Business Banking
Business Account
$500.00 minimum balance
A fee of $5.00 will be assessed if the balance falls below $500.00 on any day of the cycle. Also, an additional fee of $.25 will be charged per debit.
Business Non-Profit Account
$1,000.00 minimum balancee
A fee of $7.00 will be assessed if the balance falls below $1,000.00 on any day of the cycle. Also, an additional fee of $.25 will be charged per debit. Minimum daily balance to earn interest is $1,000.00
Business Money Market Account
$2,500.00 Minimum Balance
A fee of $10.00 will be assessed if the balance falls below $1,000.00 on any day of the cycle. An additional fee of $5.00 will be charged for debits greater than three to third parties.
Minimum daily balance to earn interest is $2,500.00
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All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. Currently, non-interest bearing accounts are covered to an unlimited amount. Deposited funds that are transferred from an non-interest bearing account to an interest bearing account will not be covered up to an unlimited amount. |