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

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Statement Savings Account

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Club Accounts

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Money Market Deposit Accounts

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Certificates of Deposit

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Energy Club Account

  • Premium Interest Rate (See Current Rate Page for Rate Information)
  • Control - You determine how much to save for future Energy/Heating expenses based on prior usage.
  • Convenience - Choose from two convenient ways to save: Direct Deposit from your paycheck or Automatic Transfer either from Online Banking or another WB Account
  • Flexibility - put money away year round in any amount. Withdraw funds at any time when bills are due
  • Safety - Money is fully insured
  • Free Bank Check - Bring in a qualified energy/utility bill or invoice for purchase of energy-saving home improvements or energy-efficient appliances, and we'll give you a free Bank Check
  • Click Here for disclosure information

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    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.

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    *You must have a checking account to be eligible for online banking access

     

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