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Savings & Investments

Savings & Investments

All Bank of Washington savings accounts include these FREE benefits:

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Interest
Monthly Service Charge
Minimum to Open
Additional Points

Personal Money Market

Deposit Account - MMDA
  • Free if $1,000 daily balance requirement is met
  • $10 fee will apply if balance requirement not met
  • $1,000 to open
  • Higher interest rate than a traditional savings account.

Personal Savings
  • Free
  • $100 age 18 and older
  • $25 under age 18
  • No daily balance requirement

Certificate of Deposit - CD


 Visit our Rates Page
  • Does not apply
  • $500
  • Low-risk investment with several terms and options to meet your needs

Individual Retirement Account - IRA

 Visit our Rates Page
  • Free
  • $500
  • May receive tax deduction

Health Savings Account - HSA
  • Free
  • Does not apply
  • Typically offered through employers as a health benefit, or can also provide a tax benefit to the self-employed

Christmas Club Account
  • Free
  • $5
  • Direct deposit or coupon books available
  • Deposits required to be made in $5 increments
  • Interest is paid annually with a check mailed in mid-October for your Christmas shopping





Important information about procedures for opening a new account:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. 
What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your drivers license or other identifying documents.


 APY = Annual Percentage Yield