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Regular Savings Accounts
| Minimum amount to open |
$100.00 |
| Interest rate |
Contact WCSB for details |
| Annual percentage yield (APY) |
Contact WCSB for details |
| Interest computation method |
average daily balance* |
| Statement period |
quarterly |
| Interest compounding frequency |
quarterly |
| Interest crediting frequency |
quarterly |
| Transaction limitation |
only 3 per quarter |
| Dormant Account fee |
$5 per month up to 12 months, after 60 months of inactivity |
Transaction limitation:
During any statement cycle, you may not make any more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order. If you exceed the limitations set forth above, your account shall be subject to closure.
Additional Terms:
During any statement cycle, you are allowed 3 withdrawals/debits. After 3 withdrawals/debits, you will be charged $1 per debit.
*The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing the figure by the number of days in the period.
Christmas Club Accounts
| Minimum amount to open |
$ 25.00 |
| Interest rate |
Contact WCSB for details |
| Annual percentage yield (APY) |
Contact WCSB for details |
| Interest computation method |
average daily balance* |
| Statement period |
quarterly |
| Interest compounding frequency |
annually |
| Interest crediting frequency |
annually |
| Transaction limitation |
annual withdrawal on November 1st $10 for each withdrawal Prior to November 1st |
| Dormant Account fee |
$5 per month up to 12 months |
*The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing the figure by the number of days in the period.
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| Savings Calculator |
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