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Waterman Bank Rates & Review March 2026

Waterman Bank's 6-Month Certificates of Deposit rates are at 3.82%, 12-Month Certificates of Deposit rates are at 3.25%, 18-Month Certificates of Deposit rates are at 2.25%, 24-Month Certificates of Deposit rates are at 1.25%, 30-Month Certificates of Deposit rates are at 1.11%. Waterman Bank's savings rates are at 3.82%. Waterman Bank's money market rates are at 3.82%. MonitorBankRates evaluates the financial stability of Waterman Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.95%. Rates were last updated on 03/24/2026.

Waterman Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Waterman Bank? Share your experience about Waterman Bank by leaving a review below, or read customer reviews before you decide to use Waterman Bank.

Overall Health & Safety Grade ?
A+
Exceptional Health Score: 98/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
3.95%
Excellent Lower than avg
Waterman Bank
248 W Lincoln Hwy
Waterman, IL 60556
https://www.watermanbank.com
Member FDIC

Waterman Bank CD Rates

Product Rate APY Term View More
6 Month Certificates of Deposit 3.75% 3.82% 6
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
12 Month Certificates of Deposit 3.20% 3.25% 12
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
18 Month Certificates of Deposit 2.23% 2.25% 18
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
24 Month Certificates of Deposit 1.24% 1.25% 24
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
30 Month Certificates of Deposit 1.10% 1.11% 30
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
36 Month Certificates of Deposit 1.00% 1.01% 36
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
48 Month Certificates of Deposit 0.95% 0.95% 48
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%

Waterman Bank Savings Rates

Product Rate APY View More
Business Savings 3.75% 3.82%
Min Deposit $50
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
High-Yield Savings 3.75% 3.82%
Min Deposit $50
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
Kids Savings 3.75% 3.82%
Min Deposit $50
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
Christmas Club 0.25% 0.25%
Min Deposit $0
Min Balance $0
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%

Waterman Bank Money Market Rates

Product Rate APY View More
Business Money Market 3.75% 3.82%
Min Deposit $2,500
Min Balance $0
Details Qualifying balance up to $2,499.99
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
Money Market 3.75% 3.82%
Min Deposit $2,500
Min Balance $0
Details Qualifying balance up to $2,499.99
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%

Waterman Bank Checking Rates

Product Rate APY View More
Checking 0.75% 0.75%
Min Deposit $50
Details Qualifications Required
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
Business Checking 0.50% 0.50%
Min Deposit $50
Min Balance $50
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%
Checking Account - 0.50%
Min Deposit $50
Details No minimums or additional requirements
Last Updated 03/24/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 3.95%

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Waterman Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Waterman Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Waterman Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Waterman Bank
Bank Holding Company WATERMAN ACQUISITION GROUP LLC
Address 248 W Lincoln Hwy, Waterman, IL 60556  ·  Dekalb
FDIC Certificate # 10878
Established 08/25/1908
FDIC Insurance Date 01/01/1934
Domestic Offices 3
Total Branches 3
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+
Overall Health Grade Score: 98/100
5.0
Exceptional Out of 5.0 Stars
3.95%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 1.0505%
Return on Equity (ROE) 7.2400%
Non-Performing Loans (NPL) 0.53%
Total Assets $166,871,000
Total Deposits $138,121,000
Equity Capital $25,393,000
Net Income $811,000
Headquarters Waterman
Total Offices 3
Source: FDIC  |  Last Updated 12/31/2025

Customer Reviews

mQuV
★★★★★
December 17, 2025
ozOH
Average Rating
★★★★★
Total Reviews
1
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Frequently Asked Questions About Waterman Bank

Is Waterman Bank a safe place to deposit money?

Yes, Waterman Bank is considered a safe financial institution. With a Texas Ratio of 3.9486541707382%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Waterman Bank operate?

Waterman Bank currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Waterman Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Waterman Bank provides members with tools to manage their accounts and build a solid financial history.

Does Waterman Bank offer online and mobile banking?

Most modern institutions like Waterman Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.watermanbank.com.

Current Waterman Bank Rates

  • 12-Month CD3.25%
  • 18-Month CD2.25%
  • 24-Month CD1.25%
  • 36-Month CD1.01%
  • 48-Month CD0.95%
  • Savings3.82%
  • MMA3.82%
Retrieved from our database of financial products. Rates subject to change.