Rates

Scroll below to find the appropriate rates.

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 0.05% 0.05%
Investor Account $25,000 $250,000 0.20% 0.20%
Investor Account $25,000 $100,000 0.15% 0.15%
Investor Account $25,000 $50,000 0.15% 0.15%
Investor Account $25,000 $25,000 0.10% 0.10%
Investor Account $25,000 $5,000 0.10% 0.10%
Money Market Deposit Account $2,500 $2,500 0.10% 0.10%
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%
Simply Free $25 N/A N/A N/A

Interest Rates are accurate as of January 20, 2022.

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.

Certificate of Deposit (CD)

Duration Minimum Investment To Open Certificate Daily Balance Required To Earn APY Interest Rate Annual Percentage Yield
Add-On (Building Block) CD (24 Months) $1000 $0 0.20% 0.20%
32 – 90 Days $1000 $0 0.10% 0.10%
91 – 181 Days $1000 $0 0.10% 0.10%
182 – 364 Days $1000 $0 0.15% 0.15%
12 – 23 Months $500 $0 0.25% 0.25%
24 – 35 Months $500 $0 0.30% 0.30%
36 – 47 Months $500 $0 0.40% 0.40%
36 – 47 Months Bump Up* $500 $0 0.40% 0.40%
36 – 47 Months Bump Up* with Rewards Checking** $500 $0 0.45% 0.45%
48 – 59 Months $500 $0 0.50% 0.50%
48 – 59 Months Bump Up* $500 $0 0.50% 0.50%
48 – 59 Months Bump Up* with Rewards Checking** $500 $0 0.55% 0.55%
60 Month  $500 $0 0.60% 0.60%
60 Month Bump Up*  $500 $0 0.60% 0.60%
60 Month Bump Up* with Rewards Checking** $500 $0 0.65% 0.65%

*Customer may “bump-up” APY one time during the initial Certificate of Deposit (CD) term into a non-promotional CD of the same term.

**Must have a new or existing Rewards Checking Account to receive higher APY. Rewards Checking has a $5 monthly membership fee. Other fees for CD’s and Rewards Checking may apply.

APY’s are accurate as of January 20, 2022 and are subject to change daily.

Certificates of Deposit (CD’s) are available for IRA investments.

Annual Percentage Yield assumes principle 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. Please contact any community office for additional information.

Automobile Loans

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 72 Months 4.25% 4.39% $15.76
Used  60 Months 4.50% 4.91% $18.65

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of January 20, 2022 and are subject to change without notice.

Final rate and APR will be determined based on review of credit application.

Rates and APRs for 72-month new auto loans range from a rate of 4.25% with an APR of 4.39% as disclosed above to 5.75% with an APR of 5.90% and a monthly payment of $16.46 per $1,000 borrowed.

Rates and APRs for 60-month used auto loans range from a rate of 4.50% with an APR of 4.91% as disclosed above to 6.25% with an APR of 6.68% and a monthly payment of $19.45 per $1,000 borrowed.

Annual Percentage Rate calculations include a $100 loan documentation fee and are based on $25,000 loan for new autos and $10,000 loan for used autos.

0 – 10% down payment may be required. Restrictions may apply.

Other terms and rates are available. Please contact any local community office for additional information.

Marine / Trailer / Recreational Vehicle

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 120 Months 7.75% 7.84% $12.00
Used 84 Months 8.25% 8.56% $15.71

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of January 20, 2022 and are subject to change without notice.

Final rate and APR will be determined based on review of credit application.

Rates and APRs for 120 month new vehicle loans range from a rate of 7.75% with an APR of 7.84% as disclosed above to 10.50% with an APR of 10.60% and a monthly payment of $13.50 per $1,000 borrowed.

Rates and APRs for 84 month used vehicle loans range from a rate of 8.25% with an APR of 8.56% as disclosed above to 11.00% with an APR of 11.32% and a monthly payment of $17.12 per $1,000 borrowed.

Annual Percentage Rate calculations include a $100 loan documentation fee and are based on $25,000 loan for new vehicle and $10,000 loan for used vehicle.

Marine, Trailers, and RV rates above can be reduced by .25% if the Auto Draft feature is chosen.

Please contact any local community office for additional information.

Motorcycle Loans

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 60 Months 7.25% 7.41% $19.92
Used 48 Months 7.75% 8.26% $24.30

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of January 20, 2022 and are subject to change without notice.

Final rate and APR will be determined based on review of credit application.

Rates and APRs for 60 month new vehicle loans range from a rate of 7.25% with an APR of 7.41% as disclosed above to 11.00% with an APR of 11.17% and a monthly payment of $21.74 per $1,000 borrowed.

Rates and APRs for 48 month used vehicle loans range from a rate of 7.75% with an APR of 8.26% as disclosed above to 11.50% with an APR of 12.02% and a monthly payment of $26.09 per $1,000 borrowed.

Annual Percentage Rate calculations include a $100 loan documentation fee and are based on $25,000 loan for new vehicle and $10,000 loan for used vehicle.

10% down payment required. $3,500 minimum loan required for 60 month financing. Restrictions may apply.

All rates above offer a .25% reduction with Auto Draft.

Please contact any local community office for additional information.

ATV Loans

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 60 Months 7.50% 7.67% $20.04
Used 48 Months 8.25% 8.76% $24.53

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of January 20, 2022 and are subject to change without notice.

Final rate and APR will be determined based on review of credit application.

Rates and APRs for 60 month new vehicle loans range from a rate of 7.50% with an APR of 7.67% as disclosed above to 11.25% with an APR of 11.42% and a monthly payment of $21.87 per $1,000 borrowed.

Rates and APRs for 48 month used vehicle loans range from a rate of 8.25% with an APR of 8.76% as disclosed above to 11.75% with an APR of 12.27% and a monthly payment of $26.21 per $1,000 borrowed.

Annual Percentage Rate calculations include a $100 loan documentation fee and are based on $25,000 loan for new vehicle and $10,000 loan for used vehicle.

ATV + Dirt Bike rates above offer a .25% reduction with Auto Draft.

Please contact any local community office for additional information.

Personal Unsecured

Amount Maximum Term
(Months)
Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
$1,500 – $5,000* 60 4.99% 4.99% $18.87
$5,001 – $10,000* 60 5.99% 5.99% $19.33

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. Other rates and terms available. Minimum amount is $1,500 and maximum amount is $10,000.

Annual Percentage Rates are effective as January 20, 2022 and are subject to change without notice.

Other terms and rates are available. Please contact any local community office for additional information.

Rate assumes monthly payment is automatically drafted from a Wayne Bank checking account.