Savings

Whether you are saving for something special or just like to be prepared for the unexpected, a savings account is a good idea. We offer savings accounts for adults and kids alike, as well as a Christmas Club account. All savings accounts earn interest. If you close your account before interest is credited, you will not receive the accrued interest. Contact one of our Personal Bankers and save.

 
Account TypeStatement SavingsChristmas ClubMinor SavingsKids Club

Compare Our Savings Options

Minimum to Open Account

$50.00

N/A

N/A

N/A

Service Charge if Balance Falls Below Minimum

$5.00 Quarterly

N/A

N/A

N/A

Transaction Limits

Transfers from a Savings Account to another account or to a third party by ACH, pre-authorized, automatic, telephone or computer transfer are limited to six per month. Unlimited in person transfers or withdrawals.

You may not make any transfers from this account to another account of yours or to a third party by ACH, pre-authorized, automatic, or telephone transfer or similar order to third parties. The maximum amount you may deposit is $ 500.00 per month for a total of $ 6,000.00 per calendar year.

Transfers from a Savings Account to another account or to a third party by ACH, pre-authorized, automatic, telephone or computer transfer are limited to six per month. Unlimited in person transfers or withdrawals.

Transfers from a Savings Account to another account or to a third party by ACH, pre-authorized, automatic, telephone or computer transfer are limited to six per month. Unlimited in person transfers or withdrawals.

CDARS

Looking for safety for your large deposits, plus CD-level rates that may compare favorably to Treasuries? Ask us about CDARS®! It’s a great solution for safety-conscious institutional investors, businesses, non-profit organizations, and public funds.

CDARS offers multiple benefits to investors who want to combine the security of access to FDIC insurance with the convenience of working directly with just one financial institution.

  • Peace of Mind. Using the CDARS service, you can access multi-million-dollar FDIC insurance on CD investments. 1
  • One Relationship. You work directly with Waumandee State Bank.
  • One Rate. You negotiate one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or tally disbursements for each CD.
  • One Statement. You receive one regular statement detailing your CD investments. You no longer need to manually consolidate statements at the end of each month, quarter, or year.
  • No Hidden Fees. You will not be charged annual fees, subscription fees, or transaction fees for using CDARS. The rate you see is the rate you get.
  • No Ongoing Collateralization. Because CDARS deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis. 2
  • A Wide Variety of Maturities. Select from various maturities – ranging from 4 weeks to 5 years – and choose the terms that best suit your investment needs.
  • Community Investment. The full amount of your funds can support lending initiatives that strengthen your local community.3

Ask us about how CDARS can work for you the next time you visit one of our branches, or email inquire@waumandeebank.com for more information.

1. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Waumandee State Bank. The agreement contains important information and conditions regarding the placement of funds by us.
2. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS, or a particular CDARS transaction, satisfies those restrictions.
3. This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC. 

CDARS

Access multi-
million dollar FDIC insurance.

Terms and conditions apply

Learn More
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