Business Savings Accounts

 

Money Market


  • Tiered interest rates based on account balance
  • Online Banking at no charge
  • $1,000 opening deposit
  • $1,000 minimum balance (to avoid a $15 monthly maintenance fee)
  • $3 fee for withdrawals in excess of three per month**

 

Basic Savings


  • Earn interest on your funds
  • $100 opening deposit
  • $100 minimum balance (to avoid a $10 quarterly maintenance fee)
  • $3 fee for withdrawals in excess of six per quarter**

Certificates of Deposit (CDs)


  • Competitive interest rates based on amount of deposit and term of certificate
  • Different terms provide flexibility
  • Automatic renewal at maturity with a 10-day grace period
  • $500 minimum deposit
    (Early withdrawals may incur a penalty.)

 

**Under Federal Regulation D, savings and money market accounts are restricted to six third-party withdrawals or pre-authorized transfers per statement cycle. All check withdrawals, as well as transfer withdrawals by telephone, online banking, wires or ACH, or other pre-authorized withdrawals, are included when counting the number of restricted withdrawals. Your account is monitored over a 12-month period. Exceeding these federally- established withdrawal limits could cause us to move your account to a checking account, which allows unlimited withdrawals.

 

For additional information on fees and other account terms, please review our Truth in Savings disclosure and Schedule of Fees.