Exclusive Banking Benefits
Employees & Guests
At Walden Savings Bank, we’re proud to support the Garnet Health community. That’s why we’ve created special offers just for employees and guests including exclusive checking account benefits, convenient digital banking tools, and personalized service you can count on.
Whether you’re looking to open a new checking account, plan for retirement, or buy a home, we’re here to make banking easier and more rewarding.
Get a $300 Bonus* When You Open a New Checking Account!
Our checking accounts make everyday banking simple, affordable, and stress-free. Take advantage of Express Direct Deposit to access your paycheck up to two days early, enjoy surcharge-free ATMs plus, the latest in Digital Banking Technology.
Be sure and use promo code "Garnet" to take advantage of our special $300 new account bonus*.
Home Equity Line of Credit - 4.50% APR Intro Rate**
For the First Six Months
Whether you're renovating your space, consolidating debt, funding education, or seizing investment opportunities, utilizing our Home Equity Line of Credit The Walden Way can help you tap into the equity you've built up and leverage it to achieve your goals!
- No Closing Costs
- Interest Only During the 10 Year Draw Period
- Utilize Up To 80% Of Your Home's Value
Home Loans Made Simple
Whether you're buying, building or refinancing, we've got you covered!
Walden Savings Bank offers flexible mortgage solutions designed to fit your needs, whether you’re buying, refinancing, or building. First-time buyers benefit from low down payment options and one-on-one guidance, while all customers enjoy the convenience of local servicing and a straightforward process from start to finish. With knowledgeable consultants by your side, your journey to homeownership is made simple, personal, and close to home.
*Checking Account Offer- Important Information
To receive the $300 bonus, customer must open and maintain a new Walden Savings Bank Checking Account and complete one of the following within the first 90 days after account opening: Establish a monthly direct deposit of $1,000 or more OR Perform debit card purchases totaling a minimum of $1,000. Additionally, customers must be enrolled with online/ mobile banking. One bonus per customer with no additional or previous checking accounts at Walden Savings Bank within the past 2 years. Bonus will be deposited into your primary checking account within 30 days of requirements being met and is subject to IRS reporting. Offer valid through December 31, 2025. This offer is subject to change or terminate at any time. Cannot be combined with any other offer. Should the account be closed within six months by the customer or Walden Savings Bank, the $300 account bonus will be deducted from the closing amount. Employees of Walden Savings Bank are not eligible. Super Now Account – minimum balance to open account $25.00 – minimum balance of $5,000 required to obtain Annual Percentage Yield (APY) of 0.05%. Advantage Checking Account – minimum balance to open account $5,000 – minimum balance of $5,000 required to obtain Annual Percentage Yield (APY) of 0.10%. Rates effective May 8, 2025 and subject to change after account opening. Fees may reduce earnings on account.
**Home Equity Line of Credit- Important Information
Offer valid on new HELOCs up to $200,000.00 secured with owner occupied, one to four family primary residence with a maximum Combined Loan to Value (CLTV) of 80%. Closing costs are paid by the bank and subject to repayment should the HELOC be closed within the first three years. If a Full Appraisal or Full Title is required, the borrower must pay those fees as they occur (i.e. Loan amounts greater than $175,000 require Full Appraisal; Loan amounts greater than $175,000 require Full Title). An initial disburse of $10,000 will be required at closing to be eligible for this introductory rate. Property insurance required. Borrower is responsible for flood insurance if applicable. This HELOC promotion is available for a limited time only and may be withdrawn or changed at any time. Offer subject to credit approval. Effective as of 02/10/2025 the Annual Percentage Rate (APR) for our Home Equity Line of Credit (HELOC) promotion is 4.50 % for the first 6 months, serving as an introductory rate. This introductory rate will adjust based on the Wall Street Journal Prime Rate, currently at 7.50 % as of 12/18/2024 minus 3.00%. Following the initial 6-month period, the rate will adjust based on the Wall Street Journal introductory Prime Rate, currently at 7.50% as of 12/18/2024. The Home Equity Line shall have an interest rate floor equal to 4.00% APR and an interest rate ceiling of 16.00% APR.
The APR calculation shown is based upon a Home Equity Line of Credit in second lien position with a 10 year draw and interest only period followed by a 15 year amortizing repayment period, in the amount of $50,000, using the Prime Rate (currently 7.50%) as published in the Wall Street Journal, on a single-family, primary residence with an 80% combined loan-to-value, minimum borrower credit score of 720 with no points. The Home Equity Line shall have an interest rate floor equal to 4.000% APR and an interest rate ceiling of 16.00% APR. Your payment schedule would be 120 payments of $354.17, 179 payments of $492.37 and 1 payment of $492.25. The rate of interest shall change as the Prime Rate changes. The Prime Rate is not necessarily the lowest rate of interest charged by the bank to its most favored borrowers. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums.
