Business Interest Bearing Deposit Accounts

 

The balance computation method we use to calculate all interest bearing accounts is the Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.

 

Money Market Checking

 

The higher your balance, the higher rate of interest you earn. This tiered interest-bearing checking account is ideal for individuals who only write a few checks each month. See your nearest office for deposit details. A minimum opening deposit is required.

  • Variable Interest Rate
  • $5 service charge for balances below $1,500
  • Interest compounded & credited monthly
  • No Interest Paid on balances below $5,000
  • Withdrawals-Maximum of 6 per statement cycle
  • $10 fee for each debit over 6 per statement cycle
  • Easy to balance image statements
  • FREE Internet banking access
  • FREE telephone banking access
  • No VISA Debit Card or ATM Card will be issued

Not all products are offered at all locations. Check with your local bank for more details.


Savings

 

Our savings account earns a competitive interest rate which is compounded and paid quarterly on balances of $100 or more and provides unlimited deposits and three withdrawals per quarter at no charge. A minimum opening deposit is required. 

  • $3 quarterly service charge for balances of less than $100
  • $1 service charge per withdrawal after THREE
  • No interest paid on balances below $10
  • Easy to balance image statements
  • FREE Internet banking access
  • FREE telephone banking access
  • Eligible Restrictions May Apply

Not all products are offered at all locations. Check with your local bank for more details.