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Business Banking

Business Savings

Business Savings

Our Business Savings Account offers competitive rates. This is perfect for you if you are looking for a business savings account that requires a low average daily balance.  This account earns interests and allows you to make up to (6) preauthorized debits during the monthly statement cycle.

Features

  • Minimum Opening Requirement of $1,000.00
  • Six Preauthorized Debits1
  • A $2.00 Monthly Service Charge applies if the average daily balance falls below $500.00 at anytime during the statement cycle 2
  • Free Online Banking
  • Bill Pay Service Available
  • No ATM Fees Worldwide
  • Earns Interest2

1 Federal law limits activity on Money Market Deposit Accounts. By law this account is restricted to (6) preauthorized debits during the monthly statement cycle. Preauthorized debits include checks, drafts, funds transfers and pre-authorized debits. There are no limits on the number of deposits, in person withdrawals or ATM withdrawals made to this account.

 

2 Interest rate and Annual Percentage Yield are subject to change on your account at anytime. You can contact our branches for current interest rate and Annual Percentage Yield information.Balance Computation Method: We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.Interest Compounding Method and Credit Frequency:The interest compounding method is monthly. Interest will be credited to your account monthly.

 

 

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