Whether you are saving for a rainy day or putting money away for a specific purpose, we want to help make saving money easy and hassle free.
We offer a variety of savings accounts so if you aren’t sure which is the right fit for your needs, one of our customer service representatives would be happy to sit with you to help find the best option!
Savings Account Options:
Passbook Savings Account
If you are just getting started on the path to savings, our passbook savings account is a great start. The account is easy to establish, if you’ve got $10, we can get you started saving today!*
Holiday Club Account
Are you looking for an easy way to set money aside for the holiday season so that the end of the year festivities don’t leave you going broke? We’ve got a great Holiday Club Account, you only need $10 to open an account or we can transfer into an account for you.* On the 3rd Friday of October, we’ll cut you a check in the amount you’ve saved over the course of the year. Let the festivities begin!
Statement Savings Account
If you are looking for a bit more access to the money you are setting aside, a statement savings account is a good place to start. With this type of account, you gain access to our ATM machines plus, you have the ability to manage your accounts via online banking and telephone banking (including transfers between statement accounts). Plus you will receive monthly statements detailing account activity.* You must deposit $10.00 to open this account.
For the most up to date rate information click Deposit Rates.
*Regulation D - Regulation D is a directive of the Federal Government, not Wallkill Valley Federal Savings & Loan
You may make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle of at least four weeks, from a non-transaction account (Savings and Money Market) to another account or to a third party by means of preauthorized or automatic transfer, or telephonic agreement, order or institution, or by check, draft, debit card, or similar order made by the depositor and payable to third parties.