Savings Accounts

Savings Accounts

Financial security – now and in the future – is important to everyone. At Wallkill Valley Federal Savings & Loan, we have designed our New York savings account options to help you achieve your financial goals, whatever they might be.

For individuals, you can choose from basic passbook savings accounts, deposit savings accounts and club accounts. We offer savings accounts designed specifically for young savers as well as those age 50 and above. We also offer certificates of deposit (CDs) and individual retirement accounts (IRAs) that allow you to earn tax-free interest.

For businesses, we have several commercial savings account options, including money market, deposit accounts, CDs and more.


We All Have Different Goals

Whether you are saving for retirement, college tuition or the vacation of your dreams, let us help you make those goals a reality.

Every bank offers various savings account programs. But, when you work with a small community bank like ours, you get much more than just a bank account. For more than a century, we have helped our customers achieve their financial and economic goals. By providing you with a highly personalized level of attention and exceptional customer service, we ensure that you get the right products and service for you.

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 can help you find your ideal savings account.

Contact our main office in the hamlet of Wallkill or any of our convenient Hudson Valley area branches to learn more, or to open your new commercial or personal savings accounts today.

Savings Account Options:

Passbook Savings

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 (and earning interest) today!


Statement Savings
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. Get started today with just $10.

Youth Savings Account

Our youth savings account is a great way for little ones to learn about saving money. The account can be opened and begin earning interest with a deposit of $1, and the account holder receives a Birthday Bonus equal to $5.00 for each year of the child’s age until they turn 18! Once they are 18 the account can easily be converted to our statement savings account.

Indian son and father putting coins in piggy bank

Holiday Club

A Holiday Club Account is 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! You only need $10 to open an account and are only required to maintain a $10 minimum balance. On the 3rd Friday of October, we’ll cut you a check in the amount you’ve saved over the course of the year.

All Purpose Club

An All Purpose Club Account is another great way to set money aside and save for a special purpose. You only need $10 to open an account and are only required to maintain a $10 minimum balance. Checks will be cut or funds will be automatically deposited at the end of the club account period which will be designated ahead of time.

For the most up to date rate information click Deposit Rates

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