Savings, CDs & IRAs
We offer savings solutions for everyone. Choose the solution that works for you, or let our knowledgeable Customer Service staff help you make a decision for a worry-free future. At West Milton State Bank, we’re “helping our family, friends and neighbors succeed”.
MAIN STREET SAVINGS ACCOUNT
A great account to get your savings started for your short- or long-term goals.
- No minimum balance required to earn interest
- Tiered interest rates, paid monthly
- Minimum balance of $100 required to avoid maintenance fee
- Free access at over 55,000
& WMSB ATMs - Free Visa® ATM Card
- Free Online Banking
- Free Ez Mobile & Text Banking1
- Free Telephone Banking: 570-568-BANK (2265)
- Free retirement planning consultation
JUNIOR BANKERS CLUB
13 or younger? Join this club for exclusive benefits.
- Minimum balance of $5 required to open account
- No minimum balance required to earn interest
- Tiered interest rates, paid monthly
- Free newsletter, drawings and periodic contests
- Free access at over 55,000 & WMSB ATMs
- Free Visa® ATM Card
- Free Online Banking
- Free Ez Mobile & Text Banking1
- Free Telephone Banking: 570-568-BANK (2265)
- Free retirement planning consultation
CLUB ACCOUNTS
Clubs are a great way to help you save money for any reason! Set aside money for vacation, taxes, Christmas or just a rainy day.
- No minimum balance required to earn interest
- Flexible maturity date for All-Purpose club
Contact Us for complete details or stop by one of our convenient office locations.
1Web access is needed to use Mobile Banking. Text charges may apply for Text Banking. Check with your wireless carrier for fees that may apply. Mobile and Text Banking are available to Online Banking enrollees only. All terms applicable to Online Banking apply to Mobile and Text Banking . Must have Transfers and Bill Pay set up previously in Online Banking to use these functions in Mobile Banking.
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a Free Checking account.
CERTIFICATES OF DEPOSIT (CDs)
This is the solution for you if you are looking for a fixed interest rate with various terms to meet your
savings goals. CDs are the easiest way to save if you don’t need immediate access to your money. They usually pay you a higher interest rate than a traditional savings or money market account and, generally, the longer the term that you invest for, the higher the interest rate.
- Flexible interest payment options
- Variety of terms available ranging from 91 days to 60 months with automatic renewal
- Minimum balance of $500 required for all terms
Annual Percentage Yields (APY) are effective as of April 11, 2013.
CERTIFICATE OF DEPOSIT
Balance Range: $500 to $99,999.99
| TERM | INTEREST RATE | ANNUAL PERCENTAGE YIELD (APY) |
| 91 days | .10% | .10% |
| 182 days | .25% | .25% |
| 1 year | .35% | .35% |
| 2 years | .50% | .50% |
| 3 years | .70% | .70% |
| 4 years | 1.00% | 1.00% |
| 5 years | 1.35% | 1.35% |
A penalty may be imposed for early withdrawals on Certificate of Deposit accounts. Rates are subject to change without notice.
Contact Us or stop by one of our convenient office locations for further information about applicable fees and terms.
INDIVIDUAL RETIREMENT ACCOUNTS
Looking for a risk-free way to save for retirement? Then look no further.
IRAs provide you with tax advantages for long-term retirement savings. The sooner you start contributing to an IRA and the longer you let your money grow, the more you benefit.
- Traditional, Roth and Coverdell available
- Variety of terms available ranging from 12 months to 60 months with automatic renewal
- Tiered interest rates, compounded semi-annually and at maturity
- Make deposits any time or set up an automatic transfer, not to exceed government limits
Annual Percentage Yields (APY) are effective as of April 11, 2013.
Individual Retirement Accounts
Balance Range: $500 to $99,999.99
| TERM | INTEREST RATE | ANNUAL PERCENTAGE YIELD (APY) |
| 91 days | .10% | .10% |
| 182 days | .25% | .25% |
| 1 year | .35% | .35% |
| 2 years | .50% | .50% |
| 3 years | .70% | .70% |
| 4 years | 1.00% | 1.00% |
| 5 years | 1.35% | 1.35% |
A penalty may be imposed for early withdrawals on Individual Retirement accounts. Rates are subject to change without notice.
Contact Us or stop by one of our convenient office locations for further information about applicable fees and terms.
MONEY MARKET ACCOUNT
Looking to earn interest like a certificate of deposit but like the flexibility of a checking account? This account is for you.
- No minimum balance required to earn interest
- Tiered interest rates, paid monthly
- Minimum balance of $2,500 required to open account and avoid maintenance fee
Annual Percentage Yields (APY) are effective as of April 11, 2013.
Money Market Demand Account
To obtain the annual percentage yield disclosed, you must maintain the following balances:
| BALANCE | INTEREST RATE | ANNUAL PERCENTAGE YIELD (APY) |
| $ 0.01 - $ 2,499.99 | .10% | .10% |
| $ 2,500.00 - $24,999.99 | .35% | .35% |
| $ 25,000.00 - $49,999.99 | .40% | .40% |
| $ 50,000.00 - $99,999.99 | .45% | .45% |
| $ 100,000.00 and Over | .50% | .50% |
Fees may reduce the earnings on these accounts. Rate may change after account is opened.
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a Free Checking account.
Contact Us or stop by one of our convenient office locations for further information about applicable fees and terms.
MARKET SHARE INVESTMENT ACCOUNT
Want to be rewarded for your higher balance but want some freedom? Check out this account.
- Tiered interest rates, paid monthly
- Minimum balance of $25,000 to open account
- Minimum balance of $2,500 required to earn interest and avoid maintenance fee
Annual Percentage Yields (APY) are effective as of April 11, 2013.
Market Share Investment Account
To obtain the annual percentage yield disclosed, you must maintain the following balances:
| BALANCE | INTEREST RATE | ANNUAL PERCENTAGE YIELD (APY) |
| $ 0.01 - $ 2,499.99 | .10% | .10% |
| $ 2,500.00 - $24,999.99 | .40% | .40% |
| $ 25,000.00 - $99,999.99 | .50% | .50% |
| $100,000.00 and Over | .55% | .55% |
Fees may reduce the earnings on these accounts. Rate may change after account is opened.
Contact Us or stop by one of our convenient office locations for further information about applicable fees and terms.
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a Free Checking account.
Full disclosure information can be obtained from a Customer Service Specialist.
