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Deposit Rates

 

CD Special *
(Effective: Friday, May 17, 2013)
ProgramTermAPY
Step Up CD 24 months 0.85%

*Annual Percentage Yield (APY) effective as of 05/17/13 and subject to change. Minimum deposit $1,000. Offer may be withdrawn at any time. A penalty will be imposed for early withdrawal. The Step-Up option is one time during the 24-month term. To exercise your option, you may come into or call the Bank. Your new rate will match our 24-Month CD rate available at that time. At maturity, your account will be automatically renewed as a 24-Month CD unless you instruct us otherwise.

Business Savings Account1,2,3*
(Effective: Friday, May 17, 2013)
ProgramMinimum Daily Balance
to earn APY		APY
Business Savings Account Over $50,000.00 0.20 %
*APY is Annual Percentage Yield. $20,000.00 to $49,999.99 0.20 %
Minimum balance to avoid fee: $0 $10,000.00 to $19,999.99 0.20 %
Minimum balance to open account: $20 $0.01 to $9,999.99 0.20 %
Certificate of Deposit or Individual Retirement Account (IRA)*
(Effective: Friday, May 17, 2013)
ProgramMinimum Daily Balance
to earn APY		APY
91 Day Certificate
(Minimum balance to open account: $2,500		 $2,500.00 0.25%
6 Month Certificate
(Minimum balance to open account: $2,500)		 $2,500.00 0.30%
7 Month Certificate
(Minimum balance to open account: $2,500)		 $2,500.00 0.35%
1 Year Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 0.50%
18 Month Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 0.60%
2 Year Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 0.85%
30 Month Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 0.95%
3 Year Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 1.05%
4 Year Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 1.20%
5 Year Certificate
(Minimum balance to open account: $1,000)		 $1,000.00 1.35%

*APY is Annual Percentage Yield.
Withdrawals on certificates prior to maturity are not usually permitted by Walpole Co-operative Bank. If a withdrawal should be allowed, a substantial penalty may be imposed for early withdrawals before maturity.

Checking Accounts1,2*
(Effective: Friday, May 17, 2013)
ProgramMinimum Daily Balance
to earn APY		APY
High Rate Checking
*APY is Annual Percentage Yield.
Minimum balance to avoid fee: $2,500
Minimum balance to open account: $20		 Over $50,000.00
$20,000.00 to $49,999.99
$10,000.00 to $19,999.99
$0.01 to $9,999.99		 0.50 %
0.25 %
0.15 %
0.10 %
NOW Checking
Minimum balance to avoid fee: $500

 *APY is Annual Percentage Yield.
Minimum balance to open accounts: $20

 $500.00 0.05 %
Money Market Account1,2,3*
(Effective: Friday, May 17, 2013)
ProgramMinimum Daily Balance
to earn APY		APY
Money Market Account
*APY is Annual Percentage Yield.
Minimum balance to avoid fee: $1,000
Minimum balance to open account: $20		 Over $50,000.00
$20,000.00 to $49,999.99
$10,000.00 to $19,999.99
$0.01 to $9,999.99		 0.50 %
0.35 %
0.30 %
0.25 %
Savings Account1,2,3*
(Effective: Friday, May 17, 2013)
ProgramMinimum Daily Balance
to earn APY		APY
Savings Account

*APY is Annual Percentage Yield.
Minimum balance to avoid fee: $0
Minimum balance to open account: $10		 $0.01 0.20%

Important account information

Annual Percentage Yield (APY) assumes interest remains on deposit for one year. Withdrawal of interest will reduce earnings. Interest is computed daily and compounded on a monthly basis.

  1. Variable Interest - This means that the rate may change after the account is opened.
  2. Fees could reduce earnings on your account. Please refer to the Statement of Charges brochure or see a Bank employee for more information about terms and charges.
  3. You are permitted or authorized to make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per statement cycle to another account at this bank or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, debit card, or similar order and payable to third parties.

Your Deposits are Insured in Full.

At Walpole Co-operative Bank, every deposit is insured in full. Each depositor is insured to at least $250,000.00 by The Federal Deposit Insurance Corporation (FDIC). All deposits over and above this amount are covered by the Share Insurance Fund (SIF), established by the legislature in 1934 to protect deposits in Massachusetts-chartered co-operative banks. There are no maximum account limitations or amount limitations.

This is your Bank!

For more information about our products or services, please use our information request form or give us a call at (508) 668-1080.