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Personal Account Rates

PERSONAL MONEY MARKET ACCOUNT

Effective 8/20/19. 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 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 2.15% 2.17% 6 Months
Simple Interest
30 Months

2.15%  2.17% 6 Months
Simple Interest
36 Months 2.20%  2.22% 9 Months
Simple Interest
48 Months 2.25% 2.27% 9 Months
Simple Interest
60 Months 2.25% 2.27% 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). 

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.


Miscellaneous Fees

 

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

Built on Integrity and Exceptional Customer Service

"As a leading commercial real estate owner, integrity and customer service remain our most valued assets. The Westchester Bank shares those same values. They really care about us and are trusted partners in our success."

Robert Weisz Chairman & CEO RPW Group

John Tolomer, President & CEO, The Westchester Bank


Latest News

The Westchester Bank continues Growth with Newest Branch Opening in Ossining

Published 10/14/2019

The Westchester Bank, continuing to expand its countywide footprint, is pleased to announce the opening of its newest branch located at the Arcadian Shopping Center, 240 South Highland Avenue in Ossining.

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