 14th, 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 31st, 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.
Certificate of Deposit (CD)
| Duration | Minimum Investment To Open Certificate | Daily Balance Required To Earn APY | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 6 Month Promo CD/IRA** | $500 | $0 | 4.11% | 4.20% |
| 18 Month Promo CD/IRA** | $500 | $0 | 3.20% | 3.25% |
| Add-On (Building Block) CD (24 Months) | $1000 | $0 | 0.50% | 0.50% |
| 32 – 90 Days | $500 | $0 | 0.30% | 0.30% |
| 91 – 181 Days | $500 | $0 | 0.40% | 0.40% |
| 182 – 364 Days | $500 | $0 | 0.45% | 0.45% |
| 12 – 23 Months | $500 | $0 | 0.55% | 0.55% |
| 24 – 35 Months | $500 | $0 | 0.60% | 0.60% |
| 36 – 47 Months | $500 | $0 | 0.70% | 0.70% |
| 36 – 47 Months Bump Up* | $500 | $0 | 0.70% | 0.70% |
| 48 – 59 Months | $500 | $0 | 0.80% | 0.80% |
| 48 – 59 Months Bump Up* | $500 | $0 | 0.80% | 0.80% |
*Customer may “bump-up” APY one time during the initial Certificate of Deposit (CD) term into a non-promotional CD of the same term.
**One penalty free full or partial withdrawal during the initial term. Penalties will be imposed for additional withdrawals during the initial term and on withdrawals on subsequent terms if CD renews. Fees could reduce earnings.
APY’s are accurate as of November 14th, 2024 and are subject to change daily.
Certificates of Deposit (CD’s) are available for IRA investments.
Annual Percentage Yield assumes principal and interest remain on deposit. Interest is compounded daily and credited at least annually. Penalties will be imposed for early withdrawal. Other fees for CDs may apply. Fees could reduce earnings. Maximum investment amount of $250,000. Maximum per CD opened online is $50,000. At the end of the term, promo CDs will roll over into a CD of the same term at the then current rate. For any CD opened online Penalties will be imposed for early withdrawals after the initial 90-day period, but prior to maturity. Please contact any community office for additional information.
Personal Unsecured Installment
| Loan Amount | Term (Months) |
Interest Rate | Annual Percentage Rate1 |
Monthly Payment per $1000 Borrowed |
|---|---|---|---|---|
| $1,500 – $10,000* | 60 | 10.99% | 11.54% | $21.74 |
1 The Annual Percentage Rate (APR) is effective as of November 14th, 2024. The APR assumes a $10,000.00 loan amount, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes a $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.
Higher interest rates and APRs are in effect for lower credit scores.
APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Additional fees and restrictions may apply. Please contact any local Community Office for additional information.
All loans are subject to credit approval.
Automobile Loans
| New / Used1 | Term (Months) | Interest Rate | Annual Percentage Rate2 |
Monthly Payment per $1000 Borrowed |
|---|---|---|---|---|
| New | 72 Months | 8.49% | 8.68% | $17.78 |
| Used | 60 Months | 8.74% | 9.29% | $20.64 |
1 A new automobile has not been titled and only has a manufactured statement of origin, while a used vehicle has a title.
2 The Annual Percentage Rates (APRs) are effective as of November 14th, 2024. The APRs assume a $25,000.00 loan amount for new autos and a $10,000.00 loan amount for used autos, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes a $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.
Higher interest rates and APRs are in effect for lower credit scores.
APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Minimum and maximum loan amounts and additional fees and restrictions may apply. Please contact any local Community Office for additional information. All loans are subject to credit approval.
Marine Craft/ Recreational Vehicle (Motor Home and Travel Trailer)
| New / Used 1 | Term (Months) | Interest Rate | Annual Percentage Rate2 |
Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|
| New | 120 Months | 10.25% | 10.38% | $13.36 |
| Used | 84 Months | 10.75% | 11.17% | $17.00 |
1 A new unit has not been titled and only has a manufactured statement of origin, while a used unit has a title.
2 The Annual Percentage Rates (APRs) are effective as of November 14th, 2024. The APRs assume a $25,000.00 loan amount for new units and a $10,000.00 loan amount for used units, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.
Higher interest rates and APRs are in effect for lower credit scores.
APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Minimum and maximum loan amounts and additional fees and restrictions may apply. Please contact any local Community Office for additional information. All loans are subject to credit approval.
Motorcycle Loans
| New / Used 1 | Term (Months) | Interest Rate | Annual Percentage Rate 2 |
Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|
| New | 60 Months | 9.75% | 9.97% | $21.13 |
| Used | 48 Months | 10.25% | 10.92% | $25.49 |
1 A new motorcycle has not been titled and only has a manufactured statement of origin, while a used vehicle has a title.
2 The Annual Percentage Rates (APRs) are effective as of November 14th, 2024. The APRs assume a $25,000.00 loan amount for new units and a $10,000.00 loan amount for used units, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes a $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.
Higher interest rates and APRs are in effect for lower credit scores.
APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Minimum and maximum loan amounts and additional fees and restrictions may apply. Please contact any local Community Office for additional information. All loans are subject to credit approval.
ATV Loans
| New / Used 1 | Term (Months) | Interest Rate | Annual Percentage Rate 2 |
Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|
| New | 60 Months | 10.00% | 10.22% | $21.25 |
| Used | 48 Months | 10.75% | 11.43% | $25.73 |
1 A new ATV has not been titled and only has a manufactured statement of origin, while a used ATV has a title.
2 The Annual Percentage Rates (APRs) are effective as of November 14th, 2024. The APRs assume a $25,000.00 loan amount for new ATVs and a $10,000.00 loan amount for used ATVs, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes a $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.
Higher interest rates and APRs are in effect for lower credit scores.
APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Minimum and maximum loan amounts and additional fees and restrictions may apply. Please contact any local Community Office for additional information. All loans are subject to credit approval.
