Growing Your Money

 

 

 

 

 

Business Savings

Your money should always be working.  A Business Savings account keeps your money working while you decide when and where you need it.  It's your first step in business money management!

A Savings account is a steppingstone to success in growing your business.

  • $100.00 minimum opening deposit
  • $250.00 minimum daily balance to obtain disclosed annual percentage yield
  • Interest compounded daily and credited quarterly
  • $3.00 quarterly service charge balance requirement fee if daily balance falls below $250.00
  • $1.00 excess transaction fee for each withdrawal in excess of nine per calendar quarter

See Account Agreement for complete disclosure. Transaction Limits: You may make six (6) transfers from your account each four (4) week or similar period, if by check, draft, debit card or similar order (including POS transactions), preauthorized or automatic transfer, telephone (including data transmission) agreement, order or instructions. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. 

 

coin stacks

Business Money Market

The Business Money Market is a tier based investment account with the interest level based on the balance maintained in the account. The Money Market may be opened by any business including corporations.

  • $100.00 minimum opening deposit
  • Interest compounded daily and credited monthly
  • $12.50 monthly service charge balance requirement fee if daily balance drops below $2,500.00.
  • Allows up to 6 debits per transaction cycle at no charge.
  • Unlimited in-bank transfers between accounts
  • $10.00 Excess transaction fee

See Account Agreement for complete disclosure. Transaction Limits: You may make six (6) transfers from your account each four (4) week or similar period, if by check, draft, debit card or similar order (including POS transactions), preauthorized or automatic transfer, telephone (including data transmission) agreement, order or instructions. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

 

Business Certificates of Deposit

Gold watch and currency

 

Certificates of Deposit (CDs or Time Deposits) - With a minimum of $500.00 to open, Certificates of Deposit are a convenient, safe way to save. We offer terms from one (1) month to five (5) years. CDs are automatically renewable at maturity. Your CD may also be used as security for a business loan.

 

All Savings accounts are FDIC insured up to the maximum limit.