Whether you have grand plans, or you’re just trying to make it through the month,
we have savings accounts to help you reach your goals.
Statement Savings Accounts
Statement Savings Accounts permit the customer to record his/her own transactions
in a savings register, which is provided by the bank.
Features:
- Maintain Daily Minimum:
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Account Balance of:
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Maintenance Fee:
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$300.00 or more
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no fee
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$0 - $299.99
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$9.00 per quarter
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$0 - $299.99
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$3.00 per month for portfolio accounts
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- An initial deposit of $50 is required to open the account
(A $10 deposit is required for minor’s accounts)
- The maintenance fee will be waived for accounts using a minor’s social security
number
- Statements are mailed quarterly; however, if an account has had an electronic debit
posted, the customer will receive a statement for the month the electronic debit
posted. If the Statement Savings Account is set up as a combined statement (Portfolio),
the customer will receive a statement monthly– Fixed
- Interest is accrued daily on the collected balance and is compounded and credited
to the account quarterly on the statement date. If the customer’s account is set
up as a combined statement (Portfolio), the interest is compounded and credited
to the account monthly on the statement date
- A statement savings account can be linked to an existing WesBanco MoneyCard® to
allow the customer access to their funds through the ATM. POS (Point of sale) transactions
are not permitted
- The account is limited to 6 pre-authorized transactions per month, all of
which may be made to third parties (E.g.: ACH insurance draft)
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WesBanco Premium Savings Account
The WesBanco Premium Savings Account features tiered interest rates.
- An initial deposit of $2,500 is required to open this account
- The interest rate paid is variable and based on balance:
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Rate Tiers:
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$100,000.00 or more
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$50,000.00 - $99,999.99
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$25,000.00 - $49,999.99
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$10,000.00 - $24,999.99
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$2,500 -$9,999.99
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$0 - $2,499.99
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- The account is limited to 6 pre-authorized transactions per month, all of
which may be made to third parties (E.g.: ACH insurance draft)
- An excessive activity fee of $15 will be imposed for each transaction above these limits.
- Statements are mailed on a monthly basis
- Interest is compounded and credited to the account monthly and will appear on the monthly statement.
- If the daily balance falls below $10,000 at any time during the month a $10 maintenance fee
will be assessed
- No interest will be paid on balances below $2500.
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WesBanco Personal Money Market Account
The WesBanco Basic Money Market Account permits limited check writing and has a
competitive interest rate.
- An initial deposit of $1,000 is required to open an account
- Interest paid on collected balances of $1000 and more
- Six pre-authorized transfers or withdrawals per month are permitted, all of which
may be checks payable to third parties. If the transaction limit is exceeded, there
is a $15 per excess item fee assessed to the account. Subsequent violations may
result in changing the account to a non-interest bearing checking account or an
interest bearing checking account, if account holder is eligible to hold an interest
bearing checking account
- Monthly imaged statements
- Interest is compounded and credited to the account monthly and will appear on a monthly statement
- Personalized checks are provided at no cost
- If the balance falls below $1,000 at any time during the month a $10 maintenance fee will be assessed
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WesBanco Premium Money Market Account
The WesBanco Premium Money Market Account permits limited check writing and is interest
bearing at a market index.
- An initial deposit of $10,000 is required to open an account
- The interest rate paid is variable and based on balance:
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Rate Tiers:
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$0 - $9,999.99
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$10,000 -$24,999.99
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$25,000.00 - $49,999.99
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$50,000.00 - $99,999.99
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$100,000.00 or more
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- Six pre-authorized transfers or withdrawals per month are permitted, all of which
may be checks payable to third parties. If the transaction limit is exceeded, there
is a $15 per excess item fee assessed to the account. Subsequent violations may
result in changing the account to a non-interest bearing checking account or an
interest bearing checking account, if account holder is eligible to hold an interest
bearing checking account
- Statements are mailed on a monthly basis
- Interest is paid on collected balances, is compounded and credited to the account monthly, and will appear on monthly statement
- Personalized Checks are provided at no cost
- If the daily balance falls below $10,000 at any time during the month a $10 maintenance fee
will be assessed
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Automatic Deduction Christmas Club Accounts
Our Automatic-Deduction Christmas Club makes it easy for you to save. Just choose
the amount of money you want deducted each month from your WesBanco checking or
savings account and we'll automatically deposit it in your Christmas Club account.
These deductions can be made once a month or twice a month, beginning the day after
the third Monday in October. Come October of each year, you'll receive your check
for the amount you saved, plus interest.
There's also automatic payroll deduction for your convenience. You choose the amount
and the time period, and your employer can deduct the amount from your pay and arrange
for the transfer to your Christmas Club Account. You can transfer any amount over
$10.
Features:
- A minimum deposit of $10 is required to open a new club. Existing clubs automatically
reopen with the first deposit of the new club year
- Payments may be made in any denomination of $10 or more, and may be made once a
month or twice a month
- Interest is accrued daily on the collected balance and is paid on an annual basis,
at the time the Christmas Club check is produced in October
- If any or all of the funds in the account are withdrawn prior to the issuance of
the annual check, a $10 penalty will be assessed
- If the account is closed prior to issuance of the annual check no accrued interest
will be paid and a $10 penalty will be assessed
- A Christmas Club must be open for a period of 90 days before it may be closed
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Financial Calculator
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