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The Basics

Saver is savings simplified. It earns high interest and helps you save effortlessly. This account connects to free High Interest & Cash Rewards checking accounts. When you earn rewards in either checking account, you earn the full rewards in your Saver account. Plus, when Qualifications are met cash rewards earnings & ATM fee refunds transfer automatically.
 

The Perks

0.75% APY* on Balances up to $50,000*
No Monthly Fees, No Minimum Balance
Automatic Transfers of Cash Rewards Earnings & ATM Fee Refunds

The Details

Qualification Requirements

Qualifying for your rewards in either a High Interest or Cash Rewards checking account automatically qualifies you for the highest Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your High Interest or Cash Rewards account during each Monthly Qualification Cycle

At least 1 bill pay or ACH payment transaction
At least 12 debit card purchases

Account Opening Requirements

Must have a High Interest or Cash Rewards checking account and be enrolled in e-Statements in order to open a Saver account

Didn't Qualify this cycle? No Problem.

Even if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify. Base rates are as follows

Base Interest Rate

0.00%

ANNUAL PERCENTAGE YIELD (APY)

0.00%

The Rewards

When your High Interest or Cash Rewards account qualifications are met during a Monthly Qualification Cycle, you also get the full rewards of your Saver account. The following rewards will be distributed to your account on the last day of the current statement cycle:

0.75% APY* on balances up to $50,000
0.75% - 0.25% APY* on balances over $50,000
0.05% APY* when qualifications aren’t met
No minimum balance to earn rewards
No minimum deposit to open
No monthly service fee
Free online banking with bill pay
Automatic Transfers of Cash Rewards Earnings & ATM Fee Refunds

Ready to Open Your Account?

Open Your Saver account Online, Quickly and Securely
Note: Saver accounts cannot be opened as a standalone account. It must be opened in conjunction with a High Interest or Cash Rewards checking account.

Related Links

Monthly Qualification Cycles
View the Start & End Dates of Cycles
High Interest Checking Account
the perfect compliment to Saver savings
Cash Rewards Checking Account
the perfect compliment to Saver savings

*ADDITIONAL TERMS

When High Interest or Cash Rewards checking qualifications are met during a Monthly Qualification Cycle an interest rate of 0.747% will be paid on the portion of your daily balance that is less than or equal to $50,000 and the APY for this tier is 0.75%. An interest rate of 0.250% will be paid on the portion of your daily balance that is greater than $50,000. This will result in an APY for this tier ranging from 0.75% to 0.25%, depending on the account’s entire balance. When High Interest or Cash Rewards checking qualifications are not met, the interest rate paid on the High Interest checking and Saver savings will reflect 0.0499% on the entire balance, with an APY of 0.05% and ATM fees are not refunded. APY= Annual Percentage Yield. APYs accurate as of 1/11/2022. Rates and rewards are variable and may change at any time after account is opened. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking and electronic statements) is required for High Interest checking, Cash Rewards checking and Saver savings accounts. Limit one (1) account per social security number. A High Interest or Cash Rewards checking account is required to have a Saver savings account. A linked Saver savings account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of Woodlands Bank’s Customer Service Representatives for additional information, details, restrictions, processing limitations and enrollment instructions.

Important Notice

Change in Branch Hours

We want to inform you that we are making some changes to our branch office hours. These changes will go into effect on January 1, 2024. Our primary reason for changing our hours is to allow our employees to have a better work-life balance. In-turn, this allows us to better retain our excellent employees which results in even higher standards of customer service that our customers know and love.

View New Hours

We understand that our new hours may affect some of our customers’ normal routines and for that we truly apologize. We recognize change like this can be hard.

  • $1000.00 daily minimum balance to earn interest & avoid a $5.00 monthly service charge.

Qualifying Requirements include:

  • At least 1 bill pay or ACH payment transaction
  • At least 12 debit card purchases

Note: Enrollment in e-Statements is required in order to open a High Interest or Cash Rewards checking account.

IRA Management

Changing jobs or retiring can be an exciting step in your life, but figuring out what to do with your retirement plan and other retirement assets can be confusing. Woodlands Bank Trust & Asset Management Services is here to assist you in making the right choice and will help you to achieve your long-term retirement goals.

Institutional Investment Management

Companies or organizations that hold funds or other assets can rely on Woodlands Bank Trust & Asset Management Services to assist them in managing their resources for long-term benefits. We will provide investment management during a period of time or into perpetuity.

Charitable Investment Management

Non-profit organizations that hold funds or other assets from charitable donations can utilize Woodlands Bank Trust & Asset Management Services to invest those funds for long-term benefits. We will provide investment management during a period of time or into perpetuity.

Executor & Estate Settlement Services

Choosing a qualified executor is essential to the timely and efficient administration of an estate. Our estate settlement services include acting as:

  • Executor
  • Agent for Executor

Estate & Financial Planning Services

The most common mistake in financial planning is not having a plan—having a strong financial and estate plan is vital to your financial health. We will work with you and your estate attorney to craft a plan for your unique needs.

Asset Management & Custodial Services

We will work with an individual to design a portfolio to fit their specific needs and objectives. Our duties will be determined by the type of account chosen.

  • Investment Management Accounts
  • Institutional Investment Accounts
  • Custody Account

Personal Trust Services

A trust permits an individual to carry out personal and financial objectives while providing protection for themselves and their family. The trust agreement sets forth the wishes of the individual, and it is the trustee’s responsibility to carry out those wishes. As a trustee, we will provide impartial advice and counseling for beneficiaries, investment management of the trust assets, continuity of management and a full accounting of all transactions. We offer:

  • Living Trusts
  • Testamentary Trusts (Trusts Under Will)
  • Life Insurance Trusts
  • Special Needs/Situations (Guardianships, Charitable)
  • Agent for Trustee

 

Treasurer's Checks

A Treasurer’s check is drawn on the bank’s own funds and signed by a bank employee. These checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions. There is a small fee for these checks and they are only issued to bank customers.

Wire Transfers

Wire transfers help move money electronically from one person to another, domestically and internationally. This is an effective, safe way to transfer funds between banks. For a small fee, our customers can quickly send payments to others. The cutoff time is 1PM for International wires and 2PM for Domestic wires each business day.

Safe Deposit Box

A safe deposit box is located inside a bank vault and is used to store valuables. A financial institution rents out safe deposit boxes, and they can be accessed with keys. For a small annual fee you can safely store your important papers, etc. You can access your box during the bank’s normal operating hours.

Notary Services

In the United States, a Notary Public is a person appointed by a state government and whose primary role is to serve the public as an impartial witness when important documents are signed. This service is available at each office of Woodlands Bank and is only available to bank customers.