PERSONAL BANKING

 

DEPOSIT PRODUCTS
Woodhaven National Bank is a member FDIC, accounts insured up to the maximum amount allowed by law.

Woodhaven National Bank offers a variety of checking  & savings options to serve you. With FREE Internet Banking, FREE Bill Pay and FREE 24-Hour Telephone Banking – no matter where you are, you’re Home.

And Woodhaven National Bank Online Banking is FREE with ANY Personal Account!

Enjoy the convenience of accessing your account information 24 hours a day. Woodhaven National Bank Online Banking lets you:

  • Pay your bills electronically
  • Review your account balances
  • Confirm that your checks have cleared
  • Transfer funds
  • Record ATM or Debit Card transactions

SELECT 4 CHECKING

Our most flexible checking account allows you unlimited check-writing privileges.

  • Minimum Opening Balance - $100.00
  • Monthly Service Charge - $7.00 *
    To Avoid a monthly Service Charge
    • Enroll in Woodhaven National Bank ECOM Online Banking and receive a credit back of $2.00
    • Enroll in monthly E-Statements and receive a credit back of $2.00
    • Receive Direct Deposit from outside source and receive a credit back of $2.00
    • Debit Card use* receive a credit back of $1.00
    • *Minimum 10 debit card transactions posted each statement cycle required to receive debit card transaction credit.
  • Unlimited Check Writing
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking
  • ATM/Mastercard® Debit Card Available
  • Monthly E-Statements or Text Statements
  • $300 NSF Item Protection

There will be a $30.00 NSF charge for each check/debit overdrawing the account

REGULAR CHECKING

Our classic checking account allows you unlimited check-writing privileges.

  • Minimum Opening Balance - $100.00
  • Monthly Service Charge-
    • Minimum balance to avoid imposition of fees: If your balance falls below $500.00 on any day in the monthly statement cycle a monthly maintenance fee of $8.00 will be imposed  once during the statement cycle. If your balance is at least $500.00 on every day of the monthly statement cycle but falls below $750.00 on any day during the monthly statement cycle we will impose a monthly maintenance fee of $5.00 once during the statement cycle.
  • Fees-
    • An additional debit fee of $.22 will be charged for each debit in excess of 25 during a statement cycle unless your balance is at least $1,000.00 on every day in the monthly statement cycle.
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking
  • ATM/Mastercard® Debit Card Available
  • Monthly E-Statements or Text Statements

There will be a $30.00 NSF charge for each check/debit overdrawing the account

GOLD PLUS CHECKING

For our customers 55 years of age and over to make banking at Woodhaven National Bank easier and more affordable than ever.  Provides the  convenience of a checking account while earning interest like a savings account. Unlimited check writing with no per check charges.

  • Minimum Opening Balance - $100.00
  • No Monthly Service Charge
  • Rate Information-
    • Required Balance: Minimum balance of $1,000.00 required to obtain disclosed Annual Percentage Yield
    • Rate Information: Your interest rate and annual percentage yield may change.
    • Frequency of rate changes: We may change the interest rate on your account at any time.
    • Determination of rate: At our discretion, we may change the interest rate on your account.
    • Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every monthly statement cycle.
    • Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
  • FREE American Express Travelers Checks
  • FREE Cashier Checks and Money Orders
  • FREE Direct Deposit
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking
  • ATM/Mastercard® Debit Card Available
  • Monthly E-Statements or Text Statement

There will be a $30.00 NSF charge for each check/debit overdrawing the account 

PERSONAL NOW CHECKING

The best of both worlds – Interest Checking provides the  convenience of a checking account while earning interest like a savings account. Unlimited check writing with no per check charges*.

  • Minimum Opening Balance - $1,000.00
  • Monthly Service Charge -
    • Minimum balance to avoid imposition of fees: A monthly maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day in the cycle.Fees-

*An additional debit fee of $.22 will be charged for each debit in excess of 25 during a statement cycle unless your balance is at least $1,000.00 on every day in the monthly statement cycle.

  • Rate Information-
    • Rate Information: Your interest rate and annual percentage yield may change.
    • Frequency of rate changes: We may change the interest rate on your account at any time.
    • Determination of rate: At our discretion, we may change the interest rate on your account.
    • Compounding and crediting frequency: Interest will be compounded monthly. Interest will be credited to your account every monthly statement cycle.
    • Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking
  • ATM/Mastercard® Debit Card Available
  • Monthly E-Statements or Text Statements

There will be a $30.00 NSF charge for each check/debit overdrawing the account 

PERSONAL SAVINGS

A convenient and accessible way to save money.

  • Minimum Opening Balance - $100.00
  • Service Charge-
    • Minimum balance to avoid imposition of fees: A quarterly maintenance fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day in the cycle.
  • Withdrawal Terms-
    • Transaction limitations:Transfers from a Savings account to another account or to third parties by pre-authorized, automatic, telephone, or transfer by ATM/Debit card are limited to three per quarter.
  • Fees-
    • Fees: An excessive withdrawal fee of $1.00 will be charged for each debit in excess of three during a quarter
  • Rate Information-
    • Rate Information: Your interest rate and annual percentage yield may change.
    • Frequency of rate changes: We may change the interest rate on your account at any time.
    • Determination of rate: At our discretion, we may change the interest rate on your account.
    • Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking 
  • Monthly / Quarterly E-Statements or Text Statements 

PERSONAL MONEY MARKET

Your high yield money market account provides interest rate tiers, to maximize your return - the larger your balance, the higher the rate you receive on your funds.

  • Minimum Opening Balance - $2,500.00
  • Service Charge-
    • Minimum balance to avoid imposition of fees: A monthly maintenance fee of $15.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Withdrawal Terms-
    • Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle
  • Fees-
    • Fees: An excessive debit fee of $10.00 will be charged for each debit in excess of six during a statement cycle.
  • Rate Information-
    • Rate Information: Your interest rate and annual percentage yield may change.
    • Frequency of rate changes: We may change the interest rate on your account at any time.
    • Determination of rate: At our discretion, we may change the interest rate on your account.
    • Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.
    • Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If your daily balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be equal to the Money Market account rate. If your daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be equal to the NOW Account rate.
    • Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every monthly statement cycle.
    • Accrual of interest on noncash deposits:Interest begins to accrue no later than the business day we receive credit for the deposit on noncash items (for example, checks)
  • FREE Woodhaven National Bank ECOM Online Banking
  • FREE Online Bill Payment
  • FREE Telebank 24 hour Telephone Banking
  • Monthly E-Statements or Text Statements

There will be a $30.00 NSF charge for each check/debit overdrawing the account 

CERTIFICATES OF DEPOSIT

Your Woodhaven National Bank Certificate of Deposit offers a higher interest rate with terms from 30 days to 5 years. The interest rate and annual percentage yield will not change for the term of the account.

  • Competitive Interest Rates
  • Minimum deposits as low as $1,000.00

INDIVIDUAL RETIREMENT ACCOUNTS

Woodhaven National Bank offers a variety of IRA's.


Traditional, Roth, SEP, & Simple are Certificate of Deposit Investments with a maturity term.

  • Traditional IRA's
    • Contributions can be tax deductible in the year they are made depending on the IRA holder's income level and participation in Employer Sponsored retirement plans. 
    • Contributions can be made up until your tax deadline, generally April 15th, for a prior year contribution.
    • Generally, Traditional IRA account holders are taxed on distributions in the year distributions are taken.
    • The Traditional IRA account holder is required to begin taking distributions in the year they reach 70 1/2. Individuals can begin to withdraw without IRS penalty at the age of 59 1/2
  •  Roth IRA's      
    • The Roth IRA contributions are not tax deductible. Investors would benefit from a Roth IRA if they:
      • Expect to be in the same or even higher tax bracket at retirement age
      • Already contribute to 401K  or other company plan
      • Want to continue to contribute to an IRA Plan after age 70 1/2
  • SEP IRA's       
    • A SEP IRA is a Traditional IRA account that is established by an employer for eligible employees. The employer can have certain guidelines that the employee has to meet to be eligible. You must check with your employer to see if they offer this benefit.
  • Contribution Limits:  
    • Traditional
      • 2011 = $5,000.00 for IRA contributors under the age of 50
      • 2011 = $6,000.00 for IRA contributors age 50+
      • 2012 = $5,000.00 for IRA contributors under the age of 50
      • 2012 = $6,000.00 for IRA contributors age 50+
    • Roth IRA
      • 2011 = $5,000.00 for IRA contributors under the age of 50
      • 2011 = $6,000.00 for IRA contributors age 50+
      • 2012 = $5,000.00 for IRA contributors under the age of 50
      • 2012 = $6,000.00 for IRA contributors age 50+
  • Terms range from 1 year to 5 years
  • Minimum deposit to open any one of these products is $500.00

Please consult your tax advisor for more details on tax qualifications

What you need to open an Account:

Federal law requires certain personal identification documents to open a bank account. You will need the following:

  • A valid Texas photo ID such as a driver's license, state-issued or military ID. Non-citizens must provide their alien registration number.
  • You must have your Social Security number
  • And proof of your address (a utility bill or apartment lease will do). The address must match your photo ID

LOAN PRODUCTS 

AUTOMOBILE

  • New and Used Auto Loans at reasonable rates
  • Terms up to 60 months on new automobile loans
  • Pre-Approval available 

HOME IMPROVEMENT

  • Install a pool
  • Add on an extra room
  • Upgrade existing amenities
  • Terms up to 15 years