Deposit and Certificate Rates

Check out our competitive rates, effective March 19, 2024.

Retail Checking Rates

Product
Interest Rate**
APY*
Minimum To Open Account
Minimum Balance To Obtain APY*
Minimum Balance To Avoid Monthly Fee
Minimum Balance Fee
Free Checking N/A N/A $50.00 N/A None None
Interest Checking 0.03% 0.03% $100.00 $100.00 $100.00 $15.00
Premier Checking 0.03% 0.03% $2500.00 $2500.00 $2500.00 $15.00
50+ Checking 0.05% 0.05% $100.00 $100.00 None None
Money Market Tier 1 0.10% 0.10% $1,000.00 $1,000.00 $1,000.00 $15.00
Money Market Tier 2
0.10% 0.10% $1,000.00 $30,000.00 $1,000.00 $15.00
Money Market Tier 3
0.10% 0.10% $1,000.00 $50,000.00 $1,000.00 $15.00
Money Market Tier 4
0.15% 0.15% $1,000.00 $100,000.00 $1,000.00 $15.00
Money Market Tier 5
0.25% 0.25% $1,000.00 $200,000.00 $1,000.00 $15.00

Business Deposit Rates

Product
Interest Rate**
APY*
Minimum To Open Account
Minimum Balance To Obtain APY*
Minimum Balance To Avoid Monthly Fee
Minimum Balance Fee
Business Checking N/A N/A $500.00 N/A None None
Business Interest Checking 0.03% 0.03% $1000.00 $1000.00 $1000.00 $20.00
Business Money Market Tier 1
0.10% 0.10% $1000.00 $1000.00 $1000.00 $25.00
Business Money Market Tier 2 0.10% 0.10% $1000.00 $30,000.00 $1000.00 $25.00
Business Money Market Tier 3 0.10% 0.10% $1000.00 $50,000.00 $1000.00 $25.00
Business Money Market Tier 4 0.15% 0.15% $1000.00 $100,000.00 $1000.00 $25.00
Business Money Market Tier 5 0.25% 0.25% $1000.00 $200,000.00 $1000.00 $25.00

Savings Rates

Product
Interest Rate**
APY*
Minimum To Open Account
Minimum Balance To Obtain APY*
Minimum Balance To Avoid Monthly Fee
Minimum Balance Fee
Statement Savings 0.05% 0.05% $100.00 $100.00 $100.00 $5.00
Passbook Savings 0.05% 0.05% $100.00 $100.00 $100.00 $5.00
IRA Money Market Tier 1
0.05% 0.05% $1000.00 $1000.00 $1000.00 $15.00
IRA Money Market Tier 2 0.10% 0.10% $1000.00 $30,000.00 $1000.00 $15.00
Holiday Club+ 0.10% 0.10% $1.00 $1.00 None None
Kids Saver Account 0.15% 0.15% $25.00 $25.00 None None

Certificates of Deposit Rates***

Certificate Term
Interest Rate
APY*
Minimum To Open
91 Day 0.30% 0.30% $500.00
182 Day 0.50% 0.50% $500.00
1 Year 0.60% 0.60% $500.00
18 Month
1.00% 1.01% $500.00
2 Year 1.00% 1.01% $500.00
3 Year 1.00% 1.01% $500.00
4 Year 1.00% 1.01% $500.00
5 Year 1.00% 1.01% $500.00
5 Month CD Special 4.51% 4.60% $500.00
7 Month CD Special**** 4.89% 5.00% $500.00
9 Month CD Special**** 5.13% 5.25% $500.00
11 Month CD Special**** 5.03% 5.15% $500.00

* APY = Annual Percentage Yield
** Interest Rate and Annual Percentage Yield may vary after account is opened. Fees may reduce earnings.
*** A penalty will or may be imposed for early withdrawal if you withdraw any or all of the deposited funds before the maturity date. The penalty assessed is based on the term of the Certificate of Deposit.
****New money only. New money is defined as deposits and investments not currently held in deposit at William Penn Bank.

Contact your local branch for details.

Holiday Club

+ The maturity date of this club account is October 3rd; its term varies depending on when the account is opened.  A $15.00 penalty will be imposed and account closed for early withdrawal, regardless of amount.