A better way to grow your money.

As an investment or just a safe place to keep your money, WesBanco Certificates of Deposit let you grow your money in a predictable way.

Rate Watcher CD

The Rate Watcher CD is a two, three, four or five year certificate of deposit that allows you to do two great things:

  • Change your interest rate one time during the term of your certificate to the current market rate.
  • Make additional deposits of $1,000 or more any time, up to an amount equal to your original investment, or the last renewal value.

With a Rate Watcher CD you have more control over your investment earnings. If interest rates rise you can switch to the higher rate one time during the term of your certificate. If interest rates fall, you can make additional deposits to your existing certificate that’s earning a higher rate.

Features:

  • Minimum deposit of $2,500 required.
  • Term can be 24 Month, 36 Month, 48 Month or 60 Month
  • Interest rate is fixed for the term of the deposit, except for one rate change that can be initiated by the customer at any time during the term of the certificate;
  • Interest rate may be changed by the customer once during the term of the CD to the interest rate in effect for a Rate Watcher CD of a like term
  • Interest is compounded and credited to the account quarterly, or can be paid by check or automatic deposit to an existing WesBanco Checking or Savings account
  • For deposits of $10,000 or more, interest may be paid monthly by check or automatic deposit to a WesBanco Checking or Savings account
  • Automatically renewable for the same term
  • Penalty for early withdrawal consists of the loss of nine month’s interest for a term of 24, 26, 48 or 60 months.
  • Penalty will be waived if the account owner dies or is declared incompetent.

[ Top of Page ]

Rate Shopper CD

WesBanco’s Rate Shopper CD is a wise investment choice. Available in 1, 2, 3, 4 and 5 year terms, the Rate Shopper offers the same great features available in our Rate Watcher CD, PLUS you’re permitted one partial, penalty-free withdrawal during the certificate term.

Features:

  • Minimum deposit of $10,000 required.
  • Term can be 1, 2, 3, 4 or 5 Years.
  • Interest rate may be changed by the customer once during the term of the CD to the interest rate in effect for a Rate Shopper CD of a like term
  • Interest is compounded and credited to the account quarterly, or can be paid by check or automatic deposit to an existing WesBanco Checking or Savings account
  • Additional deposits of $1,000 ore more can be made, not to exceed original deposit or last renewal value.
  • Additional deposits do not extend maturities
  • Automatically renewable for the same term
  • One penalty-free withdrawal permitted after account has been opened for 7 days, however balance cannot fall below $10,000.
  • Any other withdrawals made prior to maturity will be subject to a penalty in an amount equal to 9 months' interest. The same penalty will be imposed if any of the principle is withdrawn before the maturity date.

[ Top of Page ]

Health Fund CD

The Health Fund CD is a five year certificate of deposit that allows you to make partial or full withdrawals without penalty, if the funds are to be used for medical purposes. To make a penalty free withdrawal, simply provide us with:

  1. A letter from your physician indicating the nature of your medical condition, or
  2. A copy or copies of personal medical bills for expenses incurred.

Features:

  • Minimum deposit of $1,000 is required.
  • Term is five years and interest rate is fixed for five year period.
  • Certificate available to individuals only
  • Interest is compounded and credited to the account quarterly, or can be paid by check or automatic deposit to an existing WesBanco Checking or Savings account
  • For deposits of $10,000 or more, interest may be paid monthly by check or automatic deposit to a WesBanco Checking or Savings account
  • Automatically renewable for the same term
  • Withdrawals to cover medical expenses are permitted, without penalty, as long as required medical documentation is provided.
  • Withdrawals must be a minimum of $500 and can be made once every 30 days.
  • A minimum balance of $1,000 must be maintained in the account
  • Penalty for early withdrawal for non-medical purposes, or balances that fall below $1,000 is loss of nine months’ interest
  • Penalty will be waived if the account owner dies or is declared incompetent.

[ Top of Page ]

Term Certificates of Deposit

Certificates of Deposit are an ideal way to earn high interest on long-term savings. WesBanco offers a wide range of maturities to meet your individual needs, with compounding interest that is credited to your account quarterly or made payable by check or automatic deposit to your WesBanco Checking or Savings account. And most of our certificates can be opened as Individual Retirement Accounts, so your earnings can be tax-deferred.

Certificate Terms Minimum Balance for IRA Minimum Balance Regular CD
3 – 5 Month $1,000 $1,000
5 Month N/A $5,000
6 – 8 Month $1,000 $1,000
9 – 10 Month $1,000 $1,000
11 Month $1,000 $2,500
12 Month $1,000 $1,000
13 Month $1,000 $2,500
15 Month $1,000 $1,000
18 Month $1,000 $1,000
21 Month $1,000 $1,000
24 Month $1,000 $1,000
27 Month $1,000 $1,000
30 Month N/A $1,000
33 Month $1,000 $1,000
36 Month $1,000 $1,000
42 Month N/A $1,000
48 Month $1,000 $1,000
60 Month $1,000 $1,000
  • The interest rate is determined according to the amount of the deposit
  • Higher rates are available on larger deposits
  • Interest rate is fixed for the term of the certificate and is calculated using the daily balance method
  • Interest is compounded quarterly; OR is payable quarterly by check or automatic deposit to a WesBanco Checking or Savings account
  • For deposits of $10,000 or more, interest may be paid monthly by check or automatic deposit to a WesBanco Checking or Savings account
  • Automatically renewable for the same term
  • Additional deposits are not permitted
  • Substantial penalty for early withdrawal:
    Term Penalty
    6 Months or less Loss of all interest equal to the term of the deposit
    7 to 11 Months Loss of 6 months’ interest
    12 Months & longer Loss of 9 months’ interest
  • Penalty will be waived if the account owner dies or is declared incompetent;

[ Top of Page ]

Special Contract CD/IRA

  • Consideration will be given to issuing CDs that do not meet the normal term or interest rate criteria
  • These CDs will be negotiated on an individual basis

[ Top of Page ]

IRA Money Index Account

Features:

  • Minimum deposit of $10
  • The interest rate is variable. Interest rate is subject to change monthly when the new index value becomes available. Interest will equal the monthly auction average for 3-month U.S. Treasury Bills (the index), less 75 basis points
  • Interest payments compound quarterly and are tax-deferred until withdrawals begin by the customer
  • There is no term associated with this account
  • This account is strictly for the investment of IRA funds
  • Additional deposits are permitted, based upon the customer’s total maximum contributions made to this account and any other IRA account
  • A record of transactions will be maintained in the form of a passbook
  • Withdrawals must begin by age 70½.

[ Top of Page ]

Financial Calculator

Explore your own financial information in greater detail by using these powerful tools for forecasting and assessing your financial choices.

New Service Quick Find