Personal Banking

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.

529 College Savings Plan-

 

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

Health Savings Account

Health Savings Account - A Health Savings Plan (HSA) is an indivdually-owned, tax advantaged account that is used for health care expenses for those who have high deductible health plans (HDHP).  You can use it as you acquire expenses or save the funds for futurte expenses.  You decide what expenses you pay with your HSA fund.  An HSA offers triple tax savings with pre-tax or tax-deductible contributions, tax-free interest and invesmtent earnings and tax-free distirbutions (when used for eligible medical expenses).

What are the benefits of an HSA?

HSA Eligibility

Our HSA Offers:

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 payment 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

Credit Cards

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

 

FDIC's Electronic Deposit Insurance Estimator (EDIE)

Click here to access:EDIE calculates the insurance coverage for Personal Accounts—deposits held by people in single accounts, joint accounts, POD/ITF accounts, living trust account, irrevocable trust accounts, and Individual Retirement Accounts (IRAs); Business Accounts—deposits held by corporations, partnerships, and organizations, both for-profit and not-for-profit; and Government Accounts—deposits held by public units such as school districts, cities, municipalities, counties, and states