Honoring Emergency Responding Officials Program (HERO)

Honoring Emergency Responding Officials (HERO) Program Disclosure: To enroll in the Honoring Emergency Responding Officials Program (HERO Program) you must show an employee ID, business card or pay stub as proof you are a currently employed or retired service member of the Fire Department, Police or Sheriff’s Department, Healthcare Worker, including administrative staff or volunteer, Emergency Medical Technician, Doctor, or Nurse. In addition to the above, you must have a WaterStone Bank (WSB) Universal checking account. Only one WSB program can be tied to an account. HERO Program is subject to change without notice. No-fee Overdraft Protection benefit requires an additional WSB deposit account owned by the HERO Program member with funds sufficient to cover the overdraft items. Fees that are assessed to your checking account for withdrawing funds at an ATM with your WSB Debit Card will be refunded to your WSB checking account within the next business day. WSB Home Equity Line-of-Credit (HELOC) annual fee will be refunded to your WSB checking account within 30 business days of the fee being assessed to your HELOC. $500.00 will be credited to your WSB checking account within 30 business days of closing your 1st mortgage home loan with WSB and setting up autopay from your WSB checking account. You may only receive this benefit one time with WSB. Free HERO Program checks will be provided. Benefit does not include reimbursement of other check designs you have previously purchased or plan to purchase. Free Gift will be provided annually in September if at that time your average balance of deposit accountsis greater than or equal to $10,000.00 or you have a WSB HELOC or 1st mortgage home loan. Fees are subject to change at any time. Employees of WaterStone Bank and its subsidiaries can choose to have an employee account and participate in an account program. Employees are eligible to receive program non-monetary benefits and are not eligible to receive program monetary bonuses. ^^Checking and Money Market Offer effective 05/01/21. Bonus offers require a new WSB Universal Checking account to be open and active for the entire statement cycle* to qualify for that statement cycle’s* bonus. Annual Percentage Yields (APYs) are accurate as of 06/15/23, variable, and subject to change at any time. Universal Checking account is a tiered rate product and pays interest. APY for each tier is based on daily balance method: 0.05% APY on balances from $0.00 to $9,999.99, 0.10% APY on balances from $10,000.00 to $49,999.99, 0.15% APY on balances from $50,000.00 to $99,999.99, and 0.15% APY on balances $100,000.00 or more, requires $100.00 minimum balance to open account and must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing. Fees may reduce earnings. $200.00 Automatic Deposit bonus offer requires a $500.00 minimum recurring automatic deposit of payroll or government benefits to be received within 60 calendar days of account opening and will be credited to the checking account on the first statement cycle* after the direct deposit is received. A $200.00 payback fee will be imposed if the checking account is closed within 180 calendar days of account opening. Fees may reduce earnings. Offer applies to new HERO Program checking account customers only, is redeemable at any branch location, cannot be combined with other offers, is limited to one per household and does not apply to individuals that closed a WSB checking account within the past 180 calendar days. Ultimate Money Market account is a tiered rate product and pays interest. APY for each tier is based on daily balance method: 0.40% APY on balances from $0.00 to $24,999.99, 1.15% APY on balances from $25,000.00 to $49,999.99, 2.50% APY on balances from $50,000.00 to $99,999.99, 2.75% APY on balances from $100,000.00 to $249,999.99, and 3.00% APY on balances $250,000.00 or more, and requires $5,000.00 minimum balance to open. $30.00 minimum balance fee will be imposed monthly if the average daily balance° for the statement cycle falls below $5,000.00. Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing. Fees may reduce earnings. $100.00 Money Market Account Bonus requires $5,000.00 or more opening deposit and a Universal checking account to receive bonus. Bonus will be credited to the money market account within 60 calendar days of account opening. A $100.00 payback fee will be imposed on your money market account if either the money market account or Universal checking account is closed within 180 calendar days of account opening. Offer applies to new HERO Program money market account customers only and does not apply to individuals that currently have a money market or closed a WSB money market within the past 180 calendar days. 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. *A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month. To determine your statement cycle please ask your Personal Banker at the time of account opening. For tax reporting purposes, a 1099 form may be issued at yearend for recipients of bonuses. Offers are subject to change at any time. See disclosure for details.