Business Savings Accounts
Regular Savings Account
- Interest is compounded and credited quarterly
- Quarterly statements
- Optional e-mail statements
- $50.00 minimum opening deposit
- $25.00 minimum balance to obtain stated interest rate
- Limit of 3 withdrawals per month
- Interest rate subject to change daily
- $5.00 monthly dormant fee after 12 months inactivity
- $5.00 excess withdrawal fee over 3 withdrawals per month
Certificates of Deposit
- Various terms, ranging from sixty (60) days to sixty (60) months
- Automatically renewable
- Interest is paid until maturity of the certificate
- Interest may be paid by check or deposit into a designated account, or compounded
- Annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
- $1,000.00 minimum opening deposit
- No additional deposits may be made into this account
- Withdrawals made before the maturity date may result in a penalty.
Money Market Account
- For all businesses, organizations, government agencies, or associations
- Interest is compounded and credited monthly
- Monthly statements with imaged checks and deposits
- Optional e-mail statements available
- $1,000.00 minimum opening deposit
- 6 withdrawals are allowed each four weeks or similar period (3 checks and 3 automatic or phone transfers)
- Unlimited transfers and withdrawals made in person, by messenger, by mail, or at an ATM
- Interest rate subject to change daily
- $10.00 monthly service fee if balance falls below $1,000.00