Business Banking - Savings & Money Market

Commercial Statement Savings Account

Design

This is the perfect account for either the small start-up business or the larger commercial account that wishes to have funds in reserve in the event of an accidental overdraft. Because of its low cost and fairly positioned minimums to avoid a monthly account handling fee, the Commercial Statement Savings Account is ideal for low transaction volume businesses. As an owner of this account, you will enjoy unlimited transactions to your account in person.

Features

Minimum balance of $1000 required to avoid a monthly $5 account handling charge.

Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

Six pre-authorized debit transfers per month are allowed. There is no limit to the number of withdrawals or deposits made in person or by mail.

Statement Options

A detailed statement is mailed to you at the end of each month that itemizes each transaction as well as includes any interest earned on the balances in the account.

Commercial Premier Money Market

Design

Earn a premium money market rate on all your account balances and enjoy the convenience of easy access to your account with our Commercial Premier Money Market Deposit Account. Your funds can be accessed by writing convenient money market checks to third parties, in person with one of our friendly and helpful tellers, or via technology through one of our various electronic delivery channels. Top tier balances earn an interest rate comparable to the yield on the short term Treasury Securities on the open market, complete with FDIC insurance. With an innovative five tier rate structure, you are sure to earn maximum dollars with a high degree of access to your funds when needed. All five rate tiers reset monthly to assure you that your rate never becomes stagnant.

Features

Minimum balance of $10,000 required to avoid a monthly $10 account handling charge.
Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

Six pre-authorized debit transfers per month are allowed. Of which, three may be made by check to third parties. There is no limit to the number of withdrawals or deposits made in person or by mail.

Transaction Fees

No activity charges for the first 20 processed items.

All checks written or other debits  .12 each
All deposits or other credits  .25 each
Items in those deposits  .10 each

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.