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 0.10% 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%
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
Wayne Wallet $25 N/A N/A N/A

Interest Rates are accurate as of March 14, 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 11/30/2023 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
5 Month Promo CD/IRA** $500 $0 4.82% 4.94%
11 Month Promo CD/IRA** $500 $0 4.63% 4.74%
Add-On (Building Block) CD (24 Months) $1000 $0 0.50% 0.50%
32 – 90 Days $1000 $0 0.30% 0.30%
91 – 181 Days $1000 $0 0.40% 0.40%
182 – 364 Days $1000 $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 March 28, 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

Amount Maximum Term
(Months)
Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
$1,500 – $10,000* 60 10.99% 11.54% $21.74

*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 (APRs) are effective as March 14, 2024 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 unsecured loans range from a rate of 10.99% with an APR of 11.54% and a monthly payment of $21.74 per $1,000 borrowed, as disclosed above, to 14.74% with an APR of 15.31% and a monthly payment of $23.66 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

APR calculations include a $125 loan documentation fee and are based on $10,000 loan for unsecured loan.

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.

Automobile Loans

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 72 Months 8.49% 8.68% $17.78
Used  60 Months 8.74% 9.28% $20.63

*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 March 14, 2024 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 8.49% with an APR of 8.68% and a monthly payment of $17.78 per $1,000 borrowed, as disclosed above, to 9.99% with an APR of 10.18% and a monthly payment of $18.52 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Rates and APRs for 60-month used auto loans range from a rate of 8.74% with an APR of 9.28% and a monthly payment of $20.63 per $1,000 borrowed, as disclosed above, to 10.49% with an APR of 11.04% and a monthly payment of $21.49 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Annual Percentage Rate calculations include a $125 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 10.25% 10.56% $13.36
Used 84 Months 10.75% 11.16% $17.00

*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 March 14, 2024 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-unit loans range from a rate of 10.25% with an APR of 10.56% and a monthly payment of $13.36 per $1,000 borrowed, as disclosed above, to 13.00% with an APR of 13.32% and a monthly payment of $14.94 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Rates and APRs for 84 month used-unit loans range from a rate of 10.75% with an APR of 11.16% and a monthly payment of $17.00 per $1,000 borrowed, as disclosed above, to 13.50% with an APR of 13.93% and a monthly payment of $18.47 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Annual Percentage Rate calculations include a $125 loan documentation fee and are based on $25,000 loan for new-unit loan and $10,000 loan for used-unit loan.

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 9.75% 9.97% $21.13
Used 48 Months 10.25% 10.91% $25.49

*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 March 14, 2024 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-unit loans range from a rate of 9.78% with an APR of 9.97% and a monthly payment of $21.13 per $1,000 borrowed, as disclosed above, to 13.50% with an APR of 13.73% and a monthly payment of $23.01 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Rates and APRs for 48 month used-unit loans range from a rate of 10.25% with an APR of 10.91% and a monthly payment of $25.49 per $1,000 borrowed, as disclosed above to 14.00% with an APR of 14.69% and a monthly payment of $27.33 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Annual Percentage Rate calculations include a $125 loan documentation fee and are based on $25,000 loan for new-unit loans and $10,000 loan for used-unit loans.

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 10.00% 10.22% $21.25
Used 48 Months 10.75% 11.42% $25.73

 

*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 March 14, 2024 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-unit loans range from a rate of 10.00% with an APR of 10.22% and a monthly payment of $21.25 per $1,000 borrowed, as disclosed above, to 13.75% with an APR of 13.98% and a monthly payment of $23.14 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Rates and APRs for 48 month used-unit loans range from a rate of 10.75% with an APR of 11.42% and a monthly payment of $25.73 per $1,000 borrowed, as disclosed above, to 14.25% with an APR of 14.94% and a monthly payment of $27.46 per $1,000 borrowed. Cost per thousand does not include the loan documentation fee.

Annual Percentage Rate calculations include a $125 loan documentation fee and are based on $25,000 loan for new-unit loans and $10,000 loan for used-unit loans.

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

Please contact any local community office for additional information.