Personal Banking
Personal Checking Accounts
Your Life and your needs are unique. At Wayne Bank and Trust Co. We understand that your financial needs are unique too. That's why we created accounts to fit every need. From Simply Free checking to our Golden Eagle 50 account, each offers its own unique benefits and each is FDIC insured.
| Personal Checking Accounts | Direct Checking |
Advantage Checking |
Premium Checking | Golden Eagle 50 Checking |
| Monthly Service Fee | $0 (direct deposit)* | $0 with min. balance | $0 with min. balance | $0 with min. balance |
| Minimum Balance to Avoid Fee | $0 | $400 | $1,000 | $100 |
| Monthly Fee if Balance Falls Below Min. | $0 | $7 | $8 | $3 |
| Minimum Opening Deposit | $25 | $100 | $100 | $100 |
| Free Personalized Checks | First order | • | ||
| Earn Interest | Any balance above $500 | On any balance | ||
| Unlimited Check Writing | • | • | • | • |
| Free Direct Deposit | • | • | • | • |
| Free Online Banking | • | • | • | • |
| Free Online Bill Pay | 3 months** | • | • | • |
| Free Online Digital Check Imaging | • | • | • | • |
| Free E-Mail Alerts | • | • | • | • |
| Free ATM Debit/Card | • | • | • | • |
| Free Withdrawals - Wayne Bank ATM | • | • | • | • |
| Free Cash Back at Point of Sale | • | • | • | • |
| Free Coast To Coast ATM Refunds | Up to $8 per card/per mo. | Up to $16 per card/per mo. | Up to $8 per card/per mo. | |
| 20% Discount on Safe Deposit Rental | • | • | ||
| Free Year End Statement CD | Upon Request | |||
| Monthly Check Image Statements | • | • | • | |
| Check Safekeeping | Required | Optional | Optional | Optional |
| Overdraft Protection*** | Optional | Optional | Optional | Optional |
| Free Money Orders | 3 per month | |||
| Free Notary Service | • |
| *$3 monthly fee without direct deposit | |
| **$4.95 per month after 3 months | |
| ***Requires credit approval | |
| Please see account representative for full account details and disclosures. | |
Click here for Checking account rates
Savings Accounts
Savings - A savings account that requires a minimum balance of $300 to earn interest (paid quarterly). You may make two withdrawals per month at no charge, each additional withdrawal per month is $0.50. You must deposit $100 to open this account.
Youth Savings - A savings account for our customers that are below the age of 18 years. This account will earn interest on any balance (paid quarterly). You must deposit $5 to open this account.
Christmas Club - A simple interest account that allows you to save for the holidays. You must deposit $3 to open this account. Christmas Club checks are distributed mid-October each year.
Click here for Savings Account rates
Money Market Accounts
Silver Eagle Money Market Savings - A Money Market Savings Account developed to compete with mutual funds and passbook accounts at other banks. The advantage is that the customer has daily access to their funds, and that the rate will adjust as the market rates adjust. This is ideal for the customer who is unsure of tying their money up in a Certificate of Deposit but still wants to take advantage of future interest rate increases. The minimum balance to obtain the 91-day Treasury Bill rate is $5,000. (If the balance falls below the $5,000 minimum anytime during the month, a fee of $11 will be assessed and no interest will be earned.) The rate change is effective the first business day of each month. *See restrictions
Money Market Deposit Account - A Money Market Savings Account developed to compete with mutual funds and passbook accounts at other banks. The advantage is that the customer has daily access to their funds, and that the rate will adjust as the market rates adjust. This is ideal for the customer who is unsure of tying their money up in a Certificate of Deposit. An interest bearing account that requires a minimum of $500 to earn interest. The minimum balance required to avoid a service charge of is $2,500. (If the balance falls below the $2,500 minimum anytime during the month, a fee of $11 will be assessed and no interest will be earned.)You must deposit a minimum of $100 to open this account. Unlimited withdrawals may be made by mail, telephone or in person. *See restrictions
*Restrictions for Silver Eagle Account and Money Market Savings - By Federal Regulation, you are allowed only 6 third-party withdrawals or transfers by check, ATM card or similar payble per month on a Money Market account. However, you can make unlimited withdrawals at no cost at Wayne Bank's ATM, in person at the Bank, or by request mailed to the Bank.
Click here for Money Market Account rates
Certificates of Deposits
Wayne Bank and Trust Co. offers a variety of Certificate of Deposit terms. They range from 91 days to 5 years. You must deposit a minimum of $1,000 to open a CD.
IRA's
Traditional IRAs
Pay no income tax on the contributions or the earnings until you withdraw funds. Individuals who qualify may contribute up to $4,000 for 2007, $5,000 effective 2008 or 100% of earned income, whichever is less. Individuals age 50 or older will benefit from even higher limits, allowing those closest to retirement to save even more.Roth IRAs
A great way to diversify your portfolio. A Roth IRA is similar to a traditional IRA, but you deposit after-tax funds, some distributions are tax-free, and eligibility requirements have been expanded to allow greater funding. Tax-free earnings make a Roth IRA attractive.
Other Services
- Fax Service
- Notary Service
- Safe Deposit Boxes
Your valuables and important papers can be safe and secure from fire, theft and prying eyes. We have several sizes of boxes available to best suit your needs and budget. - Visa Travel Money Cards and Visa Gift Cards
Credit Cards
We offer both VISA and MASTERCARD, contact any Wayne Bank and Trust Co. representative to receive an easy to complete application.
