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Business Savings Accounts
Money Market Account
Requirements:
- Initial deposit required to open an account - $1,000.00
- With the exception of loan payments to us, you may not make more than six preauthorized, automatic, or telephone transfers (including telephone banking, internet banking and bill pay) from your account each month.
Benefits:
- No monthly maintenance fee unless balance falls below $1,000.00, or more than six withdrawals are made during the month.
- Interest is calculated using the daily balance method and will be credited to your account monthly.
- Interest begins to accrue on the business day of deposit
- Free online and telephone banking
Cost:
- This account will be charged a $10.00 fee if the daily minimum balance falls below $1,000.00 any day in the statement cycle.
- A per-item fee of $15.00 for each transfer (withdrawal, check paid, automatic transfer, or payment) in excess of six per statement cycle
Statement Savings Account
Requirements:
- Initial deposit required to open an account - $100.00
- With the exception of loan payments to us, you may not make more than six preauthorized, automatic, or telephone transfers (including telephone banking, internet banking and bill pay) from your account each month.
Benefits:
- Your interest rate and annual percentage yield may change
- Must maintain a minimum balance of $10.00 to obtain the disclosed annual percentage yield
Cost:
- A per-item fee of $1.00 for each transfer (withdrawal, check paid, automatic transfer, or payment) in excess of six per statement cycle.
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