Oakwood Bank Personal Banking Services

Personal
Checking

A straightforward, no-frills account
designed for everyday transactions.

Personal
Freedom Club

Enjoy an interest-bearing account with
no minimum balance requirement.

Personal
Freedom Club

$200 minimum deposit to open

No minimum balance

No monthly service or check fees

Overdraft protection available for qualified applicants

Up to five cashier's checks per month

Requirements

On the last day of each statement cycle, you must have a direct deposit that cycle, maintain a balance of $5,000 or more, or have a combined loan balance of $25,000 or more (consumer purpose loans secured by a dwelling, including secondary market).

Average Balance	Interest Rate	Annual % Yield
$2,500 or more	0.10%	0.10%
$500 to $2,499.99	0.10%	0.10%
$0.01 to $499.99	0.05%	0.05%

If the daily balance is less than $500.00, the minimum balance to obtain the APY is $0.01. If the daily balance is more than $499.99, but less than $2,500.00 the minimum balance to obtain the APY is $500.00. If the daily balance is more than $2,499.99, the minimum balance to obtain the APY is $500.00.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Rewards
Checking

The highest interest-bearing checking
account on the market for balances up to $30,000.

Rewards
Checking

$200 minimum deposit to open

No minimum balance service charge

Up to three cashier's checks per month

Overdraft protection available for qualified applicants

Requirements

At least 12 posted and settled debit card transactions per statement cycle*

At least one direct deposit or ACH withdrawal per statement cycle*

Enrollment in e-statements within 30 days of opening the account

Fees

Failure to meet the above requirements will result in interest paid on the entire balance of .10% with an APY of .10%.

$5 fee assessed per statement cycle until e-statements enrollment is complete

Average Balance	Interest Rate	Annual % Yield
$0.01 to $29,999.99	3.05%	3.09%
$30,000 or more	0.20%	.21% to 3.09%

If the daily balance is less than $30,000.00, the minimum balance to obtain the APY is $0.01. If the daily balance is $30,000.00 or more, the minimum balance to obtain the APY is $30,000.

* Statement cycle is from the 25th day of the month to the 24th days of the following month.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Interest
Checking

A standard checking account that
earns interest based on your balance.

Interest
Checking

$200 minimum deposit to open

No per check charge

Overdraft protection available for qualified applicants

Fees

$7 monthly fee if average balance falls below $500

Average Balance	Interest Rate	Annual % Yield
$2,500 or more	0.10%	0.10%
$500 to $2,499.99	0.10%	0.10%
$0.01 to $499.99	0.05%	0.05%

If the daily balance is less than $500.00, the minimum balance to obtain the APY is $0.01. If the daily balance is more than $499.99, but less than $2,500.00 the minimum balance to obtain the APY is $500.00. If the daily balance is more than $2,499.99, the minimum balance to obtain the APY is $500.00.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Money
Market

The best option for earning strong
interest on larger balances while
keeping access to your funds.

Money
Market

$200 minimum deposit to open

Remote deposit available

Overdraft protection available for qualified applicants

Fees

$10 monthly fee if average balance falls below $2,500

Average Balance	Interest Rate	Annual % Yield
$25,000 or more	1.5%	1.51%
$10,000 to $24,999.99	0.75%	0.75%
$0.01 to $9,999.99	0.50%	0.50%

If the daily balance is less than $10,000.00, the minimum balance to obtain the APY is $0.01. If the daily balance is more than $9,999.99, but less than $25,000.00 the minimum balance to obtain the APY is $10,000.00. If the daily balance is more than $24,999.99, the minimum balance to obtain the APY is $25,000.00.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Passbook
Savings
Account

Keep your money secure
while earning steady interest.

Passbook
Savings
Account

$50 minimum deposit to open

Fees

$5 monthly fee if average balance falls below $50

Standard NSF and overdraft fees apply

Interest Rate	Annual % Yield	Min Deposit
0.20%	0.20%	$50

Minimum balance to obtain APY is $0.01.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Individual
Retirement
Account

Start saving for retirement or roll over
an existing IRA, with interest earnings
and potential tax advantages.

Individual
Retirement
Account

$50 required to open

No minimum balance

Flex or Roth IRA

Contributions are limited to $7,000
per year if you are under the age of 49
or $8,000 if you 50 or older

Interest Rate	Annual % Yield	Min Deposit
0.60%	0.60%	$50

Minimum balance to obtain APY is $0.01.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Health
Savings
Account

Ideal for a high deductible health
plans, as an HSA offers tax advantages
and retirement planning benefits.

Health
Savings
Account

$50 required to open

You must be enrolled in a high deductible insurance plan, have no other health coverage (including Medicare), and cannot be claimed as a dependent on someone else's tax return

Can be funded by you and/or your employer

Funds roll over from year to year

Can be transferred into an IRA

Interest Rate	Annual % Yield	Min Deposit
0.60%	0.60%	$50

Minimum balance to obtain APY is $0.01.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.

Certificates
of Deposit

Lock in guaranteed returns
at competitive rates.
Only $100 required to open!

Certificates
of Deposit

Minimum deposit as low as $100

6 months to 5 years maturities

Competitive interest rates

Length of Term	Interest Rate	Annual % Yield	Min Deposit
6 Months	1%	1%	$100
11 Months	4.25%	4.32%	$5,000
1 Year	1.75%	1.76%	$100
18 Months	1.85%	1.86%	$100
2 Years	2%	2.02%	$100
3 Years	2.25%	2.27%	$100
4 Years	2.75%	2.78%	$100
5 Years	3%	3.03%	$1,000

The minimum deposit for each CD is also the minimum balance to obtain the APY.

APY=Annual Percentage Yield. APY is effective as of 01/03/2025. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Other conditions or restrictions may apply. Refer to our disclosures for more information.