BUSINESS SAVINGS
Minimum Opening Balance:$100.00Monthly Maintenance Fee:None, when $100 minimum daily balance is maintained. A $2.00 fee will be imposed for each month if the balance falls below $100 any day of the month.
Per Item Fee:4 free withdrawals per month. $1.00 for each withdrawal after 4 during a calendar month.
Interest Bearing: Yes
Additional Features: Automatic Transfer Service to a checking account to cover an overdraft is available. There will be a $2 fee for each transfer. You must sign up for this service.
BUSINESS MONEY MARKET SAVINGS
Minimum Opening Balance:$1000
Monthly Maintenance Fee:None, when $100.00 minimum daily balance is maintained. A $2.00 fee will be imposed for each month if the balance in the account falls below $10.00 any day of the month.
Per Item Fee:4 free withdrawals per month. $1.00 for each withdrawal after 4 during a calendar month.
Interest Bearing:Yes
Additional Optional Features:Automatic Transfer Service to a checking account to cover an overdraft is available. There will be a $2.00 fee for each transfer. You must sign up for this service.
The following terms apply to all Interest Bearing Savings Accounts:
Interest begins to accrue on the business day you deposit non-cash items.(For example, checks)
We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day.
Interest will be compounded every month, interest will be credited to your account every month.
The interest rate and annual percentage yield on your account may change. At our discretion, we may change the interest rate on your account at any time.
If you close your account before interest in credited, you will not receive the accrued interest.
Withdrawals or transfers from a Savings account to another account or third parties by preauthorized, automatic, telephone, or computer transfers are limited to six per month. No more than 3 of the 6 may be made check, draft, debit card or similar means.
Today's rate is available upon request.
