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Personal Account Rates

PERSONAL MONEY MARKET ACCOUNT

Effective 7/1/18. Subject to change without notice

Annual Percentage Yield (APY)

1.00%

Balances $1,000 or more

  • Unlimited deposits and up to 6 additional personal money market transfers and withdrawals*
  • No monthly maintenance fees.
  • Debit Card and check access.
  • Telephone banking and online banking access.
  • Balances of $999.99 or less will earn 0.30% Annual Percentage Yield (APY).
  • Your deposits are insured by the FDIC up to the maximum allowed by law.
  • Variable rate product; interest rates may change at any time.

* Transaction Limitations - Six transfers and withdrawals

Federal law limits certain types of telephone, check and electronic transfers and withdrawals from money market accounts to 6 per statement cycle. These limited transactions include things like Point of Sale transactions, Online and Mobile Banking transfers, and transfers from your Money Market Account to another of your TWB bank accounts. If you go over this limit, we charge $10 for each of these transactions after the initial 6. If you exceed this limit on more than an occasional basis, we are required to close your Money Market Account.

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PERSONAL CERTIFICATE OF DEPOSIT

Term

Interest
Rate

Annual 
Percentage
Yield

Early Withdrawal 
Penalty

6 Months 1.70% 1.71% 1 Month
Simple Interest
9 Months 1.75% 1.76% 1 Month
Simple Interest
12 Months 2.00% 2.02% 6 Months
Simple Interest
18 Months 2.10% 2.12% 6 Months
Simple Interest
24 Months 2.30% 2.32% 6 Months
Simple Interest
30 Months

2.50%  2.52% 6 Months
Simple Interest
36 Months 2.60%  2.63% 9 Months
Simple Interest
48 Months 2.65% 2.68% 9 Months
Simple Interest
60 Months 2.70% 2.73% 12 Months
Simple Interest
  • MINIMUM BALANCE TO OPEN AN ACCOUNT AND OBTAIN THE ANNUAL PERCENTAGE YIELD IS $1,000.
  • INTEREST COMPOUNDED AND CREDITED QUARTERLY.
  • PENALTIES MAY APPLY FOR EARLY WITHDRAWALS. 

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Transaction Limitations

You cannot make additional deposits to this account during a term (other than credited interest). You cannot withdraw principal from this account without the Bank’s consent except on or after maturity. (For accounts that automatically renew, there is a grace period after each renewal date during which withdrawals are permitted without penalty). 

Miscellaneous Fees

Refer to The Westchester Bank’s Schedule of Fees (pdf will open in a new window) for additional fees that may be imposed.

Auto Renewal

The account will automatically renew for the same term on the assigned maturity date, unless you notify us in writing before, or within a 10 day grace period after, the maturity date.

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MONEY MARKET ACCOUNT 1.00% ANNUAL PERCENTAGE YIELD Click to Learn More

Your Recipe For Success
From left to right: Mike Brady and John Tolomer.

“Greyston Bakery had very specific financing needs. The Westchester Bank understood those needs because they listened . . . and they’re local.”

Mike Brady, President & CEO, Greyston Bakery, Inc
John Tolomer, President & CEO, The Westchester Bank


Latest News

The Westchester Bank Receives Top 10 Honors as a "2018 Best Companies to Work for in New York State"

Published 06/05/2018

The Westchester Bank has recently been honored as a 2018 Best Companies to Work for in New York State. This is the second consecutive year the Bank has been so recognized. It is also their first time as a “Top 10” Best Company in the small-sized employer category (ranking #9).

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