Savings Accounts, CDs & IRAs

Personal savings and investment accounts can be critical to your long-term financial success and security. That’s why The Waterford Commercial & Savings Bank offers a number of options to help you set aside money for unexpected expenses and emergencies or simply to build a nest egg.


Passbook Savings

Whatever you're saving for, we can help with our traditional passbook savings account.   Earn interest on the entire balance in your account.  Earnings are accrued daily and paid quarterly.  The minimum deposit amount to open this account is $50.00.

Statement Savings

The statement savings account has all of the benefits of a traditional passbook savings account, plus extra benefits added for your convenience.  Link your statement savings account to a Visa debit card or ATM card to access your funds anytime from an ATM.  Enable internet or mobile banking so you can transfer funds to and from your statement savings accounts, and view your account balance and activity.

Certificates of Deposit (CDs) & Individual Retirement Accounts (IRAs)

The best time to start saving for retirement is now!  IRA's are a great way to save for retirement.  Some IRA's offer tax-deferred earnings that grow at a faster pace than taxable investments.  The Waterford Commercial & Savings Bank uses an 18, 36, 48 or 60 month certificate of deposit to fund the IRA accounts.  The interest is accrued daily and compounded semiannually.

We also offer numerous flexible Certificates of Deposits.