Deposit Processing
Services Offered Through This Site Are Provided By Waterfield Bank
Product Interest Rates Effective as of
Rates Subject to Change and Are Only Available Through This Site
**For Interest Checking Accounts with balances below $25.00, the
Rate/APY will drop to 0.00%. Interest Checking Accounts will incur
a $10.00 monthly service fee if the monthly average balance falls
below $25.00.
***For Money Market Accounts with balances below $200.00 the Rate/APY
will drop to 0.00%. The Money Market accounts will incur a $10.00
monthly service fee if the monthly average balance falls below $200.00.
For Jumbo Money Market accounts with balances below $100,000.00,
the Rate/APY will be calculated based on the Money Market Account
tiers. The Jumbo MMA will incur the $10 monthly service fee if the
monthly average balance falls below $200.00.
Interest Checking and
Money Market Savings accounts are variable rate products
and rates may change daily without prior notification. Waterfield Bank
uses the daily balance method of computing interest, which applies
a daily periodic rate to the full collected amount of principal
in the account each day.
Savings accounts: The interest rate may vary during the life of the account, while the method of calculation, compounding and payment on interest on your account are determined by WFS.
Certificate of Deposit interest rates are fixed for the term of the account and may change during the grace period. The Certificate of Deposit annual percentage yield assumes monthly compounding and that interest remains on deposit until maturity. Additional deposits are not allowed unless made in the 7 day grace period after maturity. Account will not earn interest during the grace period if a withdrawal is made. A penalty will be imposed for early withdrawal.
Annual Percentage Yield Calculation: APY = 100 {(1+Interest/Principal)
(365/Days in term) -1}. For additional rules of accounts,
see Terms and Conditions.
All deposit products offered through this Banking Center will be opened and deposit processing
services are provided by Waterfield Bank. The deposit products are FDIC insured by one of
the participating financial institutions, to the full extent of the law.
