Check out our competitive Deposit and Certificate Rates, Effective December 6, 2019.

 

Retail Checking Rates

Product
Interest Rate**
APY*
Minimum To Open Account
Minimum Balance To Obtain APY*
Minimum Balance To Avoid Service Fee
Service Fee
Free Checking N/A N/A $50.00 N/A None None
Interest Checking 0.05% 0.05% $100.00 $100.00 $100.00 $10.00
Super Interest Checking 0.15% 0.15% $2500.00 $2500.00 $2500.00 $10.00
50+ Checking 0.15% 0.15% $100.00 $100.00 None None
Money Market Tier 1 0.25% 0.25% $1,000.00 $1,000.00 $1,000.00 $15.00
Money Market Tier 2
0.50% 0.50% $1,000.00 $30,000.00 $1,000.00 $15.00
Money Market Tier 3
0.90% 0.90% $1,000.00 $50,000.00 $1,000.00 $15.00
Money Market Tier 4
1.75% 1.76% $1,000.00 $100,000.00 $1,000.00 $15.00
Money Market Tier 5
2.00% 2.02% $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 Service Fee
Service Fee
Business Checking N/A N/A $500.00 N/A None None
Business Interest Checking 0.05% 0.05% $1000.00 $1000.00 $1000.00 $20.00
Business Money Market Tier 1***
0.25% 0.25% $1000.00 $1000.00 $1000.00 $25.00
Business Money Market Tier 2*** 0.50% 0.50% $1000.00 $30,000.00 $1000.00 $25.00
Business Money Market Tier 3*** 0.90% 0.90% $1000.00 $50,000.00 $1000.00 $25.00
Business Money Market Tier 4*** 1.75% 1.76% $1000.00 $100,000.00 $1000.00 $25.00
Business Money Market Tier 5*** 2.00% 2.02% $1000.00 $200,000.00 $1000.00 $25.00
IOLTA Tier 1
0.25% 0.25% $100.00 $100.00 None None
IOLTA Tier 2
0.50% 0.50% $100.00 $30,000.00 None None
IOLTA Tier 3
0.90% 0.90% $100.00 $50,000.00 None None
IOLTA Tier 4
1.75% 1.76% $100.00 $100,000.00 None None
IOLTA Tier 5
2.00% 2.02% $100.00 $200,000.00 None None
Municipal 0.07% 0.07% $100.00 $100.00 None None

Savings Rates***

Product
Interest Rate**
APY*
Minimum To Open Account
Minimum Balance To Obtain APY*
Minimum Balance To Avoid Service Fee
Service Fee
Passbook Savings 0.15% 0.15% $100.00 $100.00 $100.00 $5.00
Statement Savings 0.15% 0.15% $100.00 $100.00 $100.00 $5.00
IRA Money Market Tier 1
0.25% 0.25% $1000.00 $1000.00 None None
IRA Money Market Tier 2 0.45% 0.45% $1000.00 $30,000.00 None None
Holiday Club+ 0.15% 0.15% $1.00 $1.00 None None
Kids Saver Account 0.20% 0.20% $25.00 $25.00 None None

Certificates of Deposit Rates****

Certificate Term
Interest Rate
APY*
Minimum To Open
91 Day 0.50% 0.50% $500.00
182 Day 0.70% 0.70% $500.00
1 Year 1.49% 1.50% $500.00
2 Year 1.49% 1.50% $500.00
3 Year 1.59% 1.60% $500.00
4 Year 1.78% 1.80% $500.00
5-10 Year 2.27% 2.30% $500.00
13 Month – Rate Special
1.98% 2.00% $500.00
18 Month – Rate Special
1.75% 1.77% $500.00

Rate Specials

* APY = Annual Percentage Yield
** Interest Rate and Annual Percentage Yield may vary after account is opened. Fees may reduce earnings.

Money Market & Savings Accounts

*** Pursuant to federal law, no more than six (6) withdrawals or transfers per monthly statement cycle to a third party or to your other accounts at William Penn Bank are permitted on these account types. This limit applies to check, draft, debit card, pre-authorized transfers, telephone transfers and William Penn Bank online banking transfers. However, this limit does not apply to withdrawals made in person or through ATMs or by mail. If you repeatedly exceed this limit, we may close your account or transfer your funds to an account that does not have these limits. Additional fees may be assessed. Refer to the Bank’s Fee Schedule.
**** 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.

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.