A business savings plan with competitive interest rates and limited check writing.
The Account Offers You:
- Up to 3 checks per month*
- Unlimited lobby transactions*
- Interest Earned on Balances $5,000 and over **
Fees
- No monthly maintenance fee with a minimum daily balance of $5,000
or more
- $8 monthly maintenance fee if minimum balance is below $5,000 (For
non-profit organizations, the monthly maintenance is $6. The fee is
waived if 501(c)(3) documentation is provided.)
- Excess transactions subject to $15 charge per item*
Disclosures
* Federal Regulation D limits checks and telephone, online, overdraft, and pre-authorized
transfers (including automatic and wire transfers) to six per statement period,
with a maximum of three withdrawals by check, draft, debit card or similar instrument
to a 3rd party.
** Money Market accounts with minimum daily balances of $5,000 and over earn the
Business Money Market rate. Balances under $5,000 earn the Business Interest Checking rate. Accounts that
exceed transaction limitations described above earn no interest for the remainder
of the statement cycle, but non-profits and sole proprietors earn the Business
Interest Checking rate.
Terms subject to change. Minimum deposit to open is $50. Fees may reduce earnings.
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