Waterman State Bank Rates

Our competitive interest rates are listed on this page. Rates effective as of January 7, 2021. APY means Annual Percentage Yield. APY is subject to change. Fees could reduce earnings.

Checking Accounts

Balance TiersInterest RateAPY
WSB Rewards Checking$0 to $50,0001.00%1.00%
WSB Rewards Checking$50,000 and over0.50%1.00% - 0.67%
WSB Rewards CheckingAll balances if qualifications are not met0.05%0.05%

Qualifications

To earn rewards, simply do the following each monthly qualification cycle:

  • Receive FREE e-Statements
  • Have at least 12 debit card transactions post and settle
  • Have at least 1 direct deposit, online bill payment, or automatic debit (ACH) post and settle

Savings Accounts

Balance TiersInterest RateAPY
WSB Rewards Savings$0 to $10,0000.75%0.75%
WSB Rewards Savings$10,000 and over0.50%0.75% - 0.57%
WSB Rewards SavingsAll balances if qualifications are not met0.05%0.05%
Savings*N/A0.05%0.05%
Christmas ClubN/A0.25%0.25%

Qualifications

Every month you qualify in your WSB Rewards Checking , you will automatically qualify for the Reward Savings rate too. See qualifications above.

*Must maintain $50.00 minimum balance to earn APY.

Money Market Accounts

TierInterest RateAPY
$0 < $2,5000%0%
$2,500 < $10,0000.10%0.10%
$10,000 < $25,0000.15%0.15%
$25,000 < $50,0000.20%0.20%
$50,000 or greater0.40%0.40%

Certificates Of Deposit (CDS)

Individual Retirement Accounts (IRAS)

TermInterest RateAPY
12 months0.50%0.50%
24 months0.65%0.65%
36 months0.75%0.75%