Personal Savings

Personal Savings

  • A deposit of at least $5.00 is required to open a personal savings account.
  • You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
  • You may make unlimited in-person withdrawals. You may make up to six (6) pre-authorized, automatic, or telephone transfers per month.
  • 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.
  • Interest will be compounded and credited quarterly. If you close your account before interest is credited, you will not receive the accrued interest.
  • Your interest rate and annual percentage yield (APY) may change. Please see the rate chart provided at account opening for the rate as of that date.
  • For current rates, please contact Waldo State Bank. 
  • Children aged 12 and younger can open a Custodial Account
  • Children aged 13-15 years old can open a joint account with their parents or legal guardians. ATM card is available at age 16. 

For custodial account information, visit our kid's club page!

Newsletter Sign-up

Interested in bank news & updates?