Savings

Business Savings

Business Money Market Accounts

  • A premium rate of interest is paid monthly on the account’s daily balance.
  • Federal regulations limit the number of debits or checks to six per statement cycle. No limit on in person withdrawals or transfers. $10 excess w/d fee, per item.
  • Maintain a minimum daily balance of $1,000 or an average statement cycle balance of $2,500 and the $10 monthly maintenance fee will be waived.

Business Savings Accounts

  • Maintain a $500 balance throughout the calendar cycle and the $6 quarterly maintenance fee will be waived.
  • Allows 6 withdrawals per month. Excess withdrawal fee is $1 per item.

Certificates of Deposit - CDs

  • Choice of maturities ranging from 7 days to 3 years.
  • $1,000 minimum opening deposit.