Waterman Bank Rates

Our competitive interest rates are listed on this page. Rates effective as of January 5, 2022. APY means Annual Percentage Yield. APY is subject to change. Fees could reduce earnings.

Checking Accounts

Balance TiersInterest RateAPY
WB Rewards Checking$0 to $50,0001.00%1.00%
WB Rewards Checking$50,000.01 and over0.50%1.00% - 0.67%
WB 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
WB Rewards Savings$0 to $10,0000.75%0.75%
WB Rewards Savings$10,000.01 and over0.50%0.75% - 0.57%
WB 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 WB 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 < $10,0000.25%0.25%
$10,000 < $25,0000.35%0.35%
$25,000 < $50,0000.45%0.45%
$50,000 < $75,0000.55%0.55%
$75,000 < $100,0000.75%0.75%
$100,000 or greater1.00%1.01%

Certificates Of Deposit (CDS)

Certificates Of Deposit require a $1,000 minimum deposit.  A penalty will be imposed for early withdrawal.

Individual Retirement Accounts (IRAS)

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