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Rates

Effective Date: 02/12/2014

Special Promotions

 Min. to Earn APYInterest
Rate
APY*Min. to Earn APYInterest
Rate
APY*Compound
      



Certificates of Deposits (CD)

Minimum to open $1,000

TermMin. to Earn APYinterest
Rate
APY*Min. to Earn APYInterest
Rate
APY*Compound
 under $100,000 over $100,000  
30 Day$1,000.000.05%0.05%$100,0000.05%0.05%At Maturity
60 Day$1,000.000.05%0.05%$100,0000.05%0.05%At Maturity
90 Day$1,000.000.10%0.10%$100,0000.10%0.10%At Maturity
180 Day$1,000.000.15%0.15%$100,0000.15%0.15%Quarterly
12 Month$1,000.000.55%0.55%$100,0000.55%0.55%Quarterly
18 Month$1,000.000.66%0.66%$100,0000.66%0.66%Quarterly
24 Month$1,000.000.80%0.80%$100,0000.80%0.80%Quarterly
30 Month$1,000.001.00%1.00%$100,0001.00%1.00%Quarterly
36 Month$1,000.001.05%1.05%$100,0001.05%1.05%Quarterly
48 Month$1,000.001.15%1.16%$100,0001.15%1.16%Quarterly
60 Month$1,000.001.25%1.26%$100,0001.25%1.26%Quarterly
Early CD withdrawal penalties may apply.


Individual Retirement Accounts (IRA)

Minimum to open $500

TermMinimum Balance to Earn APYInterest
Rate
APY*Min. to Earn APYInterest
Rate
APY*Compound
 under $100,000 over $100,000  
12 Month$500.000.55%0.55%$100,0000.55%0.55%Quarterly
24 Month$500.000.80%0.80%$100,0000.80%0.80%Quarterly
36 Month$500.001.05%1.05%$100,0001.05%1.05%Quarterly
48 Month$500.001.15%1.16%$100,0001.15%1.16%Quarterly
60 Month$500.001.25%1.26%$100,0001.25%1.26%Quarterly

Early CD withdrawal penalties may apply.

Classic Savings

Minimum to open $100

Minimum Balance to Earn APYInterest
Rate
APY*Compound
$300.000.10%0.10%Quarterly



Classic Money Market

Minimum to open $100

Minimum Balance
to earn APY*
TierInterest
Rate
APY*Compound
$2,500$2,500 - $9,999.990.10%0.10%Monthly
$10,000$10,000 - $24,999.990.20%0.20%Monthly
$25,000$25,000 - $49,999.990.25%0.25%Monthly
$50,000$50,000 - $94,999.990.35%0.35%Monthly
$95,000$95,000 and over0.45%0.45%Monthly



Westbound Business Advantage
(Business Money Market)

Minimum to open $500

Minimum Balance
to earn APY*
TierInterest
Rate
APY*Compound
$2,500$3,000- $9,999.990.10%0.10%Monthly
$10,000$10,000 - $24,999.990.20%0.20%Monthly
$25,000$25,000 - $49,999.990.25%0.25%Monthly
$50,000$50,000 - $94,999.990.35%0.35%Monthly
$95,000$95,000 and over0.45%0.45%Monthly



50+ FREE Interest Checking

Minimum to open $50

 

Minimum Balance
to Earn APY
Interest
Rate
APY*Compound
$2,000.000.05%0.05%Monthly



 

Direct Free Checking

 Interest
Rate
APY*Compound
Low Rate .01 and up0.05%0.05%Monthly



Performance Interest Checking

 Interest
Rate
APY*Compound
0.00 - 1,499.000.05%0.05%Monthly
1,500.00 and over0.10%0.10%Monthly
Early CD withdrawal penalties may apply.


Business IOLTA Account

Minimum to open $50

 

Minimum Balance to Earn APYInterest
Rate
APY*Compound
$2,000.000.10%0.10%Monthly



 

Business Interest Checking

Minimum Balance to Earn APYInterest
Rate
APY*Compound
$0.000.10%0.10%Monthly



*APY = Annual Percentage Yield.

The interest rate and annual percentage yield may change after account opening. Fees could reduce the earnings on the accounts. Rates are applicable as of the effective date of these rates and may change at the Bank's discretion. Contact a Westbound Bank Representative for further information about applicable fees and terms. 

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