Business Accounts Brochure
BUSINESS MONEY MARKET SAVINGS
The Business Money Market Savings Account is the perfect
cash management account for your business. Earn an
attractive rate of
interest with the convenience of withdrawal by check.
| Minimum Opening Deposit: |
$1,000 |
| Monthly Service Charge: |
$25 or waived with an average daily ledger balance of $5,000 |
| Interest: * |
Five tiers:
$0 - $9,999.99,
$10,000.00 - $24,999.99,
$25,000.00 - $249,999.99
$250,000.00 - $499,999.99
$500,000.00 and above |
| Activity Based Service Charges: |
- Allows six pre-authorized withdrawals per statement cycle
- $10.00 per non-exempt transfer and/or withdrawal over six (not waived by meeting balance requirements)
- See Schedule of Fees & Charges for individual item costs
|
| Other Benefits: |
- Allows unlimited deposits and in-person withdrawals
- Free Internet Banking and Telephone Banking access
- Cash Management Services
|
BUSINESS
SAVINGS
Park your cash reserves in a Business Savings Account
and watch them grow. Set up a savings plan with an automatic
transfer from your operating account. Earn a solid interest
rate while you accumulate extra cash for tax payments
or major purchases.
| Minimum Opening Deposit: |
$500 |
| Monthly Service Charge: |
$10 or waived with an average daily ledger balance of $1,000 |
| Interest: * |
This is an interest bearing account |
| Activity Based Service Charges: |
- Allows six pre-authorized withdrawals per 30 days (or similar period)
- $1.00 per non-exempt transfer and/or withdrawal over six (not waived by meeting balance requirements)
- See Schedule of Fees & Charges for individual item costs
|
| Other Benefits: |
- Allows unlimited deposits and in-person withdrawals
- Free Internet Banking and Telephone Banking access
- Cash Management Services
|
Certificate
of Deposit
Enjoy higher rates plus
peace of mind with our FDIC-insured certificates. With FDIC insurance, your deposits are covered up to $100,000 in the case of bank failure. Lock
in your rate for as few as seven days to as long as
five years. Please call our branch representatives for current rates.
| Minimum Opening Deposit: |
$2,500** |
| Monthly Service Charge: |
None |
| Interest: * |
Four tiers:
$0 - $9,999.99,
$10,000.00 - $24,999.99,
$25,000.00 - $99,999.99
$100,000.00 and above |
| Other Benefits: |
- Withdrawals prior to maturity are subject to a penalty
- See rate sheet for current rates and terms
|
* Variable rate may change daily and interest is compounded daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Please contact us for current rates.
** $100,000 minimum opening deposit required for CDs with terms of 29 days or less
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