Deposit Rates

 

Checking Accounts

Account Type

Interest Rate1

Annual Percentage Yield1

Minimum Deposit to Open Account

Minimum Balance to obtain APY2

Interest Checking

0.100%

0.100%

$500.00

$500.00

Non-Interest Checking

N/A

N/A

$100.00

N/A

Simply Debit

N/A

N/A

$1.00

N/A

1 Annual Percentage Yield (APY) and interest rates are current as of March 19, 2019 and may change at our discretion.  Current rates will be quoted at the time of account opening. Interest begins to accrue on the business day of your deposit. Interest is compounded daily and credited monthly. Should you close you account before interest is credited, you will receive the accrued interest. 
2 Annual Percentage Yield (APY) assumes interest remains on deposit. Fees could reduce earnings.

Savings and Money Market Accounts

Account Type

Interest Rate1

Annual Percentage Yield1

Minimum Deposit to Open Account

Minimum Balance to obtain APY2

Passbook Savings3

0.500%

0.500%

$10.00

$10.00

Statement Savings4

0.500%

0.500%

$10.00

$10.00

Money Market4

0.600%
0.100%

0.600%
0.100%

$1,000.00

$1,000.00
$1.00 - $999.99

1 Annual Percentage Yield (APY) and interest rates are current as of March 19, 2019 and may change at our discretion.  Current rates will be quoted at the time of account opening. Interest begins to accrue on the business day of your deposit. Interest is compounded daily and credited quarterly; interest to Money Market accounts is credited monthly.  Should you close your account before interest is credited, you will receive the accrued interest.
2 Annual Percentage Yield (APY) assumes interest remains on deposit.  Withdrawal of interest will reduce earnings.
3 No electronic withdrawals are allowed from this type of account. Passbook must be present for withdrawals.
4 Government regulations allow up to six (6) 3rd party transactions per statement cycle. Types of transactions that are limited to six (6) include:

  • Online and mobile transfers
  • Transfers via automated telephone banking
  • Pre-authorized payments or transfers through Automated Clearing House (ACH)
  • Checks, Point of Sale (POS) transfers, drafts or similar orders payable to a 3rd party

 

Christmas and Vacation Clubs

Account Type

Interest Rate1

Annual Percentage Yield1

Minimum Deposit to Open Account

Minimum Balance to obtain APY

Christmas Club

0.500%

0.500%

$1.00

$1.00

Vacation Club

0.500%

0.500%

$1.00

$1.00

Clubs available in any amount from $1.00 and up. These are passbook accounts.
1 Annual Percentage Yield (APY) and interest rates are current as of March 19, 2019 and may change at our discretion.  Current rates will be quoted at the time of opening account. Interest begins to accrue on the business day of your deposit.  Interest is compounded daily and credited to the account at club maturity.

Christmas Club checks are issued in October - Vacation Club checks are issued in April.

 

Certificates of Deposit - Regular and IRAs - Special Offers

Account Term

Renewal Term if left to rollover

Interest Rate1

Annual Percentage Yield1

Minimum Deposit to Open Account

Minimum Balance to obtain APY2

13 Months

12 Months

1.990%

2.000%

$500.00

$500.00

18 Months

12 Months

2.530%

2.550%

$1,000.00

$1,000.00

18 Months3

12 Months

2.570%

2.600%

$5,000.00

$5,000.00

25 Months

24 Months

2.670%

2.700%

$1,000.00

$1,000.00

60 Months

60 Months

2.670%

2.700%

$500.00

500.00

Certificates of Deposit - Regular and IRAs

Account Term

Interest Rate

Annual Percentage Yield

Minimum Deposit to Open Account

Minimum Balance to obtain APY2

6 Months

0.200%

0.200%

$1,000.00

$1,000.00

9 Months

0.300%

0.300%

$1,000.00

$1,000.00

12 Months

0.400%

0.400%

$500.00

$500.00

24 Months

0.700%

0.700%

$500.00

$500.00

36 Months

1.300%

1.300%

$500.00

$500.00

48 Months

2.430%

2.450%

$500.00

$500.00

1 Annual Percentage Yield (APY) and interest rates are current as of March 19, 2019 and may change at our discretion.  Current rates will be quoted at the time of account opening.
2 Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings.
3 Requires at least $5,000.00 new money.

  • The interest rate for your account will be paid until the maturity date of your certificate
  • Interest is compounded daily and will be credited by one of these four methods:
    • To your certificate at maturity
    • To your certificate monthly
    • By check issued monthly ($5,000.00 minimum balance required)
    • By transfer to another WFS account monthly ($5,000.00 minimum balance required)
  • Certificates will automatically renew at maturity. You will have seven (7) calendar days from the maturity date to renew, close, or withdraw funds from your certificate without being charged a penalty
  • After the account is opened, you may not make deposits into this account until the maturity date
  • Special Offers Certificates only:
    The offering is for a limited period of time and can be withdrawn at our discretion. You will have seven (7) calendar days from the maturity date to renew, close or withdraw your funds from your certificate without being charged a penalty
  • Penalties for IRA CDs – Early Withdrawal Penalty is waived if 59 ½ years or older and the withdrawal is a distribution reportable under the Internal Revenue Code, or the Accountholder is disabled
  • Penalties for Regular CDs:
    • 3 months interest, earned or unearned, on terms less than 1 year
    • 6 months interest, earned or unearned, on terms 1 year and over
Go To Top

Personalization Settings

x

Welcome

MyFinancial would like to personalize your banking experience. Please enter your first name below..

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to the web server.

Please do not remind me again.