West Vigo Trust Bank

📀 Classic Savings Account · The Foundation of Prudence

For over a century, West Vigo Trust Bank has encouraged the virtue of saving. Our Classic Savings Account is designed for those who wish to build a secure future while earning a competitive yield. Unlike high-risk investments, a savings account with West Vigo Trust offers absolute safety, FDIC insurance, and the peace of mind that comes from knowing your hard-earned money is protected. Whether you are saving for an emergency fund, a child's education, a dream vacation, or a down payment on a home, our Classic Savings account provides the ideal vessel.

Our Classic Savings features a low minimum opening deposit of just $50, no monthly service charge when you maintain a $300 minimum daily balance (or $2.50 fee if below), and interest compounded daily and paid monthly. The current APY is 0.45% on all balances — one of the most competitive rates among traditional community banks. We believe in rewarding thrift, not punishing it. Additionally, you may link your Classic Savings to your West Vigo Trust checking account for overdraft protection, automatic transfers, and goal-based savings buckets.

What makes our savings account truly special is the "Vigo Milestone Bonus": for every consecutive year you maintain a balance above $1,000 without a withdrawal, we add a 0.05% loyalty bonus to your APY, up to a maximum of 0.75% APY. This is our way of honoring consistent savers. You may also create up to five "sub-accounts" or savings buckets within the same account — label them "Emergency Fund," "Travel," "New Car," "Tuition," or "Holiday" — and allocate deposits automatically. Each bucket earns the same competitive rate, and you can track progress via our digital suite.

📜 Certificates of Deposit · Guaranteed Returns, Timeless Security

For clients seeking predictable, fixed returns with zero market risk, West Vigo Trust Bank offers a full range of Certificates of Deposit (CDs). Our CDs are ideal for money you will not need in the short term but want to grow at a guaranteed rate. We offer terms from 3 months to 5 years, with rates that increase with the length of commitment. All CDs are FDIC insured up to $250,000, and we also offer a "Jumbo CD" tier for deposits above $100,000 with an additional rate premium.

Our current CD rates (as of this quarter) are among the most competitive in the region: 3-month CD at 0.80% APY, 6-month at 1.00% APY, 1-year at 1.35% APY, 18-month at 1.50% APY, 2-year at 1.65% APY, 3-year at 1.80% APY, 4-year at 1.90% APY, and 5-year at 2.10% APY. For existing West Vigo Trust checking or savings clients, we add a 0.10% relationship bonus. For jumbo CDs ($100k+), add an additional 0.15% APY. Interest may be paid monthly, quarterly, or compounded and paid at maturity — your choice.

We also offer a unique "Vigo Step-Up CD" (2-year term) that allows you to increase your rate once during the term if market rates rise, protecting you from missing out on higher yields. And for the truly patient, our "Heritage CD" (5-year) includes a one-time partial withdrawal of up to 50% of principal without penalty after the first year — combining security with flexibility. All CDs automatically renew at maturity with a 10-day grace period to withdraw or change terms. Early withdrawal penalties are standard but transparent: 90 days of interest for terms under 1 year, 180 days for terms 1-3 years, and 270 days for terms over 3 years.

Why Save & Invest with West Vigo Trust?

Choosing where to save and lock in rates is a decision of trust. At West Vigo Trust Bank, we have never failed to honor a CD or a savings withdrawal in our 103-year history. Our capital ratios are among the strongest in the state, and we are consistently rated 5 stars for safety by BauerFinancial. Unlike online-only banks, we offer local branches, real human support, and a deep commitment to financial education. When you open a savings account or a CD with us, you receive a personal savings planner, quarterly rate reviews, and automatic renewal reminders.

We also offer a "CD Laddering Service" — our advisors will help you structure a portfolio of CDs with staggered maturities to balance yield and liquidity, at no extra charge. For savers, we provide automatic transfer plans from checking to savings (weekly, biweekly, or monthly) to make building your nest egg effortless. And for young savers under 18, we offer a "Vigo Future Savers" account with no minimum balance and a special 0.50% APY to encourage early financial habits.

Additionally, for clients who maintain both a Classic Savings account and any CD with a term of 2 years or more, we waive the monthly savings fee entirely (even if balance falls below $300) and provide a free safe deposit box for the CD's term. This is our way of thanking you for deepening your relationship with West Vigo Trust Bank. To open a savings account or a CD, you may visit any branch, call our Concierge line, or apply online using promo code "SAVECD25" to receive a $25 bonus when you fund a new savings account with at least $500, or a $50 bonus for any CD of $5,000 or more (terms apply).

Finally, we are proud to offer a "Rate Match Guarantee" on CDs: if you find a higher APY on a comparable term CD from any FDIC-insured institution within 10 days of opening your West Vigo CD, we will match that rate and add an additional 0.05% APY as a gesture of our commitment. No gimmicks, no hidden conditions — just honest competition. Your savings and certificates of deposit at West Vigo Trust Bank are more than financial instruments; they are the building blocks of your legacy. Join a bank that has stood the test of time and will stand with you for generations to come.