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Business Savings Accounts
 

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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