Business Deposit Accounts

 

Business Checking Account

  • $200.00 minimum deposit to open
  • Minimum balance required to avoid the following service charges:
    • $7.00 service charge if the lowest daily balance during the monthly cycle is between $400.00 and $499.99
    • $8.00 service charge if the lowest daily balance during the monthly cycle is between $300.00 and $399.99
    • $9.00 service charge if the lowest daily balance during the monthly cycle is between $0.00 and $299.99
 

Money Market Account

  • $1,000.00 minimum deposit to open
  • Interest bearing account
    • Interest rate and annual percentage yield may change at bank’s discretion
    • Interest will be compounded and credited to the account every monthly statement cycle
  • $10.00 service charge if the lowest daily balance during the monthly cycle is below $1,000.00
  • Limited withdrawal transactions per monthly cycle
    • No more than six withdrawals or transfers to another account or to a third party by means of a preauthorized or automatic transfer, telephone order, computer transfer, check, draft, debit card or similar order to a third party

Business Savings Account

  • $100.00 minimum deposit to open
  • Interest rate and annual percentage yield may change at bank's discretion
  • Interest will be compounded and credited to the account every quarterly statement cycle
  • $5.00 service charge if the lowest daily balance during the quarterly cycle is below $100.00
  • Limited withdrawal transactions per monthly cycle
    • No more than six withdrawals or transfers to another account or to a third party by means of a preauthorized or automatic transfer, telephone order, computer transfer, check, draft, debit card or similar order to a third party