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 $200.00, 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 $200.00.
***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.
Certificate of Deposit interest rates are fixed for the term of
the account and may change during grace period. The Certificate
of Deposit annual percentage yield assumes monthly compounding and
that interest remains on deposit until maturity. Interest added
to the account is not principal until at which time the account
matures. Additional deposits are not allowed unless made in the
7 day grace period after maturity. The accounts 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.
The Banking center is brought to you by Waterfield Financial Services (WFSI) who contracts with its affiliate Waterfield Bank to provide the deposit products and services offered through this site. The deposit products are FDIC insured by one of the participating financial institutions to the full extent of the law.
Waterfield Bank
is not affiliated with nor has any liability for the third party
products and services offered on ELoan, First USA, and Answer Financial.
