BUSINESS SAVINGS
The Business Savings Account is the simplest way to begin building up a cash reserve for your company. With interest earned on your entire balance you can make your money work for you.
Benefits
- No monthly service fee no matter how much your account balance goes up or down.
- $100 minimum deposit to open the account.
Unlimited deposits.
Unlimited transactions if done in person, by mail, through ATM or over the phone (with the check sent through the mail).*
Tiered market-based interest paid.
Deposits insured by the FDIC up to $250,000.
Receive statements quarterly.
Business Savings Account
| BUSINESS SAVINGS ACCOUNT | |
|---|---|
| MINIMUM TO OPEN ACCOUNT | $100.00 |
| MAINTENANCE FEE | $0.00 |
| DEPOSIT RETURN ITEM FEE | $12.50 |
| INTEREST | TIERED |
| OVERDRAFT FEE | $35.00 |
| INCOMING FED WIRE | $15.00 DOMESTIC $45.00 FOREIGN |
| OUTGOING FED WIRE | $30.00 DOMESTIC $50.00 FOREIGN |
* Limitations on frequency of transfers – During any calendar month, you may not make more than six withdrawals or transfers to another account of your or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.