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Business Savings
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Business Savings Account |
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Available for all types of businesses.
Earns market rate of interest. Interest accrued daily and credited monthly
when monthly average collected balance remains at $100 or up. Minimum
opening deposit $50. Federal regulations limit the number of
pre-authorized transfers, including ACH, to 6 per month. Unlimited
withdrawals in person or by mail. Savings overdrawn charge is $30.00. $3
monthly charge if balance drops below $100 on any day of the month. |
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Business Premium Passbook Account |
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Available for all types of businesses.
Requires a minimum opening deposit of $15,000 to obtain the APY posted at
the time of opening. If monthly average collected balance falls below
$15,000, account will earn regular savings passbook interest rate. $3
monthly charge if balance drops below $100 on any day of the month. For
interest rate and tier information refer to Market Rate Sheet. |
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For both Business Savings and Business
Premium Passbook Savings, five teller withdrawals allowed per month - $1
for each thereafter. |
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Business Certificates of Deposit |
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Available for all
businesses. Competitive rates & terms. Minimum deposit $1,000. Auto Renew.
Interest begins to accrue on business day you deposit non-cash items &
credited to your account according to certificate terms. Early withdrawal
penalties apply. |
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CDARS |
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Through CDARS service, we can provide
you with easy access to multi-million dollar FDIC protection on your CD
investments...up to $50 million. One Bank - One rate - One statement - No
fees - No collateralization - A wide variety of maturities - Community
Investment. |
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