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	Simply Free Checking *w/direct deposit	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	6 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 6 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 limited in the number of checks you can write each month on a Money Market Savings Account.  You are allowed six third-party debits per statement cycle, but only three can be by check.  Checks in excess of three per month are assessed a fee of $5 each.  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

Personal Loans

Wayne Bank and Trust Co. offers a wide variety of lending products to fit your banking needs, whether it is an installment loan, mortgage loan, home equity loan or a business loan. If you have any questions, you can speak directly to a Wayne Bank and Trust Co. representative and not a recording. Click here to contact a Wayne Bank and Trust Co. customer service representative and get more information .

Installment Loans

If it's a new car, a new kitchen appliance, debt consolidation or that long awaited vacation, Wayne Bank and Trust Co. has a wide variety of loans to fit your borrowing needs:

• Auto Loans
• Boat Loans
• RV Loans
• Home Equity Loans
• Home Improvement Loans
• Personal Loans

Contact a Wayne Bank and Trust Co. Loan Representative for more info concerning our Installment Loans.

Mortgage Loans

Whether you are interested in the purchase of a new home, refinancing your current home or maybe you are looking to buy your first home, Wayne Bank and Trust Co. offers a wide variety of mortgage products to fit your borrowing needs.  Best of all, we do not sell our loan servicing - so we are always right here to assist you with your questions, your payments or your concerns.

• Fixed Rate Loans
• Adjustable Rate Loans
• Rural Housing Loans
• Mortgage Credit Certificate Loans
• My Community Mortgage Program
• No Down Payment Options
• Construction Loans

Contact one of our Mortgage Loan professionals for additional information.

Home Equity Lines of Credit (HELOC)

Click Here for Information on Our Fixed Rate HELOC Special.

Home Equity Lines of Credit can be used for a new car, home improvement, paying off those high interest rate credit cards, college tuition or any unforeseen emergency. With a Wayne Bank and Trust Co. Home Equity Line of Credit you are in control, you decide when and for what you use the money and it's easy to do, you just write one of your Home Equity Line of Credit checks or use a debit card associated with the account. Home Equity Lines of Credit have several advantages:

• Lower interest rates
• Lower monthly payments
• Money available when you need it
• Interest may be tax deductible*

Contact a Wayne Bank and Trust Co. loan representative for more information concerning our Home Equity Lines of Credit.

 

*Consult your tax advisor

Credit Cards

We offer both VISA and MASTERCARD, contact any Wayne Bank and Trust Co. representative to receive an easy to complete application.