FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Deposit Rates
Checking Accounts |
Account Type | Interest Rate1 | Annual Percentage Yield1 | Minimum Deposit to Open Account | Minimum Balance to obtain APY2 |
Interest Checking | 0.100% | 0.100% | $500.00 | $500.00 |
Non-Interest Checking | N/A | N/A | $100.00 | N/A |
Simply Debit | N/A | N/A | $1.00 | N/A |
1 Annual Percentage Yield (APY) and interest rates are current as of January 13, 2025 and may change at our discretion. Current rates will be quoted at the time of account opening. Interest begins to accrue on the business day of your deposit. Interest is compounded daily and credited monthly. Should you close you account before interest is credited, you will receive the accrued interest.
2 Annual Percentage Yield (APY) assumes interest remains on deposit. Fees could reduce earnings
Account Type | Interest Rate1 | Annual Percentage Yield1 | Minimum Deposit to Open Account | Minimum Balance to obtain APY2 |
Passbook Savings3 | 0.150% | 0.150% | $10.00 | $10.00 |
Statement Savings | 0.150% | 0.150% | $10.00 | $10.00 |
Money Market | 0.150% | 0.150% | $1,000.00 | $1,000.00 |
1 Annual Percentage Yield (APY) and interest rates are current as of January 13, 2025 and may change at our discretion. Current rates will be quoted at the time of account opening. Interest begins to accrue on the business day of your deposit. Interest is compounded daily and credited quarterly; interest to Money Market accounts is credited monthly. Should you close your account before interest is credited, you will receive the accrued interest.
2 Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings.
3 No electronic withdrawals are allowed from this type of account. Passbook must be present for withdrawals.
Account Type | Interest Rate1 | Annual Percentage Yield1 | Minimum Deposit to Open Account | Minimum Balance to obtain APY |
Christmas Club | 0.150% | 0.150% | $1.00 | $1.00 |
Vacation Club | 0.150% | 0.150% | $1.00 | $1.00 |
Clubs available in any amount from $1.00 and up. These are passbook accounts.
1 Annual Percentage Yield (APY) and interest rates are current as of January 13, 2025 and may change at our discretion. Current rates will be quoted at the time of opening account. Interest begins to accrue on the business day of your deposit. Interest is compounded daily and credited to the account at club maturity.
Christmas Club checks are issued in October - Vacation Club checks are issued in April.
Account Term | Interest Rate | Annual Percentage Yield | Minimum Deposit to Open Account | Minimum Balance to obtain APY2 |
6 Months | 4.060% | 4.100% | $1,000.00 | $1,000.00 |
9 Months* | 3.880% | 3.900% | $1,000.00 | $1,000.00 |
12 Months | 1.000% | 1.000% | $500.00 | $500.00 |
13 Months* | 3.640% | 3.700% | $500.00 | $500.00 |
24 Months | 1.250% | 1.250% | $500.00 | $500.00 |
36 Months | 1.490% | 1.500% | $500.00 | $500.00 |
48 Months | 1.740% | 1.750% | $500.00 | $500.00 |
60 Months | 1.990% | 2.000% | $500.00 | $500.00 |
1 Annual Percentage Yield (APY) and interest rates are current as of January 13, 2025 and may change at our discretion. Current rates will be quoted at the time of account opening.
2 Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings.
- *Special Offers Certificates: Specials are for a limited time period and can be withdrawn at our discretion
- Once the certificate is opened you may not make any deposits into the account until it reaches maturity
- The interest rate for your certificate will be paid until it's maturity date
- Certificates will automatically renew at maturity
- You will have seven (7) calendar days from the maturity date to renew, close, or withdraw funds from your certificate without being charged a penalty
- Interest is compounded monthly and will be credited by one of these methods:
- To your certificate monthly
- By a check or transfer to another WFS account monthly ($5,000.00 minimum balance required)
- To your certificate at maturity
- Penalties for IRA CDs:
- Early Withdrawal Penalty is waived if 59 ½ years or older and the withdrawal is a distribution reportable under the Internal Revenue Code, or the Accountholder is disabled
- Penalties for Regular CDs:
- 3 months interest, earned or unearned, on terms less than 1 year
- 6 months interest, earned or unearned, on terms 1 year and over
© 2025 Westmoreland Federal Savings and Loan Association. All Rights Reserved.
Routing #243373387 | WFS NMLS ID 518302
