Business Savings
Business Savings Account
Features:
- $100 minimum opening deposit
- Competitive interest rates that are compounded quarterly
- Quarterly statements; monthly if electronic fund transfer occurs
- Avoid low quarterly service charge by maintaining a daily balance of only $100
- First 4 withdrawals per quarter are free, then a low fee for each additional withdrawal
- Preauthorized transaction limits apply; refer to account disclosure
- Fees will apply if the account is closed within 6 months of opening
Commercial Money Market
Features:
- $2,500 minimum opening deposit
- Avoid a low monthly service fee by maintaining a daily balance of only $2,500 or more
- Monthly Statements
- Competitive interest rates that is based on account balance
- Enjoy the flexibility to make unlimited deposits
- Transactions in person at a teller and ATM are unlimited. Preauthorized transaction limits apply; refer to account disclosure
Certificates of Deposits
Features:
- $1,000 minimum opening deposit
- Choose from flexible terms that range from 7 days to 5 years
- Benefit from competitive interest rates that vary depending on the term and interest payment method
- Early withdrawal penalties will or may be imposed
Add-on Certificates of Deposit
Features:
- $500 minimum opening deposit
- Competitive tiered interest rate that is based on account balance
- Unlimited deposits allowed in the amount of $25 or more
- No maturity date
- Interest is subject to change at any time
- Receive quarterly statements
- Penalties may apply if a withdrawal is made within the first six days of a deposit
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