Wainwright Bank & Trust Company provides a variety of financial services. The bank was founded in 1987. Wainwright Bank & Trust Company is a $1 billion publicly traded commercial bank. The bank is headquartered in Boston with over a dozen bank branches throughout the Greater Boston area.
The bank provides deposit and savings accounts that range from checking accounts to CDs. The services of the bank also include originating residential and commercial real estate mortgages, commercial and consumer loans, investing in securities and providing investment management services.
Bank customers are offered accounts such as negotiable order of withdrawal (NOW) and demand deposit accounts with check-writing privileges. Some of these bank accounts have associated overdraft features. The NOW accounts pay interest on available balances. Customers may access their accounts through most major automated teller machine networks in the United States.
The Bank offers money market and statement savings accounts that pay a higher rate of interest than its transaction-oriented NOW accounts, and which have limited or no check-writing privileges. The Bank offers certificate of deposits to depositors who want to invest for a period of 30 days or more.
Wainwright Bank & Trust Company CD rates.
Special CD rates offers:
5 month CD with an interest rate of 1.50% APY. There is no penalty for early withdrawal after 7 days from opening this bank CD account; a Wainwright Bank checking account is required. The CD rate without a Wainwright Bank checking account will be .50% less than the stated rate at the time of account opening.
7 or 11 month your choice CD that has an interest rate of 2.25% APY. Customers must have a new or existing Wainwright Bank checking account to obtain the stated CD rate. The bank CD rate without a Wainwright Bank checking account will be .50% less than the stated CD rate at the time of account opening.
2 year Only-Up CD that earns a rate of 2.75% APY. One rate increase allowed, upon request, to match the standard 2-year CD interest rate then published by Wainwright Bank; the new CD rate will carry forward from the date of increase and will not be retroactive; available only for funds not currently on deposit at Wainwright Bank.
3 year Equal Exchange CD has a rate of 3.00% APY. This bank CD Secures a line of credit for Equal Exchange to provide Fair Trade pricing for farmers’ crops in emerging countries. Each CD opened increases the available funds in a line of credit to Equal Exchange, a Fair Trade coffee, tea and chocolate merchant who provides over 30 farmer cooperatives in 16 countries with a fair price for their crops. Call the bank for more information regarding this CD product.
Standard bank CD rates:
30 day CD rate is 1.60% APY
90 day has an interest rate of 1.80% APY
180 day CD earns a rate of 1.75% APY
1 year CD interest rate if 2.00% APY
11/2 year CD has an interest rate of 2.25% APY
2 year CD yields a rate of 2.50% APY
3 year CD earns an interest rate of 2.75% APY
5 year CD rate is 3.00% APY
Minimum opening deposit for the bank CDs is $1,000. Interest is compounded monthly and available for automatic transfer to checking or money market account. Bank CD rates subject to change without notice. For current CD rates and account information contact a Wainwright Bank & Trust Company representative at 888-428-2265. Wainwright Bank & Trust Company maintains a website located at www.wainwrightbank.com that posts current bank rates including CD rates as well as detailed account information.
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