Savings - Money Market
Business Savings Account
- Interest is earned on collected balances and compounded quarterly
- Monthly maintenance on balances under $500..............$5.00/month
- Withdrawals over 6 per month......................................$10.00/each*
- Deposits over 4 per month...........................................$0.35/each
Business Savings II Account
- Interest is earned on collected balances and compounded quarterly
- Monthly maintenance on balances under $20,000...............$20.00/month
- Withdrawals over 6 per month............................................$10.00/each*
- Deposits over 4 per month.................................................$0.35/each
Business Money Market Account
With a variable interest rate and tiered interest rate structure, the higher your balance, the higher the interest rate.
- Interest is earned on collected balances
- Interest is compounded monthly
Interest Tiers:
$0.01 - $2,500
$2,501 - $10,000
$10,001 - $25,000
$25,001 - $50,000
$50,001 - $250,000
$250,001 - $500,000
$500,001 and above
Minimum average collected balance services fees:
$0 - $2,499.99 ..............................................$10.00/month
$2,500 and above...........................................no charge
Withdrawals over 6 per month ........................$20.00/each*
*Federal regulations limit you to no more than 6 debit transactions to third parties or to another account per monthly statement cycle. See Truth in Savings disclosure for complete details.