Business Savings Account

Traditional savings account that can be used as a rainy day or emergency fund, which can be separate from funds needed for daily operations. Interest is paid quarterly.

More Information

  • Interest bearing
  • Minimum to open account: $100.00
  • $8.00 service charge per quarter if the balance falls below $300 for any day during the quarter
  • An excessive debit fee of $2.00 will be charge for each debit in excess of six per quarter.
  • Transaction limitations: Transfers from the savings to another account or to third parties by preauthorized, automatic, telephone or computer transfers are limited to six per month.

Money Market Savings Account

This account has tiered interest rates based on the balance maintained. Transaction limitations apply to this account.

More Information

  • Interest bearing
  • Minimum to open account: $2500.00
  • If the balance drops below $5,000.00 any day during the statement cycle, the monthly service charge is $10.00.
  • An excessive debit fee of $10.00 will be charge for each debit in excess of six per statement cycle.
  • Transaction limitations:¬†Transfers from the money market account to another account or to third parties by preauthorized, automatic, telephone or computer transfers are limited to six per month.
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