Business Savings
Savings designed for businesses who want a separate savings account in addition to a checking account.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Features:
- $100 minimum deposit to open
- Maintenance fee of $3.00 per month waived by $100 minimum daily balance
- Nine withdrawals are permitted per quarter
- $1.00 fee per withdrawal more than nine per quarter
- Interest paid quarterly
- Closing account within 90 days of opening, $10 fee
- A $3.00 dormant fee will be assessed quarterly on any dormant account under $50
- Fees may reduce earnings on this account
Interest Tiers:
- $0 - $9,999
- $10,000 - $99,999
- $100,000 - $249,999
- $250,000 +
Business Money Market
Business Money Market Account designed for businesses who want to earn competitive interest rates on savings and have immediate access to their money.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Features:
- $2,500 minimum deposit to open
- Maintenance fee of $10.00 per month waived by $2,500 minimum daily balance
- $5.00 fee per withdrawal more than six per statement period
- Interest paid monthly
- A $3.00 dormant* fee will be assessed quarterly on any dormant account under $50
- Fees may reduce earnings on this account
- *Dormant - An account becomes dormant after 24 months of no activity
Interest Tiers:
- $0 - $9,999
- $10,000 - $99,999
- $100,000 - $249,999
- $250,000 +
Free Business Savings and Business Money Market Account Services
- Online Banking & Online Bill Pay
- Mobile Banking
- e-Statements
- Visa® Debit Card
- 24-hour Telephone Banking
Note: Under federal regulation, transfers from a Money Market account to another account or to third parties by pre-authorized, automatic or telephone transfer are limited to six per month. If this limitation is exceeded on a regular basis, we are required to convert your account to another account that permits unlimited check-writing privileges. We will determine the number of third-party checks for your statement period based on the posted date of those items.
