What are the current interest rates at Waterman Bank?

Current rates for Waterman Bank include: 12-Month CD: 3.25%, 18-Month CD: 2.25%, 24-Month CD: 1.25%, 36-Month CD: 1.01%, 48-Month CD: 0.95%, Savings: 3.82%, MMA: 3.82%

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Waterman Bank

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Waterman Bank Rates & Review September 2026

Q: 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.

Q: 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.

Q: 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.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 19, 2026

Waterman Bank's 6-Month Certificate rates are at 3.82%, 12-Month Certificate rates are at 3.25%, 18-Month Certificate rates are at 2.25%, 24-Month Certificate rates are at 1.25%, 30-Month Certificate 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 8.69%. Rates last updated and verified on 09/19/2026.

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.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

8.69%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Waterman Bank

248 W Lincoln Hwy
Waterman, IL 60556

https://www.watermanbank.com

Waterman Bank CD Rates

Product	Rate	APY	Term
6 Month Certificate	3.75%	3.82%	6 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
12 Month Certificate	3.20%	3.25%	12 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
18 Month Certificate	2.23%	2.25%	18 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
24 Month Certificate	1.24%	1.25%	24 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
30 Month Certificate	1.10%	1.11%	30 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
36 Month Certificate	1.00%	1.01%	36 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
48 Month Certificate	0.95%	0.95%	48 Month
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%

Waterman Bank Savings Rates

Product	Rate	APY
Business Savings	3.75%	3.82%
Min Deposit $50 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
High-Yield Savings	3.75%	3.82%
Min Deposit $50 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Kids Savings	3.75%	3.82%
Min Deposit $50 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Christmas Club	0.25%	0.25%
Min Deposit $0 Min Balance $0 Details Balance: $0.01 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%

Waterman Bank Money Market Rates

Product	Rate	APY
Business Money Market	3.75%	3.82%
Min Deposit $2,500 Min Balance $0 Details Balance: $0.01-$2,499.99 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Business Money Market	3.75%	3.82%
Min Deposit $2,500 Min Balance $2,500 Details Balance: $2,500.00+ Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Money Market	3.75%	3.82%
Min Deposit $2,500 Min Balance $0 Details Balance: $0.01-$2,499.99 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Money Market	3.75%	3.82%
Min Deposit $2,500 Min Balance $2,500 Details Balance: $2,500.00+ Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%

Waterman Bank Checking Rates

Product	Rate	APY
Checking	0.75%	0.75%
Min Deposit $50 Details All balances earn the lower rate. Direct deposit or 8 debit card transactions per month required to earn the higher rate. Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%
Business Checking	0.50%	0.50%
Min Deposit $50 Min Balance $50 Details Balance: $50.00 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.69%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Waterman Bank’s Texas Ratio rose from 3.95% in Q3 2023 to 8.69% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$174M	8.69%	5.0	A
March 31, 2026	$172M	9.20%	5.0	A
December 31, 2025	$167M	8.92%	5.0	A
September 30, 2025	$166M	0.00%	5.0	A+
June 30, 2025	$164M	0.00%	5.0	A+
March 31, 2025	$172M	0.00%	5.0	A+
December 31, 2024	$156M	2.15%	5.0	A+
September 30, 2024	$154M	2.45%	5.0	A+
June 30, 2024	$152M	4.62%	5.0	A+
March 31, 2024	$149M	7.83%	5.0	A
December 31, 2023	$143M	6.98%	5.0	A
September 30, 2023	$154M	3.95%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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

Website https://www.watermanbank.com

FDIC Certificate # 10878

Established 19080825

FDIC Insurance Date 19340101

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 96/100

5.0

Exceptional Out of 5.0 Stars

8.69%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.4750%

Return on Equity (ROE) 3.1800%

Non-Performing Loans (NPL) 1.29%

Total Assets $173,623,000

Total Deposits $144,343,000

Equity Capital $25,732,000

Net Income $406,000

Headquarters Waterman

Total Branches and Offices 3

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Waterman Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

<a href="https://monitorbankrates.com/banks/waterman-bank-rates-review-10878">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
       alt="MonitorBankRates Verified Healthy Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Total Reviews

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Frequently Asked Questions About Waterman Bank

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.