Waldo State Bank Interest-Bearing Checking

Benefits of an Interest-Bearing Checking Account

At Waldo State Bank, we offer interest-bearing checking accounts for your small or medium-sized business. We build our accounts and services to help you reach your business’s financial goals.

• No monthly fees
• No per-item fee
• Free QuickBooks and Quicken products
• Free ATM access
• Free start card at account opening
• Free initial debit card
• Electronic statements (eStatements) available
• Unlimited check-writing
• Unlimited transactions
• Free online banking and mobile deposit

Details of an Interest-Bearing Checking Account

• Minimum deposit to open required: $750.00
• Must maintain a $750.00 balance in the account each day to avoid a monthly maintenance fee of $5.00
• Interest begins to accrue on the business day you deposit noncash items (checks, for example).
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Interest will be compounded and credited to your account each month at the statement cycle. If you close your account before interest is credited, you will forfeit the interest accrued to that day.
• Your interest rate and annual percentage yield (APY) may change. At our discretion, we may change the interest rate on your account at any time.
• Check-printing fee will depend on the style of the check ordered
• Contact Waldo State Bank for current rates.