Business Savings & Money Market

Business Savings & Money Market

Product

Business Savings

Money Market

E-Business Money Market

Account Overview

Basic, low-fee savings account

Interest bearing account with limited check-writing

Higher yielding account with limited check-writing

Minimum Deposit to Open

$100

$1000

$1000

Interest Paid

Interest compounded and credited quarterly

Interest compounded daily and paid monthly Tiered interest based on balances

Interest compounded daily and paid monthly Tiered interest based on balances

Minimum Balance Required to Avoid Monthly Service Charge

None

$1,000 Min Daily Balance or $2,500 Avg Daily Balance

$1,000 Min Daily Balance or $2,500 Avg Daily Balance

Monthly Maintenance Fee

None

$10

$10

Withdrawals

3 FREE debits per Quarter. $2.00 service charge per withdrawal/debit over 3

3 FREE checks per statement cycle. $10.00 service charge per debit over 3

3 FREE checks per statement cycle. $10.00 service charge per debit over 3

First order of custom checks free

 

 

Free Internet Banking

Paper Statement Allowed

 

E-Statement Required

  

Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are lmited to six per month by regulation.

Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per month by regulation.