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BUSINESS SAVINGS ACCOUNT
- A minimum balance of $500.00 earns interest compounded quarterly and paid
quarterly.*
- Lower balances are charged $5.00 monthly.
- A fee of $1.00 is charged for each withdrawal in excess of 3 per month.***
- Interest is accrued on the collected balance of the account.
- Interest will not accrue on any day the balance is below $500.00.
BUSINESS TIERED MONEY MARKET ACCOUNT
- Minimum balances of $1,000.00 or average balances of $1,500.00 earn the money market rate, which is adjusted weekly to local competition.
- Minimum balances of $10,000.00 or more earn increasingly higher rates.
- Contact us for current rates and tiered balance details.*
- Minimum balances below $1,000.00 earn the current NOW account interest rate.*
- Interest is accrued on the collected balance of the account.
- This is a limited withdrawal account with a penalty for excessive withdrawals.***
* All interest rates are subject to market changes
** Regular fees for NSF and Overdrafts still apply.
*** If excessive withdrawls become frequent, your account may be changed to a non-interest bearing account.
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