Business Savings
Statements Savings
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:
Annual Percentage Yield (APY):
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.