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CW Funds & High Rate Accounts

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Saving for a big expense such as a down payment on a house or car? You will find that our Monthly and Quarterly Funds accounts pay a higher interest rate than our Regular Savings, enabling you to maximize your earning potential over time. If you do not need immediate access to your savings and prefer to earn higher rates, we recommend the monthly or quarterly funds account options.

How Does It Work?

Funds accounts allow you to save your money and earn a higher dividend than Regular Savings accounts. The money you deposit to a Funds account can only be withdrawn at certain times of the month/quarter without incurring a dividend penalty. In a Funds Account withdraws are penalty free on the 1st to 5th of each month. In a High Rate Account withdraws are penalty free on the 1st to 5th of each new calendar quarter. Not sure which account is the best fit? Check out some of the benefits of these accounts below or contact us for assistance.

Featured Benefits of Funds Accounts:

Funds - Monthly
Average
Daily
Balance
Daily
Savings
Minimum
balance
to open
Min. Balance
to Earn
Dividends
Dividends
earned
each
Dividends
paid at end
of each
No penalty
withdrawal
period
Withdrawal
penalty
on amount
$500 to 999 0.40% APY $500.00 $500.00 Day Month 1st 5 days of month 7 days dividends
$1,000 to 1,999 0.40% APY $500.00 $500.00 Day Month 5 days of month 7 days dividends
$2,000 to 9,999 0.40% APY $500.00 $500.00 Day Month 5 days of month 7 days dividends
$10,000 & more 0.40% APY $500.00 $500.00 Day Month 5 days of month 7 days dividends

Featured Benefits of High Rate Accounts:

High Rate - Quarterly
Average
Daily
Balance
Daily
Savings
Minimum
balance
to open
Min. Balance
to Earn
Dividends
Dividends
earned
each
Dividends
paid at end
of each
No penalty
withdrawal
period
Withdrawal
penalty
on amount
$500 to 999 1.50% APY $500.00 $500.00 Day Month 1st 5 days of each qtr. 30 days dividends
$1,000 to 1,999 1.50% APY $500.00 $500.00 Day Month 1st 5 days of each qtr.1st 5 days of each qtr. 30 days dividends
$2,000 to 9,999 1.50% APY $500.00 $500.00 Day Month 1st 5 days of each qtr. 30 days dividends
$10,000 & more 1.50% APY $500.00 $500.00 Day Month 1st 5 days of each qtr. 30 days dividends

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