Business Savings Accounts

Our business savings account allows you to keep money on deposit at a higher interest rate than our business checking account

Minimum Opening Deposit:	$100.00
Minimum balance required to avoid service charge:	$100.00
Monthly service charge*:	$2.00
*If at any time during the statement period the balance falls below $100.00
Statement period:	Monthly
Minimum balance required to earn interest:	$100.00
Interest Rate:	See Rate Sheet
Annual Percentage Yield (APY):	See Rate Sheet
Interest Computation Method:	Daily Balance*
Interest will be compounded:	Quarterly
Fee per withdrawals:	$3.00 after 5 per month

Statement Period: Semi-annually (An interim account activity report will be sent if preauthorized withdrawals or electronic fund transfers occur during the month.)

• On non-cash items interest will begin to accrue on the next business day.
• If you close your account before interest is credited, you will not receive the accrued interest.
• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
• Only 6 preauthorized debits are allowed per month. (i.e. ACH, telephone transfer, etc.)

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.