Woodlands Bank offers savings accounts to meet your needs. Our accounts carry low minimum balances and equitable monthly maintenance fees. We offer very competetive rates on all of our savings products. Statement Savings Account - This product requires a minimum balance to avoid a monthly maintenance fee.
Interest is accrued daily and paid quarterly on daily balances above the minimum balance.
This account may be connected to your primary checking account to offset the monthly maintenance fee, or to automatically transfer funds to cover an overdraft to your checking account. This product requires a lower minimum balance for accruing interest and waives the monthly service fee. Other features follow Statement Savings Account. This product requires a higher minimum balance for accruing interest and avoiding a monthly maintenance fee, but has a higher annual percentage yield than most savings products. It has the features of a Certificate of Deposit, but without the early withdrawal penalty.