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Business Savings
Accounts
Regular Savings Account
Deposits can be
made in any amount, at any time to this account.
Minimum deposit to open....................................................$100.00
Minimum daily balance to earn
interest..........................$100.00
Minimum daily balance to avoid quarterly
maintenance
fee................................................................................................$300.00
Maintenance fee (quarterly statement).........$8.00
Maximum number free withdrawals
per quarter (eight)......8
Activity Charges (per withdrawal/deposit
fees):
Excessive withdrawal fee.........................................................$3.00
Deposit/withdrawal slip reorder for
statement account Current price
Account reopened within 30 days.......................................$10.00
Certificates Of Deposit
Our savings
certificates offer a choice of terms and fixed rates to fit your personal
needs. Terms include 91 and 182 days plus 12, 18, 24, 30 and 36 months.
Minimum deposit
to open and to receive maximum
stated
Annual Percentage Yield (APY)......................$1,000.00
Additional deposits can
be made to 12 month
certificate with a
minimum of...............................................$500.00
If balance goes
into next balance tier, the interest rate (in effect) will change for the
tier on the opening date or most recent renewal date.
Substantial penalty for early withdrawal.
Money Market Deposit Account
An investment
savings account with limited check-writing privileges. The account is
available to individuals, partnerships, corporations, non-profit
organizations and public entities.
Minimum deposit
to open................................................$1,000.00
Minimum daily
balance to avoid maintenance fee.$1,000.00
Minimum daily
balance to earn interest..........................$500.00
Maintenance fee.........................................................................$7.00
Minimum daily
balance below $1,000 earns the current Interest Checking rate.
Minimum daily
balance below $500 earns no interest.
Federal
regulations limit the number of withdrawal transactions to six each
statement period. No more than three (3) third-party checks allowed.
Activity charges
(per check
withdrawal/deposit fees - only excessive withdrawal fee is applicable):
Excessive
withdrawal fee for third-party checks, after three $10.00
Money Market Plus II
This is a
flexible money market investment savings account with limited check writing
privileges. It offers a competitive Annual Percentage Yield (APY). The
required balance and a Strictly Business checking account will
qualify a business for this account. It is available to individuals,
partnerships, corporations, non-profit organizations and public entities,
etc.
Minimum deposit
to open............................................$15,000.00
Minimum daily
balance to earn Money
Market interest
rate........................................................$15,000.00
Balances $500
to $14,999 will earn the Interest Checking rate.
Minimum daily
balance below $500 earns no interest.
Normal fees
apply to the linked accounts.
Federal
Regulations limit the number of withdrawal transactions to six each
statement period. No more than three (3) third-party checks allowed.
Activity charges (per check
withdrawal/deposit fees - only excessive withdrawal fee is applicable):
Excessive
withdrawal fee for third-party checks, after
three...........................................................................................$10.00
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