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Business Savings Accounts

Regular Savings

  • $100 minimum opening balance
  • Maintain $100 average daily balance for the month to waive the $1 monthly service charge
  • Interest rate is calculated on the daily balance method
  • The interest rate is variable and subject to change
  • Transactions from a Regular Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle
  • FDIC Insured

 

 

Insured Investment

  • $2,500 minimum opening balance
  • Maintain a $2,500 average daily balance to avoid the $10 monthly service charge
  • Competitive interest rates on balance tiers that accrue and compound daily
  • Interest rate is variable and subject to change daily (calculated on available daily balance)
  • Interest will not accrue if minimum balance is not maintained
  • Transfers from an Insured Investment account to another account or to a third party by preauthorized, automatic or telephone transfer are limited to six per statement cycle with no more than three by check, draft, debit card or similar order to third parties
  • A restricted transaction charge fee of $2 will be charged for each transaction in excess of the limitations disclosed above
  • Monthly statement provided
  • FDIC Insured

 

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