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Savings and CDs
We offer you three relationship banking packages: Basic, Gold and VIP. These packages are designed to reward you with higher rates on CDs, Savings and Money Market Accounts along with lower rates on some loan products. Gold or VIP programs require a Gold or VIP Checking Account.Passbook Savings Accounts
- Available in Basic, Gold and VIP Relationship Banking Packages
- Available for Retail and Business Accounts
- Competitive Annual Percentage Yield compounded daily and paid monthly
- Free 24-hour Telephone Banking
- Free Online Banking access*
- Permanent record of all transactions
- Access to your funds without penalty upon presentment of passbook
- Low minimum balance to open the account of only $25.00 (please note a service charge of $1.00 per month may be imposed if the balance in the account falls below $25.00 any day during the month)
- Minimum balance to obtain annual percentage yield on the account is only $25.00
- Click Here for disclosure information
Statement Savings Account
- Available in Basic, Gold and VIP Relationship Banking Packages
- Available for Retail and Business Accounts
- Competitive Annual Percentage Yield compounded daily and paid monthly
- Free 24-hour Telephone Banking
- Free Online Banking access*
- Access to funds without penalty
- Low minimum balance to open the account of only $25.00 (please note a service charge of $1.00 per month may be imposed if the balance in the account falls below $25.00 any day during the month)
- Minimum balance to obtain annual percentage yieldon the account is only $25.00
- ATM Card (subject to approval)
- Transfers to and from other WB deposit accounts (except passbook savings) via ATM, Telephone Banking or Online Banking limited to six per statement cycle
- Click Here for disclosure information
Club Accounts
- Available in Basic, Gold and VIP Relationship Banking Packages
- Available for Retail Accounts Only
- Systematic savings
- Competitive Annual Percentage Yield compounded daily and paid monthly
- Free 24-hour Telephone Banking
- Free Online Banking access*
- A permanent record of all transactions
- Low minimum balance to open the account is only $1.00
- Minimum balance to obtain annual percentage yield on the account is only $1.00
- Maturity for a Christmas Club account is the last business day of October
- Maturity for a Vacation Club account is the last business day of April
- Click Here for disclosure information
Money Market Deposit Accounts
- Available in Basic, Gold and VIP Relationship Banking Packages
- Available for Retail and Business Accounts
- Minimum Balance to Open $2,500.00
- Annual Percentage Yield compounded daily and paid monthly
- A four-tiered premium Annual Percentage Yield structure
- Free 24-hour Telephone Banking
- Free Online Banking access*
- Minimum balance to obtain interest on the account is only $25.00
- Transfers from a Money Market Deposit Account to another account or to third parties by check, draft, or other similar order, preauthorized, automatic transfer through Telephone Banking or through Online Banking are limited to six per statement cycle
- Automatic transfers from another WB account in increments of $100.00
- Click Here for disclosure information
Certificates of Deposit
- Available in Basic, Gold and VIP Relationship Banking Packages
- Available for Retail and Business Accounts
- Higher investment returns than a regular passbook or statement savings account
- Terms ranging from 3 months to 5 years in duration
- Terms of 1 year or longer may be opened with just $1,000.00
- Shorter term CDs require a $5,000.00 minimum deposit
- Annual Percentage Yield is compounded daily and paid monthly
- Interest may be withdrawn at any time; however, there is a penalty for early withdrawal of principal
- Click Here for disclosure information
Indexed Certificates of Deposit (ICDs)
This Program has been temporarily suspended.
An Indexed Certificate of Deposit (ICD) is a certificate issued by our bank where the interest is determined based upon a percentage of the performance of a group of stocks over a specified term.ICDs combine the long-term growth potential of the equity markets with the safety and security of a traditional certificate of deposit (CD). Instead of paying a fixed rate of interest, ICDs pay interest at maturity (5 years/3 years) based on the appreciation of an equity index subject to a participation rate which varies from issue to issue depending on the prevailing market conditions. The ICD is linked to the Dow Jones Industrial Average (DJIA) which comprises 30 blue-chip stocks that represent approximately 28% of the market value of all U.S. stocks. Indexed CDs are designed forindividual and joint depositors, certain Trust Accounts, Partnership and Limited Liability Companies, Sole Proprietorships, Corporations, Public Funds, Tax Deferred Accounts, Traditional IRAs, Self Directed IRAs, Education Accounts, and not-for-profit organizations.
- Principal guaranteed if held to maturity, 3 years or 5 years
- Uncapped returns. You have the opportunity to achieve higher than fixed rate returns based upon historical performance of the DJIA
- All deposits insured in full. FDIC insures depositors up to $250,000; Share Insurance Fund (SIF) insures all additional deposits
- $1,000 Minimum Deposit
- Early withdrawal options. Provides liquidity – in the event of emergency (may be subject to loss of principal) or death (at par)
- No Fees
- ICDs are purchased on the 26th of each month
- Customers may also elect to have funds transferred through payroll deduction into a statement savings account. When the account reaches $1,000.00. the funds will be used to purchase the ICD.
*You must have a checking account to be eligible for online banking access
