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Rates

Effective Date: 02/17//2015

Special Promotions

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



Certificates of Deposits (CD)

Minimum to open $1,000

TermMinimum Balance Required to Earn APY*interest
Rate
APY*Min. to Earn APYInterest
Rate
APY*Compound Interest Paid
 under $100,000  $100,000 & over  
30 Day$1,000.000.05%0.05%$100,0000.05%0.05%At Maturity
60 Day$1,000.000.10%0.10%$100,0000.10%0.10%At Maturity
90 Day$1,000.000.15%0.15%$100,0000.15%0.15%At Maturity
180 Day$1,000.000.20%0.20%$100,0000.20%0.20%Quarterly
12 Month$1,000.000.65%0.65%$100,0000.65%0.65%Quarterly
18 Month$1,000.000.85%0.85%$100,0000.85%0.85%Quarterly
24 Month$1,000.001.00%1.00%$100,0001.00%1.00%Quarterly
30 Month$1,000.001.05%1.05%$100,0001.05%1.05%Quarterly
36 Month$1,000.001.24%1.25%$100,0001.24%1.25%Quarterly
48 Month$1,000.001.34%1.35%$100,0001.34%1.35%Quarterly
60 Month$1,000.001.59%1.60%$100,0001.59%1.60%Quarterly
Early CD withdrawal penalties may apply.


Individual Retirement Accounts (IRA)

Minimum to open $500

TermMinimum Balance Required to Earn APY*Interest
Rate
APY*Min. to Earn APYInterest
Rate
APY*Compound Interest Paid
 under $100,000 $100,000 & over  
12 Month$500.000.65%0.65%$100,0000.65%0.65%Quarterly
24 Month$500.001.00%1.00%$100,0001.00%1.00%Quarterly
36 Month$500.001.24%1.25%$100,0001.24%1.25%Quarterly
48 Month$500.001.34%1.35%$100,0001.34%1.35%Quarterly
60 Month$500.001.59%1.60%$100,0001.59%1.60%Quarterly

Early CD withdrawal penalties may apply.

Classic Savings

Minimum to open $100

Minimum Balance Required to Earn APY*Interest
Rate
APY*Compound
NA0.20%0.20%Quarterly



Classic Money Market

Minimum to open $100

Minimum Balance Required
to earn APY*
TierInterest
Rate
APY*Compound
$2,500$2,500 - $9,999.990.20%0.20%Monthly
$10,000$10,000 - $24,999.990.25%0.25%Monthly
$25,000$25,000 - $49,999.990.30%0.30%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 Required
to earn APY*
TierInterest
Rate
APY*Compound
$ 3,000$3,000- $9,999.990.20%0.20%Monthly
$10,000$10,000 - $24,999.990.25%0.25%Monthly
$25,000$25,000 - $49,999.990.30%0.30%Monthly
$50,000$50,000 - $94,999.990.35%0.35%Monthly
$95,000$95,000 and over0.45%0.45%Monthly



 

Performance Interest Checking

Minimum to open $50

 Minimum Balance Required to Earn APY*Interest
Rate
APY*Compound
0.01 - 1,999.990.05%0.05%Monthly
2,000.00 and over0.10%0.10%Monthly



Value Checking

 Minimum Balance Required to Earn APY*Interest
Rate
APY*Compound
NA0.05%0.05%Monthly



Business IOLTA Account

Minimum to open $100

 

Minimum Balance Required to Earn APY*Interest
Rate
APY*Compound
$2,500.000.10%0.10%Monthly



 

Business Interest Checking


Minimum to open $100

Minimum Balance Required to Earn APY*Interest
Rate
APY*Compound
$2000.000.10%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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