Deposit Interest Rates
APY accurate as of
Business
| Annual Percentage Yield | Balance Required to Earn APY | |
|---|---|---|
| Business Plus Checking (Unlimited Transactions) | 0.35% | $0.01 |
| Savings Account (Under $10,000) | 0.15% | $0.01 |
| Savings Account (Over $10,000) | 0.40% | $10,000 |
| Money Market (Limited Transactions) | 0.40% | $0.01 |
Monthly service charges and/or excessive withdrawal fees may reduce earnings on account.
Business
| Annual Percentage Yield (1) | |
|---|---|
| 14 day | 0.05% |
| 1-month | 0.20% |
| 3-month | 2.50% |
| 6-month | 2.75% |
| 1 year | 2.50% |
| 2 year | 2.25% |
| 3 year | 1.40% |
| 4 year | 1.30% |
| 5 year | 1.35% |
Penalties may be assessed for early withdrawals.
The annual percentage yields (APY) listed above are accurate as of the date posted above. The daily balance method is used to calculate the interest.
For Checking and Savings Accounts, the interest rate is variable and may change after the account is opened. Ask a Woodforest Retail Banker for minimum opening deposits for our checking and savings products. Fees could reduce earnings on the account.
For Certificates of Deposit and IRAs, a $500 minimum deposit is required. Penalties may be imposed for early withdrawal. Other fees, restrictions, and terms apply.
For complete information regarding our products, services, fees, and terms, please speak with a Woodforest Retail Banker.
(1) The APY was calculated based on monthly compounding and assumes that all interest earned will remain on deposit until maturity.
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