Business Savings Account Comparison
Account |
+ |
Opening Deposit |
Minimum Balance to Avoid Service Charges |
Monthly Service Charge |
Unlimited Check Writing |
Interest Bearing |
Business Savings Account |
Business Savings Details |
$0 |
$100 |
$2 if balance below $100 |
No |
Yes |
Business Money Market Account |
Money Market Details |
$0 |
$2,500 |
$10 if balance below $2,500 |
No |
Yes |
Business Certificate of Deposit |
CD Details |
$500 |
$0 |
$0 |
No |
Yes |
Account Details
Business Savings Account
- Variable interest rate account that earns competitive interest
- Only $2 monthly service charge if minimum balance falls below $100
- Six (6) withdrawals and transfers allowed per month*
- Fee Schedule
Business Money Market
- Variable interest rate account offering tiered rates
- Only $10 monthly service charge if minimum balance falls below $2,500
- Six (6) withdrawals and transfers allowed per month*
- Fee Schedule
Business Certificate of Deposit
- Fixed rate for term of certificate of deposit
- Terms available from 3 month to 60 month
- Minimum opening deposit is only $500
- Fee Schedule
*Regulation D limits the type of withdrawals and transfer transactions you can make out of your Savings or Money Market Account to a maximum combined total of six (6) per month or monthly statement period. These transactions include Automatic Transfers, Transfers by Telephone, Fax or Online Banking and Checks or Drafts. Withdrawal and Transfer transaction not limited to six (6) per month are those being made in Person, by Mail, at an ATM or by Messenger. An excessive withdrawal fee of $1.00 may apply for each transaction that exceeds the limit.