Deposit Accounts

Checking Accounts

• Available to Consumers and Businesses

• Initial deposit required to open this account: $100.00

• Unlimited check writing

• VISA ATM/Debit card available with credit approval

• Interchange Fee waived on four (4) ATM transactions each statement cycle.

• A Service Charge of $4.00 will be imposed if the balance in the account is less than $500.00 any day of the monthly statement cycle.

• Free Online and Mobile Banking

• Receives a monthly statement with images of cleared checks. Inter@ct eStatements & eNotices are available when enrolled in Online Banking

Checking Plus Accounts

• Businesses are not eligible for this account

• Initial deposit required to open this account: $1,000.00

• Unlimited check writing

• VISA ATM / Debit card available with credit approval

• Interchange Fee waived on four (4) ATM transactions each statement cycle.

• A Service Charge of $6.00 will be imposed if the balance in the account is less than $1,000 any day of the monthly statement cycle.

• Free Online and Mobile Banking

• Receives a monthly statement with images of cleared checks. Inter@ct eStatements & eNotices are available when enrolled in Online Banking

• Balances & rates are tiered:

  • Tier 1: $20,000 +

  • Tier 2: $2,500 - $19,999.99

  • Tier 3: $0.01 - $2,499.99

Money Market Accounts

• Available to Consumers and Businesses

• Initial deposit required to open this account: $2,500.00

• A Service Charge of $6.00 will be imposed if the balance in the account is less than $2,500.00 any day of the monthly statement cycle.

• Excess withdrawal fee of $10.00 for each debit in excess of 6 per monthly statement cycle

• Your account is limited to six (6) pre-authorized debits each monthly statement cycle. Pre-authorized debits include transfers authorized by telephone, transfers and payments authorized by agreement, and checks made payable to third parties.

• Interchange Fee waived on four (4) ATM transactions in each statement cycle.

• Free Online and Mobile Banking

• Receives a monthly statement with images of cleared checks. Inter@ct eStatements & eNotices are available when enrolled in Online Banking

• Balances & rates are tiered:

  • Tier 1: $50,000 +

  • Tier 2: $15,000 - $49,999.99

  • Tier 3: $2,500.00 - $14,999.99

  • Tier 4: $0.01 - $2,499.99

Savings Account

• Initial deposit required to open this account: $50.00

• A Service Charge of $2.00 will be imposed if the balance in the account is less than $50.00 any day of the monthly statement cycle.

• Excess withdrawal fee of $1.00 for each debit in excess of six (6) per calendar month

• Your account is limited to six (6) pre-authorized debits each calendar month (the calendar month will be considered to end on the last business day of the month). Pre-authorized debits include transfers authorized by telephone and both transfers and payments authorized in advance by agreement.

• Free Online and Mobile Banking

• Receives a monthly statement with images of cleared checks. Inter@ct eStatements & eNotices are available when enrolled in Online Banking

• Upon request this account is available without a minimum deposit or service charge for minors age 18 and under.

Investments

Certificate of Deposit (CD)

• Initial deposit required to purchase a CD: $500.00

• We offer CD’s with terms of 3 months to 60 Months.

• Interest on certificates with a term to maturity of less than 9 months will be paid at maturity.

• Interest on certificates with a term to maturity of 9 months or more will be paid quarterly by adding the interest to your certificate balance.

• Early withdrawal penalty apply.

Individual Retirement Accounts (IRA)

Discover new and better ways to save for your future. Open an Individual Retirement Account (IRA) at Western National Bank. We will help you make a new contribution, rollover from an existing IRA, rollover from a Qualified Plan, or convert your Traditional IRA to a Roth IRA.

Each type of IRA provides different benefits. Please consult a tax professional to determine which type of IRA suits your needs. The types of IRAs we offer are:

• Traditional IRA

• ROTH IRA

• Education IRA

• SEP IRA

IRAs are insured separately by the FDIC regardless of additional Western National Banks account relationships.

Contributions to an IRA account can be made throughout a current tax year up until the designated personal tax filing date, generally, April 15th following the end of the tax year.

Traditional IRA

Contributions are tax-deferred. If you expect your tax rate during retirement to be lower than it is today or if you want to reduce taxable income now, this option may be a better fit for you.

ROTH IRA

Contributions are made after you are taxed, so you won't pay taxes when making qualified distributions. If you expect to have a higher tax rate at retirement, this option may be a better fit for you.

Education IRA (CESA IRA)

A Coverdell Education Savings Account (CESA), formally known as an Education IRA, is an education savings plan set up and managed by a parent or guardian for the benefit of a minor. Amounts deposited in the account grow tax-free until distributed, and the child will not owe tax on any withdrawal for qualified primary, secondary and/or higher education expenses.

SEP IRA

Similar to the self-employed 401(k), a SEP (simplified employee pension) IRA has high contribution limits and allows for fluctuations in contributions. Contributions are tax-deductible, and investments can grow tax-deferred over time. A SEP IRA is often attractive to those who are self-employed or own a small business.

Health Savings Account (HSA)

You can make pre-tax or tax-deductible contributions. Contributions are limited to current government regulations. Contribution amounts change annually. Consult your tax advisor.

Safe Deposit Boxes

• Available at all Western National Bank Branches

• Annual fee applies

• Contact your local branch to check availability.