91 DAY CERTIFICATE
Minimum Balance Required: $500
Current Interest Rate: .75%; APY: .75%
Early Withdrawal Penalty: 90 Days Interest
Interest paid at maturity
18 MONTH CERTIFICATE
Minimum Balance Required: $1,000
Current Interest Rate: 1.50%; APY: 1.51%
Early Withdrawal Penalty: 182 Days Interest
Interest paid on calendar quarter and at maturity
36 MONTH OPTION RATE CD
Minimum Balance Required: $1,000
Current Interest Rate: 2.00%; APY: 2.02%
Early Withdrawal Penalty: 182 Days Interest
Interest paid on calendar quarter and at maturity
182 DAY CERTIFICATE – TIERED INTEREST
Minimum Balance Required: $1,000
1,000- 5,000 1.00% APY: 1.00%
5,001-25,000 1.10 APY: 1.11
25,001-100,000 1.20 APY: 1.21
over 100,000 1.25 APY: 1.26
Early Withdrawal Penalty: 90 Days Interest
Interest paid on calendar quarter and at maturity
12 MONTH CERTIFICATE – TIERED INTEREST
Minimum Balance Required: $1,000
1,000- 5,000 1.20% APY: 1.21%
5,001-25,000 1.30 APY: 1.31
25,001-100,000 1.40 APY: 1.41
over 100,000 1.45 APY: 1.46
Early Withdrawal Penalty: 90 Days Interest
Interest paid on calendar quarter and at maturity
24 MONTH CERTIFICATE – TIERED INTEREST
Minimum Balance Required: $1,000
1,000- 5,000 1.60% APY: 1.61%
5,001-25,000 1.70 APY: 1.71
25,001-100,000 1.80 APY: 1.81
over 100,000 1.90 APY: 1.91
Early Withdrawal Penalty: 182 Days Interest
Interest paid on calendar quarter and at maturity
48 MONTH CERTIFICATE – TIERED INTEREST
Minimum Balance Required: $1,000
1,000- 5,000 2.25% APY: 2.25%
5,001-25,000 2.35 APY: 2.35
25,001-100,000 2.45 APY: 2.45
over 100,000 2.55 APY: 2.55
Early Withdrawal Penalty: 182 Days Interest
Interest paid each December 31 and at maturity
IRA ACCOUNT
Any Wells Federal Certificate (except the 91 day) can be used for IRA Accounts. Also available is the account below:
Minimum Balance Required: $25
Additions Allowed: At Anytime
Current Interest Rate: 1.80%; APY: 1.81%
Interest Paid every 31 days by compounding
CERTIFICATE FEATURES & OPTIONS
1. All Certificates are automatically renewed;
2. Maturity and renewal interest rate notices are sent on all except the 91 day term
3. Interest can be paid by check if the account balance is $10,000 or more
4. Interest can be paid by compounding to the certificate for a higher effective yield
5. Compounded interest can be withdrawn at anytime
6. Monthly interest checks are available to Senior Citizens and retired persons provided account balance is $10,000 or more
7. Customers with balances of $1,000 or more can transfer interest monthly to a Wells Federal Checking or Savings account
8. All accounts are insured to $250,000 by the FDIC. For information on higher insurance coverage, contact any Wells Federal Bank staff member
9. Rates are subject to change. Rates are established on the date of issuance or renewal of the certificate.
ANNUAL PERCENTAGE YIELD (APY) ASSUMES THAT THE FUNDS REMAIN ON DEPOSIT FOR ONE YEAR AT THE CURRENT INTEREST RATE.
