|
| |
|
Business Checking
|
BUSINESS
- No Minimum balance required
- $5.00 monthly service charge
- $0.15 per debit
- First 200 deposited items free per statement cycle - Over 200 $.05 per item
- $1.00 credit for every $1,000 of average collected monthly balance
- No interest earned
- Check images are returned with statement
Example:
|
Service Charge | $ | 5.00 | |
Business writes 30 checks | $ | 4.50 | |
Business deposits 400 checks | $ | 10.00 |
|
|
Gross Service Charge:
| $
| 19.50
|
Business has average monthly
collected balance of $4,000.00 | $ | 4.00 |
|
Net Service Charge | $ | 15.50
|
|
BUSINESS NOW
- Business NOW is available to sole proprietorships and non-profit organizations
- $500.00 minimum deposit to open
- Minimum daily balance of $500.00 required to avoid a $3.00 + $0.10/debit monthly service charge
- Interest compounded and credited monthly
- Minimum average available balance of $500.00 to earn interest
- Check images are returned with statements
- Interest rate .40% APY .40%
|
BUSINESS SAVINGS
- $100.00 minimum deposit to open
- Minimum daily balance of $100.00 required to avoid a $0.50 monthly service charge
- Interest is compounded and credited quarterly
- Interest rate .40% APY .40%
|
MONEY MARKET
- $1,500.00 minimum deposit to open
- Minimum daily balance of $1,500.00 required to avoid a $6.50 monthly service charge
- Interest is compounded and credited monthly
- Minimum average available balance of $1,500.00 to earn interest
- Check images are returned with statement
|
Interest Rate |
APY |
$1,500.00 minimum average
available balance
to obtain APY |
.75% |
.75% |
$25.000.01 minimum average
available balance
to obtain APY
|
1.00% |
1.00% |
$100,000.01 minimum average
available balance
to obtain APY
|
1.25% |
1.26% |
|
The bank may change the rates on these accounts at any time. The interest rate and annual percentage yield are accurate as of the date shown above. The annual percentage yield is based on the assumption that the minimum average available balance is maintained. Fees could reduce earnings on the account.
Limitations on all Money Market and Savings Accounts
Federal Reserve Regulation D limits the total number of transfers to no more than six (6) transfers
and withdrawals from your account per month by means of a preauthorized or automatic transfer or
telephone (including data transmission) agreement, order or instruction or by check, draft, debit
card or similar order payable to third parties.
Funds Available Policy
Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the fifth business day after the day of deposit.
|
