Small Business Advantage Checking - The ideal account for your small business (sole proprietorship) or not-for-profit organization.
- $100 minimum deposit to open
- No fee with $400 minimum daily balance
- $7 monthly fee if minimum balance is not maintained
- Interest paid on a minimum daily balance of $500
- First 50 checks presented for payment per month free - $0.25 per additional check
- Debit card (with approved application)
- Check imaging
- Complimentary year end account statement provided on CD (by request)
Business Analysis Checking
An account designed for the larger commercial interests and businesses (corporations, partnerships or LLC's) with heavier activity to put you in control of your checking account charges. There is a $10 monthly maintenance fee as well as per item fees ranging from $.05 to $5. This plan gives you the opportunity to minimize or eliminate checking fees by calculating an earnings credit based on 88% of available balances, which offsets monthly maintenance fees. The earnings credit is based on a rate equal to the prior months 91 days US Treasury Bill rate, and is subtracted from the cost of the services that we provide for you.
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 a minimum balance of $100 to open this account.
Business Silver Eagle - A Money Market Savings Account developed to compete with mutual funds and passbook accounts at other banks. The advantages are 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. Three checks may be written on the account each month, a $5 per item charge will be assessed for any after that. Unlimited withdrawals may be made by mail, telephone or in person.
Business Money Market Savings - An interest bearing account that requires a minimum of $500 to earn interest. Three checks may be written on the account each month, a $5 per item charge will be charged for any after that. The minimum balance required to avoid a service charge of is $2,500. You must deposit a minimum of $100 to open this account. Unlimited withdrawals may be made by mail, telephone or in person.
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.
- 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.
- Traveler's Checks
At WAYNE BANK AND TRUST CO. we are known as "The Small Business Professionals" where YOUR SMALL BUSINESS IS OUR BUSINESS. We have a wide variety of loan products to meet your business needs:
- Working Capital Loans
- Lines of Credit
- Term Loans
- Equipment purchases
- Commercial real estate
- Capital needs
- Permanent working capital
- Leasehold improvements
- New business start-up
- SBA/ISDCDC Loans
Our commercial loan officers work closely with the Small Business Administration (SBA) and Indiana Statewide Certified Development Corporation (ISCDC) to provide favorable long-term financing for businesses of all sizes.
- 7 (a)
- Low Doc
- IN Capital Access Program (CAP)
This program allows us to consider loans that may not meet conventional lending requirements.
- US Dept. of Agriculture (USDA) Business and Industry Loans
Loans to create and maintain business growth in rural communities.